Tung Anh Tan Son Nhat International Airport,source Internet A number of American businesses have worked with the Ministry of Transport (MoT) on the possibility of joining the Terminal 3 project at Tan Son Nhat International Airport, alongside other parties from Japan, Spain, the UK, and South Korea that have a similar interest in the VND11.43 trillion ($497 million) project. The race to get involved in the new project heated up as more Vietnamese businesses showed an interest. FLC Group, Imex Pan Pacific (IPP), and Vietjet are the prominent names on the list. Nevertheless, despite their growing interest, there are currently few opportunities for them. The MoT in late March proposed the government select Airports Corporation of Vietnam (ACV) as the investor of the project, which completed a pre-feasibility study in February. “We have made thorough considerations before making the proposal [to appoint ACV as the investor]. Private domestic and … [Read more...] about Private hands tied in airport projects
Airport project finance
The Hanoitimes - Van Don International Airport is the first airport in Vietnam built with private investment of Sun Group under the BOT investment form. The Van Don International Airport, the first airport in Vietnam built by privately-run Sun Group under the Build-Operate-Trnasfer investment form, has passed the quality inspection by the State Appraisal Council and will be opened on December 30. Van Don International Airport. Photo: anninhthudo.vn According to Le Quang Hung, deputy minister of Construction and vice chairman of the State Appraisal Council, the airport has been qualified to become operational. A number of airlines have plans to launch air routes to and from the Van Don International Airport. Specifically, Vietnam Airlines will launch flights connecting Ho Chi Minh City and Quang Ninh province starting December 30. This is the key content of a strategic cooperation agreement between the Quang Ninh Provincial People’s Committee and … [Read more...] about Vietnam’s first privately-run airport to come online on December 30
Aircraft parked at Noi Bai International Airport in Ha Noi. — VNA/VNS Photo Huy Hung The Ministry of Transport was assigned to draw up an expansion plan in order to raise the annual capacity of Noi Bai International Airport to between 80 and 100 million passengers by 2050. Deputy Prime Minister Trinh Dinh Dung made the request on Tuesday. Noi Bai is Viet Nam’s most important airport and the international gateway of the country’s northern region. The airport has received investment for upgrades in recent years to meet the socio-economic development requirements of the capital city and the northern provinces. The airport currently handles more traffic than its intended capacity. This year, the airport has suffered from overloading, resulting in the deterioration of runways, taxiways and aprons. According to the deputy PM, the aviation sector has seen significant growth between 2015-2017, growing about 23 per cent in passenger numbers and 15.5 per cent in cargo. This … [Read more...] about Noi Bai Airport to raise capacity
VietNamNet Bridge – Deputy Minister of Transport Le Dinh Tho talks to the Vietnam News Agency about some localities’ proposals to build new airports and the issue of air fare management in the past. Le Dinh Tho. — Photo tcnn.vn The authorities of Ba Ria - Vung Tau Province have agreed to support a business investment project to build the Loc An Airport as a specialized aerodrome, which will be used exclusively for air transport to and from the Ho Tram complex entertainment resort. What is your view of the proposal? According to the Master Plan on Transport Development for the period up to 2020 with vision to 2030, Ba Ria - Vung Tau Province would have only one airport – the Con Dao Airport. The Loc An Airport Project is not included in the national airport network. The Law on Civil Aviation of Viet Nam stated that specialised aerodrome means an aerodrome used only for the operation of general aviation or carrying passengers, baggage, cargo, … [Read more...] about Unplanned airport project will be not be considered for investment
Viet Nam News HÀ NỘI — Việt Nam plans to build five new airports in the next 12 years. Currently, the country has 23 airports, comprising 13 domestic and 10 international. It aims to have 15 domestic and 13 international by 2030. The ambitious goals were announced as part of Prime Minister Nguyễn Xuân Phúc’s decision in 2016 for the adjusted planning on aviation transport until 2020 with a vision towards 2030. Also included in the adjusted planning, the Government of Việt Nam wanted to build airports in areas with big tourism potential like Sa Pa, Vân Đồn, Đồng Hới and Chu Lai. In the latest move, earlier this month, the People’s Committee of the northern province of Lào Cai proposed to the Ministry of Transport construct an airport in the province with total investment of nearly VNĐ5.8 trillion (US$252 million). According to the proposal, the airport will be used for both … [Read more...] about Could an airport for Lào Cai Province take off?