Subsector Report No. 06 INSTITUTIONS

Total Page:16

File Type:pdf, Size:1020Kb

Subsector Report No. 06 INSTITUTIONS JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) MINISTRY OF TRANSPORT, VIETNAM THE COMPREHENSIVE STUDY ON THE SUSTAINABLE DEVELOPMENT OF TRANSPORT SYSTEM IN VIETNAM (VITRANSS 2) Subsector Report No. 06 INSTITUTIONS May 2010 ALMEC CORPORATION ORIENTAL CONSULTANTS CO. LTD. NIPPON KOEI CO. LTD. JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) MINISTRY OF TRANSPORT, VIETNAM THE COMPREHENSIVE STUDY ON THE SUSTAINABLE DEVELOPMENT OF TRANSPORT SYSTEM IN VIETNAM (VITRANSS 2) Subsector Report No. 06 INSTITUTIONS May 2010 ALMEC CORPORATION ORIENTAL CONSULTANTS CO. LTD. NIPPON KOEI CO. LTD. Exchange Rate Used in the Report USD 1 = JPY 110 = VND 17,000 (Average Rate in 2008) PREFACE In response to the request from the Government of the Socialist Republic of Vietnam, the Government of Japan decided to conduct the Comprehensive Study on the Sustainable Development of Transport System in Vietnam (VITRANSS2) and entrusted the program to the Japan International cooperation Agency (JICA) JICA dispatched a team to Vietnam between November 2007 and May 2010, which was headed by Mr. IWATA Shizuo of ALMEC Corporation and consisted of ALMEC Corporation, Oriental Consultants Co., Ltd., and Nippon Koei Co., Ltd. In the cooperation with the Vietnamese Counterpart Team, the JICA Study Team conducted the study. It also held a series of discussions with the relevant officials of the Government of Vietnam. Upon returning to Japan, the Team duly finalized the study and delivered this report. I hope that this report will contribute to the sustainable development of transport system and Vietnam and to the enhancement of friendly relations between the two countries. Finally, I wish to express my sincere appreciation to the officials of the Government of Vietnam for their close cooperation. May 2010 HIROYO SASAKI, Vice President Japan International Cooperation Agency May 2010 HIROYO SASAKI Vice President Japan International Cooperation Agency Tokyo Subject: Letter of Transmittal Dear Sir, We are pleased to formally submit herewith the final report of the Comprehensive Study on the Sustainable Development of Transport System in Vietnam (VITRANSS2). This report compiles the results of the study which was undertaken both in Vietnam and Japan from November 2007 to May 2010 by the Team comprising ALMEC Corporation, Oriental Consultants Co., Ltd., and Nippon Koei Co., Ltd. We owe a lot to many people for the accomplishment of this report. First, we would like to express our sincere appreciation and deep gratitude to all those who extended their extensive assistance and cooperation to the Team, in particular the Ministry of Transport of Vietnam. We also acknowledge the officials of your agency, the JICA Advisory Committee, and the Embassy of Japan in Vietnam for their support and valuable advice in the course of the Study. We hope the report would contribute to the sustainable development of transport system and Vietnam. Very truly yours, IWATA Shizuo Team Leader The Comprehensive Study on the Sustainable Development of Transport System in Vietnam (VITRANSS2) TABLE OF CONTENTS 1 INTRODUCTION 1.1 Purpose and Structure of the Report .................................................................................... 1-1 1.2 Areas of Emphases .............................................................................................................. 1-1 1.3 Rational for Change .............................................................................................................. 1-2 2 BACKGROUND- INSTITUTIONAL FRAMEWORK 2.1 Introduction ........................................................................................................................... 2-1 2.2 Framework- Overview of Institutional Responsibilities ......................................................... 2-1 2.3 Distinction between Transport Services and Transport Infrastructure .................................. 2-5 2.4 Transport Sector Institutional Landscape–Vietnam 2008/9 .................................................. 2-6 2.5 References from Recent Institutional Developments in China’s Transport Sector ............... 2-7 3 CURRENT INSTITUTIONAL ARRANGEMENTS IN THE TRANSPORT SECTOR 3.1 Introduction ........................................................................................................................... 3-1 3.2 MOT and the Public Sector Universe ................................................................................... 3-2 3.3 Organizations by Transport Modes/ sub-sectors .................................................................. 3-5 3.4 Road Sector Institutional Development ................................................................................ 