HANOI, Dec. 19 (Xinhua) -- The Airports Corporation of Vietnam (ACV), which has a monopoly on trading, managing and operating international and domestic airports throughout Vietnam, plans to sell 20-percent stake, equivalent to nearly 4.4 trillion Vietnamese dong (194.7 million U.S. dollars) through auction in 2018.
This information is included in an ACV report sent to the Ministry of Transport after Prime Minister Nguyen Xuan Phuc approved the list of 406 state-owned enterprises marked for divestment from now until 2020, Vietnam News Agency reported on Tuesday.
Up to 65 percent of ACV's revenues come from duty-free sales at airports.
The company plans to make total revenues of nearly 13.3 trillion Vietnamese dong (588 million U.S. dollars), and before-tax profits of nearly 3.7 trillion Vietnamese dong (162 million U.S. dollars) this year.
