First private airport in Vietnam to open in Q2 2018
Van Don International Airport, the first airport invested by a private business in Vietnam, is scheduled to be operational in late June 2018.
The airport, which is located in the northern province of Quang Ninh’s Van Don Island, was invested with nearly VND7.5 trillion (US$330 million) by property developer Sun Group.Authorities have so far urged relevant agencies to complete remaining works to be able to put the airport into operation as scheduled.
Accordingly, the municipal Department of Transport has been asked to complete procedures on planning and investments at the airport while the Department of
Tourism must develop a market promotion plan for the airport and report it to the committee before the end of this month.
Van Don Airport is designed to serve two million passengers a year by 2020.
|
In addition, the developer must actively cooperate with carriers such as Vietnam Airlines and Vietjet for support and consultancy on the first flights. It will also have to study and raise policies to encourage carriers to start flights to Van Don.
The airport started construction in 2015 and is the first airport project in Viet Nam developed under build-operate-transfer (BOT) format, with a payback period of 45 years.
In February, Prime Minister Nguyen Xuan Phuc approved the policy to upscale the airport from a domestic to international airport.
The airport’s 3.6km runway is nearly complete and the developer is hastening construction of other works to put the airport into operation. Besides, two additional parking lots will be built and the lighting system will be upgraded to receive large aircraft like A350s and B787s.
It is designed to serve two million passengers a year by 2020 and will be expanded to serve five million passengers annually by 2030 if demand for travel through the airport increases.
The airport, a key project in Van Don Economic Zone, will also be able to accommodate military aircraft.
It is expected to help attract investment and tourists to Van Don Island and Ha Long Bay.
The Government has so far also gave nod to develop Van Don into a special administrative-economic unit of the northern region.
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
- Foreign companies confirm investment expansion in Vietnam in 2025
- PM invites Skoda to manufacture electric vehicles in Vietnam
- US Berggruen Holdings to help Vietnam set up investment funds
- Vietnam releases Esports White Book 2022-2023
- Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
- Better links with FDI firms to support Hanoi businesses