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
Malaysia’s investment growth in 2025 faces challenges
In the context of global trade uncertainty, Malaysia may not achieve a hat-trick in approved investments this year after two straight years of record-high numbers.
Southeast Asia - Wed, May 7, 2025 | 10:59 pm GMT+7
Thaco seeks to remove obstacles to hotel, bauxite projects in Vietnam's Central Highlands
Thaco expects the Central Highlands province of Lam Dong to help the multi-industry corporation remove barriers to its hotel, bauxite, and aluminum projects in Da Lat town, said a company representative.
Industries - Wed, May 7, 2025 | 10:55 pm GMT+7
Q1 proves tough for Vietnam's oil and gas giants
Profits for major Vietnamese oil companies dropped significantly in Q1, as global oil prices plunged, driven by U.S. tax policy shifts and the ongoing Russia-Ukraine war.
Companies - Wed, May 7, 2025 | 5:06 pm GMT+7
How much is your identity worth?
With 87% of Vietnamese adults having bank accounts and approximately 95% of transactions conducted via online channels, how banks can protect their customers’ personal data has become important more than ever, writes Phillip Wright, chief operating officer at HSBC Vietnam.
Consulting - Wed, May 7, 2025 | 4:01 pm GMT+7
Foxconn plans to expand product portfolio at $200 mln plant in central Vietnam
Fu Wing Interconnect Technology (Nghe An) Co., Ltd., a subsidiary of Taiwan-based electronics giant Foxconn, plans to expand the range of products at its $200 million factory in Vietnam’s central province of Nghe An.
Industries - Wed, May 7, 2025 | 3:35 pm GMT+7
Sumitomo okayed to build 4th industrial park in Vietnam
With an industrial park to develop in the central province of Thanh Hoa, Japan's Sumitomo will expand its industrial real estate portfolio in Vietnam to four projects amid rising FDI inflows.
Industrial real estate - Wed, May 7, 2025 | 2:16 pm GMT+7
Vietnam upholds 8% GDP growth target despite US tariff turmoil
The Vietnamese Government is persistent with its 8% growth goal though disadvantages outweigh advantages, with a focus on solutions to respond to U.S. reciprocal tariffs, PM Pham Minh Chinh told a cabinet meeting on Tuesday.
Economy - Wed, May 7, 2025 | 12:42 pm GMT+7
Vietnam's sugar major Quang Ngai Sugar JSC posts lowest Q1 profit in 2 years
Quang Ngai Sugar JSC, owner of famous soy milk brand Fami in Vietnam, reported its weakest Q1 profit in two years as its sugar business struggled under pressure from smuggled and imported sugar, though the soy milk segment continued to support revenue.
Companies - Wed, May 7, 2025 | 11:14 am GMT+7
Listing, state capital divestment “blockbusters” new catalysts for Vietnam's stock market
As Vietnam’s stock market enters an information lull following Q1 earnings releases and AGMs, recent news about major listing and state capital divestment plans are expected to be significant catalysts for the country's benchmark VN-Index.
Finance - Wed, May 7, 2025 | 8:17 am GMT+7
Construction of first locally-owned semiconductor factory begins in Vietnam
CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.
Southeast Asia - Tue, May 6, 2025 | 10:50 pm GMT+7
Japanese retailers step up business activities in Vietnam
Japanese retailers Aeon and Sumitomo have planned to expand their networks in Vietnam, Nikkei Asia reported on Monday.
Southeast Asia - Tue, May 6, 2025 | 10:39 pm GMT+7
Vietnam's budget carrier Vietjet sees 24% profit hike in Q1 on int’l growth surge
Vietjet Aviation JSC (HoSE: VJC) reported a 24% year-over-year increase in consolidated profit for Q1, driven by strong international expansion and operational excellence, reinforcing its leadership in regional connectivity.
Southeast Asia - Tue, May 6, 2025 | 10:35 pm GMT+7
Northern Vietnam city Hai Phong claims top spot for first time in Provincial Competitiveness Index
The coastal city of Hai Phong has, for the first time, topped the 2024 Provincial Competitiveness Index (PCI) with a score of 74.84, marking a significant milestone in its economic governance journey.
Southeast Asia - Tue, May 6, 2025 | 10:20 pm GMT+7
Malaysia initiates tariff talks with US
Malaysia is pushing forward tariff negotiations with the U.S., while implementing various policies to support local industries and strengthening efforts to seek new export markets.
Southeast Asia - Tue, May 6, 2025 | 10:12 pm GMT+7
Superapp Grab appoints new heads in Singapore, Vietnam
Grab, Southeast Asia’s leading superapp, on Monday announced leadership appointments in Singapore and Vietnam, effective July 1, 2025.
Companies - Tue, May 6, 2025 | 10:06 pm GMT+7
ASEAN’s largest economy slows to lowest growth since Q3/2021
Official data released recently indicates that Indonesia's economic growth decelerated in Q1 due to weakened domestic consumption.
Southeast Asia - Tue, May 6, 2025 | 9:59 pm GMT+7
