Civil Aviation Authority of Vietnam director general Lai Xuan Thanh proposed opening Vietnam's airports to international investment, according to a report from Tuoi Tre News. Under the proposal, airports categorised as having significant international traffic or an important role in national security, including Hanoi Noi Bai Airport, Da Nang Airport, Ho Chi Minh City Tan Son Nhat Airport, Long Thanh Airport and Nha Trang Cam Ranh Airport, would continue to be primarily funded and managed by the government, while other airports would be opened to foreign investment and management. Mr Thanh said, "The proposal, if approved, will create a stimulus for the local aviation market as it will pave the way for highly capable international investors to enter Vietnam... It’s necessary that we be assisted by international investors with modern technology, experienced administrative management, and strong financial muscles."
Vietnam considers opening airports to foreign investment and management
You may also be interested in the following articles...
VietJet Air Part 3: international expansion accelerates as IPO approaches and order book grows
Vietnamese LCC VietJet Air is accelerating international expansion with at least five new routes in 4Q2016. VietJet will end 2016 with at least 14 international routes, compared with only seven at the beginning of 2016.
The Vietnamese LCC turns five years old in Dec-2016 and is approaching a critical juncture as it starts to pursue faster international expansion and prepares for an initial public offering (IPO). VietJet has been very successful in the Vietnamese domestic market, driving rapid growth and quickly capturing a 40% share.
With international expansion come higher risks and more challenges. VietJet is betting it can succeed internationally after placing orders for another 120 aircraft in recent months, raising its order book to 200.
Airports and Uber 2016: Transportation Network Companies now more welcome at airports. CAPA report
CAPA recently conducted a new survey of airports and their relations with and attitudes towards Uber and other Transportation Network Companies (TNCs). This follows a shorter questionnaire-based report published in Nov-2015.
TNCs are just one of the many methods of peer-to-peer car (or ride) sharing that are catching on globally as a result of the high costs of motoring and hiring traditional taxis, allied to the use of advanced technology platforms. They are the ultimate, most evident and visible statement of the sharing society - and millennials are the biggest adopters.
Peer-to-peer networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.
While the direct peer-to-peer rental of motor vehicles where the renter drives for a short period of time (e.g. one to two hours) – either by corporations, through car clubs or even via manufacturers – in order (for example) to access or leave an airport is still in its infancy relatively speaking, the business of the TNCs is growing rapidly. Car sharing is expected to generate USD6.2 billion in annual revenues by 2020, from 12 million members worldwide. That revenue will increase as and when the TNCs move to corner that segment for themselves as well.