ACV has yet to fix errors uncovered by Government Inspectorate

Over the three months since Government Inspectorate announced Conclusion No.2569/KL-TTCP related to asset and capital usage and management, equitisation, and divestment of ACV, the errors has not been fixed thoroughly.

According to Report No.680/BGTVT-TTr of the Ministry of Transport (MoT), before the issue of Conclusion No.2569, ACV had retrieved an amount of VND704 billion ($31 million) to the state budget, added VND132.4 billion ($5.83 million) to ACV’s Investment and Development Fund.

This company also recorded an increase of VND297 billion ($13.1 million) at E6 runway project and Danang International Airport. SASCO also returned VND12.9 billion ($0.57 million) to a fund of ACV, collected $902,000 to this company’s revenue, and returned VND4.5 billion ($0.2 million) of corporate income tax to the state budget.

Besides, ACV has reduced projects’ value by VND3.56 billion ($0.16 million).

MoT has collaborated with the Ministry of Finance and the Ministry of Defense to propose handling solutions related to the amount of VND61.6 billion ($2.7 million) of cost of compensation, ground clearance of 7.63-hectare land on Tan Son Nhat International Airport, VND12.78 billion ($0.6 million) of asset additionally recorded of runways, and VND903.4 billion of secured asset depreciation.

According to Le Dinh Tho, MoT Deputy Minister, equitisation settlement of parent company ACV has not finished yet due to objective reasons. 

“The MoT has directed ACV to accelerate equitisation and divestment quickly, carefully, and accurately,” he said.

Regarding violations of land management raised on Conclusion No.2569, representative of MoT said that it is related to Ministry of Natural Resources and Environment and provincial people’s committees, so that legal procedures of land management right has been conducting.

Relevant to charges of services and the path to the airport terminals, the Civil Aviation Authority of Vietnam (CAAV) has just submitted to stop charging until government approves solution. 

"ACV will drastically follow the decisions of state agencies. ACV will stop charging if MoT agreed with the proposals of CAAV," said Lai Xuan Thanh, chairman of ACV.