Vietnam to Seek Private Investment to Construct New Airports

Jan 2023

The Civil Aviation Authority of Vietnam (CAAV) has proposed a plan to construct nine new airports, including two in the country’s northern mountainous areas and one in a special economic zone. According to the CAAV, it is cooperating with nine provinces to submit the proposals to the Ministry of Transport (MoT) for approval.

The list of proposed projects includes building a new airport at the Van Phong Economic Zone in the coastal central province of Khanh Hoa, as well as airports in the northern mountainous provinces of Ha Giang and Yen Bai. Projects are also slated for Ly Son Island off central Quang Ngai Province, as well as the Central Highland provinces of Dak Nong and Kon Tum. Other proposed airport destinations are the northern province of Tuyen Quang, the southern border province of Tay Ninh and the central province of Ha Tinh.

The CAAV said if approved, local authorities in those provinces will build plans calling for private investment into the construction of the airports. If accepted, local governments in those provinces will develop plans requesting private involvement in the development of the airports.

Currently, Vietnam has 22 civilian airports, and in late 2022, MoT announced plans to construct six more by 2030 and another three by 2050. The plan includes 14 international airports.

(Sources: VNExpress; Vietnam Investment Review)

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