Binh Dinh targets upgrade for provincial airport

By Tri Duc
Fri, November 4, 2022 | 4:29 pm GMT+7

The central coastal province of Binh Dinh plans to upgrade its Phu Cat Airport into an international facility with an annual capacity of five million passengers in 2030 and 12 million in 2050.

Phu Cat Airport in Binh Dinh province, south-central Vietnam. Photo courtesy of Today magazine

Phu Cat Airport in Binh Dinh province, south-central Vietnam. Photo courtesy of Today magazine

The upgrade is part of the province’s draft plan for the decade, which includes a gross regional domestic product (GRDP) growth of 9.5-10% per year in 2021-2030.

Binh Dinh also aims to build a section of the future high-speed North-South Railway project with vision until 2050 and an urban railway line connecting Quy Nhon town with Cat Tien township and Phu Cat Airport.

Quy Nhon is Binh Dinh's political and economic hub and one of the country's top tourist attractions.

Another major part of the plan is improving urban, industrial and information infrastructure, especially in the economic hubs of Quy Nhon town, An Nhon township and Nhon Hoi Economic Zone.

With the aim of becoming a coastal economic hub in the country, Binh Dinh will focus on developing manufacturing, tourism, logistics, transportation and hi-tech agriculture while promoting urbanization sustainably.

Phu Cat is currently a civil-military airport with a capacity of serving 600 passengers per hour at peak. The airport’s T2 international terminal, which can serve 600,000 passengers a year, welcomed the first international flight on January 6, 2020, with Bamboo Airways carrying 144 passengers from Cheongju Airport, South Korea.

Binh Dinh earned modest tourism revenues of VND183.1 billion ($7.36 million) in the first 10 months of the year, up 872.5% year-on-year.

Comments (0)
  • Read More
Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'

Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'

Even while under construction, the new Hanoi Opera House at West Lake has become a focal point for international media.

Companies - Sun, May 10, 2026 | 11:21 am GMT+7

Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure

Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure

CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.

Companies - Sun, May 10, 2026 | 10:54 am GMT+7

Vietnam developer Saigonres plans $650 mln investment for next 5 years

Vietnam developer Saigonres plans $650 mln investment for next 5 years

Saigon Real Estate Group JSC (Saigonres) plans total investment of VND17.11 trillion ($650.37 million) for 2026-2030, implying average annual capital demand of about VND3-4 trillion ($114-152 million).

Real Estate - Sun, May 10, 2026 | 10:15 am GMT+7

Firms must abandon five leadership habits to navigate AI era: FPT CEO

Firms must abandon five leadership habits to navigate AI era: FPT CEO

The important thing is not to chase AI, but to apply AI to solve the right organizational problems, said Nguyen Van Khoa, CEO of FPT Corporation, a leading technology company in Vietnam.

Companies - Sun, May 10, 2026 | 8:00 am GMT+7

Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure

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

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

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

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 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 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 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 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 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

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

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, 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