Private investors are lining up to invest in aviation.

Not only are aviation infrastructure concession projects attracting investor interest, but the list of businesses wanting to secure a stake in new construction projects is also growing.

The Airports Corporation of Vietnam (ACV) has just reported to the Ministry of Transport on the progress of implementing projects for the socialization of investment in aviation infrastructure, noting that more than a dozen investors have expressed particular interest.

The project currently attracting the most interest from private investors is the construction of the international passenger terminal at Cam Ranh Airport (Khanh Hoa province). With a total investment of 2,000 billion VND, the project has quite stringent conditions for selecting investors, such as requiring businesses to fully invest the project within 3 months of reaching a capital contribution agreement. Furthermore, after recouping their investment, investors must transfer their shares back to ACV at a price of 0 VND.

The Cam Ranh International Passenger Terminal project is attracting considerable interest from investors.

Nevertheless, as of mid-September 2015, six out of eight businesses/consecutive investors had submitted applications to ACV after previously expressing interest in participating. Among these were many familiar names in the aviation industry, such as the Pacific Rim Import-Export Company of Mr. Jonathan Hạnh Nguyễn and the joint venture of Vietjet Air and Ho Chi Minh City Development Bank (HDBank).

In addition, there are several large companies that have participated in many BOT transportation projects, such as Yen Khanh Company, IMICO Petroleum Construction and Investment Company, etc.

At the Tan Son Nhat airport domestic terminal parking garage project, there are currently three businesses ready to participate as shareholders in the plan to establish a joint-stock company in which ACV will contribute 20% of the capital.

The list of contributing investors includes General Corporation 319 (Ministry of National Defense), Dong Asia Infrastructure Company, and Vina-Invest Investment Joint Stock Company. This five-story parking garage project is expected to cost nearly 460 billion VND. The investors will have 12 years and 9 months to recoup their investment and then transfer it back to ACV for 0 VND.

Another project that has attracted interest from more than one investor is the Cat Bi Airport cargo terminal. In the middle of this year, both Vietjet Air and Hop Thanh Mineral Joint Stock Company expressed interest in developing it independently. However, recently the two companies have again expressed their desire to collaborate on the project.

In addition, the Noi Bai T2 car park project is also being explored by businesses for investment opportunities. According to ACV, the company is currently working with a consortium comprising SCIC Investment Company Limited, HJC Joint Stock Company, and Trung Thanh Joint Stock Company to negotiate cooperation terms.

Previously, the Phu Quoc airport concession project also witnessed a race between two major private companies: Lien Thai Binh Duong Group and T&T Group, owned by Mr. Do Quang Hien.

According to VnExpress