Wednesday, 13 June 2018 15:02

ACV and National Bank of Canada signed a Memorandum of Understanding (MoU) on technical assistance to enhance management of, investment in and operation of airports

On 8th June, 2018, Mr. Le Manh Hung , General Director of Airports Corporation of Vietnam (ACV) and Mr. Vincent Joli-Coeur, Vice Chairman of National Bank of Canada (NBC) signed a Memorandum of Understanding (MoU) on “technical assistance to enhance management of, investment in and operation of airports" under the witness of Prime Minister Nguyen Xuan Phuc and Deputy Minister of Transport Le Dinh Tho to celebrate the 45th anniversary of the establishment of diplomatic relations between Vietnam and Canada (1973 - 2018) as well as the official visit to Canada (7th June – 10th June, 2018) by Prime Minister Nguyen Xuan Phuc at the invitation of Canadian Prime Minister Justin Trudeau and to attend the G7 Summit in Canada.

On 8th June, 2018, Mr. Le Manh Hung and Mr. Vincent Joli-Coeur signed a MoU on “technical assistance to enhance management of, investment in and operation of airports" under the witness of Prime Minister Nguyen Xuan Phuc. 

The NBC will collaborate with experts from various aviation sectors including Finance, Airport Operation, Legislation and Administration in implementing this “Technical assistance” in order to provide thorough technical advice to ACV.

This team will be expected to effectively work with Vietnamese Ministry of Transport and ACV to achieve the "Technical Assistance" targets by the end of 2018.

The primary objectives of this cooperation are to find out sustainable financial solutions and airport operation; to materialize airport competency for some key airports namely, Long Thanh International Airport as well as the expansion of Noi Bai International Airport and Tan Son Nhat International Airport. Furthermore, this practice also supports the action plan for Green Aviation of Vietnam in the period of 2017- 2020.

At the signing ceremony, ACV and NBC pledged to adhere to the highest ethical standards in the implementation of this cooperation.

Legal- International Cooperation Department