Vietnam plans two new airports for central region
Vietnam’s central region is set to build new airports in Binh Thuan, Quang Tri and Quang Tri provinces, according to the Ministry of Transport’s newly-released plan for developing air transport in the region until 2030 with a vision to 2045.
The ministry issued the plan a few days after the national airport plan for 2021-2030 with a vision to 2050 was signed by Deputy Prime Minister Tran Hong Ha on June 7. The ministry targets to develop the airport network along with the national logistics system, seaports, border gates, and trade corridors in the region.

An illustration of Phan Thiet airport project. Photo courtesy of Young People newspaper.
The ministry also plans to upgrade the current network of nine airports in the region, build logistics centers for Danang and Chu Lai airports in Danang city and the neighboring province of Quang Nam, and logistics centers for other airports with an annual capacity of over 250,000 tons.
To fulfill these goals, the ministry is looking to complete a legal framework related to investment under the public-private partnership (PPP) model and policies for private investment in infrastructure.
The ministry is also encouraging businesses to invest in container vehicles for railways and inner waterways, and the establishment of large logistics firms capable of running both domestic and international routes.
Phan Thiet is currently a civil-military airport in Binh Thuan province. Major industry and construction corporation Rang Dong Group was appointed as the investor of the initial build-operate-transfer (BOT) project to upgrade Phan Thiet airport to a 4C level in 2013.
Later, a further upgrade to level 4E at the civil-military airport was approved to expand its capacity to two million passengers a year. After the plan was updated, a review was needed to establish whether Rang Dong Group could continue or if another investor was needed.
Binh Thuan province's search for a new investor in the project under the BOT format is ongoing as the province struggles to find suitable candidates with experience in building airports, said Binh Thuan Vice Chairman Nguyen Minh at a press conference in January.
Quang Tri province currently has no airport. The nearest ones are Dong Hoi and Phu Bai in the neighboring provinces of Quang Tri and Thua Thien-Hue, both about 100 kilometers away. Quang Tri province is hoping to kick off the construction of the airport this year, Quang Tri Vice Chairman Le Duc Tien said in January.
Quang Tri airport received in-principle approval from the Prime Minister in December 2021. The 265.3-hectare project in Gio Linh district is set to follow the PPP format with an investment of VND5.82 trillion ($247.5 million). The project will be handed over by the private investor after 50 years.
- Read More
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7