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Update news aviation infrastructure
Small airports and dual-use airports are expected to be valuable infrastructure fulcrums for many remote localities to attract investment and exploit the advantages of tourism, if selected and added to the plan and early investment implementation.
Vietnam wants to increase investment in domestic airports and establish better infrastructure, but capital will only increase when the institutional conditions are further improved.
Vietnam’s ambitions to transform its airport infrastructure will have to deal with various challenges in attempting to attract private investment.
Local and foreign experts weighed up the benefits of investing in small airports, and whether such plans could help local economies grow.
Several nations have devoted generations to constructing sophisticated aviation infrastructure. In Vietnam, plans are in the making to follow suit.
The Ministry of National Defense will hand over around 16 hectares of land this month to the passenger terminal T3 project at the Tan Son Nhat International Airport in HCMC.
Six airports, including five international ones, will shortly be handed over to local governments to actively solicit capital for upgrades.
Investment opportunities in aviation infrastructure from private investors will increase when the Airports Corporation of Vietnam (ACV) prioritizes resources for six key airports.
The Airports Corporation of Vietnam (ACV) has predicted the number of passengers passing through its airports will surge 12 percent year-on-year to 116 million by the end of this year.
Airports Corporation of Vietnam (ACV) has planned the investment of VND4.78 trillion (USD214.97 million) into rebuilding Dien Bien Phu Airport in the northern mountainous province of Dien Bien.
The combined capacity of the 22 airports in Vietnam is just equal to that of one single airport like Changi in Singapore, Suvarnabhumi in Thailand or KLIA in Malaysia.
The Ministry of Transport has approved a plan to build an airport in Sa Pa in the northern mountainous province of Lao Cai. Construction is scheduled to start this year and will be completed in 2021.
More specific mechanisms and legal frameworks should be created to attract funding to develop the local aviation sector’s infrastructure, which has yet to catch up with the sector’s overall development.
Innovation and investment in infrastructure are required for Viet Nam's aviation industry to develop, experts have told conferences at the Viet Nam International Aviation Expo that opened on November 20 in HCM City.
The Civil Aviation Authority of Vietnam (CAAV) has affirmed that Vinpearl Air and Vietravel can meet the requirements for submission to the PM for approval.
When the CEOs of Vietjet Air and Bamboo Airways signed multi-billion dollar contracts on purchasing Boeing aircraft during US President Trump’s visit to Vietnam several months ago, logistics experts hoped the aircraft would include freighters.