Northern Vietnam province Hung Yen eyes building int’l airport after 2030

Hung Yen province, home to the $1.5 billion Trump International Hung Yen project, has proposed developing an international airport as part of its priority investment list for the 2026-2030 period, with a vision to 2050.

In a draft revision of its provincial master plan released for public consultation, Hung Yen said it would study investment in an international airport in Dong Chau commune after 2030, in line with Vietnam’s national master plan for airport development.

Hung Yen province lies about 60 km southeast of Hanoi. Dong Chau was located in the former Thai Binh province, now part of Hung Yen after their merger in July.

Beyond the airport proposal, Hung Yen leaders outlined a broad list of projects spanning transport, urban development, tourism, and commercial infrastructure.

In trade, services, and tourism, the province listed more than 20 projects. The largest is the 1,500-hectare Thuy Truong eco-tourism complex in Dong Thuy Anh commune, followed by the 1,150-hectare Con Den coastal eco-resort and the 837-hectare Dong Chau seaside tourism project.

Provincial authorities also proposed investing in two exhibition and fair centers, each about 15 hectares, located in Thai Binh and Pho Hien wards.

The draft plan includes a series of urban developments, such as a 7.5-hectare provincial administrative complex in Pho Hien ward, eco-urban projects along the Red River corridor, and a provincial sports complex, also planned for Pho Hien.

Provincial authorities said the master plan update aims to capitalize on economies of scale following recent administrative consolidation and to create new growth drivers.

Hung Yen has set a target of becoming a centrally governed city by 2030, with development centered on a multi-nodal urban–rural network integrated with the Red River landscape, heritage routes, and stronger connectivity with Hanoi.

Vietnam currently has six centrally governed cities including Hanoi, Hai Phong, Danang, Hue, Ho Chi Minh City, and Can Tho.

The merger of Hung Yen and Thai Binh has consolidated Hung Yen's position as one of the major industrial hubs in northern Vietnam. As of September, Hung Yen had attracted nearly $42 billion in registered FDI capital across 3,947 projects. In the first nine months of 2025, it drew over $7 billion in registered capital for new projects, ranking sixth nationwide.

In May, the Trump Organization and local developer Kinh Bac broke ground on a $1.5 billion golf, eco-tourism, and urban complex in Hung Yen. The mega project spans nearly 990.43 hectares across six communes in the former Khoa Chau district. Construction is scheduled to be completed by Q2/2029.

In October, Vietnamese conglomerate Geleximco Group and China’s Chery Automobile broke ground for their $319 million GEL-O&J automobile plant in the province.

The same month, Vietnam’s Ministry of Public Security started work on a 60,000-seat domed stadium in the province, set to become the country’s most technologically advanced sports venue.

Also in October, logistics firm SPX Express (SPX) and Frasers Property Vietnam began construction of an automated sorting center in Hung Yen, set to become SPX’s largest facility in Southeast Asia when it begins operations in 2027.

The Thai Binh LNG power plant project, developed by Thai Binh LNG Power JSC - a joint venture between Japan’s Tokyo Gas (40%), Kyuden International (30%), and Vietnam’s Truong Thanh Group (30%), broke ground in Hung Yen on October 10.

However, investors of the $2.56 billion LNG-fired power plant have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.

Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), recently received in-principle approval from Hung Yen province’s authorities for its 235-hectare Ly Thuong Kiet Industrial Park – Phase 1 project. The VND2.8 trillion ($106.35 million) project is expected to begin handing over infrastructure-ready plots to tenants from late 2026.

Hung Yen authorities in November proposed the Ministry of Construction include their Diem Dien port area in the country's master plan for seaport development from 2021-2030, with a vision to 2050.