ACV Appoints Nguyen Duc Hung as Acting General Director, Filling Vacancy Since Sep 2024

Overview

ACV (Airports Corporation of Vietnam) has appointed Mr. Nguyen Duc Hung as acting General Director, effective immediately, filling a position that had been vacant since September 2024. The decision was signed by acting Chairman of the Board Le Van Khien. Hung, 48, holds a master’s degree in business administration and electronics telecommunications, and had been serving as Deputy General Director in charge of the executive board since February 2026.

Key Facts

• Mr. Nguyen Duc Hung appointed acting General Director of ACV on May 15, 2026.
• The General Director position had been vacant since September 2024.
• Hung previously served as Deputy General Director in charge of the executive board from February 2026.
• ACV has total assets of over VND 90,500 billion and charter capital of nearly VND 35,830 billion.
• The Ministry of Finance holds 95.4% of ACV’s shares.
• ACV is the investor of the Long Thanh International Airport project, Phase 1 with total investment of about VND 336,630 billion.
• In January 2026, ACV was assigned as investor for Phase 2 of Long Thanh, adding a runway, a passenger terminal (25 million passengers/year), and supporting facilities.

What Happened

On the afternoon of May 15, 2026, ACV announced a change in senior leadership. According to a decision signed by acting Chairman Le Van Khien, Mr. Nguyen Duc Hung was assigned as acting General Director until the competent authority completes the appointment of a permanent General Director. Hung, born in 1978, holds a master’s degree in business administration and electronics telecommunications. Prior to this appointment, he had been Deputy General Director in charge of the executive board since early February 2026.

The General Director position at ACV had been vacant since September 2024. During that period, operational management was delegated to deputy general directors overseeing the executive board. The announcement comes as ACV continues to manage major airports nationwide, including Noi Bai, Tan Son Nhat, and Da Nang, and leads the development of the Long Thanh International Airport project.

Market Context

ACV shares closed at VND 44,000 on May 15, 2026, down 1.12% with volume of 764,600 shares on HOSE. The stock has been under pressure amid broader market weakness and uncertainty over leadership. ACV is a state-owned enterprise with 95.4% held by the Ministry of Finance, making it a key infrastructure play in Vietnam’s aviation sector. The appointment provides clarity on management succession, which may support investor sentiment.

Strategic Significance

The appointment of a permanent acting General Director ends a period of leadership uncertainty that had persisted for over eight months. As ACV manages the majority of Vietnam’s airports and is the lead investor for the Long Thanh International Airport mega-project (total investment over VND 336,630 billion for Phase 1 alone), stable leadership is critical for project execution and operational continuity. The new acting General Director’s background in business administration and telecommunications may also signal a focus on operational efficiency and technology integration.

What to Watch

• Confirmation of a permanent General Director by the competent authority.
• ACV’s 2026 business plan and shareholder meeting timeline.
• Progress updates on Long Thanh International Airport Phase 1 and Phase 2 construction milestones.
• Any further regulatory or disciplinary actions related to the Central Inspection Committee’s review of violations at ACV.
• Quarterly earnings reports to assess operational performance under new management.