New airport to be built in Vietnam Central Highlands province

By An Khang, Minh Hue
Wed, December 4, 2024 | 12:24 pm GMT+7

Mang Den Airport in the Central Highlands province of Kon Tum is set to be built under a public-private partnership (PPP) model, with total investment of nearly VND5 trillion ($196.8 million) for the first phase.

This is stated in a proposal by the Ministry of Transport to Prime Minister Pham Minh Chinh, seeking to have Mang Den Airport added to the national airport development plan for the 2021-2030 period, with a vision until 2050.

A corner of Mang Den township, Kon Tum province, Vietnam's Central Highlands. Photo courtesy of Kon Tum newspaper.

A corner of Mang Den township, Kon Tum province, Vietnam's Central Highlands. Photo courtesy of Kon Tum newspaper.

Accordingly, the airport will cover 350 hectares in Kon Plong district’s Mang Den township, approximately 45 km northeast of Kon Tum town, 73 km northeast of Pleiku Airport in Gia Lai province, 105 km northwest of Phu Cat Airport in Binh Dinh province, and 93 km southwest of Chu Lai Airport in Quang Nam province.

It is designed to have an annual capacity of 1 million passengers by 2030, with anticipated further expansion. It will be classified as a 4C airport, in accordance with International Civil Aviation Organization (ICAO) standards.

Of the estimated total investment of VND5 trillion for the first phase, VND327 billion ($12.9 million), or 6.6%, will be for land clearance, and about VND4.6 trillion (93.4%) for project implementation. The project is expected to reach the break-even point in approximately 48.4 years.

According to the transport ministry, the construction of Mang Den Airport is in line with the national and provincial planning schemes, as well as the master plan for the Mang Den tourism area, all approved by the Prime Minister.

The airport is expected to play a key role in the development of the Mang Den tourism area, boosting the local economy, it added.

According to the national airport development plan, Vietnam aims to expand its network of airports from 22 to 30 by 2030, and 33 by 2050.

On the list of the 30 airports until 2030, the 14 international gateways are Van Don (in Quang Ninh province), Cat Bi (Hai Phong city), Noi Bai (Hanoi), Tho Xuan (Thanh Hoa province), Vinh (Nghe An province), Phu Bai (Thua Thien-Hue province), Danang (Danang city), Chu Lai (Quang Nam province), Cam Ranh (Khanh Hoa province), Lien Khuong (Lam Dong province), Long Thanh (in Dong Nai near HCMC), Tan Son Nhat (HCMC), Can Tho (Can Tho city), and Phu Quoc (Phu Quoc island).

The 16 domestic airports on the list are Lai Chau (Lai Chau province), Dien Bien (Lai Chau province), Sapa (Lao Cai province), Na San (Son La province), Dong Hoi (Quang Binh province), Quang Tri (Quang Tri province), Phu Cat (Binh Dinh province), Tuy Hoa (Phu Yen province), Pleiku (Gia Lai province), Buon Ma Thuot (Dak Lak province), Phan Thiet (Binh Thuan province), Rach Gia (Kien Giang province), Ca Mau (Ca Mau province), Con Dao (Con Dao island), Thanh Son (Ninh Thuan province), and Bien Hoa (Dong Nai province).

For a vision to 2050, the total is 33 (14 international airports and 19 domestic terminals). This means there will be three more domestic ones, namely Cao Bang, Cat Bi, and South Hanoi. Notably, among the 14 international airports, Hai Phong Airport will replace the existing Cat Bi Airport.

Comments (0)
  • Read More
Malaysia accelerates transition towards high-income country status

Malaysia accelerates transition towards high-income country status

The Malaysian government needs to focus on innovation during its drafting of the 13th Malaysia Plan (13 MP) for 2026-2030 in an effort to achieve its high-income country goal.

Southeast Asia - Mon, December 16, 2024 | 10:30 pm GMT+7

Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN

Malaysia welcomes ex-Thai PM Thaksin to be its informal adviser on ASEAN

Malaysian Prime Minister Anwar Ibrahim has appointed former Thai PM Thaksin Shinawatra as an informal adviser to assist with the country’s ASEAN chairmanship in 2025.

Southeast Asia - Mon, December 16, 2024 | 10:28 pm GMT+7

Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam

Footwear giant Taekwang to spend $19.7 mln on Lunar New Year bonus in Vietnam

South Korean-invested Taekwang Vina JSC, a supplier of Nike in the southern province of Dong Nai, will spend over VND500 billion ($19.7 million) on Lunar New Year (Tet) bonus for its nearly 36,000 employees.

Companies - Mon, December 16, 2024 | 9:56 pm GMT+7

Hong Kong's Sunwah Group eyes investment in southern Vietnam

Hong Kong's Sunwah Group eyes investment in southern Vietnam

Multi-sector group Sunwah is keen on surveying several Binh Duong-based industrial parks and foreign-invested enterprises in the areas of high-tech industries, health care, education, and real estate to explore investment opportunities.

