Vietnam reopens Dien Bien airport connecting to historic battlefield
Dien Bien Airport in the northern highlands province where the historic 1954 Dien Bien Phu Battle ended France's colonial rule in Indochina will resume operations Saturday.
The airport reopens after implementation of a VND1.5 trillion ($61 million) expansion project that began in January 2022, aiming to increase the airport’s annual capacity to 500,000 passengers from 300,000.
The upgrade will also enable the airport to handle bigger aircraft like the Airbus A320 and A321, local authorities said.
The renovated airport has an aircraft apron with four hangars for A320/A321 aircraft or equivalent and one for ATR72 aircraft or smaller. It is also equipped with auxiliary light systems.
Carriers using the airport have installed check-in and auxiliary systems, according to the Airports Corporation of Vietnam.
Vietnam Airlines and Vietjet Air, the two carriers operating flights to and from Dien Bien Airport, have carried out test flights to ensure resumption of official operations Saturday.
Starting Saturday, budget carrier Vietjet will operate its first direct flight from Ho Chi Minh City to Dien Bien.
National flag carrier Vietnam Airlines will launch daily flights between Hanoi and Dien Bien the same day.
The airport is not far from former battlefield made famous by the defeat of the French colonial regime at the Battle of Dien Bien Phu in 1954. The battle raged for 56 days before Vietnam's decisive victory spelt the end of France's colonial rule in Indochina and paved the way for national independence.
Besides its military history, Dien Bien boasts several scenic spots and landmarks including the Pa Khoang Reservoir, Tham Bang Cave, Ban Phu Citadel and the Museum of Dien Bien Phu Victory.
It is also the only province that shares a border with both Laos and China – two sections of 455.57 km and 414.71 km with the former and 40.86 km with the latter.
Dien Bien plans to develop tourism as a spearhead economic sector and expects this will boost other industries in the locality.
The northern province welcomed more than 790,000 tourists in the first nine months of this year, up 230% over the same period last year. It earned tourism revenues of nearly VND1.4 trillion ($56.98 million), up 65% year-on-year.
Dien Bien is the only airport in the northwestern region, which comprises six provinces, the other five being Hoa Binh, Son La, Lai Chau, Lao Cai and Yen Bai.
- Read More
Indonesia strives to be independent in renewable energy
Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia on Sunday said that the country wants to become not only independent in oil and gas but also in renewable energy.
Southeast Asia - Mon, December 30, 2024 | 5:50 pm GMT+7
Bangkok hotel fire kills three foreigners
A fire broke out at a hotel near Bangkok’s Khao San road, a popular tourist destination, killing three foreigners and injuring seven people, Thailand's Bangkok Fire and Rescue Department said on Monday.
Southeast Asia - Mon, December 30, 2024 | 5:44 pm GMT+7
Amended implementation scheme for Vietnam Power Development Plan VIII
The Vietnamese government has amended the implementation scheme for the National Power Development Plan VIII (PDP VIII), with many adjustments in terms of power generation and transmission line projects.
Energy - Mon, December 30, 2024 | 5:05 pm GMT+7
Vietnam plastics heavyweight Tien Phong appoints CEO for 2025-2029
Board member Chu Van Phuong has been reappointed CEO of Hai Phong-based Tien Phong Plastic JSC for the 2025-2029 tenure.
Companies - Mon, December 30, 2024 | 4:39 pm GMT+7
Vietnam's business climate, strategic position charm foreign investor: WB exec
Vietnam’s business environment and the Vietnamese government’s efforts are two of the three key factors that help the country attract foreign direct investment, according to Andrea Coppola, World Bank’s lead economist and program leader for Vietnam, Cambodia, and Laos.
