Vietnam Airports Corporation (ACV) has just announced its business results for the first half of 2025, expecting a revenue of 11.7 trillion VND, up 19% compared to the same period in 2024. However, pre-tax profit (PBT) decreased by 14% to 5.9 trillion VND due to an exchange rate loss of 1 trillion VND, while in 2024, there was an exchange rate gain of 524 billion VND. The exchange rate of JPY/VND is forecasted to continue to rise, with ACV anticipating an exchange rate loss of 1.7 trillion VND in 2025. Despite the exchange rate loss, core revenue is expected to increase to 21.6 trillion VND (+8.6%). The number of passengers is projected to rise by 8% to 119 million. ACV also updated on major projects like Long Thanh International Airport, expected to operate in 2026. Regarding bad debts, ACV is managing well with automatic collection and plans to distribute a 65% stock dividend, expected to complete in the second half of 2025.
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