Malaysia’s Capital A eyes investing in aviation industrial complex in central Vietnam
Capital A, the parent company of Malaysian budget airline AirAsia, is exploring investment opportunities in an aviation industrial complex in Quang Tri, a province in central Vietnam, through a potential partnership with local conglomerate T&T Group.
The intention was disclosed during a meeting last Thursday between representatives of Capital A, T&T Group, and Le Duc Tien, Vice Chairman of the Quang Tri People’s Committee.
During the meeting, the business delegation reviewed the province’s investment incentives, workforce availability, geographic advantages, and development plans for logistics, particularly in relation to the under-construction Quang Tri airport.
Illustration of Quang Tri airrport. Photo courtesy of the Quang Tri People's Committee.
Tien, for his part, encouraged the two companies to consider investing in the Quang Tri aviation industrial complex and related segments such as commercial aviation services, aircraft maintenance, logistics, e-commerce, tourism, and other service industries.
The proposed aviation industrial complex is envisioned as an integrated investment ecosystem, aiming to support the development of a comprehensive aviation-logistics network and strengthen the regional connectivity between Vietnam, Malaysia, Laos, and Thailand.
The province will consider forming an aviation-logistics service industrial park and adjusting planning to upgrade Quang Tri airport to match its long-term development orientation in the future, the official added.
In July 2024, T&T Group and Cienco 4 broke ground on the Quang Tri airport project, which spans 265 hectares in Gio Quang, Gio Hai, and Gio Mai communes of Gio Linh district.
With a total investment capital of VND5.8 trillion ($228.3 million), the airport will be developed to meet the standards of a level 4C airport defined by the International Civil Aviation Organisation and a level II military airport, with the capability to accommodate code E aircraft for parking.
It is designed to have a capacity of five million passengers per year and handle a cargo capacity of 25,500 tons annually. The construction is slated to be completed in July 2026.
- Related News
- Read More
Vietnam’s largest container fleet operator Hai An logs highest quarterly profit in 11 years
Hai An Transport and Stevedoring JSC, the owner of Vietnam’s largest container fleet, posted over VND414 billion ($15.8 million) in after-tax profit in Q2/2025, up 227% year-on-year, marking its highest quarterly profit since 2014.
Companies - Mon, August 4, 2025 | 8:46 am GMT+7
46% of Vietnamese businesses struggle to attract talent: study
A recent study by Anphabe, a leading HR consulting firm in Vietnam, showed that 46% of Vietnamese businesses face challenges in attracting talent with the right skill sets, often due to cultural barriers and a fear of innovation.
Companies - Sun, August 3, 2025 | 11:42 pm GMT+7
HCMC aims to establish battery recycling center, join global green supply chain: chairman
Ho Chi Minh City is planning to establish an electric vehicle battery recycling center - positioning itself as a crucial link in the global green economy supply chain, said Chairman of the municipal People’s Committee, Nguyen Van Duoc.
Economy - Sun, August 3, 2025 | 11:23 pm GMT+7
Vietnam greenlights expansion of North-South Expressway’s eastern wing via PPP model
The Vietnamese government has approved the expansion of the eastern wing of the North-South Expressway using the public-private partnership (PPP) model, according to a statement from the Government Office.
Infrastructure - Sun, August 3, 2025 | 12:11 pm GMT+7
Vingroup chairman injects $687 mln into EV maker VinFast in Q2
Billionaire Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, poured VND18 trillion ($686.5 million) into the group’s EV subsidiary VinFast in the second quarter of 2025, raising the total in the first half to VND23 trillion.
Companies - Sun, August 3, 2025 | 10:57 am GMT+7
Vietnam to launch int’l financial center in HCMC, Danang by late 2025
Vietnam is set to put its first international financial center (IFC), located in both Ho Chi Minh City and Danang, into operation by the end of this year.
Finance - Sun, August 3, 2025 | 9:27 am GMT+7
Former Techcombank exec appointed CEO of technology major One Mount Group
Phung Quang Hung, former deputy CEO of Techcombank, has been appointed CEO of One Mount Group, a technology ecosystem in Vietnam.
Companies - Sun, August 3, 2025 | 8:00 am GMT+7
Consumer finance major F88 to trade on Vietnam's unlisted public companies market next Friday
F88 Investment JSC (F88), a leading consumer finance company in Vietnam, will float its over 8.26 million shares on the Unlisted Public Companies Market (UPCoM) on August 8, with a reference price of VND634,900 ($24.2) apiece.
Finance - Sat, August 2, 2025 | 11:14 pm GMT+7
Vietnam's manufacturing sector returns to growth after 4 months as new orders rise
Despite further export weakness due to U.S. tariffs, the Vietnamese manufacturing sector returned to growth in July as a renewed expansion in new orders supported a faster rise in production, according to S&P Global.
Economy - Sat, August 2, 2025 | 3:07 pm GMT+7
SCG-backed $5.4 bln petrochemical complex in southern Vietnam set to restart in late August
The $5.4 billion Long Son Petrochemicals Complex (LSP) in southern Vietnam may resume operations as early as late August or early September following a nearly one-year hiatus.
Industries - Sat, August 2, 2025 | 1:22 pm GMT+7
Draft resolution on piloting digital asset market in Vietnam to be submitted in August
A draft resolution on piloting Vietnam’s digital asset market is being finalized and expected to be submitted to the government within August, according to a State Securities Commission (SSC) official.
Finance - Sat, August 2, 2025 | 12:35 pm GMT+7
LNG, offshore wind power developers in Vietnam seek policy support to overcome obstacles
As the implementation of LNG and offshore wind power projects remains challenging while enormous investment capital is required, developers definitely need strong support policies and mechanisms, said insiders.
Energy - Sat, August 2, 2025 | 8:47 am GMT+7
US imposes 20% reciprocal tariffs on imports from Vietnam: trade ministry
U.S. President Donald Trump on Thursday signed an executive order imposing new reciprocal tariffs on imports from 69 countries and territories, with rates ranging from 10% to 41%. Vietnam was hit with a 20% levy.
Economy - Fri, August 1, 2025 | 5:47 pm GMT+7
Profit of Vietnam’s top construction contractor Coteccons hits 5-year high in fiscal year 2025
Ho Chi Minh City-headquartered construction giant Coteccons reported a post-tax profit of VND454 billion ($17.32 million) for the 2025 fiscal year (from Q3/2024 to Q2/2025), up 47% year-on-year.
Companies - Fri, August 1, 2025 | 4:58 pm GMT+7
Italian energy giant ENI eyes more bioenergy opportunities in Vietnam
Vietnam wishes to see Italian group ENI expand its investment and partnerships with domestic stakeholders in line with the country's green transition, particularly in the area of carbon capture, utilization and storage (CCUS), said Deputy Minister of Industry and Trade Nguyen Hoang Long.
Energy - Fri, August 1, 2025 | 1:50 pm GMT+7
Vietnam's tech heavyweight FPT exec dies at 57
Hoang Nam Tien, vice chairman of FPT University Council and former chairman of FPT Telecom and FPT Software, both under Vietnam's leading IT corporation FPT, died from a stroke on Thursday, aged 57.
Companies - Fri, August 1, 2025 | 11:21 am GMT+7