Economy - Mon, December 30, 2024 | 3:31 pm GMT+7
Vietnam refinery operator BSR to raise charter capital by nearly 64%
Binh Son Refining and Petrochemical JSC (BSR), the operator of Vietnam’s first oil refinery Dung Quat, will increase its charter capital by nearly 64%, from VND31 trillion to VND50.73 trillion ($1.99 billion), via share bonuses and dividends at a total ratio of 61.5%.
Companies - Mon, December 30, 2024 | 3:08 pm GMT+7
Thailand to adopt global minimum tax from early 2025
Thailand will implement a global minimum corporate (GMT) tax of 15% on multinational enterprises from January 1, 2025, the country’s finance ministry said last Friday.
Southeast Asia - Mon, December 30, 2024 | 1:22 pm GMT+7
Sustainable development – A new driver for Vietnam's real estate market
As speculative “flipping” investments in real estate show signs of slowing down, giving way to genuine housing needs, sustainability is gradually becoming the key to enhancing the competitiveness of real estate projects and a core element in urban development planning across Vietnam.
Real Estate - Mon, December 30, 2024 | 11:30 am GMT+7
Volatile commodities prices portend a challenging 2025
Slowing growth and geopolitical risks will weigh on oil and copper although gold will continue to benefit from safe haven demand, writes Heng Koon How, head of markets strategy at Singapore-based bank UOB.
Consulting - Mon, December 30, 2024 | 11:16 am GMT+7
Forbes rich list features six Vietnamese billionaires
Vietnam has six billionaires on the latest Forbes global rich list released on Friday, with three of them posting an increase in their net worth.
Economy - Mon, December 30, 2024 | 11:02 am GMT+7
Vietnam's insurance premium revenue declines in 2024 for second consecutive year
The Vietnamese insurance market's premium revenue in 2024 has continued to decline for the second consecutive year, though the rate of decline slowed down compared to 2023.
Finance - Mon, December 30, 2024 | 9:54 am GMT+7
Vietnam's outstanding real estate projects in 2024
As Vietnam’s real estate market grapples with challenges, several key projects launched in 2024 are injecting fresh momentum into the sector, offering hope for both investors and buyers.
Real Estate - Mon, December 30, 2024 | 8:22 am GMT+7
Vietnam retail major Mobile World buys back shares from departing employees
Mobile World, one of the leading retailers in Vietnam, spent over VND4.3 billion ($169,000) repurchasing more than 431,000 MWG shares from employees who had left the company, at VND10,000 ($0.4) apiece or only 16% of the current market price (VND61,500).
Companies - Sun, December 29, 2024 | 9:08 pm GMT+7
Vietnam’s foreign exchange reserves stand at $80 bln: broker
The State Bank of Vietnam (SBV) sold about $9.4 billion in 2024 to stabilize the exchange rate, resulting in the current reserves of $80 billion, according to Viet Dragon Securities Corporation (VDSC).
Banking - Sun, December 29, 2024 | 4:30 pm GMT+7
S Korea’s Daewoo eyes urban development projects in southern Vietnam province
South Korea’s construction giant Daewoo E&C is keen to join urban development projects in Binh Duong, a key industrial province in southern Vietnam, said an executive.
Real Estate - Sun, December 29, 2024 | 3:02 pm GMT+7
Samsung supplier UTI to invest $35 mln more in northern Vietnam
South Korea-headquartered UTI, Inc., a supplier of Samsung, will invest $35 million in Vietnam’s northern province of Vinh Phuc, an expansion from its previous investment in the neighboring province of Thai Nguyen.
Industries - Sun, December 29, 2024 | 11:00 am GMT+7
- Opinion
-
Vietnam embraces new wave of investments: HSBC exec
-
Chinese e-commerce giant Temu's Vietnam entry: unfair competition or market economy norm?
-
Vietnam's economy: positive changes but concerns persist
-
Slow administrative procedures hinder Korean investments in Vietnam: KoCham chair
-
Abundant real estate opportunities surround HCMC
-
Vietnam needs to modify FDI incentives to stay competitive amid global minimum tax application: expert