Vietnam Airports Corporation (ACV) is facing potential capital loss from its investment in Cam Ranh International Terminal JSC (CRTC). With an investment of 60 billion VND, ACV holds 10% equity in CRTC but has fully provided for this investment. CRTC, established in 2016, reported accumulated losses of 1.6 trillion VND, with a net loss of 469 billion VND in 2020, which continued to increase in subsequent years. However, CRTC anticipates a net profit of 336 billion VND in 2024, returning to pre-pandemic levels. Cam Ranh Airport served 4.3 million passengers in 2024, exceeding planned targets. CRTC has partnered with Changi Airport International to incorporate advanced management technologies at the airport. Pre-pandemic, the airport attracted 6.8 million passengers per year. However, ACV still struggles to recover the investment.
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