Thanh Hoa province proposes new terminal at Tho Xuan airport

By The Investor/VietnamPlus
Sat, July 9, 2022 | 7:06 pm GMT+7

Thanh Hoa People’s Committee is proposing the Ministry of Transport attracts investment toward the second passenger terminal at the central province's Tho Xuan Airport.

Tho Xuan airport in Thanh Hoa province, central Vietnam. Photo courtesy of the Ministry of Transport.

Tho Xuan airport in Thanh Hoa province, central Vietnam. Photo courtesy of the Ministry of Transport.

Per the proposal, the province asked the ministry to consider attracting capable businesses and investors or arrange other capital sources from the state budget for the construction of the terminal and infrastructure in the 2022-2025 period.

Earlier, the locality received a notice from the Airports Corporation of Vietnam (ACV), which is managing and operating the Tho Xuan airport, saying the investment project worth some VND2.12 trillion ($90.83 million) is not included in its medium-term public investment plan for the 2021-2025 period, but has been earmarked for investment after 2025. According to the project, the T2 terminal is designed to be capable of serving five million passengers a year.

The transport ministry in June 2020 approved a plan for the airport for the 2021-2030 period with a vision to 2050. It stipulated that the 10-year period will see the expansion and upgrade of the existing passenger terminal T1, and the construction of T2 and a cargo terminal, with a handling capacity of 27,000 tons per year.

Currently, T1 is overloaded as it struggles to handle domestic routes. The terminal is not designed to handle international routes as there is no isolation area for international arrivals, entry, exit, or customs management areas.

Investment in building T2 and other infrastructure as approved for the 2021-2025 period is timely to help the Tho Xuan airport develop, said the provincial People’s Committee.

Tho Xuan Airport was put into operation in February 2013. Its average number of passengers in the 2013-2015 period soared by 160% annually.

The T1 was opened in January 2016, capable of handling 1.2 million passengers a year. In the 2016 - 2020 period, the airport’s passenger throughput grew by 17% on an annual average. In the first five months of 2022, the terminal received 671,000 arrivals, projected to hit 1.4 million by the year’s end.

Thanh Hoa is seen as a hidden gem in central Vietnam, with huge potential for developing tourism on the back of its diverse and rich tourism resources.

Known as a "miniature Vietnam", Thanh Hoa is host to all of the country’s terrains, from mountain, midland, to plain and coast, with many beautiful landscapes and valuable historical-cultural vestiges. The province also has a system of infrastructure and technical facilities for tourism that is constantly expanding, and gradually improving in quality.

The province is home to a variety of beautiful beaches, namely the popular Sam Son brown sand beach in the city of the same name. There is also Hai Tien Beach in Hoang Hoa district, Tien Trang Quang Xuong Beach in Quang Xuong district, and Hai Hoa, Hai Thanh, and Bai Dong beaches in Tinh Gia district.

In recent years, Thanh Hoa has become one of the top cities and provinces in terms of tourism growth nationwide. During the 2016-2019 period, the number of tourist arrivals in the province grew by 15.2% annually. Tourism revenue rose by 31.7% year-on-year, contributing greatly to local socio-economic development.

With cases declining and Covid-19 under relative control for now, Thanh Hoa tourism is bustling again with the reopening of all tourist destinations. The province has an image as a safe, friendly and attractive destination, highlights prompting visitors to travel to the locality.

Comments (0)
  • Read More
Foreign investors hold over 10% stake in CAEX after capital hike

Foreign investors hold over 10% stake in CAEX after capital hike

Vietnam Prosperity Crypto Asset Exchange JSC (CAEX) has completed a capital increase from VND25 billion to VND10 trillion ($380 million), with foreign investors holding a 10.6% stake.

Finance - Mon, April 20, 2026 | 8:00 am GMT+7

Are foreign capital flows gradually returning to Vietnamese stocks?

Are foreign capital flows gradually returning to Vietnamese stocks?

Foreign investors have remained net sellers of more than VND6.63 trillion ($251.76 million) on Vietnam’s stock market since April 8, though several sessions of net buying have re-emerged, with most of the net selling concentrated in a handful of large-cap stocks such as VIC, VHM and VPL.

Finance - Mon, April 20, 2026 | 7:30 am GMT+7

Military Bank seeks to make foreign corporate clients a key growth driver

Military Bank seeks to make foreign corporate clients a key growth driver

Military Bank (HoSE: MBB) has applied to set up representative offices in Singapore, South Korea, Taiwan and mainland China as the Vietnamese lender seeks to make foreign corporate clients a key growth driver.

Banking - Sun, April 19, 2026 | 3:21 pm GMT+7

HCMC calls for investment in dozens of mega projects for 2026-2030

HCMC calls for investment in dozens of mega projects for 2026-2030

Ho Chi Minh City is seeking investment for a wide range of large-scale projects worth trillions of VND (VND1 trillion = $37.97 million) across key sectors in the 2026-2030 period, as the Vietnamese metropolis accelerates its transformation into a high-tech, logistics and services hub.

Investing - Sun, April 19, 2026 | 11:00 am GMT+7

HCMC eyes $1.67 bln Long Thanh-Ho Tram expressway to boost tourism connectivity

HCMC eyes $1.67 bln Long Thanh-Ho Tram expressway to boost tourism connectivity

Authorities in Ho Chi Minh City have proposed a VND44 trillion ($1.67 billion) expressway linking the city's Ho Tram tourism hub with Long Thanh Internatipnal Airport in neighboring Dong Nai province, aiming to strengthen regional connectivity and unlock the tourism potential of Vietnam’s southeastern coast.

