LONG THANH airport

Update news LONG THANH airport

Air ticket prices unchanged by fuel cost cuts; Vingroup starts work on hotel, office project; Long Thanh airport’s economic efficiency should be clarified; Christmas decorating services bloom in Vietnam; Banks vie over consumer loans towards year-end

NA wants efficient airport project

 VietNamNet Bridge – Many National Assembly deputies yesterday agreed with the need to build a new modern but costly international airport, but said careful study was needed to ensure both economic and social efficiency of the project.

Funding plan for Long Thanh airport doubted

VietNamNet Bridge – The National Assembly (NA) Economic Committee has voiced concerns over the viability of a fund raising plan for the big-ticket Long Thanh airport project

NA backs new airport despite funding issues

 The National Assembly Economic Committee has approved a plan to build a modern international airport, but voiced concerns about how to mobilise investment. This was revealed at NA's plenary sitting yesterday.

BUSINESS IN BRIEF 29/10

PVcomBank, PVGas sign co-operation pact; Vietnam violates key economic principles, says minister; State Bank to continue restructuring banking system; Public debt disadvantages new airport project, Transport Minister

French firm denies $2bn commitment to Long Thanh airport claimed by Vietnam official

A French company specializing in airport architecture and engineering has said it did not commit to providing US$2 billionfor a megaproject to build a new international airport outside of Ho Chi Minh City.

Tan Son Nhat Airport on verge of overloading

 VietNamNet Bridge – HCM City's Tan Son Nhat Airport will be stretched beyond capacity in the next two years, making construction of the new Long Thanh airport in Dong Nai Province more urgent than ever, experts warn.

No loans yet for Long Thanh Airport project: Japanese embassy

Although the Ministry of Transport of Vietnam has said Japan would lend $2 billion in ODA to fund Long Thanh Airport project, the first secretary of the Japanese Embassy in Vietnam Hiroyuki Hayashi, on October 17 denied that it had agreed to do so.

BUSINESS IN BRIEF 19/10

 Japan has not committed ODA for Long Thanh airport; Macedonia, Vietnam sign trade deals; Ha Noi hosts annual investment meeting; Hanoi to host Techmart 2014; Russian inspectors to examine Vietnamese seafood

ODA for Long Thanh airport not to affect public debt

 VietNamNet Bridge – The impact, if any, of ODA loans on the Long Thanh international airport project on gross domestic product would not be considerable, especially in 2016-2019,

More controversy raised over cost of Long Thanh airport project

 VietNamNet Bridge – Even though the NA Economic Committee agreed with the need to build a new airport, it also raised concerns over the amount the Long Thanh International Airport project in HCM City might add to public debt.

PM greenlights Long Thanh airport

 VietNamNet Bridge – Investors are chomping at the bit over Vietnam’s biggest airport project as it prepares to have its investment plan approved for submission to the National Assembly for approval.

PM okays airport investment report

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung on Wednesday approved an investment report on the construction of Long Thanh International Airport near HCM City.

BUSINESS IN BRIEF 29/9

Vietnam bond market fastest growing in East Asia; Vietnam aims for rice production restructuring; Work starts on 9.4 mln USD habour in Dong Nai; Action plans for prioritised industries announced

Vietnam wasting time on discussing viability of Long Thanh Airport: experts

 VietNamNet Bridge – Vietnam has missed an opportunity to become one of the few regional aviation centers because of delays in the Long Thanh Airport project, experts say.

Financiers expect difficulty in raising funds for Long Thanh airport

 VietNamNet Bridge – Vietnam has been told not to expect too much financial support for the Long Thanh airport from commercial banks Official Development Assistance (ODA) funds as capital flow from ODA is declining.

BUSINESS IN BRIEF 21/8

 Mekong Delta farmers encouraged to grow GM maize; Tra fish distribution centre shaping at Belgian harbor; HCM City urges Dong Nai to build airport; Petrolimex bemoans low rate of return at 4.6%

Airport project can proceed without Japanese ODA, civil aviation authority says

 Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam (CAAV), said that the Long Thanh Airport project in the south could proceed even without Official Development Assistance (ODA) from Japan.

BUSINESS IN BRIEF 23/4

 US$5.6 bln for Long Thanh airport, phase 1; Japanese businesses eye agriculture partnership in Mekong Delta; PGBank, Vietinbank may not merge; Vingroup prepares to issue additional shares

Vietnam told not to put high hopes in Long Thanh airport as transit point

 VietNamNet Bridge – The Ministry of Transport plans to build Long Thanh into a transit airport to compete with the other regional airports. However, it has been warned that the plan is unfeasible.