Construction of Mui Ne Airport Expected to Boost Regional Tourism - Vietnam Briefing News
May 10 – The residents of Phan Thiet City in Vietnam’s central Binh Thuan province can soon expect an influx of tourists as a new airport is built in the area, scheduled for opening in 2017. Plans for the airport have already been submitted to the central government for approval.
The airport, which reportedly will cost over VND5.6 trillion (US$265 million) to build, and which will span around 500 hectares (1235 acres), will be located in Thien Nghiep – a coastal area near Mui Ne Beach.
Initially, its facilities and landing areas will only be able to accommodate smaller planes and helicopters, providing services to over 500,000 passengers annually. Also, it is expected to offer 12 air routes of distances under 800 kilometers (500 miles) on top of 12 services of distances below 2,000 kilometers (1,200 miles).
RELATED: Dezan Shira & Associates’ Pre-Investment, Market Entry Strategy Advisory Services
The airport will be upgraded to an annual capacity of over 1 million passengers by 2030, and its facilities will also be improved to accommodate medium-sized aircrafts by then. In addition, the airport has been approved for both civil and military purposes.
Capital for the airport will come partly from the transfer of land to other purposes from the now defunct Nha Trang Airport, while the rest will come from the project developer – a joint venture (JV) between the 319 Corporation under the Defense Ministry and Vietnamese property investment company Thanh Dong Real Estate Investment JSC.
Dinh Viet Thang, deputy chairman of the Civil Aviation Authority of Vietnam (CAAV), notes that the terminal will help boost the local tourism industry thanks to the constantly growing number of tourists to Mui Ne Beach.
Dezan Shira & Associates is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy and the United States.
For further details or to contact the firm, please email [email protected], visit www.dezshira.com, or download the company brochure.
You can stay up to date with the latest business and investment trends across Vietnam by subscribing to Asia Briefing’s complimentary update service featuring news, commentary, guides, and multimedia resources.
City Guide – Hanoi
Lying on the right bank of the Red River in northern Vietnam, approximately 85 miles inland from the South China Sea, is the charming capital city of Hanoi. Hanoi is Vietnam’s old imperial capital and its modern center of politics and culture.
City Guide – Ho Chi Minh City
A prosperous and densely-populated trade hub, Ho Chi Minh City is today considered the commercial and economic center of Vietnam. While the majority of people in HCMC are ethnic Vietnamese, the city is also known for cultural diversity.