Airport in central Vietnam province Dak Lak to be upgraded
Tuy Hoa Airport in the former central province of Phu Yen (now Dak Lak) will be upgraded to the International Civil Aviation Organization’s (ICAO) 4C standards, with a capacity of 3 million passengers per year by 2030.
Airports built to ICAO 4E standards are designed to accommodate large wide-body aircraft such as the Boeing 777, Boeing 787 Dreamliner, Airbus A330, and Airbus A350.
The south-central coastal province of Phu Yen and the Central Highlands province of Dak Lak were recently merged to form the new Dak Lak.
Tuy Hoa Airport in Dak Lak province, central Vietnam. Photo courtesy of Dau tu (Investment) newspaper.
Under a proposal submitted by the Civil Aviation Authority of Vietnam (CAAV) to the Ministry of Construction regarding the development plan for Tuy Hoa Airport for the 2021-2030 period, with a vision to 2050, the airport, located in Phu Yen ward, is designated as a domestic airport, serving both civil and military purposes.
By 2030, it will accommodate aircraft such as the Airbus A320, A321, Boeing 737, and other Code B aircraft. The runway 03L/21R will support basic two-way landing approaches.
A new passenger terminal (T2) with a floor area of approximately 20,400 square meters will be constructed southwest of the current terminal (T1) to meet the projected demand. The apron will be expanded both north and south to provide at least 11 Code C and three Code B aircraft stands.
Additionally, a portion of the existing T1 terminal will be temporarily repurposed as a cargo terminal, pending future expansion.
Long-term vision to 2050
By 2050, the airport’s capacity is expected to increase to 5 million passengers per year, with enhanced approach procedures including CAT I instrument landing capabilities on both runways.
The plan includes construction of a second runway (03R/21L), approximately 304.8 meters southeast of the current one; expansion of the apron to the northwest, increasing aircraft parking to 18 Code C and 8 Code B stands; expansion of the T2 terminal northeastward (on the site of the current T1), adding 12,000 sqm of floor area; and construction of a new dedicated cargo terminal (26,160 sqm) adjacent to the existing T1 terminal, capable of handling at least 3,500 tons of cargo per year.
The total land area required for Tuy Hoa Airport by 2050 is estimated at 691.11 hectares, including: 30.51 ha for civil aviation use, 339.91 ha for military purposes, and 320.69 ha designated for dual use.
Meeting growing demand
The plan aligns with Vietnam's national airport development master plan approved by the Prime Minister under Decision No. 648/QĐ-TTg dated June 7, 2023, which outlines a target of 3 million passengers by 2030 and 5 million by 2050 for Tuy Hoa Airport.
The urgency of updating the airport planning stems from the fact that the previous plan has expired and is no longer suitable. While it targeted only 300,000 passengers annually by 2025, the airport already handled 432,219 passengers in 2024, far surpassing its design capacity.
In addition, rapid urban development around the airport area underscores the need for clear boundary demarcation and land-use control to balance socio-economic development with national defense and aviation safety.
“Updating the master plan for Tuy Hoa Airport is both necessary and urgent,” a CAAV leader emphasized. “It ensures alignment with the national airport network development master plan while supporting regional economic growth and security priorities.”
- Read More
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7
Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities
Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.
Economy - Thu, May 7, 2026 | 5:04 pm GMT+7
Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules
Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.
Economy - Thu, May 7, 2026 | 4:09 pm GMT+7
Prudential Vietnam remits $194 mln in retained earnings to parent company
Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.
Finance - Thu, May 7, 2026 | 3:33 pm GMT+7
















