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
Vietnam 'shrimp king' Minh Phu records 35% fall in Q1 profit
Minh Phu Seafood Corporation, Vietnam’s leading shrimp exporter, has reported pre-tax profits of VND24.8 billion ($975,800) in Q1/2024, down 35% year-on-year, despite higher revenues.
Companies - Mon, May 6, 2024 | 8:38 am GMT+7
New trading system KRX 'not criterion for Vietnam stock market status upgrade'
The new trading system KRX is not a condition required by rating agencies FTSE Russell and MSCI to approve a status upgrade for the Vietnamese stock market, said director of a securities firm.
Finance - Sun, May 5, 2024 | 10:28 pm GMT+7
Poor business results cast shadow over Vietnam real estate developers
A slew of Vietnamese property developers have reported poor business performance in the first months of this year despite signs of recovery in the real estate market.
Real Estate - Sun, May 5, 2024 | 2:00 pm GMT+7
Thailand’s rice exports increase in both numbers, value
Thailand exported 2.46 tonnes of rice in the first quarter of this year, up 19.4% from the same period last year, according to Charoen Laothamatas, president of the Thai Rice Exporters Association.
Southeast Asia - Sun, May 5, 2024 | 1:51 pm GMT+7
Indonesia to grow 2 million hectares of sugarcane for bio-ethanol fuel development
The Indonesian government is implementing preferential policies to develop bio-ethanol fuel in the future, reduce dependence on fossil fuels and protect the environment.
Southeast Asia - Sun, May 5, 2024 | 1:50 pm GMT+7
Rail route connects China, Laos, Thailand, Malaysia
The first China - Laos - Thailand - Malaysia express freight train recently departed from Chengdu, the capital of China’s southwestern Sichuan province, marking a significant milestone in regional trade connectivity.
Southeast Asia - Sun, May 5, 2024 | 1:49 pm GMT+7
Indonesia to launch pilot project on hydrogen-fueled vehicles
Indonesia’s directorate general of New Renewable Energy and Energy Conservation has announced a plan of hydrogen use trials for the operation of buses, trucks, and other heavy-duty vehicles.
Southeast Asia - Sun, May 5, 2024 | 1:48 pm GMT+7
Denmark jewelry maker Pandora to start building Vietnam factory this month
Denmark’s Pandora, the world’s largest jewelry brand by revenue, will begin constructing a $150-million factory in the southern province of Binh Duong on May 16.
Industries - Sun, May 5, 2024 | 10:17 am GMT+7
Vietnamese ministry warns public about online stock market investment scams
Posing as securities experts, several scammers are enticing people to join closed groups on social networks, access web links or install apps for stock investment, the Ministry of Public Security (MPS) warned.
Finance - Sun, May 5, 2024 | 9:27 am GMT+7
Bac Giang province Party chief arrested for abusing power
Duong Van Thai, Secretary of Bac Giang province's Party Committee, has been detained for abusing his positions and power while on duty.
Politics - Sun, May 5, 2024 | 8:07 am GMT+7
Danish brewer maintains Vietnam sales volume despite beer-market dip
The beer market in Vietnam remained difficult with an estimated “mid-single-digit” percentage decline in the first quarter of this year, but Danish brewer Carlsberg managed to maintain flat sales volume.
Companies - Sun, May 5, 2024 | 8:04 am GMT+7
Public investment disbursement must reach 95%: PM
Prime Minister Pham Minh Chinh has asked ministries, agencies and localities to ensure that disbursement of public investment capital reaches at least 95% this year.
Economy - Sat, May 4, 2024 | 10:02 pm GMT+7
Vietnam transport minister orders probe into domestic airfare surge
Transport Minister Nguyen Van Thang has asked the Civil Aviation Authority of Vietnam (CAAV) to investigate recent surges in domestic airfare as concerns mount over their impact on travel demand.
Travel - Sat, May 4, 2024 | 9:47 pm GMT+7
Tech giants keen on semiconductor investments in Vietnam: minister
Many global tech majors have shown keen investment interest in Vietnam’s electronics and semiconductor industries, Minister of Planning and Investment Nguyen Chi Dung said Saturday.
Economy - Sat, May 4, 2024 | 8:33 pm GMT+7
Former Government Office chairman Mai Tien Dung detained
Mai Tien Dung, former head of the Government Office, has been arrested for violations related to an eco-resort and urban project in Lam Dong province.
Politics - Sat, May 4, 2024 | 5:57 pm GMT+7
Agribank brings digital banking experience to remote areas
Agribank is a pioneer bank in investing and providing card and ATM services in Vietnam's agricultural and rural areas, meeting the needs of people in even border areas, islands, and remote areas.
Banking - Sat, May 4, 2024 | 3:50 pm GMT+7
