return icon

Private funding sought for Long Thanh airport project

Private investors should be encouraged to take part in the building of airports across the country, particularly Long Thanh international airport, said National Assembly Chairwoman Nguyen Thi Kim Ngan.



An artist's impression of Long Thanh international airport project. Private funding is being sought for the project


Aside from the current airport projects, such as Chu Lai and Lao Cai, private investors should be sought for airports with lower-than-expected revenue, she said at a Q&A session of the ongoing 36th meeting of the NA Standing Committee in Hanoi today, August 15.

Particularly for Long Thanh airport, which is an important national project, the competent agencies should learn from the experience with the privately funded Van Don airport in Quang Ninh Province.

Work on the Long Thanh airport could be divided into smaller components. The Ministry of Transport would then suggest which components were better for State-run firms to execute and which ones should be handled by private investors, the NA chairwoman said.

The NA will select capital sources for building the Long Thanh airport, while the Government is in charge of executing the project efficiently and quickly, she added.

She also suggested the transport ministry should study ways to maximize private funding for airports across the country.

There are a total of 22 airports in the country, with Van Don international airport being the only one managed by a private company. Meanwhile, the remaining 21 airports are under the management of Airports Corporation of Vietnam (ACV), which is 95.6% owned by the Government, according to Minister of Transport Nguyen Van The.

Only eight of the 21 airports are profitable, while the others need ACV to channel revenues from the profitable airports to offset their losses, he said.

Regarding encouraging private funding, Minister The pointed out that private investors chiefly eye airport projects with high profitability, The said. SGT



Dong Nai urged to hand over land for Long Thanh airport project

Dong Nai urged to hand over land for Long Thanh airport project

The Ministry of Transport has urged Dong Nai Province to speed up site clearance, compensation and resettlement for affected households so that construction on the long-planned Long Thành International Airport can begin next year.

Long Thanh Airport to be equipped with modern technologies

Long Thanh Airport to be equipped with modern technologies

Long Thanh International Airport, one of Vietnam’s key projects, will make use of the most advanced technologies to reach the service quality and flying safety standards of the world's leading airports.  


Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.

Huge real estate projects seek new investors

Many investors have quit large-scale investment projects capitalized at trillions of dong.


Work starts on Tan Van-Nhon Trach section of HCM City’s Ring Road No.3

Three Vietnamese airlines named among world’s best air services

Vietnam Airlines, Vietjet Air, and Bamboo Airways have been honoured in different categories by Skytrax, a UK-based site which ranks airlines and airports.

Vietnam Days Abroad 2022 to take place in Austria, India, RoK

Vietnam Days Abroad 2022 will be held in Austria, India, and the Republic of Korea (RoK) on the occasion of the anniversaries of diplomatic relations between Vietnam and these countries.

UN backs Vietnam’s development priorities: Secretary-General

The United Nations (UN) will continue paying attention to and support Vietnam's development priorities towards green and sustainable orientations, and just transition, especially in terms of financial access.

Vietnam merits seat at UN Human Rights Council: Washington Times

The Washington Times has published an article in which it supports Vietnam's candidacy for the United Nations Human Rights Council (UNHRC) for the 2023-2025 term.

Storm Noru to enter East Sea, localities warned to stay alert

The National Centre for Hydro-Meteorological Forecasting has predicted that storm Noru will enter the East Sea on September 25 evening, and recommended coastal localities to brace themselves for the storm.

Vietnam plans to vaccinate under-5 children against COVID-19 if there’s scientific basis

The Ministry of Health has asked provinces to calculate the number of children from 6 months old to under 5 years old to prepare a plan on COVID-19 vaccination for them when there are enough conditions and scientific basis.


Untapped opportunities for Vietnamese pepper exports to UK