3-5 3.5 Railway Sector Institutional Development ............................................................................ 3-8 3.6 Ports and Shipping Sector Institutional Development ........................................................ 3-11 3.7 Inland Waterways Transport [IWT] Sector Institutional Development ................................ 3-14 3.8 Aviation Sector Institutional Development .......................................................................... 3-16 3.9 Organization of State Owned Transport Enterprises .......................................................... 3-21 3.10 Organization Structure PMU ............................................................................................... 3-21 3.11 Overview of Legislative Aspects ......................................................................................... 3-21 3.12 Further Information on Legislative and Organizational Aspects ......................................... 3-23 3.13 Overview of Existing HRD Facilities ................................................................................... 3-25 3.14 Project Management and ODA ........................................................................................... 3-26 4 CURRENT INSTITUTIONAL ISSUES AND PROBLEMS 4.1 Introduction ........................................................................................................................... 4-1 4.2 Road Sector: Some Institutional and Legislative Issues....................................................... 4-2 4.3 Road Transport Sector: Some Institutional and Legislative Issues ...................................... 4-4 4.4 Rail Sector Institutional and Legislative Issues .................................................................... 4-5 4.5 Ports and Shipping Institutional and Legislative Issues ........................................................ 4-7 4.6 Inland Waterways Transport [IWT] Institutional and Legislative Issues ............................. 4-10 4.7 Aviation Institutional and Legislative Issues and Reforms .................................................. 4-11 4.8 Some Key Issues Urban Transport sub-sector ................................................................... 4-12 4.9 Some Cross-cutting Issues ................................................................................................. 4-13 4.10 Some Key Issues for Development of PSP in the Transport Sector .................................. 4-14 4.11 Some Key institutional and Legislative Issues Multi-modal Transport and Logistics ......... 4-15 4.12 Some Regulatory Issues and Problems ............................................................................. 4-18 4.13 The Problems of Human Resource Development (HRD) ................................................... 4-21 5 ORGANIZING FOR THE FUTURE 5.1 Introduction ........................................................................................................................... 5-1 5.2 Strategy for Capacity Development in Transport Sector ....................................................... 5-2 5.3 General HRD Actions for Future ........................................................................................... 5-4 5.4 Roads Sector Re-organization and Capacity Building .......................................................... 5-5 5.5 Rail Sector Re-organization and Capacity Building .............................................................. 5-6 5.6 Maritime and Shipping Sector Re-organization and Capacity Building ................................ 5-7 5.7 Inland Waterways Transport Sector Re-organization and Capacity Building ....................... 5-7 5.8 Aviation Transport Sector Re-organization and Capacity Building ....................................... 5-8 5.9 Multi-Modal Transport and Logistics Transport Sector Re-organization and Capacity Building .............................................................................................................................................. 5-8 i 5.10 Urban Transport sub-sector .................................................................................................. 5-9 5.11 SOE Reform .......................................................................................................................... 5-9 5.12 Determining an Appropriate Framework for PSP ............................................................... 5-11 5.13 Improvements to the Regulatory Environment ................................................................... 5-13 6 MAIN RECOMMENDATIONS AND LOOK AHEAD 6.1 Introduction ........................................................................................................................... 6-1 6.2 Main Recommendations ......................................................................................................
