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
Key factors helping firms export to demanding markets: DH Foods exec

Key factors helping firms export to demanding markets: DH Foods exec

Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.

Consulting - Thu, October 23, 2025 | 8:00 am GMT+7

Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam

Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam

Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).

Finance - Wed, October 22, 2025 | 9:00 pm GMT+7

Real estate major Novaland wins key approval for $5 bln project in central Vietnam

Real estate major Novaland wins key approval for $5 bln project in central Vietnam

Novaland Group (HoSE: NVL), one of Vietnam’s leading property developers, has received investment approval for its flagship project worth $5 billion in the central province of Lam Dong after years of delay due to legal obstacles.

Real Estate - Wed, October 22, 2025 | 4:20 pm GMT+7

Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges

Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges

Tien Phong Plastic (HNX: NTP) recorded pre-tax profit of nearly VND949 billion ($36.04 million) in the first nine months of the year, exceeding its full-year target by 10.85%, while Binh Minh Plastic (HoSE: BMP) achieved record net profit of VND350 billion ($13.29 million) in Q3, surpassing its VND330 billion milestone set in the previous quarter.

Companies - Wed, October 22, 2025 | 4:17 pm GMT+7

Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships

Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships

A series of cooperation agreements were signed between Vietnam and Finland on Tuesday, within the framework of Party chief To Lam's official visit to Helsinki, while bilateral relationship was lifted to a "strategic partnership".

Economy - Wed, October 22, 2025 | 12:43 pm GMT+7

Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam

Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam

Industrial park developer Trung Nam Ca Na is seeking approval to convert about 170 hectares of agricultural and forest land for the construction of a VND3,875 billion ($147 million) project in Vietnam’s central coastal province of Khanh Hoa.

Industrial real estate - Wed, October 22, 2025 | 10:54 am GMT+7

PV Power's arm posts 5-fold jump in Q3 profit on margin recovery

PV Power's arm posts 5-fold jump in Q3 profit on margin recovery

PetroVietnam Power Nhon Trach 2 JSC (HoSE: NT2) reported a sharp rebound in third-quarter earnings as improved margins and higher revenue lifted profits nearly fivefold from a year earlier.

Companies - Wed, October 22, 2025 | 8:37 am GMT+7

TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

TCBS overtakes SSI to become Vietnam’s largest securities company by market cap

Over 2.3 billion shares of Techcom Securities JSC (TCBS) debuted on the Ho Chi Minh City Stock Exchange (HoSE) on Tuesday. The stock, TCX, recorded the highest price and the largest market capitalization in the Vietnamese securities sector.

Finance - Tue, October 21, 2025 | 10:27 pm GMT+7

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil industry becomes investment magnet

Indonesia’s palm oil sector attracted IDR52.7 trillion, or approximately $3.2 billion, in investment during the first nine months of this year, with the money going into enabling the country to capture more value out of its top commodity, the country’s Ministry of Investment reported.

Southeast Asia - Tue, October 21, 2025 | 9:34 pm GMT+7

Indonesia reports strong job, investment growth

Indonesia reports strong job, investment growth

The Indonesian Coordinating Ministry for Economic Affairs reported strong job and investment growth during the first year of President Prabowo Subianto’s administration, compared with the first year under his predecessor.

Southeast Asia - Tue, October 21, 2025 | 9:29 pm GMT+7

Singapore grants conditional approval for 1GW low-carbon power import from Malaysia

Singapore grants conditional approval for 1GW low-carbon power import from Malaysia

Singapore has granted conditional approval to import 1 GW of low-carbon electricity from the Malaysian state of Sarawak, marking a new phase in the energy partnership between the two countries.

Southeast Asia - Tue, October 21, 2025 | 9:26 pm GMT+7

Margin lending in Vietnam’s stock market hits record, but not worrisome

Margin lending in Vietnam’s stock market hits record, but not worrisome

Despite margin debt in Vietnam’s stock market surging sharply, experts believe that current margin pressure is not yet a major concern as top securities firms have significantly strengthened their capital buffers.

Finance - Tue, October 21, 2025 | 4:23 pm GMT+7

Lenders in Vietnam now in low-rate lending race: ACB exec

Lenders in Vietnam now in low-rate lending race: ACB exec

The biggest “headache” for banks in Vietnam now is that profit margins are getting thinner, said CEO of Asia Commercial Bank (ACB) Tu Tien Phat.

Banking & Finance - Tue, October 21, 2025 | 4:00 pm GMT+7

PV Gas - 35 years of innovation and technological leadership in Vietnam’s gas industry

PV Gas - 35 years of innovation and technological leadership in Vietnam’s gas industry

Over the past 35 years of establishment and development (1990-2025), PV Gas, a subsidiary of state-owned giant Petrovietnam, has affirmed its pioneering position in Vietnam’s gas industry, marked by a series of groundbreaking achievements in science and technology.

Companies - Tue, October 21, 2025 | 3:45 pm GMT+7

Vietnam's consumer finance major F88 achieves 90% of year's profit target after 9 months

Vietnam's consumer finance major F88 achieves 90% of year's profit target after 9 months

F88 Investment JSC (F88), a leading consumer finance company in Vietnam, reported a cumulative pre-tax profit of VND603 billion ($22.88 million) in the first nine months of 2025, a 2.5-fold increase year-on-year, reaching 90% of its full-year target of VND673 billion.

Companies - Tue, October 21, 2025 | 3:15 pm GMT+7

Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

Vietnam corporate earnings to be driven by credit expansion, trading activity, property recovery

With Q3 earnings season underway, results are expected to come in broadly in line with expectations. Financials should remain the largest contributors, benefiting from credit expansion and trading activity, while real estate continues to recover as project launches and sales rates improve, writes Tung Dang, associate director at Dragon Capital.

Economy - Tue, October 21, 2025 | 2:33 pm GMT+7