Khanh Hoa seeks to build one more airport
Khanh Hoa province is seeking permission to have a second airport, located in the Van Phong Economic Zone, as part of a special development mechanism granted by the parliament.
Local authorities have proposed to the Ministry of Transport to add Van Phong Airport into the south-central province’s draft planning for the 2021-2030 period, with vision until 2050, and Van Phong Economic Zone’s draft planning until 2040, with vision until 2050, before seeking prime ministrial approval.
Khanh Hoa currently operates Cam Ranh International Airport, about 65 kilometers from Van Phong Economic Zone. The zone is 40 km from the neighboring province of Phu Yen's Tuy Hoa Airport.
Van Phong Economic Zone in Khanh Hoa province, south-central Vietnam. Photo courtesy of Intellectual newspaper.
Per the draft planning for the 150,000-hectare Van Phong Economic Zone, the proposed airport will cover 500-550 hectares in Van Thang commune, Van Ninh district.
Khanh Hoa, home to the well-known Nha Trang Bay, also plans to build a railway to connect Van Phong Airport to Dam Mon International Seaport, also in Van Ninh district, and the national railway system in Ninh Hoa township.
The province plans to attract billions of U.S. dollars into 27 major projects in Van Phong Economic Zone during the 2023-2024 period. In June, the National Assembly, the country's highest legislative body, issued a resolution on distinct mechanisms and policies for Khanh Hoa to be implemented on a pilot basis to attract only mega projects.
Van Phong Economic Zone has so far attracted 155 projects with a total registered capital of $4.1 billion, including 30 foreign-invested ones, according to its management board. Disbursed investment capital has reached $2.5 billion, with 97 operational projects.
Civil Aviation Authority of Vietnam (CAAV) director Dinh Viet Thang said the agency insists on a network of 28 airports in 2021-2030, featuring 22 operational ones and six to-be-built. The airports would serve 283 million passengers a year, while 95% of the population could reach an airport within 100 kilometers. Until 2050, Vietnam is set to operate 14 international airports and 17 domestic ones, or 31 in total.
- Related News
- Read More
Leading industrial park developer Becamex to gain from Binh Duong province’s merger into HCMC: broker
Becamex IDC Corp, a leading urban and industrial park developer based in Binh Duong, is expected to benefit from the province’s merger into Ho Chi Minh City, with many new development opportunities, according to Vietcombank Securities (VCBS).
Companies - Sat, June 14, 2025 | 8:00 am GMT+7
Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion
Vietnam Airlines and ING Bank have signed an MoU for bilateral financial cooperation, securing capital funding of up to $1.5 billion.
Companies - Fri, June 13, 2025 | 10:56 pm GMT+7
Lawmakers scrutinize dual-city international financial center plan
Discussing a draft resolution on establishing an international financial center in Vietnam, some parliament members have proposed careful consideration of a dual-city model based on regional development strategies and investment efficiency.
Finance - Fri, June 13, 2025 | 10:49 pm GMT+7
Vietnam among world’s most food-self-sufficient nations: study
As concerns mount over the potential for disruptions to global trade, a new study published in the journal Nature Food has identified Vietnam as one of the few countries with a high level of food self-sufficiency, capable of withstanding major interruptions to food imports and exports worldwide.
Southeast Asia - Fri, June 13, 2025 | 10:41 pm GMT+7
Bad debts at Vietnamese commercial banks remain a concern
While the most challenging period for bad debts in Vietnam appears to have passed, potentially irrecoverable debts have reached a record high, accounting for 1.25% of total outstanding customer loans, or more than VND176 trillion ($6.74 billion), according to a new report by research firm Vietnam Report JSC.
Banking - Fri, June 13, 2025 | 7:58 pm GMT+7
Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes
Ton Dong A, a leading galvanized steel manufacturer in Vietnam, will focus more on the domestic market due to export difficulties, raising the ratio of domestic sales to 75%.
Companies - Fri, June 13, 2025 | 4:56 pm GMT+7
Vietnam's leading construction materials maker Viglacera appoints new chairman
The board of directors of Viglacera, Vietnam's leading construction materials maker, has appointed Tran Manh Huu as new chairman, succeeding Nguyen Van Tuan.
Companies - Fri, June 13, 2025 | 3:08 pm GMT+7
Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project
Vietnam expects the U.S.'s Exxon Mobil to speed up the long-delayed Blue Whale gas field project in line with the contract.
Energy - Fri, June 13, 2025 | 2:06 pm GMT+7
Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy
Prime Minister Pham Minh Chinh says he hopes Swedish companies will continue to expand their investment in Vietnam's information technology infrastructure, especially in remote areas.
Economy - Fri, June 13, 2025 | 11:28 am GMT+7
Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam
Singapore-based Keppel Corporation brought in SGD98 million ($76.54 million) from selling a 22.6% stake in a property complex in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Fri, June 13, 2025 | 8:28 am GMT+7
Thailand tightens e-commerce rules
Thailand is preparing to increase oversight of digital marketplaces, adding rules for certain types of platforms to strengthen consumer protection and ensure responsible e-commerce, Bangkok Post quoted the Electronic Transactions Development Agency (ETDA) as saying.
Southeast Asia - Thu, June 12, 2025 | 10:56 pm GMT+7
Malaysia attracts nearly $21 bln investment in Q1
Malaysia has secured MYR89.8 billion (nearly $21 billion) in approved investments for Q1, a 3.7% year-on-year increase amid a challenging global economic backdrop, according to the Malaysian Investment Development Authority (MIDA).
Southeast Asia - Thu, June 12, 2025 | 10:53 pm GMT+7
Thailand targets faster EV growth
Thailand’s Board of Investment (BoI) is stepping up efforts to promote the electric vehicle (EV) industry by offering more investment incentive packages aimed at supporting the emerging sector and creating additional EV-related jobs.
Southeast Asia - Thu, June 12, 2025 | 10:46 pm GMT+7
Malaysia to hold second round of trade talks with US
Malaysia’s Ministry of Investment, Trade and Industry (MITI) said Minister Tengku Zafrul Aziz is scheduled to travel to Washington D.C. on June 18 for a new round of discussions focused on tariffs.
Southeast Asia - Thu, June 12, 2025 | 10:40 pm GMT+7
Vietnamese banks' bond issuance sees three-fold rise in first 5 months
Vietnamese banks have significantly increased their bond issuance in 2025, with a reported total issuance of VND81 trillion ($3.1 billion) in the first five months of the year.
Finance - Thu, June 12, 2025 | 10:17 pm GMT+7
PVFCCo - Phu My, PVOIL sign strategic cooperation agreement in services, trade, and chemicals
Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo - Phu My) and Petrovietnam Oil Corporation (PVOIL) on Wednesday signed a strategic cooperation agreement, marking the beginning of a comprehensive, multi-sector collaboration between the two members of state-owned Petrovietnam.
Companies - Thu, June 12, 2025 | 7:56 pm GMT+7