Infrastructure - Sun, April 19, 2026 | 8:00 am GMT+7

Vietnam welcomes US investment in energy, technology, telecom infrastructure: Prime Minister

Vietnam welcomes US investment in energy, technology, telecom infrastructure: Prime Minister

Vietnam will create the most favorable conditions and accelerate reforms to help U.S. businesses expand and succeed in the country, Prime Minister Le Minh Hung said during a Thursday meeting with 52 leading American companies.

Economy - Sat, April 18, 2026 | 3:12 pm GMT+7

Sun Group proposes $1.1 bln administrative hub project in Ho Chi Minh City

Sun Group proposes $1.1 bln administrative hub project in Ho Chi Minh City

A unit of Vietnam's leading real estate developer Sun Group has proposed a nearly VND29.59 trillion ($1.12 billion) investment to develop a new administrative center and central square in Ho Chi Minh City's Thu Thiem new urban area, marking one of the most ambitious urban governance projects in the metropolis in recent years.

Real Estate - Sat, April 18, 2026 | 12:44 pm GMT+7

Moc Chau Milk's Q1 profit jumps 68% as margin gains signal strong start to 2026

Moc Chau Milk's Q1 profit jumps 68% as margin gains signal strong start to 2026

Moc Chau Milk (HoSE: MCM), the oldest dairy firm in Vietnam, reported a sharp rebound in profitability in the first quarter of 2026, with net profit rising 67.7% year-on-year to VND80.1 billion ($3.04 million), driven by improved margins and stronger core operations.

Companies - Sat, April 18, 2026 | 10:07 am GMT+7

Firms with hundreds of thousands of shareholders signal strong expansion of Vietnam’s stock market

Firms with hundreds of thousands of shareholders signal strong expansion of Vietnam’s stock market

A sharp rise in investor participation is not only reflected in a surge of new brokerage accounts, but also in the rapidly expanding shareholder bases of listed companies.

Finance - Sat, April 18, 2026 | 8:00 am GMT+7

Gemadept, CMA CGM start work on phase 2 of flagship port in HCMC

Gemadept, CMA CGM start work on phase 2 of flagship port in HCMC

Vietnam’s leading port and logistics operator Gemadept (HoSE: GMD) and its strategic French partner CMA CGM have broken ground on phase two of the Gemalink deep-water port in Ho Chi Minh City, as cargo volumes and vessel sizes continue to expand.

Infrastructure - Fri, April 17, 2026 | 9:14 pm GMT+7

Hoang Anh Gia Lai Group to pay cash dividends only, plans to downsize charter capital

Hoang Anh Gia Lai Group to pay cash dividends only, plans to downsize charter capital

Hoang Anh Gia Lai (HoSE: HAGL) will not issue new shares and plans to buy back shares to reduce its charter capital to VND9 trillion ($341.77 million), chairman Doan Nguyen Duc said, adding the company will only pay dividends in cash going forward.

Companies - Fri, April 17, 2026 | 3:44 pm GMT+7

NovaGroup names Bui Cao Nhat Quan as chairman in leadership transition

NovaGroup names Bui Cao Nhat Quan as chairman in leadership transition

Vietnam’s NovaGroup, which operates in real estate development, tourism and entertainment, has appointed Bui Cao Nhat Quan as chairman, succeeding his father Bui Thanh Nhon, as part of a broader leadership reshuffle aimed at supporting its restructuring and next growth phase.

Companies - Fri, April 17, 2026 | 2:09 pm GMT+7

FPT signs multi-million-dollar AI deal with global materials group

FPT signs multi-million-dollar AI deal with global materials group

FPT Corporation, a leading technology company, has signed a contract worth tens of millions of U.S. dollars with a leading global materials manufacturer, marking a new step in its strategy to expand AI services in Europe.

Companies - Fri, April 17, 2026 | 1:19 pm GMT+7

Masan High-Tech Materials bets on tungsten rally to deliver up to $95 mln profit in 2026

Masan High-Tech Materials bets on tungsten rally to deliver up to $95 mln profit in 2026

Masan High-Tech Materials (UPCoM: MSR), a leading industrial mineral producer in Vietnam, is positioning for a sharp earnings rebound in 2026 as surging tungsten prices, driven by AI demand and tightening global supply, reshape the outlook for one of the world’s largest tungsten producers outside China.

Companies - Fri, April 17, 2026 | 7:36 am GMT+7

FPT chairman says company undergoing strong 'rebirth'

FPT chairman says company undergoing strong 'rebirth'

FPT Corporation (HoSE: FPT), a leading technology firm in Vietnam, is undergoing a strong “rebirth” as it positions to master core technologies and compete with leading global digital transformation and artificial intelligence firms within the next decade, chairman Truong Gia Binh said on Thursday.

Companies - Fri, April 17, 2026 | 7:31 am GMT+7

Energy, high-tech industries key pillars of future Vietnam-US cooperation: deputy minister

Energy, high-tech industries key pillars of future Vietnam-US cooperation: deputy minister

Energy security, anchored by LNG and renewable energy, alongside high-tech industry development, digital infrastructure, e-commerce, logistics, healthcare, agriculture, and market management will form the backbone of future cooperation between Vietnam and the U.S.

Economy - Thu, April 16, 2026 | 5:11 pm GMT+7