Industries - Mon, December 16, 2024 | 8:25 pm GMT+7

Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month

Taiwan’s Wistron aims to run $24.5 mln Vietnam plant next month

Taiwan-headquartered Wistron, a top electronics provider and a supplier to Apple, plans to officially start operating its $24.5 million investment in the northern province of Ha Nam next month.

Industries - Mon, December 16, 2024 | 4:41 pm GMT+7

Hanoi plans $420 mln horse racecourse 

Hanoi plans $420 mln horse racecourse 

The Hanoi People's Committee has approved a detailed plan for the Soc Son Urban Area (Zone III), featuring parks, schools, hospitals, high-quality housing, and a $420 million horse racecourse.

Real Estate - Mon, December 16, 2024 | 4:35 pm GMT+7

Vietnam’s cement giant Vicem logs over $55 mln loss in 2024

Vietnam’s cement giant Vicem logs over $55 mln loss in 2024

Vietnam National Cement Corporation (Vicem) has suffered losses for the second consecutive year, with an estimated consolidated figure of VND1.4 trillion ($55.15 million) for 2024, according to a draft annual report by the Ministry of Construction.

Companies - Mon, December 16, 2024 | 4:18 pm GMT+7

Leading broker VPS launches new brand identity

Leading broker VPS launches new brand identity

VPS Securities JSC (VPS), a leading broker in Vietnam, officially unveiled its new brand identity on Monday.

Companies - Mon, December 16, 2024 | 3:12 pm GMT+7

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

VSIP Can Tho in southern Vietnam completes 96% of site clearance, 100 hectares leased

Vinh Thanh Industrial Park (IP), also known as VSIP Can Tho, in Vietnam’s Mekong Delta city of Can Tho, has completed 95.98% of the site clearance.

Industrial real estate - Mon, December 16, 2024 | 12:32 pm GMT+7

Masan Consumer promotes Vietnamese cuisine to international friends

Masan Consumer promotes Vietnamese cuisine to international friends

Masan Consumer, the consumer goods arm of Masan Group, recently showcased its products at the 2024 International Food Festival in Hanoi, helping promote the unique cuisine of Vietnam to visitors from across the globe.

Companies - Mon, December 16, 2024 | 11:08 am GMT+7

Dairy giant Vinamilk to spend over $41 mln on interim dividend payment

Dairy giant Vinamilk to spend over $41 mln on interim dividend payment

Vinamilk, the largest dairy firm in Vietnam, plans to spend VND1.045 trillion ($41.3 million) to pay interim cash dividends to shareholders for the second phase of 2024 at a rate of 5%, according to the company.

Companies - Mon, December 16, 2024 | 10:43 am GMT+7

Universal Scientific Industrial to expand Vietnam investment to $290 mln

Universal Scientific Industrial to expand Vietnam investment to $290 mln

Mainland China-based Universal Scientific Industrial (USI), an electronics supplier under Taiwan-based ASE Technology Holding, will increase its investment in Vietnam to $290 million.

Industries - Mon, December 16, 2024 | 10:33 am GMT+7

Vietnam property market in the hands of large developers: Savills

Vietnam property market in the hands of large developers: Savills

Throughout this year, the Vietnamese real estate market has only truly been active for large, well-established developers, according to Savills Vietnam.

Real Estate - Mon, December 16, 2024 | 8:17 am GMT+7

Top 50 signals the recovery of Vietnam's economy

Top 50 signals the recovery of Vietnam's economy

Vietnam's Top 50 Best-performing Companies of 2024 have solid fundamentals, strong management, and substantial room for growth, says Nguyen Thanh Thao, CEO of Thien Viet Securities Joint Stock Company (TVS).

Companies - Mon, December 16, 2024 | 8:00 am GMT+7

Investment policy adjusted for $59 mln wind power project in central Vietnam

Investment policy adjusted for $59 mln wind power project in central Vietnam

Quang Tri province authorities recently approved an adjustment to the investment policy for Hai Anh wind power plant project, with Hai Anh-Quang Tri Wind Power JSC as its investor.

Energy - Sun, December 15, 2024 | 10:06 pm GMT+7

Latvian man on trial for running loan shark ring with 1,380% interest rate

Latvian man on trial for running loan shark ring with 1,380% interest rate

The Ho Chi Minh City People’s Court is holding the first-instance trial of Aigars Plivės, a 39-year-old Latvian national, for engaging in illegal lending through online platforms with interest rates as high as 1,380% per year, earning VND4.15 trillion ($163.35 million) in illicit profits.

Society - Sun, December 15, 2024 | 8:11 pm GMT+7