Vietnam Airports Corporation (ACV) reported Q3 2025 financial results with a revenue of 6.476 trillion VND, up 15% year-on-year, and a net profit of 3.210 trillion VND, up 37%. For the first nine months of the year, total revenue reached 19.167 trillion VND and profit hit 8.936 trillion VND, up 14% and 5%, respectively. Revenue from aviation services grew significantly due to an increase in international passenger volume. VCBS predicts continued revenue growth for ACV, driven by ongoing infrastructure projects, particularly at Tan Son Nhat and Noi Bai airports. However, pressure may arise when Long Thanh airport’s phase 1 opens in mid-2026. ACV is also optimistic about recording a positive profit thanks to a reversal of exchange rate losses of about 600 billion VND, as the JPY/VND exchange rate trends stabilize. Total revenue for 2025 is expected to reach 19.223 trillion VND, with profits at 8.936 trillion VND.
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