Vietnam PM Orders ACV Key Personnel Consolidation Before May 7 for Long Thanh Airport

Overview

The Prime Minister has ordered the Ministry of Finance to complete the consolidation of key personnel at Airports Corporation of Vietnam (ACV) before May 7, 2026, to enhance project management efficiency for the Long Thanh International Airport project. The directive, issued via Official Notice 229, emphasizes the political importance of bringing the airport into commercial operation by 2026 and warns against delays that could waste resources and damage national credibility.

Key Facts

• Prime Minister Le Minh Hung issued a conclusion at a meeting reviewing progress of the Long Thanh International Airport Phase 1 project.
• The Ministry of Finance must finalize the consolidation of key ACV personnel, including the Chairman and CEO, before May 7, 2026.
• The project is required to be completed and put into commercial operation in 2026.
• The Prime Minister instructed the Ministry of Public Security to accelerate investigation and handling of violations during project implementation.
• ACV’s stock closed at VND 46 on April 14, 2026, up 0.43% with volume of 222,100 shares.
• ACV is listed on HOSE and operates in the transportation and industrial services sector.

What Happened

The Prime Minister’s Office issued Official Notice 229 on April 14, 2026, conveying the Prime Minister’s conclusions from a meeting on the Long Thanh International Airport Phase 1 project. The notice states that completing the project and putting it into commercial operation in 2026 is a critical political task, and delays are unacceptable. To strengthen leadership, the Ministry of Finance must urgently approve the consolidation of key ACV personnel, including the Chairman and CEO, before May 7. The Ministry of Finance is also tasked with guiding ACV to resolve financial and payment-related difficulties. Additionally, the Ministry of Construction must address issues with construction material prices and supply, while the Ministry of Public Security is to speed up investigations into any violations.

Market Context

ACV shares closed at VND 46 on April 14, 2026, with modest volume of 222,100 shares. The stock has been relatively stable, reflecting the market’s wait-and-see attitude amid ongoing project execution risks. The Long Thanh airport project is a key national infrastructure initiative, and any delays or leadership instability could weigh on sentiment. However, the Prime Minister’s direct intervention may be viewed positively as it signals high-level commitment to timely completion.

Strategic Significance

For long-term investors, the personnel consolidation directive underscores the government’s determination to accelerate the Long Thanh project, which is critical for Vietnam’s aviation infrastructure and economic growth. ACV, as the state-owned operator of Vietnam’s airports, stands to benefit from increased traffic and revenue once the airport is operational. However, execution risks remain, including construction delays, cost overruns, and potential legal issues. The appointment of a new leadership team could improve project management and restore investor confidence.

What to Watch

• Completion of personnel consolidation by May 7, 2026, and announcement of new Chairman and CEO.
• Progress updates on Long Thanh airport construction milestones, especially related to payment and material supply.
• Any further directives from the Prime Minister or Ministry of Finance regarding project financing.
• ACV’s Q1 2026 earnings report for signs of operational impact.
• Developments in the Ministry of Public Security’s investigation into project violations.