Three localities seek to build airports beyond aviation authority plan

By Tri Duc
Tue, September 20, 2022 | 5:00 pm GTM+7

Tuyen Quang, Son La, and Kon Tum provinces are proposing to build Na Hang, Moc Chau, and Mang Den airports, beyond the current plan of the Civil Aviation Authority of Vietnam (CAAV).

The localities made the proposals as the airport planning in 2021-2030, with vision until 2050, is not complete and open to suggestions.

Kon Tum province in the Central Highlands suggested Mang Den airport with a capacity of three-five million passengers a year. The 350-hectare airport is set to have an investment of VND4,000 billion ($169 million) in public-private partnership (PPP) format.

The province said the airport would serve economic and defense-security purposes and bolster the Mang Den tourism area.

Na Hang airport is recommended by Tuyen Quang. The northern province also called for investment in PPP format, aiming to serve tourism and defense-security purposes.

Son La province, also in northern Vietnam, proposed the construction of Moc Chau airport and the upgrade of Na San airport, both in PPP format.

In reply, the Ministry of Transport has agreed to the Na San airport project but rejected Moc Chau airport. It argued that Moc Chau district is set to connect with Noi Bai International Airport via the Hanoi-Hoa Binh-Moc Chau Expressway, which is scheduled to complete in 2030.

Nevertheless, the ministry said Son La province can develop a special airport for tourism for operation of couriers besides common carriers, upon approval of the defense ministry.

Dien Bien Phu Airport in Dien Bien province is the only airport in the northwestern region. Photo courtesy of Young people newspaper.

Dien Bien Phu Airport in Dien Bien province is the only airport in the northwestern region. Photo courtesy of Young people newspaper.

CAAV director Dinh Viet Thang said the agency insists on a network of 28 airports in 2021-2030, featuring 22 operating ones and six to-be-built. The airports would serve 283 million passengers a year, while 95% of the population could reach an airport within 100 kilometers. Until 2050, Vietnam is set to have 14 international airports and 17 domestic ones, or 31 in total.

The CAAV added that the planning does not include Na Hang, Moc Chau, nor Mang Den airports.

Deputy Prime Minister Le Van Thanh had cautioned against airport projects in PPP format at a meeting last week. He said airport projects require large capital, while their small scale and low revenue might require a long time to recoup investments, at up to 50 years.

Some experts warned that the addition of new airports was very unlikely but information on the proposals could strongly impact the property market regardless.

Tran Quang Chau, chairman of the Vietnam Aviation Technology and Science Institute, said the draft plan on airports has taken into account distances between airports, travel demand as well as economic conditions of each locality. "Thus, the proposals by many provinces are not rational."

Airports in Vietnam received 66 million passengers in the first eight months of the year amid the country’s post-Covid-19 recovery. The figure included 61 million domestic travelers, up 19.9% year-on-year; and five million foreigners, down 81.5% from the same period in pre-pandemic 2019.

Comments (0)
  • Read More
Trungnam Group's shortcomings a cause of power purchase deadlock: industry ministry

Trungnam Group's shortcomings a cause of power purchase deadlock: industry ministry

The Trungnam Group's “shortcomings” have led to Vietnam Electricity (EVN) stopping purchase of 40% of its Trung Nam-Thuan Nam solar farm's capacity, says a deputy minister of industry and trade.

Energy - Sun, October 2, 2022 | 11:21 pm GTM+7

Vietnam banking system's bad debts hit 1.7%

Vietnam banking system's bad debts hit 1.7%

The Vietnamese banking system's bad debt ratio remained safe at 1.7% by the end of July, the central bank says in a report sent to the National Assembly’s Economic Committee.

Banking - Sun, October 2, 2022 | 3:51 pm GTM+7

Vietnam earns $40.8 bln from agriculture, fisheries, forestry exports

Vietnam earns $40.8 bln from agriculture, fisheries, forestry exports

Vietnam earned $40.8 billion from exporting agriculture, forestry and fisheries products in the first nine months of this year, up 15.2% year-on-year.

Economy - Sun, October 2, 2022 | 2:22 pm GTM+7

70% of land for Hanoi's Ring Road 4 project ready by next June

70% of land for Hanoi's Ring Road 4 project ready by next June

Hanoi, Bac Ninh and Hung Yen authorities have committed to handing over 1,341 hectares of land, or 70%, before June 30 next year so the Hanoi Ring Road 4 project can break ground as scheduled.

