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Gunsan airport south korea

/ March 1, 2021

Tan Son Nhat airport to serve 50 million passengers a year by 2030

Under the adjusted plan, the Doppler Weather Radar station will be built on an area of 1,600 square metres to the north of the airport. A multi-storey car park will also be built, which will be connected to a new passenger terminal to be built soon. Under the plan, the airport will cover a total area of 791ha, an increase of 250ha compared to the existing airport area of 545ha. About 19ha of military defence land has been handed over for building aircraft parking aprons. The additional land of 250ha includes 18ha of additional national defence land, 35ha of land in the southern area, and 171ha of land in the northern area of the airport. An additional eight taxiways will be built to expedite aircraft take-offs and landings. At least 56 aprons will be added in front of the new passenger terminal T3 and in the southwest area of the airport, increasing the total number of aprons to 106. In the northern area of the airport, a reservoir with an advanced pumping station to prevent flooding will also be built. In addition, roads connecting to the airport will be built as soon as possible under the city's transport plan. To ensure the progress of the expansion plan, priority will be given to the construction of a new international terminal T3. According to a proposal by the Airports Corporation of Vietnam (ACV), the third passenger terminal with a total investment of more than 11.43 trillion VND (494.4 million USD) will be built in the south of the airport. ACV will invest in building the new terminal, using 100 percent of its corporate capital. The existing passenger terminals T1 and T2 will be expanded to accommodate an additional 30 million passengers per year by 2030. The new terminal capable of handling 20 million passengers per year will take 43 months to build, according to ACV. In total, the airport is expected to have a total capacity of up to 50 million passengers per year by 2030. Tan Son Nhat, the country’s busiest airport, has been …

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/ February 28, 2021

VIETNAM BUSINESS NEWS FEB. 28

Export value skyrockets over Lunar New Year Vietnam's export turnover during this Lunar New Year saw breakthrough growth, occupying nearly half of the total export-import turnover. The latest data published by the General Department of Vietnam Customs showed that export volume over the seven days (February 10-16) of the Lunar New Year holiday reached $730 million, rising 79 per cent on-year and accounting for about 44 per cent of the $1.67 billion export-import turnover. The main export articles include mobile devices and components valued at $332 million; computer and electronic products worth $251 million. The two categories accounted for 80 per cent of the total export value. This Lunar New Year saw exports going to 80 markets, seven more than last year. China continues to be the leading export market with a value of $189 million (26 per cent). Following are the US ($152 million), South Korea ($67 million), and Hong Kong ($57 million). According to statistics from the General Department of Vietnam Customs, there were 960 import-export businesses, up 59 per cent on-year. Nevertheless, importers still outnumbered exporters with an import turnover of $940 million, up 37 per cent on-year. Thus, from early this year to February 16, the total export-import turnover reached $74.51 billion, up 31 per cent on-year. Of this, exports hit $38.57 billion, up 36 per cent on-year while imports reached $35.94 billion, up 26 per cent, resulting in a trade surplus of $2.63 billion. Drug market forecast to grow by 15 per cent in 2021 The pharmaceutical industry grew by just 2.8 per cent last year, much lower than its average 11.8 per cent growth in the last five years. It is expected to recover and grow by 15 per cent this year, mainly due to a rapidly ageing population and increasing incomes, analysts at SSI Securities Corporation said. Last year there was a short supply of active pharmaceutical ingredients from China and India due to social distancing and …

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/ February 26, 2021

2020 LNG demand holds despite COVID-19, set for growth as global economies recover

LNG is seeing great growth prospects in 2021 Though marginal, the increase in volume reflects the resilience and flexibility of the global LNG market in 2020, a year which saw losses to global GDP of several trillion dollars as economies large and small struggled to contain the COVID-19 outbreak. Demand in 2019 stood at 358 million tonnes. Global LNG prices hit a record low early in the year but ended the 12-month period at a six-year high as demand in parts of Asia recovered and winter buying increased against tightened supply. “LNG provided flexible energy which the world needed during the COVID-19 pandemic, demonstrating its resilience and ability to power people’s lives in these unprecedented times,” said Maarten Wetselaar, Integrated Gas, Renewables and Energy Solutions director at Shell. “Around the world countries and companies, including Shell, are adopting net-zero emissions targets and seeking to create lower-carbon energy systems. As the cleanest-burning fossil fuel, natural gas, and LNG have a central role to play in delivering the energy the world needs and helping power progress towards these targets.” Natural gas emits between 45 and 55 per cent fewer greenhouse gas emissions and less than one-tenth of the air pollutants than coal when used to generate electricity. Demand rebounds in Asia China and India led the recovery in demand for LNG following the outbreak of the pandemic. China increased its LNG imports by 7 million to 67 million tonnes, an 11 per cent increase for the year. China’s announcement of a target to become carbon neutral by 2060 is expected to continue driving up its LNG demand through the key role gas can play in decarbonising hard-to-abate sectors, namely buildings, heavy industry, shipping, and heavy-duty road transport. India increased imports by 11 per cent in 2020 as it took advantage of lower-priced LNG to supplement its domestic gas production. Two other major Asian LNG-importing countries – Japan and …

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