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.
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.
- Read More
Chinese firm proposes its 3rd waste-to-power plant in Vietnam
China’s EverBright Environment has proposed investing about VND1.6 trillion ($60.82 million) in a waste-to-energy plant in the central province of Quang Tri.
Energy - Fri, October 24, 2025 | 8:45 pm GMT+7
Mega golf-commercial-urban complex proposed for southern Vietnam city Can Tho
Vietnam Royal Investment Group JSC has proposed developing a 766-hectare golf-service-commercial-urban complex in the Mekong Delta city of Can Tho.
Real Estate - Fri, October 24, 2025 | 4:31 pm GMT+7
Sumitomo makes first hydropower investment in Vietnam
Sumitomo Corporation has made its first hydropower investment in Vietnam by acquiring a 49% stake in Mekong Electric Power Engineering and Development JSC which owns the 48 MW Dak Di 1 & 2 run-of-river hydropower project in Danang city.
Energy - Fri, October 24, 2025 | 3:42 pm GMT+7
Investors urge Vietnam to fix legal hurdles to LNG power projects
A group of investors in Vietnam’s gas-fired power sector has urged the country's parliament to address regulatory gaps that have stalled multi-billion-dollar LNG and domestic gas-fueled power projects, warning that delays could derail the country’s energy transition targets.
Energy - Fri, October 24, 2025 | 2:12 pm GMT+7
Central Vietnam province Gia Lai okays 3 large-scale wind power projects
Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).
Energy - Fri, October 24, 2025 | 12:01 pm GMT+7
HCMC pushes for early investment in Thu Thiem-Long Thanh railway project
The Ho Chi Minh City People’s Committee has emphasized the need for early investment and operation of a railway connecting Thu Thiem in the metropolis with Long Thanh International Airport in neighboring Dong Nai province.
Infrastructure - Fri, October 24, 2025 | 10:49 am GMT+7
Vietnam to let foreign investors place orders directly via global brokers
Vietnam plans to allow foreign investors to place orders directly through global brokerage firms, a move aimed at easing access to its stock market after a long-awaited upgrade to "secondary emerging" market status, a top regulator said.
Finance - Fri, October 24, 2025 | 8:28 am GMT+7
Vietnam business lobby urges easing of football betting limits
Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.
Finance - Thu, October 23, 2025 | 9:30 pm GMT+7
Powering growth from within
The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.
Economy - Thu, October 23, 2025 | 9:09 pm GMT+7
Vietnam's stock market regulator appoints 2 new vice chairpersons
The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.
Finance - Thu, October 23, 2025 | 4:14 pm GMT+7
Vinhomes chairman appointed CEO of VinSpeed
Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.
Companies - Thu, October 23, 2025 | 3:40 pm GMT+7
De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam
Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.
Industries - Thu, October 23, 2025 | 2:35 pm GMT+7
Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity
Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.
Companies - Thu, October 23, 2025 | 2:00 pm GMT+7
Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec
VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.
Finance - Thu, October 23, 2025 | 10:55 am GMT+7
Key factors helping firms export to demanding markets: DH Foods exec
Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.
Consulting - Thu, October 23, 2025 | 8:00 am GMT+7
Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam
Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).
Finance - Wed, October 22, 2025 | 9:00 pm GMT+7




