Recommended publications
  • International Civil Aviation Organization Asia and Pacific Office
    INTERNATIONAL CIVIL AVIATION ORGANIZATION ASIA AND PACIFIC OFFICE REPORT OF THE TENTH MEETING OF THE FANS IMPLEMENTATION TEAM FOR SOUTH-EAST ASIA (FIT-SEA/10) AND THE SEVENTEENTH MEETING OF THE SOUTH-EAST ASIA ATS COORDINATION GROUP (SEACG/17) Singapore 24 to 27 May 2010 The views expressed in this report should be taken as those of the meetings and not of the International Civil Aviation Organization (ICAO) Approved by the meetings and published by ICAO Asia and Pacific Office FIT-SEA/10 and SEACG/17 Table of Contents TABLE OF CONTENTS Page HISTORY OF THE MEETING Introduction .................................................................................................................................i Attendance ..................................................................................................................................i Officers and Secretariat ...............................................................................................................i Opening of the Meeting ..............................................................................................................i Documentation and Working Language ................................................................................... ii REPORT OF FIT-SEA/10 Agenda Item 1: Adoption of Agenda..................................................................................1 Agenda Item 2: Central Reporting Agency.........................................................................2 Agenda Item 3: Review of ADS/CPDLC Implementation .................................................4
    [Show full text]
  • Contents [Edit] Africa
    Low cost carriers The following is a list of low cost carriers organized by home country. A low-cost carrier or low-cost airline (also known as a no-frills, discount or budget carrier or airline) is an airline that offers generally low fares in exchange for eliminating many traditional passenger services. See the low cost carrier article for more information. Regional airlines, which may compete with low-cost airlines on some routes are listed at the article 'List of regional airlines.' Contents [hide] y 1 Africa y 2 Americas y 3 Asia y 4 Europe y 5 Middle East y 6 Oceania y 7 Defunct low-cost carriers y 8 See also y 9 References [edit] Africa Egypt South Africa y Air Arabia Egypt y Kulula.com y 1Time Kenya y Mango y Velvet Sky y Fly540 Tunisia Nigeria y Karthago Airlines y Aero Contractors Morocco y Jet4you y Air Arabia Maroc [edit] Americas Mexico y Aviacsa y Interjet y VivaAerobus y Volaris Barbados Peru y REDjet (planned) y Peruvian Airlines Brazil United States y Azul Brazilian Airlines y AirTran Airways Domestic y Gol Airlines Routes, Caribbean Routes and y WebJet Linhas Aéreas Mexico Routes (in process of being acquired by Southwest) Canada y Allegiant Air Domestic Routes and International Charter y CanJet (chartered flights y Frontier Airlines Domestic, only) Mexico, and Central America y WestJet Domestic, United Routes [1] States and Caribbean y JetBlue Airways Domestic, Routes Caribbean, and South America Routes Colombia y Southwest Airlines Domestic Routes y Aires y Spirit Airlines Domestic, y EasyFly Caribbean, Central and
    [Show full text]
  • 9 Days / 8 Nights Vietnam Formula 1 Grand Prix in Hanoi
    9 Days / 8 Nights Vietnam Formula 1 Grand Prix in Hanoi Day 1 – Arrival in Hanoi On arrival in Hanoi Noi Bai International Airport, you will be greeted by our airport representative who will provide the private vehicle transfer to your hotel. The remainder of the day is at your own leisure. Day 2 – Practice Day / Includes Breakfast This morning, after enjoying breakfast at your hotel you will meet your driver in the hotel foyer who will provide the transfer to the racetrack. Enjoy the practice day with the F1 cars hitting the track for the very first time. You will have a pre- arranged time for your return transfer to your hotel. Day 3 – Qualifying day / Includes Breakfast Today is qualifying day for the Formula 1 cars. You will greet your driver in the hotel foyer after breakfast who will provide the transfer to the track. Today promises to be action packed with lots of other races classes and the very best of Vietnamese hospitality. AT the end of the day, meet your driver who will provide the transfer back to your hotel. Day 4 – Race Day / Includes Breakfast Enjoy an early breakfast today before you meet your driver in the hotel foyer who will provide the transfer to the track for race day. Today is a great day in Vietnam sporting history, and there is no doubt, it will be an amazing race. Enjoy the race day festivities and then meet your driver at a pre-arranged time who will provide the transfer back to your hotel. Day 5 – Hanoi to HaLong Bay / Includes Breakfast, Lunch and Dinner Following an early breakfast, meet your driver in the hotel foyer at 8.00am and embark on the 3-1/2 hour journey to HaLong Bay, Vietnam’s most popular UNESCO World Heritage site! The name ‘Ha Long’ means ‘Bay of Descending Dragons’ and owes its origins to a Vietnamese myth.
