ACV Appoints Acting General Director Amid Long Thanh Airport Push
This Aveluro analysis covers ACV (Cảng Hàng không Việt Nam) in the Transportation sector. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Bất động sản, classified as a primary/top-tier source.
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Overview
ACV (Tong Cong ty Cang Hang khong Viet Nam - CTCP) has appointed Mr. Nguyen Duc Hung as Acting General Director, effective May 14, 2026. The appointment follows a directive from Prime Minister Le Minh Hung to complete leadership restructuring and resolve payment bottlenecks for the Long Thanh airport project, which is targeted for completion in 2026.
Key Facts
- ACV appointed Mr. Nguyen Duc Hung as Acting General Director on May 14, 2026, per Board Resolution No. 276/QD-HDQT.
- Mr. Hung previously served as Deputy General Director in charge of ACV since February 2, 2026.
- The Prime Minister, at a meeting on May 4, 2026, ordered the urgent completion of the Chairman and General Director positions at ACV.
- The PM also demanded resolution of payment issues for contractors to ensure the Long Thanh airport project finishes in 2026.
- Mr. Hung holds a Master’s degree in Business Administration and Electronics & Telecommunications, with nearly 20 years in aviation.
- He was Director of Noi Bai International Airport from 2017 before becoming ACV Deputy General Director in 2020.
- ACV shares closed at VND 44,000 on May 15, 2026, down 1.12% with volume of 764,600.
What Happened
ACV announced the appointment of Mr. Nguyen Duc Hung as Acting General Director, effective May 14, 2026, based on a decision from the Board of Directors. Mr. Hung, previously Deputy General Director in charge, had been temporarily overseeing ACV’s executive board since February 2, 2026.
The leadership change comes after a meeting on May 4, 2026, where Prime Minister Le Minh Hung directed ACV to quickly fill the Chairman and General Director positions and resolve payment issues for contractors working on the Long Thanh airport project. The PM emphasized the need to ensure the project’s completion within 2026.
Market Context
ACV shares closed at VND 44,000 on May 15, 2026, down 1.12% on volume of 764,600 shares. The stock trades on HOSE. The appointment addresses a key governance gap at ACV, which is central to Vietnam’s aviation infrastructure expansion, particularly the Long Thanh airport project. The market will watch for further progress on project milestones and contractor payments.
Strategic Significance
The appointment of a permanent leadership figure at ACV is critical for the timely execution of the Long Thanh airport project, Vietnam’s largest aviation infrastructure undertaking. Resolving payment issues with contractors is essential to maintain construction momentum and avoid delays. A stable management team enhances ACV’s ability to manage capital expenditure and operational transitions, supporting long-term growth in passenger traffic and airport services.
What to Watch
- Progress on contractor payments and construction milestones for Long Thanh airport.
- Any further leadership appointments, including the Chairman position.
- ACV’s Q2 2026 earnings report for updates on financial performance and project costs.
- Regulatory approvals and funding arrangements for Long Thanh airport.
- ACV’s stock price reaction to governance stability and project updates.