At a press briefing held on April 3 for the first quarter of 2026, representatives of the Police Department for Corruption, Economic Crimes and Smuggling (C03) under the Ministry of Public Security confirmed that a case has been initiated, along with criminal proceedings against several individuals.

The charges include “violations of bidding regulations causing serious consequences”, “offering bribes” and “receiving bribes”.

According to C03, investigative forces are currently intensifying efforts to clarify the nature and extent of wrongdoing among those involved.

Earlier, on March 4, ACV disclosed in an extraordinary report submitted to the Hanoi Stock Exchange that it had received official notice from the Ministry of Public Security regarding the detention of two senior executives.

Those detained include Chairman Vu The Phiet and board member and Deputy General Director Nguyen Tien Viet. Both are under investigation for alleged violations of bidding regulations that caused particularly serious consequences, including receiving payments in exchange for facilitating contract awards.

ACV currently has a charter capital of more than VND35,828 billion (US$1.46 billion) and plays a central role in managing, investing in and developing airport infrastructure across Vietnam.

The corporation is responsible for managing and operating 22 out of 23 airports nationwide. These include 10 international airports such as Tan Son Nhat, Noi Bai, Da Nang, Vinh, Cat Bi, Phu Bai, Cam Ranh, Phu Quoc, Can Tho and Lien Khuong.

In addition, ACV oversees 12 domestic airports, including Buon Ma Thuot, Rach Gia, Ca Mau, Con Dao, Phu Cat, Pleiku, Tuy Hoa, Chu Lai, Dong Hoi, Dien Bien, Tho Xuan and Na San, which is currently not in operation.

Beyond airport operations, ACV also holds stakes in multiple subsidiaries, joint ventures and affiliated companies within the aviation sector.

The corporation is also the main investor in the Long Thanh International Airport project, a key national infrastructure initiative with a total estimated investment of VND336 trillion (US$13.7 billion).

The first phase alone, undertaken by ACV, carries an investment of nearly VND110 trillion (US$4.5 billion), with a designed capacity of 25 million passengers and 1.2 million tonnes of cargo annually.

Recently, the Ministry of Construction assigned ACV to continue as the investor for phase two of the project, excluding certain technical infrastructure components required for flight operations.

The investigation remains ongoing as authorities continue to examine the case in detail.

Tran Hieu