08:05 (GMT +7) - Wednesday 15/08/2018

Business

SASCO the leading airport services provider

Released at: 13:58, 22/05/2018 Vietnam golden dragon awards & Vietnam Excellent Brand Awards

SASCO the leading airport services provider

Photo: SASCO

Company develops airport services of international standard during its 25 years operating Tan Son Nhat International Airport in HCMC.

by Khanh Chi

Over the course of 25 years, the Southern Airports Services JSC (SASCO) has proven itself to be the most competent player in the field of airport services in Vietnam. With only $400,000 in initial capital, it has grown into one of the Top 50 businesses in the country as ranked by VNR 500. Its current net worth is estimated at over $92 million and its market capitalization stands at nearly $176 million. 

Annual growth is constantly in the double digits and averages 16.4 per cent in revenue and 14.2 per cent in profit. 2017 saw rapid growth in Vietnam’s aviation sector, which facilitated a total of more than $110 million in revenue and $15.33 million in profit for SASCO. 

The number of inbound and outbound flights at Tan Son Nhat International Airport continually increases. In 2017 alone it welcomed more than 36 million passengers. The International Civil Aviation Organization (ICAO) has predicted that, by 2030, the number of boarding passengers will likely surpass 50 million.

With the growing number of passenger arrivals, SASCO has made significant renovations to the airport and improvements to services to guarantee customer satisfaction. Improvements to ground services, combining the characteristics of Ho Chi Minh City’s cultural scene with comfort and modern appeal, will help boost the national tourism industry while making Tan Son Nhat one of the more competitive airports in the Southeast Asian region.

SASCO has also upgraded the Business Lounge, with the opening of Le Saigonnais in 2017 during its 24th anniversary. Le Saigonnais is a business lounge exuding the characteristic features of Ho Chi Minh City, from architectural aesthetics to food and beverage services, topped off with the well-known hospitality of the local people, guaranteeing a unique cultural experience for tourists.

SASCO is currently running one of the ten most reputable retail chains in the country, with 20 duty-free stores of international standard selling more than 12,000 items from international well-known brands. The shopping precinct has proven to be the most commercially attractive area in the airport. Boasting more than 30,000 traditional handicraft items and regional Vietnamese specialties, SASCO Shop provides enjoyable shopping for tourists. 

Housing many familiar food and beverage chains, such as + 84 Café, Fresh 2go, The Phoenix, and others, SASCO’s catering service continually renews its menus to cater to changing customer tastes. The establishment of Pho Cho in the domestic terminal in early 2018 has introduced tourists to the internationally-praised street food prevalent in Vietnam. 

Utility services have also been actively invested in since 2017. Sleep zones and playgrounds for children have been nationally and internationally acclaimed and were decisive factors in getting Tan Son Nhat into 21st position in the Top 25 Most Sleep-Friendly Airports and 19th in the Top 25 Best Airports for Layovers.

SASCO also focuses on incorporating technological advances into its commercial services. A digital wallet payment service for Asian tourists traveling to Vietnam was established in 2017, making Tan Son Nhat the first-ever airport in Vietnam to utilize such technology.

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