Viet Nam

Viet Nam

Vietnam to open up airports to foreign investors

26 Oct 2015

The government recently passed a new decree (No. 102/2015/ND-CP), which has come into effect on 12 December 2015. According to this decree, private investors will be allowed to purchase rights to manage Vietnamese airports and provide some ground services such as fuel supply, flight information, and airfield operation. Only Vietnamese businesses are eligible, but foreign investors can join them, with the maximum stake capped at 30 per cent. Meanwhile, the government will hold at least a 65 per cent stake in service providing companies that it deems important or strategic. Air traffic control, research and rescue services will be strictly off-limits to private and foreign investors.

Nature of measure:
  • Liberalization
Type:
  • Entry and establishment (Ownership and control)
Industry:
  • Services (Transportation and storage)
Inward FDI:
No
Outward FDI:
No
Sources: