ACV appoints acting CEO Nguyen Duc Hung amid leadership shakeup
This Aveluro analysis covers ACV (Cảng Hàng không Việt Nam) in the Transportation sector. The classified event type is leadership change, with negative sentiment and a deterministic market-impact score of 5.0/10. Aveluro classifies this story as a negative catalyst and risk signal for the affected stock. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
ACV (Airports Corporation of Vietnam) has appointed Nguyen Duc Hung as acting CEO, following a series of senior leadership changes triggered by the prosecution of former acting CEO Nguyen Tien Viet for serious bidding violations. The appointment is part of a broader restructuring to stabilize management and accelerate the Long Thanh airport project.
Key Facts
- ACV appointed Nguyen Duc Hung as acting CEO, effective from an unspecified date in May 2026.
- Hung previously served as Deputy General Director and was assigned to oversee the Executive Board from February 2, 2026.
- Former acting CEO Nguyen Tien Viet was prosecuted for violating bidding regulations, causing especially serious consequences, and accepting bribes to favor contractors.
- In March 2026, ACV appointed Le Van Khien as acting Chairman of the Board and legal representative, replacing Vu The Phiet.
- ACV manages and operates over 20 airports nationwide and is the main investor for the Long Thanh airport project phase 1.
- The Prime Minister has urged ACV to quickly fill key leadership positions and resolve payment issues with contractors at Long Thanh.
- ACV stock closed at VND 44,000 on May 15, 2026, down 1.12% with volume of 764,600 shares.
What Happened
ACV announced the appointment of Nguyen Duc Hung as acting CEO, completing a leadership overhaul following the prosecution of former acting CEO Nguyen Tien Viet. Hung, born in 1978, holds a master’s degree in Business Administration and Electronics & Telecommunications. He had been overseeing the Executive Board since February 2 after Viet’s legal troubles emerged.
Earlier in March, ACV appointed Le Van Khien as acting Chairman and legal representative, replacing Vu The Phiet. These changes come amid pressure from the Prime Minister to stabilize management and address contractor payment issues at the Long Thanh airport project. The Ministry of Public Security has also been directed to expedite investigations into bidding violations while ensuring project timelines are maintained.
Market Context
ACV shares closed at VND 44,000 on May 15, down 1.12%, reflecting investor caution amid the leadership turmoil. The stock trades on HOSE and has been under pressure due to uncertainties surrounding the Long Thanh project and governance issues. The broader aviation sector has been recovering post-pandemic, but ACV’s operational challenges have weighed on sentiment.
Strategic Significance
The leadership restructuring is critical for ACV to regain investor confidence and execute its flagship Long Thanh airport project, Vietnam’s largest infrastructure undertaking. The appointment of a permanent CEO provides operational stability, but the ongoing investigation into bidding violations could lead to further reputational and financial risks. ACV’s ability to resolve contractor disputes and meet project milestones will be closely watched by the market.
What to Watch
- Progress of the criminal investigation into former acting CEO Nguyen Tien Viet and any further implications for ACV.
- ACV’s Q2 2026 earnings report, which will reflect the impact of leadership changes and project execution.
- Updates on Long Thanh airport construction milestones and contractor payment resolutions.
- Any additional senior management appointments or departures as the restructuring continues.
- Regulatory developments from the Ministry of Transport and Ministry of Public Security regarding bidding practices.