Khanh Hoa province to build $288 mln Van Phong airport

By Nguyen Tri, Minh Hue
Tue, December 12, 2023 | 10:51 am GMT+7

Van Phong Airport in the south-central province of Khanh Hoa will be built at a cost of nearly VND7 trillion ($288.4 million), with an annual capacity of 2.5 million passengers and nine aprons by 2030.

Under the Van Phong Airport plan for 2021-2030, with a vision to 2050, the airport will have a length of 3,050 meters and be classified as 4E under International Civil Aviation Organization (ICAO) standards. An aerodrome with a reference code 4E will accommodate aircraft with a “Reference Field Length” of 1800 meters and above and a wingspan of up to 65 m.

If volumes of passengers and cargo increase, the airport will be expanded to a capacity of 10 million passengers per year with 27 aprons.

An artist's impression of Van Phong Airport in Khanh Hoa province, central Vietnam. Photo courtesy of the provincial Investment Promotion Agency.

An artist's impression of Van Phong Airport in Khanh Hoa province, central Vietnam. Photo courtesy of the provincial Investment Promotion Agency.

To be located in Van Thang commune, Van Ninh district, the project will be implemented under the public-private partnership (PPP) model with a build-operate-transfer (BOT) contract.

According to the consulting unit, the construction of Van Phong Airport is in line with the national airport development master plan for the 2021-2030 period, with a vision to 2050; the master plan of Khanh Hoa province; and the adjusted general plan for Van Phong Economic Zone approved by the Prime Minister.

Nguyen Tan Tuan, Chairman of the Khanh Hoa provincial People's Committee, assigned the provincial Department of Transport to coordinate with the consulting unit to complete a project report on its investment plan to be approved by the PM.

He also requested the consulting unit to add airplane fuel storage tanks to the master plan, along with cargo warehouses and aircraft repair areas; and evaluate and clarify project investment efficiency.

In late March, Deputy Prime Minister Tran Hong Ha signed a decision approving the adjusted general plan for Van Phong Economic Zone until 2040, with a vision to 2050. Under which, it will be developed into a sea-based economic hub with seaports, urban areas, an airport, and casinos. It will have 19 subdivisions covering a total of 75,166 hectares with zones designated for the development of seaports, logistics services, urban areas, and resorts.

The area designated for the airport covers about 500 hectares in the north of Van Phong (Van Thang commune, Van Ninh district).

Van Phong is one of three key economic zones in Khanh Hoa province. According to the master plan of Khanh Hoa province, the 150,000-hectare zone plays a leading role in attracting investment and is a driving force for the economic development of neighboring regions and the whole country.

Khanh Hoa plans to attract billions of U.S. dollars into 27 major projects at Van Phong EZ during the 2023-2024 period.

So far this year, the province has attracted 17 non-state budget investment projects worth nearly VND101 trillion ($4.16 billion), with the bulk of it coming from four mega projects.

According to the provincial People's Committee, the mega projects are the VND85.29 trillion ($3.64 billion) "Urban Area by Cam Ranh Bay"; the VND7.45 trillion ($307.25 million) Vinpearl Phu Quy residential area; a VND3.76 trillion ($155.07 million) social housing area in Cam Nghia ward, Cam Ranh town; and a VND3.25 trillion ($134 million) plant to treat and recycle household waste in Cam Lam district.

Comments (0)
  • Read More
Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Daughter of Vietnam agribusiness HAGL’s chairman registers to buy more company shares 

Doan Hoang Anh, daughter of HAGL chairman Doan Nguyen Duc, has registered to purchase 1 million HAGL shares amid a 20% increase in the stock’s value over the past three months.

Companies - Thu, December 19, 2024 | 9:38 pm GMT+7

Property giant Vinhomes raises additional $157 mln in bonds

Property giant Vinhomes raises additional $157 mln in bonds

Leading housing developer Vinhomes successfully raised VND4 trillion ($157 million) in private placement bonds on Tuesday, according to the Hanoi Stock Exchange (HNX).

Companies - Thu, December 19, 2024 | 9:28 pm GMT+7

E-visas available at all Thai embassies, consulates from January 1, 2025

E-visas available at all Thai embassies, consulates from January 1, 2025

Intending visitors to Thailand will be able to apply online for an e-visa at Thai embassies and consulates worldwide from January 1, 2025.