    [Show full text]
  • Doing Business in (Insert Country Name Here)
    DOING BUSINESS IN VIETNAM Country Commercial Guide 2015 Prepared by U.S. Commercial Service and U.S. Embassy in Vietnam June 2015 International Copyright ©2015 U.S. Commercial Service and U.S. Department of State All rights reserved outside the United States of America. Table of Contents This report contains numerous hyperlinks. Click on any blue text in this document in order to navigate within the document or be directed to a related external web link. Chapter 1: Doing Business in Vietnam……………………………………………………. 4 Market Overview ……………………………………………………….………………………. 4 Market Challenges ……………………………………………………………………….……. 6 Market Opportunities ………………………………………………………………….………. 7 Market Entry Strategy …………………………………………………………………………. 7 Chapter 2: Political and Economic Environment…………..……………………….…… 9 Chapter 3: Selling U.S. Products and Services…………………………………………. 10 Using an Agent or Distributor ………………………………………………………………... 10 Establishing an Office ……………………………………………………………..…………. 11 Franchising …………………………………………………………………...…..……….…... 13 Direct Marketing ……………………………………………………………….……….……... 13 Joint Ventures/Licensing ………………………………………………………..…….……… 14 Selling to the Government …………………………………………………………...………. 14 Distribution and Sales Channels ……………………………………………………..……... 15 Selling Factors/Techniques …………………………………………………………..……… 17 Electronic Commerce …………………………………………………………………...……. 18 Trade Promotion and Advertising ……………………………………………………...……. 19 Pricing ………………………………………………………………………………………….. 20 Sales Service/Customer Support ……………………………………………………..…….. 21 Protecting
    [Show full text]
  • U.S. Department of Transportation Federal
    U.S. DEPARTMENT OF ORDER TRANSPORTATION JO 7340.2E FEDERAL AVIATION Effective Date: ADMINISTRATION July 24, 2014 Air Traffic Organization Policy Subject: Contractions Includes Change 1 dated 11/13/14 https://www.faa.gov/air_traffic/publications/atpubs/CNT/3-3.HTM A 3- Company Country Telephony Ltr AAA AVICON AVIATION CONSULTANTS & AGENTS PAKISTAN AAB ABELAG AVIATION BELGIUM ABG AAC ARMY AIR CORPS UNITED KINGDOM ARMYAIR AAD MANN AIR LTD (T/A AMBASSADOR) UNITED KINGDOM AMBASSADOR AAE EXPRESS AIR, INC. (PHOENIX, AZ) UNITED STATES ARIZONA AAF AIGLE AZUR FRANCE AIGLE AZUR AAG ATLANTIC FLIGHT TRAINING LTD. UNITED KINGDOM ATLANTIC AAH AEKO KULA, INC D/B/A ALOHA AIR CARGO (HONOLULU, UNITED STATES ALOHA HI) AAI AIR AURORA, INC. (SUGAR GROVE, IL) UNITED STATES BOREALIS AAJ ALFA AIRLINES CO., LTD SUDAN ALFA SUDAN AAK ALASKA ISLAND AIR, INC. (ANCHORAGE, AK) UNITED STATES ALASKA ISLAND AAL AMERICAN AIRLINES INC. UNITED STATES AMERICAN AAM AIM AIR REPUBLIC OF MOLDOVA AIM AIR AAN AMSTERDAM AIRLINES B.V. NETHERLANDS AMSTEL AAO ADMINISTRACION AERONAUTICA INTERNACIONAL, S.A. MEXICO AEROINTER DE C.V. AAP ARABASCO AIR SERVICES SAUDI ARABIA ARABASCO AAQ ASIA ATLANTIC AIRLINES CO., LTD THAILAND ASIA ATLANTIC AAR ASIANA AIRLINES REPUBLIC OF KOREA ASIANA AAS ASKARI AVIATION (PVT) LTD PAKISTAN AL-AAS AAT AIR CENTRAL ASIA KYRGYZSTAN AAU AEROPA S.R.L. ITALY AAV ASTRO AIR INTERNATIONAL, INC. PHILIPPINES ASTRO-PHIL AAW AFRICAN AIRLINES CORPORATION LIBYA AFRIQIYAH AAX ADVANCE AVIATION CO., LTD THAILAND ADVANCE AVIATION AAY ALLEGIANT AIR, INC. (FRESNO, CA) UNITED STATES ALLEGIANT AAZ AEOLUS AIR LIMITED GAMBIA AEOLUS ABA AERO-BETA GMBH & CO., STUTTGART GERMANY AEROBETA ABB AFRICAN BUSINESS AND TRANSPORTATIONS DEMOCRATIC REPUBLIC OF AFRICAN BUSINESS THE CONGO ABC ABC WORLD AIRWAYS GUIDE ABD AIR ATLANTA ICELANDIC ICELAND ATLANTA ABE ABAN AIR IRAN (ISLAMIC REPUBLIC ABAN OF) ABF SCANWINGS OY, FINLAND FINLAND SKYWINGS ABG ABAKAN-AVIA RUSSIAN FEDERATION ABAKAN-AVIA ABH HOKURIKU-KOUKUU CO., LTD JAPAN ABI ALBA-AIR AVIACION, S.L.
