Dak Lak Provincial People's Committee has just proposed upgrading Buon Ma Thuot Airport to an international airport.
Investment opportunities in aviation infrastructure from private investors will increase when the Airports Corporation of Vietnam (ACV) prioritizes resources for six key airports.
The Ministry of Transport has proposed mobilizing private resources under the public-private partnership model for new airport projects, such as Quang Tri, Sa Pa and Cao Bang.
An ambitious plan to invest billions of dollars into Viet Nam's airport system is one step closer to reality.
Vietnam will need an estimated VND400 trillion (US$17.6 billion) for investment in airports from now until 2030, under a master plan for airport development during the 2021-2030 period, with a view to 2050.
The ministry said it would base on the recovery and development of aviation after the COVID-19 pandemic to have full research on the location of the second airport in the city.
The Civil Aviation Authority of Vietnam (CAAV) has rejected proposals by Ha Giang, Bac Giang, Ninh Binh, Binh Phuoc and Ha Tinh provinces to build new airports in their localities or develop their military airports into mixed-use facilities.