Prime Minister gives green light to Quang Tri airport project
The airport is expected to be operational by 2030 with a capacity of one million passengers and 3,100 tons of cargo per year.
The airport is expected to be operational by 2030 with a capacity of one million passengers and 3,100 tons of cargo per year.
The program is well designed and attached to new trends in South Korea and the world, which can be applied in Vietnam.
The elevated section of the Nhon-Hanoi Station metro line will officially undergo a test run in early December.
Vietnam’s semiconductor industry is estimated to exceed $6.16 billion by 2024.
The company intends to invest up to $2 billion in the first phase of its project at the Triangle Innovation Point megasite in Chatham County.
The 100% Turkish-invested project shows the attractiveness of Vietnam as a foreign investment destination.
The project, estimated to be around VND87.1 trillion (US$3.81 billion), would be divided into seven sub-components and carried out under the combination of private-public partnership (PPP) and public investment mechanisms.
The Vietnamese Ministry of Transport granted a license to Sun Air, which is owned by Sun Group, a Vietnamese real estate developer.
The project, invested by An Phat Holdings, is considered the largest green materials factory in Southeast Asia.
With such sluggish construction progress, Long Thanh International Airport may not be able to become operational by 2025 as planned.
The estimated cost for all three stages of the project is 5.5 trillion won (US$5.18 billion).
Construction is set to begin in the second half of 2022 and production is due to start during 2024.
The South Korean investor considers Vietnam an important global production hub and a strategic destination in its research and development activities.
The port is expected to handle the North’s transportation demand and help reduce logistics costs and pollution.
The establishment of inland container depots (ICD) will shorten the customs clearance process for businesses in Hanoi and surrounding areas.
Many areas, including infrastructure construction and renewable energy production, are assessed to be the potential for US businesses' investment in Vietnam.
Despite the impacts of the fourth wave of Covid-19, Hanoi hotel occupancy rate was up 6 percentage points year-on-year as the social distancing policy was not as strict as the previous year.
The latest deal marks the KKR fund’s fourth investment globally in the educational and workforce development space.