    [Show full text]
  • CADP 2.0) Infrastructure for Connectivity and Innovation
    The Comprehensive Asia Development Plan 2.0 (CADP 2.0) Infrastructure for Connectivity and Innovation November 2015 Economic Research Institute for ASEAN and East Asia The findings, interpretations, and conclusions expressed herein do not necessarily reflect the views and policies of the Economic Research Institute for ASEAN and East Asia, its Governing Board, Academic Advisory Council, or the institutions and governments they represent. All rights reserved. Material in this publication may be freely quoted or reprinted with proper acknowledgement. Cover Art by Artmosphere ERIA Research Project Report 2014, No.4 National Library of Indonesia Cataloguing in Publication Data ISBN: 978-602-8660-88-4 Contents Acknowledgement iv List of Tables vi List of Figures and Graphics viii Executive Summary x Chapter 1 Development Strategies and CADP 2.0 1 Chapter 2 Infrastructure for Connectivity and Innovation: The 7 Conceptual Framework Chapter 3 The Quality of Infrastructure and Infrastructure 31 Projects Chapter 4 The Assessment of Industrialisation and Urbanisation 41 Chapter 5 Assessment of Soft and Hard Infrastructure 67 Development Chapter 6 Three Tiers of Soft and Hard Infrastructure 83 Development Chapter 7 Quantitative Assessment on Hard/Soft Infrastructure 117 Development: The Geographical Simulation Analysis for CADP 2.0 Appendix 1 List of Prospective Projects 151 Appendix 2 Non-Tariff Barriers in IDE/ERIA-GSM 183 References 185 iii Acknowledgements The original version of the Comprehensive Asia Development Plan (CADP) presents a grand spatial design of economic infrastructure and industrial placement in ASEAN and East Asia. Since the submission of such first version of the CADP to the East Asia Summit in 2010, ASEAN and East Asia have made significant achievements in developing hard infrastructure, enhancing connectivity, and participating in international production networks.
    [Show full text]
  • AIRPORT DEVELOPMENT International News Each Issue of Airport Development Focuses on a Different Region of the World, with Global News at the End of This Section
    Page 1 of 14 10 February 2021 No. 1138 DEV Published biweekly – available by annual subscription only – details & order online at: www.mombergerairport.info Publisher: Martin Lamprecht [email protected] – Founding Editor: Manfred Momberger News Editors: Paul Ellis [email protected] – Marnix (Max) Groot [email protected] Momberger Airport Information by Air Trans Source Inc. – international news & data – published since 1973 AIRPORT DEVELOPMENT International News Each issue of Airport Development focuses on a different region of the world, with global news at the end of this section. A list of past focus regions published in recent years can be downloaded from the Bonus section in the subscriber pages of our website. Focus Region: South America Other Regions from page 11 ARGENTINA Aeroparque Jorge Newbery Airport, Buenos Aires’ domestic airport and the nation’s second busiest, is being upgraded, enabling the airport to handle international flights. The USD 62,56- million project will include lengthening and rehabilitation of the runway, the installation of new navigational aids, and enlargement of the passenger terminal. About USD 44 million will be used for the maintenance and rehabilitation of the runway and to extend it by 615 meters (2,000 feet). This will enable the airport to receive heavier and larger aircraft such as the Airbus 330. It will open the airport not only to flights to and from neighbouring countries but also to countries as far away as Peru. The project will be completed in February 2020 and is part of a larger program to upgrade the nation’s airports (see next article below).
