Airports Corporation of Vietnam reports losses for the first timeVietNamNet Bridge – The Airports Corporation of Vietnam (ACV) has announced a loss of VND123.7 billion in the second quarter, the first time since its establishment. AVC is managing 22 airports and up to 65% of its revenue comes from the sale of duty-free goods at airports. In the second quarter financial report, ACV said that losses caused by exchange rate difference is VND1,379 billion, accounting for 98% of the financial cost. ACV was one of the key enterprises of the Vietnam aviation industry, which manages all civil airports in the country. ACV was founded in early 2012 through the merger of the airports corporation of the Northern, Central and Southern regions.

Source: VietNamNet News September 08, 2016 08:15 UTC