Infrastructure - Sun, October 2, 2022 | 2:00 pm GTM+7

Formosa thermal power plant explosion kills worker

Formosa thermal power plant explosion kills worker

Three workers were conducting maintenance work on gas pipelines at Formosa’s thermal power plant in Ha Tinh province when an explosion occurred, killing one and severely injuring the other two.

Society - Sun, October 2, 2022 | 11:51 am GTM+7

Rules need to make public bond issuance outpace private placement: experts

Rules need to make public bond issuance outpace private placement: experts

Vietnamese regulators need to fasten and simplify legal steps to encourage public bond issuances as enterprises usually opt for private placements, say experts.

Finance - Sun, October 2, 2022 | 10:36 am GTM+7

VN-Index plunges to 30-month low

VN-Index plunges to 30-month low

Vietnam’s benchmark VN-Index fell almost 12% in September compared with August, making it the exchange's biggest one-month drop in 30 months.

Finance - Sun, October 2, 2022 | 8:47 am GTM+7

Vietnam welcomes 1.87 mln foreigners, South Koreans in the lead

Vietnam welcomes 1.87 mln foreigners, South Koreans in the lead

Vietnam welcomed 1.87 million foreign visitors in the first nine months of the year, up 16.4 times year-on-year, with South Korea and the U.S. leading the pack.

Travel - Sat, October 1, 2022 | 8:26 pm GTM+7

US firm Molex expands Vietnam facility with solar panel installation

US firm Molex expands Vietnam facility with solar panel installation

Molex, a U.S. manufacturer of electronic, electrical and fiber optic connectivity systems, has expanded its manufacturing facility in Hanoi with solar panel installation.

Industries - Sat, October 1, 2022 | 6:46 pm GTM+7

EVN, Trungnam Group hold talks on solutions for solar power usage deadlock

EVN, Trungnam Group hold talks on solutions for solar power usage deadlock

State-owned Vietnam Electricity (EVN) has asked Trungnam Group to put the 172-megawatt capacity portion without a pricing mechanism of its 450 MW solar farm in Ninh Thuan into the competitive power generation market.

Energy - Sat, October 1, 2022 | 3:54 pm GTM+7

Danish firm Spectre opens third Vietnam factory in An Giang

Danish firm Spectre opens third Vietnam factory in An Giang

Spectre, a Danish maker of functional garments for outdoor sports brands, started operating its $17 million factory in An Giang province Friday, the company’s third in Vietnam.

Industries - Sat, October 1, 2022 | 3:06 pm GTM+7

Foreign firm accountant gets death sentence in $9.6 mln corruption case

Foreign firm accountant gets death sentence in $9.6 mln corruption case

A Dong Thap province court on Friday handed a death sentence to Nguyen Trung Thanh, chief accountant of Filipino-invested Pilmico Vietnam, on corruption charges.

Society - Sat, October 1, 2022 | 2:43 pm GTM+7

Vietnam’s nation brand valued at $431 billion

Vietnam’s nation brand valued at $431 billion

Vietnam has seen the third biggest brand value gain over the course of the pandemic in absolute terms, up $184 billion year-on-year to $431 billion in 2022, says London-based Brand Finance.

Economy - Sat, October 1, 2022 | 11:22 am GTM+7

Former deputy health minister gets year off jail term

Former deputy health minister gets year off jail term

An appeals court in Hanoi has reduced the jail term for former deputy minister of health Truong Quoc Cuong to three years, one year less than sentence awarded by the court of first instance in May.

Society - Sat, October 1, 2022 | 11:05 am GTM+7

Fever cools, townhouse, villa segment turns lethargic in major cities

Fever cools, townhouse, villa segment turns lethargic in major cities

Liquidity in the townhouse and villa segment, once feverishly high in both Hanoi and Ho Chi Minh City, has been drying up in recent months.

Real Estate - Sat, October 1, 2022 | 9:50 am GTM+7

AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

AES gets ministerial nod for 2,250 MW LNG power project in Binh Thuan

American energy corporation AES has received in-principle approval from the Ministry of Industry and Trade for its VND50,432 billion ($2.11 billion) Son My 2 LNG-to-power project in the south-central province of Binh Thuan.

Energy - Fri, September 30, 2022 | 9:24 pm GTM+7