Airports Corporation of Vietnam (ACV) is the country’s largest airport operator, managing 22 out of Vietnam’s 23 airports—effectively holding a near-monopoly in the sector. A key long-term growth catalyst for ACV is the development of Long Thanh International Airport, a landmark project with an estimated capital expenditure of USD 16 billion. Once fully operational, the airport will accommodate up to 100 million passengers annually, effectively doubling Vietnam’s total aviation capacity
Investment Rationale:
Vietnam is rapidly emerging as a top global tourist destination, fueled by its expanding and increasingly sophisticated tourism ecosystem. At the same time, rising disposable incomes among the Vietnamese population have driven a sharp increase in demand for both domestic and international air travel.