Southeast Asia - Thu, December 19, 2024 | 8:04 pm GMT+7

Indonesia rolls out $51.65 bln stimulus package for 2025

Indonesia rolls out $51.65 bln stimulus package for 2025

The Indonesian government has unveiled a series of economic stimulus packages totaling Rp827 trillion ($51.65 billion) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.

Southeast Asia - Thu, December 19, 2024 | 8:03 pm GMT+7

Malaysia accelerates electric vehicle growth

Malaysia accelerates electric vehicle growth

Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation.

Southeast Asia - Thu, December 19, 2024 | 8:00 pm GMT+7

EV maker VinFast plans $140 mln resort project in northern Vietnam

EV maker VinFast plans $140 mln resort project in northern Vietnam

VinFast, an electric vehicle maker under Vietnam’s private conglomerate Vingroup, seeks to build a resort-recreation-park project worth VND3.5 trillion ($137.5 million) in the northern coastal city of Hai Phong.

Real Estate - Thu, December 19, 2024 | 7:57 pm GMT+7

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese investment capital shifts to green energy, electronics, automobiles: official

Chinese direct investment in Vietnam has traditionally focused on the manufacturing sector and it is now transitioning toward green energy, electronics, and automobiles.

Industries - Thu, December 19, 2024 | 4:30 pm GMT+7

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

BP seeks to help long-delayed power plant in central Vietnam with coal-to-LNG conversion

British oil-gas giant BP seeks to help the Cong Thanh coal-fired power project in Thanh Hoa province with its transition into an LNG-fired plant, said Chris Bramley, vice president of integrated gas & power at BP.

Energy - Thu, December 19, 2024 | 3:48 pm GMT+7

Vietnam refinery operator BSR plans listing in Jan next year

Vietnam refinery operator BSR plans listing in Jan next year

Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, plans to list its shares on the Ho Chi Minh Stock Exchange (HoSE) on January 17, 2025.

Companies - Thu, December 19, 2024 | 3:23 pm GMT+7

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The 'key' that helps Phu Quoc make a 'leap' to become global destination

The famtrip “Journey to Paradise Island” from December 4-6, 2024 has brought Phu Quoc to the center of attention of the tourism industry in the world.

Travel - Thu, December 19, 2024 | 2:10 pm GMT+7

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

Dollar index reaches 2-year high, Vietnam’s exchange rate hits new peak

The exchange rate in Vietnam made a new peak on Thursday as the State Bank of Vietnam, the country’s central bank, increased its central exchange rate by VND26, or 0.11%, to VND24,304 per USD.

Banking - Thu, December 19, 2024 | 11:59 am GMT+7

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Chip giant Synopsys opens office in Hanoi, fourth in Vietnam

Synopsys, a leading chip business based in California, opened its Hanoi office on Wednesday, the fourth in Vietnam after two in Ho Chi Minh City and one in Danang city, furthering its involvement in Vietnam’s semiconductor sector.

Companies - Thu, December 19, 2024 | 11:32 am GMT+7

Eleven people die as coffee shop in Hanoi burnt

Eleven people die as coffee shop in Hanoi burnt

Legal proceedings have been launched against a man in Hanoi who burnt down a coffee shop with gasoline in late evening Wednesday, killing 11 people.

Society - Thu, December 19, 2024 | 8:35 am GMT+7

Vietnam to be key link in global LNG chain on rising demand: experts

Vietnam to be key link in global LNG chain on rising demand: experts

Vietnam is emerging as a potential LNG importer and expected to become a key link in the global LNG chain, says Nguyen Duc Tung from the Vietnam Institute of Strategy and Policy for Industry and Trade.

Energy - Thu, December 19, 2024 | 8:16 am GMT+7

Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Latvian man sentenced in Vietnam for operating loan shark ring with 1,380% interest rate

Aigars Plivěs, a Latvian national, on Monday was sentenced to two years and nine months in prison for operating three companies that offered loans with high interest rates of 401-1,379.7% per year, earning illicit gains of more than VND4.15 trillion ($163 million).

Society - Wed, December 18, 2024 | 10:37 pm GMT+7

April Tea Shop to close down amid F&B sector woes

April Tea Shop to close down amid F&B sector woes

The Tiem tra thang 4 (April Tea Shop), a popular check-in and beverage destination for young people in Ho Chi Minh City, has announced it will shut down on December 25, ending a five-year journey.

Companies - Wed, December 18, 2024 | 9:56 pm GMT+7