ACV Ordered to Ready Long Thanh Airport for Operation Before 31 December 2026
This Aveluro analysis covers ACV on UPCOM in the Industrial Goods & Services sector. The classified event type is macro policy, with positive sentiment and a deterministic market-impact score of 8.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Vĩ mô đầu tư, classified as a primary/top-tier source.
Key Facts
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Overview
Deputy Prime Minister Phạm Gia Túc has instructed ministries, localities and Tổng Công ty Cảng hàng không Việt Nam (ACV) to review the plans and conditions needed to bring Long Thanh International Airport phase 1 into operation before 31 December 2026. The directive, issued through Government Office document 11272/VPCP-CN dated 5 November 2026, places explicit accountability on agencies that allow delays. For ACV, the UPCOM-listed airport operator, the instruction converts a construction deadline into an operating-readiness deadline covering security, safety and commercial launch.
Key Facts
- Government Office document 11272/VPCP-CN, dated 5 November 2026, conveys the directive from Permanent Deputy Prime Minister Phạm Gia Túc.
- Target date: Long Thanh International Airport phase 1 must be operational before 31 December 2026.
- The Ministry of Construction is to direct ACV to build an operating plan ensuring absolute security, safety, feasibility and efficiency.
- The Ministry of Construction will chair a review with the Ministry of Public Security, Ministry of National Defence, Ministry of Finance, ACV and related agencies.
- The directive references prior reports from the Ministry of Construction, numbered 410/BC-BXD (20 October 2026) and 424/BC-BXD (27 October 2026).
- The Ministry of Finance is to keep its working group supporting ACV in resolving payment difficulties under the project.
- Đồng Nai and Hồ Chí Minh City authorities are to review fuel and material supply capacity to prioritise the project.
- ACV last closed at VND 39,600 on 5 November 2026.
What Happened
The directive follows two October reports from the Ministry of Construction on the status of the Long Thanh phase 1 investment. In response, the Deputy Prime Minister asked ministries, sectors, localities and related agencies to comply strictly with earlier Government leadership instructions, including Notice 516/TB-VPCP of 7 October 2026 and Government Office documents 8871, 9083, 10504 and 10768 issued between late August and late October 2026. Agencies are to be held responsible before the Government and the Prime Minister if delays in their assigned tasks affect the project’s progress or completion.
On core tasks, the Ministry of Construction is to direct ACV to prepare an operating plan that guarantees security, safety, feasibility and efficiency. The ministry will lead a review with the Ministry of Public Security, Ministry of National Defence, Ministry of Finance, ACV and other agencies to assess the necessary plans and conditions for phase 1 to enter operation before 31 December 2026, and is to report issues beyond its authority to higher levels. Separately, the Ministry of Finance’s working group is to continue helping ACV resolve payment bottlenecks, while Đồng Nai and Hồ Chí Minh City are to review local fuel and material supply to prioritise the project. The document does not disclose the project’s remaining capital requirement or a revised total investment figure.
Market Context
ACV trades on UPCOM, Vietnam’s unlisted public company market, and closed at VND 39,600 on 5 November 2026. As the state-owned operator of the country’s existing international airports, ACV is the entity that will run Long Thanh once complete, making the schedule directive a direct operational and capex signal rather than a peripheral policy item. The instruction sits within a broader Vietnamese infrastructure push in which the Government has repeatedly used dated directives and personal accountability to compress timelines on national transport projects, spanning construction, logistics and airport capacity themes.
Strategic Significance
The investment case for ACV rests on Long Thanh becoming the country’s principal long-haul gateway and relieving capacity pressure at Tân Sơn Nhất. A firm pre-31 December 2026 operating deadline shifts the question from whether the airport is built to whether ACV can staff, certify and commercialise it on schedule, including security screening, air traffic coordination and ground handling arrangements. The explicit accountability clause raises the cost of slippage for the operator and its supervising ministries, while the Ministry of Finance’s involvement in payment issues points to lingering cash-flow friction between ACV and contractors. For long-term holders, the key variable is the pace at which phase 1 capacity converts into aeronautical and non-aeronautical revenue.
What to Watch
- ACV’s formal operating plan submission to the Ministry of Construction and its disclosed timeline for trial operations.
- Minutes or outcomes of the joint review with the Ministry of Public Security, Ministry of National Defence and Ministry of Finance.
- Resolution of ACV’s payment issues with contractors under the Ministry of Finance working group.
- Any update to the phase 1 completion schedule or capital plan in ACV’s next financial disclosure.
- Fuel and material supply commitments from Đồng Nai and Hồ Chí Minh City authorities.