Khanh Hoa province to build $288 mln Van Phong airport
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.
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.
- Read More
Offshore wind power investors can sell entire projects in Vietnam: draft decree
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade will facilitate investors to sell their projects or stakes.
Energy - Thu, January 16, 2025 | 11:27 am GMT+7
Build your own sales channels if e-commerce competition too harsh: NextTech exec
If e-commerce competition is too harsh, Vietnamese businesses should develop their own sales channels and customer databases, says Nguyen Hoa Binh, founder and chairman of NextTech Group, a leading technology startup in Vietnam.
Economy - Thu, January 16, 2025 | 9:05 am GMT+7
Indonesia moves to secure domestic pharmaceutical independence
Indonesia's Health Ministry is working to achieve domestic pharmaceutical independence through research and development, production, and market guarantees.
Southeast Asia - Thu, January 16, 2025 | 8:09 am GMT+7
Malaysia cooperates with UAE in AI development, digital transformation
Malaysian Prime Minister Anwar Ibrahim has said that the country must embark on digital transformation within its economic and financial sectors, prioritizing areas such as blockchain and cryptocurrency to remain at the forefront of the digital age.
Southeast Asia - Wed, January 15, 2025 | 11:00 pm GMT+7
Thai billionaire seeks to increase stake in Vietnam dairy gaint Vinamilk
F&N Dairy Investments Pte. Ltd - an entity associated with Thai billionaire Charoen Sirivadhanabhakdi - has registered to purchase nearly 20.9 million shares of Vietnamese dairy giant Vinamilk (HoSE: VNM).
Companies - Wed, January 15, 2025 | 10:54 pm GMT+7
Vietnam PM leaves for official visits to Poland, Czech, WEF meeting
Prime Minister Pham Minh Chinh departed Hanoi on Wednesday afternoon for official visits to Poland and the Czech Republic, attendance at the 55th World Economic Forum (WEF) Annual Meeting in Davos, and bilateral meetings in Switzerland.
Politics - Wed, January 15, 2025 | 10:31 pm GMT+7
Malaysia’s manufacturing sector sees positive signs in 2025
Malaysia’s manufacturing sector is forecast to recover well in 2025 as global trade dynamics and geopolitical shifts influence market trends.
Southeast Asia - Wed, January 15, 2025 | 10:06 pm GMT+7
Thailand posts record investment last year
Thailand saw record investment figures for 2024, with applications exceeding THB1.13 trillion ($32.5 billion), the highest in the past decade, according to the country’s Board of Investment (BOI).
Southeast Asia - Wed, January 15, 2025 | 10:05 pm GMT+7
Indonesia considers reducing trade tariffs with US
Indonesia is planning to lower trade tariffs with the U.S. as President-elect Donald Trump prepares to implement a universal tariff policy.
Southeast Asia - Wed, January 15, 2025 | 9:58 pm GMT+7
Malaysia eyes greater sustainability in palm oil sector as EU law looms
The Malaysian government said on Tuesday that it will encourage sustainability while maintaining the competitiveness of its palm oil industry ahead of the implementation of the EU’s anti-deforestation law at the end of this year.
Southeast Asia - Wed, January 15, 2025 | 9:52 pm GMT+7
T&T Group proposes 3,400 hectare urban, logistics, aviation industry complex in central Vietnam
Vietnamese conglomerate T&T Group and Singaporean consultancy firm CPG Corporation have proposed an urban-commerce-service-logistics-aviation industry complex covering 3,400 hectares in the central province of Quang Tri.
Real Estate - Wed, January 15, 2025 | 5:17 pm GMT+7
Samsung Vietnam facilities in Thai Nguyen province post 5% revenue growth in 2024: outgoing CEO
Factories in Thai Nguyen province of Samsung Vietnam earned a total revenue of $26.3 billion in 2024, up 5% year-on-year, said outgoing Samsung Vietnam CEO Choi Joo Ho.
Companies - Wed, January 15, 2025 | 4:22 pm GMT+7
Draft decree on offshore wind power sets requirements for foreign investors
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade includes requirements for foreign investors, such as financial capacity and past experience.
Energy - Wed, January 15, 2025 | 4:01 pm GMT+7
Kim Long Motors, China’s Changan Automobile to build 50,000-unit plant in central Vietnam
Vietnamese automaker Kim Long Motors and China’s Changan Automobile Co., Ltd. will join hands to build a plant manufacturing 5-7 seat passenger cars in the central city of Hue.
Industries - Wed, January 15, 2025 | 1:43 pm GMT+7
From a third-grade dropout to famous ceramics maker exporting worldwide
Ly Ngoc Minh, chairman and founder of Minh Long Ceramics Company, defied the odds by transforming from a boy who only completed the third grade into the creator of a globally recognized ceramic brand and the owner of a ceramic product museum.
Companies - Wed, January 15, 2025 | 12:30 pm GMT+7
Nestlé-invested bottled water maker La Vie LLC must pay tax arrears, payment delay fees of $2.6 mln in Vietnam
La Vie LLC, a joint venture between Nestlé Water and a Long An province-based Vietnamese company, must pay tax arrears and payment delay fees of VND66.7 billion ($2.6 million), according to tax authorities.
Companies - Wed, January 15, 2025 | 11:51 am GMT+7