Vietnam aviation authority seeks to expand capacity of key airports
The Civil Aviation Authority of Vietnam (CAAV) has proposed that the Cat Bi, Van Don, Danang and Chu Lai airports be allowed to expand their capacities by 2030 and 2050.
These airports serve key localities in the north and central regions. The expansions are part of a report submitted to the Ministry of Transport on a 2021-2030 plan for the country’s airports with vision until 2050.
The CAAV proposes that the Cat Bi Airport in the northern port city of Haiphong raises its capacity to 13 million passengers by 2030 from the current eight million.
For the Van Don Airport in the northern coastal province of Quang Ninh, which now serves 2.5 million passengers annually, the proposed expansion will serve 12 million passengers by 2030 and 20 million by 2050.
The Danang airport in the central eponymous city has a current capacity of 10 million passengers a year. The proposal says it should be able to serve 25 million passengers by 2030 and 30 million by 2050.
A doubling of the capacity from the current five million to serve 10 million passengers by 2030 is envisaged for the Chu Lai airport in the central province of Quang Nam. This would further expand to 30 million passengers by 2050.
Hai Phong is a manufacturing and logistics hub in northern Vietnam, while the island district of Van Don in Quang Ninh province is home to the Van Don Economic Zone and is very near the UNESCO heritage site of Ha Long Bay.
Danang is the business and tourism hub of central Vietnam, while Chu Lai airport is located in the Chu Lai Open Economic Zone in Quang Nam province, an emerging manufacturing hub, also in the central region.
Vietnam currently operates 22 civil airports, including 10 international and 12 domestic ones, which have already exceeded their designed capacity of 95 million passengers.
As per the draft plan, Vietnam will operate 28 civil airports with a capacity of 283 million in 2021-2030. In 2050, the country will have 31 airports.
For the 2021-2030 period, the CAAV has also proposed that authorities transform the Thanh Son and Bien Hoa airbases, which are located in Ninh Thuan province and Dong Nai province respectively, into military-civil airports. The government has already asked relevant agencies to study this prospect and report to it by September.
The CAAV has also recommended construction of new airports. These include two on the Ly Son and Phu Quy islands for socioeconomic and defense purposes; the Haiphong airport in Tien Lang district of Haiphong city; and a second airport for Hanoi, in addition to Noi Bai.
In the first eight months of this year, airports in Vietnam served 66 million passengers - 61 million domestic and five million international, the CAAV said in its latest report. A total of 178,010 flights were operated, of which 39,894 were delayed.
The number of domestic and international figures increased 19.9% and decreased 81.5%, respectively, over the same period in pre-pandemic 2019.
- Read More
Q3 earnings of Vietnam’s listed firms up 21.6%: FiinGroup
Net profits of listed companies in Vietnam increased 21.6% year-on-year in the third quarter of this year, maintaining a stable growth rate since the start of this year, according to local financial data provider FiinGroup.
Finance - Mon, November 4, 2024 | 9:31 am GMT+7
Thailand SCG’s revenue in Vietnam up 15% to $1.1 bln in Jan-Sept
Thailand’s Siam Cement Group (SCG) recorded a revenue of THB36.71 billion ($1.08 billion) in Vietnam in the first nine months of this year, up 14.7% year-on-year.
Companies - Mon, November 4, 2024 | 8:00 am GMT+7
Nghiem Xuan Thanh appointed Party chief of Khanh Hoa province
Nghiem Xuan Thanh, Party chief of Hau Giang province, was appointed by the Politburo, the country’s supreme decision-making body, to be Khanh Hoa province’s Party chief for the 2020-2025 term.
Politics - Sun, November 3, 2024 | 7:45 pm GMT+7
Thailand seeks FTA negotiations with Eurasian Economic Union
Thailand is holding talks with Russia to expedite negotiations for a free trade agreement (FTA) with the Eurasian Economic Union (EAEU).
Southeast Asia - Sun, November 3, 2024 | 7:20 pm GMT+7
Indonesia attracts foreign investment in technology sector
As many as 19 Australian companies have expressed an interest in investing in Indonesia's technology sector, Communication and Digital Affairs Minister Meutya Hafid said on Thursday.
Southeast Asia - Sun, November 3, 2024 | 7:18 pm GMT+7
Robots work hard, don’t argue: Viettel exec counsels effective use of technology
Small businesses in logistics should look to use existing tools, software and technology solutions effectively, says Dinh Thanh Son, deputy CEO of Viettel Post.
Companies - Sun, November 3, 2024 | 4:30 pm GMT+7
Vietnamese multi-sector group Masan uses AI to forecast product sales: executive
AI has helped Masan Group forecast the number of items likely to be sold during peak season based on available data and to optimize product placement, says An Luong, head of the corporation’s artificial intelligence & data science division.
Companies - Sun, November 3, 2024 | 2:51 pm GMT+7
Vietnam needs large, specialized logistics centers to compete better: official
Vietnam needs large-scale, specialized logistics centers that will enable greater competitiveness of local economies and enterprises, says Tran Thanh Hai, deputy head of the Ministry of Industry and Trade's agency of foreign trade.
Economy - Sun, November 3, 2024 | 11:00 am GMT+7
Vietnam manufacturing sector sees 35% increase in Q3 job orders: Adecco
Vietnam’s manufacturing and sourcing sectors saw a substantial 35% year-on-year increase and a 52% quarter-on-quarter increase in Q3/2024 job orders, global workforce solutions provider Adecco said in a reseach report released Thursday.
Economy - Sun, November 3, 2024 | 9:00 am GMT+7
Construction majors to continue capitalizing on public investment projects
Vietnamese construction giants are expected to continue capitalizing on public investment projects for the remainder of this year after delivering strong performances in the third quarter, analysts say.
Companies - Sun, November 3, 2024 | 8:00 am GMT+7
Former Government Office chairman receives $7,900 bribe from property project
Mai Tien Dung, former Minister-Government Office Chairman, received a bribe worth VND200 million ($7,900) from Nguyen Cao Tri, owner of the Dai Ninh eco-resort and urban area project in Lam Dong province.
Society - Sat, November 2, 2024 | 9:13 pm GMT+7
Thai food giant CP enters public-private partnership to promote food system transformation
Thai-invested C.P. Vietnam Livestock JSC and the Partnership for Sustainable Agriculture Vietnam (PSAV) signed a memorandum of understanding Friday on working together to advance sustainable agriculture in the country.
Companies - Sat, November 2, 2024 | 7:16 pm GMT+7
Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year
Vietnam’s central province of Quang Ngai will work with the investor to have construction of VSIP II Quang Ngai, a facility based on the Vietnam-Singapore Industrial Park (VSIP) model, begin in August 2025.
Industrial real estate - Sat, November 2, 2024 | 3:47 pm GMT+7
Vietnam likely to grow 6.5% in 2024-2025: VinaCapital
VinaCapital, among the biggest foreign-run asset managers in Vietnam, has forecast the country’s economy to achieve 6.5% growth in both 2024 and 2025, with the composition of the expansion to change to more domestically driven factors next year.
Economy - Sat, November 2, 2024 | 2:00 pm GMT+7
Major Vietnamese developer Novaland appoints new CEO
Duong Van Bac, who joined Novaland as chief financial officer in August 2023, has been appointed general director, starting Friday.
Companies - Sat, November 2, 2024 | 10:24 am GMT+7
Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3
Ho Chi Minh City-based Bamboo Capital Group recorded an after-tax profit of VND331.2 billion ($13.1 million) in the third quarter of 2024, an astounding 36-fold expansion year-on-year.
Southeast Asia - Sat, November 2, 2024 | 9:41 am GMT+7