16-May-2013 3:18 PM

Vietnam considers opening airports to foreign investment and management

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."

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