Hefty investments to land in Vietnam airports

The Airports Corporation of Vietnam (ACV) plans to invest a total of 6.1 trillion dong (US$266.2 million) in six airport infrastructure projects in 2017, reported Vietnam News Agency.

Two trillion dong was earmarked for the phase two expansion of the international terminal at Tan Son Nhat International Airport in Ho Chi Minh City.

Tan Son Nhat International Airport. Photo credit: http://vietnamairport.vn

An equal investment has been planned for the expansion of airport terminals and apron in Phu Quoc, to allow it to serve five million passengers per year and meet increasing tourist demand for the southern resort island.

As well, the Noi Bai international airport in Hanoi is set to receive 1.2 trillion dong in upgrading works.

The ACV aims to welcome 27 million international and 64 million domestic arrivals this year, as well as increase total flights by 11 per cent over the previous year to 617,000.

Meanwhile, Vietnam’s first airport developed by a private sector investor is set to be operational next March.

Van Don International Airport in the northern province of Quang Ninh, home to Halong Bay, will be the result of nearly 7.5 trillion dong in investment by Vietnamese property developer Sun Group.

It is designed to serve two million passengers annually by 2020 and could be expanded to serve five million passengers by 2030 demand increases.

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