    [Show full text]
  • Socialist Republic of Vietnam ASSESSMENT of FINANCING FRAMEWORK for MUNICIPAL INFRASTRUCTURE
    Report No: ACS5919 . Socialist Republic of Vietnam ASSESSMENT OF FINANCING FRAMEWORK FOR MUNICIPAL INFRASTRUCTURE Public Disclosure Authorized Assessment of the financing framework for municipal infrastructure in Vietnam Final Report . September 2013 Public Disclosure Authorized . EASVS EAST ASIA AND PACIFIC . Public Disclosure Authorized Public Disclosure Authorized Document of the World Bank . Standard Disclaimer: . This volume is a product of the staff of the International Bank for Reconstruction and Development/ The World Bank. The findings, interpretations, and conclusions expressed in this paper do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Copyright Statement: . The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/ The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA, telephone 978-750-8400, fax 978-750-4470, http://www.copyright.com/. All other queries on rights and licenses, including subsidiary rights, should be addressed to the Office of the Publisher, The World Bank, 1818 H Street NW, Washington, DC 20433, USA, fax 202-522-2422, e-mail [email protected].
    [Show full text]
  • Transportation
    VIETNAM 1 TRANSPORTATION Travelling to and in Vietnam is quite convenient. There are several means of transport to choose from depending on the budget and time. AIR If you intend to visit only a few cities in Vietnam and do not want to spend too much time on trasporting between different destinations, flying is the most convenient way to travel. Vietnam Airlines operates on domestic routes and flies to places like Phu Quoc Island and Rach Gia that are difficult to reach by other means. Domestic air travel is time saving especially for long distance. There are 16 domestic airports in Vietnam servicing air passengers. They are located in: Hai Phong (Cat Bi Airport) Dien Bien (Dien Bien Phu Airport) Thanh Hoa (Tho Xuan Airport) Nghe An (Vinh Airport) Quang Binh (Dong Hoi Airport) Hue (Phu Bai Airport) Quang Nam (Chu Lai Airport) Binh Dinh (Phu Cat Airport) Phu Yen (Tuy Hoa Airport) Daklak (Buon Me Thuot Airport) Lam Dong(Lien Khuong Airport) Gia Lai (Pleiku Airport) Vung Tau (Con Dao Airport) Can Tho (Can Tho Airport) Kien Giang (Rach Gia Airport) Ca Mau (Ca Mau Airport). There are direct flights on Vietnam Airlines to Hue, Danang, Dalat, Nha Trang, Dien Bien Phu, Phu Quoc, Quy Nhon, Pleiku and Saigon. To connect the two major cities like Hanoi and Saigon, Vietnam Airlines run more than 20 flights per day. There are five international airports welcoming tourists to Vietnam. These are Noi Bai International Airport in Hanoi, Danang International Airport in Danang, Tan Son Nhat International Airport in Saigon, Cam Ranh International Airport in Khanh Hoa and Phu Quoc International Airport in Kien Giang.
    [Show full text]
  • VIETNAM AIRLINES COMPANY LIMITED November 4, 2014
    VIETNAM AIRLINES COMPANY LIMITED November 4, 2014 PRE-IPO NOTE Vietnam Airlines is offering 49 million shares or 3.475% to the Auction time 8:30 AM November 14, 2014 public auction at an initial price of VND22,300 per share on Number of offering shares 49,009,008 to public auction November 14, 2014. Initial price per share VND22,300 We have concerns that the offer price may be too high: Proposed chartered capital VND14.10tn (USD0.66bn) Market capital VND31.45tn (USD1.48bn) Weak 9M2014 results: The company’s management Planned ownership structure estimated 9M2014 net income of parent company at around State-owned 75% VND100 billion (USD4.7 million). This amount is much less than the company’s whole year target of VND341 billion Strategic investors* 20% (USD16.0 million). Employees, Unions 1.525% Aggressive management targets: The 2014-2018 business Public 3.475% plan for parent company is quite optimistic although the *Strategic investor has not yet been identified. company faces many challenges. For the next five years, 2008-13 2014F 2014-18 CAGR (VNDbn) CAGR management targets net income to grow with a CAGR of Parent company 83.8% although earnings were highly volatile and recorded a Revenues 15.8% 59,008 16.7% CAGR of only 0.8% from 2008 to 2013. Net income 0.8% 341 83.8% Management believes the company will achieve these Consolidation aggressive targets by improving its facilities and equipment, Revenues 12.6% n/a n/a investing in modern wide body aircraft to increase its Net income -28.0% n/a n/a market share in the region and improve efficiency.
