$1.25 bln Danang airport upgrade to handle 30 mln passengers

By Tri Duc
Tue, November 22, 2022 | 4:03 pm GMT+7

The central city of Danang plans to mobilize VND30,999 billion ($1.25 billion) for upgrading and tripling its airport’s capacity to 30 million passengers a year by 2050.

Danang International Airport. Photo courtesy of Airports Corporation of Vietnam.

Danang International Airport. Photo courtesy of Airports Corporation of Vietnam.

In a proposal sent to the Ministry of Transport, the central city says the current overload is degrading airport facilities. The plan is to have it serve 25 million passengers annually by 2030. By 2050, it would be able to handle 30 million passengers and 200,000 tons of goods a year.

To achieve these targets, municipal authorities want to build a new airstrip, expand the apron to 92 positions, enlarge domestic terminal (T1), build a new 15-million passenger terminal (T3), and construct new cargo terminals.

The airport is set to serve E-class aircraft or below, like the Boeing 747, 777, 787, Airbus 320, 321 and 350. It can also function as reserve destinations for level-1 military aircraft and F-class planes, such as the Boeing 747-8.

Many localities in Vietnam eye private investment in airports, with Phu Cat in Binh Dinh the latest name to receive the Ministry of Transport's support. Earlier, the south-central province said it plans to upgrade its airport into an international facility with an annual capacity of five million passengers in 2030 and 12 million in 2050.

In September, the Prime Minister set up a working group to study private investment in Na San airport in the northern province of Son La, Vinh airport in the central province of Nghe An, Chu Lai airport in the central province of Quang Nam, and Can Tho airport in the southern city of Can Tho.

In June, the central province of Thanh Hoa proposed the upgrade of Tho Xuan airport in private-public partnership (PPP) format, in order to ease the expected overload of serving 1.4 million passengers in 2022, beyond its capacity of 1.2 million passengers.

In March, the Central Highlands province of Lam Dong, known for Da Lat town as a major tourism attraction, suggested the expansion of Lien Khuong airport to five million passengers a year with a mobilization of VND4,300 billion ($173.63 million) per PPP format.

The central province of Quang Binh also eyes private investment in Dong Hoi airport, as soon as the Airports Corporation of Vietnam (ACV) announced it could not allocate resources for its project of investing VND2,200 billion ($88.83 million) to upgrade the airport.

Comments (0)
  • Read More
Vietsovpetro plans $484 mln investment to further exploit White Tiger oil field

Vietsovpetro plans $484 mln investment to further exploit White Tiger oil field

Vietnam-Russia joint venture Vietsovpetro plans to invest VND12.5 trillion ($483.6 million) to further develop the Bach Ho (White Tiger) oil field, the largest of its kind in Vietnam.

Energy - Sat, June 21, 2025 | 2:46 pm GMT+7

HP to invest more in Vietnam, at faster pace: exec

HP to invest more in Vietnam, at faster pace: exec

HP Inc., the world's leading producer of personal computers and printers, is looking to expand its supply chain in Vietnam for an annual export of $2-3 billion.

Economy - Sat, June 21, 2025 | 10:14 am GMT+7

Vietnam Deputy PM calls on Russian firms to scale up investment in energy, digital technology, pharmaceuticals

Vietnam Deputy PM calls on Russian firms to scale up investment in energy, digital technology, pharmaceuticals

Deputy Prime Minister Le Thanh Long has urged Russian businesses to ramp up investment in Vietnam’s energy, oil & gas, digital technology, AI, and pharmaceutical sectors.

Economy - Sat, June 21, 2025 | 8:38 am GMT+7

WB approves $2.1 bln investment to support Indonesia’s growth

WB approves $2.1 bln investment to support Indonesia’s growth

The World Bank has announced a $2.1 billion financing package for Indonesia, backing two key projects that aim to help the country achieve its goal of becoming a high-income nation by 2045.

Southeast Asia - Sat, June 21, 2025 | 12:01 am GMT+7

Deputy PM invites Chinese firms to invest in renewable energy in Vietnam

Deputy PM invites Chinese firms to invest in renewable energy in Vietnam

Deputy Prime Minister Tran Hong Ha has called on Chinese energy companies to propose specific projects that will help meet the growing electricity demand in northern Vietnam.

Economy - Fri, June 20, 2025 | 10:57 pm GMT+7

Vietnam makes all-out push to avert 46% US tariff: Deputy PM

Vietnam makes all-out push to avert 46% US tariff: Deputy PM

The Vietnamese government is making all efforts to prevent the proposed 46% U.S. tariff on Vietnamese exports from taking effect, said Permanent Deputy Prime Minister Nguyen Hoa Binh.

Economy - Fri, June 20, 2025 | 4:13 pm GMT+7

AIA Vietnam launches AIA Pink Journey - A Journey of Love initiative

AIA Vietnam launches AIA Pink Journey - A Journey of Love initiative

AIA Vietnam has launched the AIA Pink Journey - A Journey of Love, a meaningful community initiative aimed at raising awareness and supporting Vietnamese women in the prevention and early detection of breast cancer.

Companies - Fri, June 20, 2025 | 3:48 pm GMT+7

Vietnamese billionaire Pham Nhat Vuong transfers more Vingroup shares to VinEnergo, VinSpeed

Vietnamese billionaire Pham Nhat Vuong transfers more Vingroup shares to VinEnergo, VinSpeed

Pham Nhat Vuong, chairman of Vietnam’s leading private conglomerate Vingroup (HoSE: VIC), has transferred part of VIC shares he owns to newly-founded companies VinEnergo and VinSpeed, where he holds controlling stakes.

Companies - Fri, June 20, 2025 | 2:07 pm GMT+7

Vietnam wants to work with US on developing harmonious rules on goods origin: Minister

Vietnam wants to work with US on developing harmonious rules on goods origin: Minister

Vietnam wants, together with the U.S., to develop a set of practical and harmonious rules on goods origin that is suitable to global supply chains, said Vietnam’s Minister of Industry and Trade Nguyen Hong Dien.

Economy - Fri, June 20, 2025 | 1:10 pm GMT+7

Viglacera to expand industrial park portfolio with new subsidiary in northern Vietnam

Viglacera to expand industrial park portfolio with new subsidiary in northern Vietnam

Viglacera, Vietnam's leading construction material producer and industrial real estate developer, will set up a company in the northern province of Hung Yen to expand its industrial park portfolio.

Industrial real estate - Fri, June 20, 2025 | 9:24 am GMT+7

Vietnam’s leading expressway builder VEC secures huge capital boost

Vietnam’s leading expressway builder VEC secures huge capital boost

State-owned expressway developer Vietnam Expressway Corporation (VEC) has been approved to have its charter capital increase by VND38.25 trillion from the 2023 level to VND39.4 trillion ($1.57 billion) for the 2024-2026 period.

Companies - Fri, June 20, 2025 | 8:40 am GMT+7

Indonesia invites Dutch firms to join Java giant sea wall project

Indonesia invites Dutch firms to join Java giant sea wall project

Indonesian Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono has invited Dutch business actors to support its project to build a giant 500km sea wall along Java’s northern coastline - one of President Prabowo Subianto’s initiatives.

Southeast Asia - Thu, June 19, 2025 | 11:35 pm GMT+7

Sun Group subsidiary okayed as investor of Phu Quoc International Airport expansion project

Sun Group subsidiary okayed as investor of Phu Quoc International Airport expansion project

Sun Airport Corporation, a subsidiary of Sun Group, has been approved as investor of the Phu Quoc International Airport expansion project in southern Vietnam.

Companies - Thu, June 19, 2025 | 11:13 pm GMT+7

Construction major Xuan Truong looks to build airport in northern Vietnam

Construction major Xuan Truong looks to build airport in northern Vietnam

Xuan Truong, a prominent Vietnamese construction firm, has proposed developing an international airport in Nam Dinh province, which will be merged with Ninh Binh and Ha Nam provinces this year.

Infrastructure - Thu, June 19, 2025 | 4:56 pm GMT+7

International financial center to significantly facilitate global capital access for Vietnam: StanChart exec

International financial center to significantly facilitate global capital access for Vietnam: StanChart exec

An international financial center could significantly improve access to global capital for Vietnamese enterprises, especially if it is managed by a unified regulatory body, said Nguyen Thuy Hanh, CEO and head of Banking and Coverage at Standard Chartered Vietnam.

Economy - Thu, June 19, 2025 | 4:09 pm GMT+7

Southern Vietnam's incomplete VSIP Can Tho Industrial Park attracts $300 mln in FDI

Southern Vietnam's incomplete VSIP Can Tho Industrial Park attracts $300 mln in FDI

VSIP Can Tho Industrial Park, located in the Mekong Delta city of Can Tho, has attracted four tenants, with total registered investment capital of $300 million, despite it still being under construction.

Industrial real estate - Thu, June 19, 2025 | 3:09 pm GMT+7