    [Show full text]
  • AIRPORTS CORPORATION of VIETNAM (Incorporated in the Socialist Republic of Vietnam)
    AIRPORTS CORPORATION OF VIETNAM (Incorporated in the Socialist Republic of Vietnam) AUDITED SEPARATE FINANCIAL STATEMENTS For the year ended 31 December 2018 AIRPORTS CORPOR.A,TION OF' VIETNAM 58 Truong Son, Ward 02, Tan Binh District Ho Chi Minh City, Vietnam TABLE OF CONTENTS CONTENTS PAGE(S) STATEMENT OF THE BOARD OF EXECUTIVE OFFICERS 1-2 INDEPENDENT AUDITORS' REPORT 3-4 SEPARATE BALANCE SHEET 5-6 SEPARATE INCOME STATEMENT 7 SEPARATE CASH FLOW STATEMENT 8-9 NOTES TO THE SEPARATE FINANCIAL STATEMENTS 10-58 AIRPORTS CORPORATION OF YIETNAM 58 Truong Son, Ward 02, Tan Binh District Ho Chi Minh City, Vietnam STATEMENT OF THE BOARD OF EXECUTIVE OFFICERS The Board of Executive Officers of Airports Corporation of Vietnam (the "Corporation") presents this report together with the Corporation's separate financial statements for the year ended31December20l8. THE BOARDS OF DIRECTORS, SUPERVISORS AND EXECUTIVE OFFICERS The members of the Boards of Directors and Executive Officers of the Corporation who held the Corporation during the year and to the date of this report are as follows: Board of Directors Mr. Lai Xuan Thanh President Mr. Vu The Phiet Member (appointed on 24 July 2018) Mr. Le Manh Hung Member (resigned on 24 July 2018) Mr. Dao Viet Dung Member Ms. Le Thi Dieu Thuy Member Board of Supetttioots Ms. Huynh Thi Dieu Head ofBoard of Supervisors Ms. Le Thi Huong Giang Member Mr. Nguyen Huu Phuc Member (appointed on 4 May 2018) Ms. Hoang Thi Thanh Member (resigned on 4 May 2018) Board of Executive Officers Mr. Vu The Phiet Chief Executive Officer (appointed on 10 August 2018) Mr.
    [Show full text]
  • Potential Economic Corridors Between Vietnam and Lao PDR: Roles Played by Vietnam
    Munich Personal RePEc Archive Potential economic corridors between Vietnam and Lao PDR: Roles played by Vietnam Nguyen, Binh Giang IDE-JETRO 2012 Online at https://mpra.ub.uni-muenchen.de/40502/ MPRA Paper No. 40502, posted 06 Aug 2012 12:14 UTC CHAPTER 3 Potential Economic Corridors between Vietnam and Lao PDR: Roles Played by Vietnam Nguyen Binh Giang This chapter should be cited as: NGUYEN, Bing Giang 2012. “Potential Economic Corridors between Vietnam and Lao PDR: Roles Played by Vietnam” in Emerging Economic Corridors in The Mekong Region, edited by Masami Ishida, BRC Research Report No.8, Bangkok Research Center, IDE-JETRO, Bangkok, Thailand. CHAPTER 3 POTENTIAL ECONOMIC CORRIDORS BETWEEN VIETNAM AND LAO PDR: ROLES PLAYED BY VIETNAM Nguyen Binh Giang INTRODUCTION The Third Thai-Lao Friendship Bridge over the Mekong River officially opened on November 11, 2011, facilitating cross-border trade along Asian Highway (AH) 15 (Route No. 8) and AH 131 (Route No. 12) between northeast Thailand, central Lao PDR and North Central Vietnam. Since the establishment of the East-West Economic Corridor (EWEC) which is based on AH 16 (Route No. 9), the cross-border trade among countries in the Greater Mekong Sub-region has been much facilitated. The success of EWEC encourages local governments in the region to establish other economic corridors. Currently, it seems that there are ambitions to establish parallel corridors with EWEC. The basic criteria for these corridors is the connectivity of the Thailand-Lao PDR or Lao PDR-Vietnam border gates, major cities in northeast Thailand, south and central Lao PDR, and North Central and Middle Central Vietnam, and ports in Vietnam by utilizing some existing Asian Highways (AHs) or national highways.
    [Show full text]