Econ
Vietnam needs over US$5 billion for key airports
The construction and upgrade of the country’s three major airports of Long Thanh, Noi Bai and Tan Son Nhat will need more than VND116 trillion (US$5.11 billion) in the next four years.
It was estimated under investment plans for 2018-2021 with vision to 2025 released recently by the Airports Corporation of Vietnam (ACV).
ACV forecast that the number of passengers coming through 22 airports nationwide under its management and operation will grow by 10 percent each year between 2018 and 2021 and reach about 137 million by 2021.
Annual passenger growth rate between 2022 and 2025 is estimated to average 7 percent, hitting 185 million by 2025. Based on these numbers, ACV estimated investment on the three key airports.
During 2018-2021, Noi Bai International Airport in Hanoi will expand international terminal T2 to reach capacity of 15 million passengers per year and terminal T3 with capacity of 10 million passengers per year, while upgrading parking areas and supporting facilities. The upgrade looks to enable the airport to serve 30 million passengers across all terminals by 2020 and 60 million by 2030.
The total estimated investment cost for the upgrade is nearly VND11.2 trillion ($493.3 million).
Tan Son Nhat International Airport in Ho Chi Minh City needs over VND12.6 trillion ($555 million) to improve its capacity. Terminal T3 is planned to be constructed to serve 10 million passengers per year, along with an expansion of parking areas, runways and assisting equipment. The airport expects to welcome 45 million passengers per year by 2020.
Long Thanh Airport in the southern province of Dong Nai is in need of over VND92.1 trillion ($4 billion) for the first phase of its construction by 2025.
The construction project includes building one runway, one passenger terminal and other supporting facilities to serve 25 million passengers and 1.2 million tons of cargo per year.
The government recently also signed a decision to approve the revision of the national aviation transport development plan till 2020 with a vision to 2030 in an aim to help Vietnam among the top four leading nations in air traffic in ASEAN.
Under Decision No.236/QĐ-TTg signed in February, Vietnam will put 23 airports into operation by 2020, of which Noi Bai, Tan Son Nhat, Danang and Cam Ranh will act as international gateways.
According to the new plan, the country will upgrade three aviation transport centers of Noi Bai, Tan Son Nhat and Danang to make it meet ASEAN standards while set up three more logistics chains of Long Thanh, Van Don and Chu Lai.
The aviation industry will exploit 23 airports with an annual traffic of 144 million passengers by 2020 and 28 airports with an annual traffic of 308 million passengers by 2030.
Under the plan, the number of aircraft will grow by more than 220 units by 2020 and 400 units by 2030, increasing by 70-100 units compared to the previous plan.
The ministry predicts that the transport of passengers via domestic airlines will increase at an average rate of 16 percent annually from now until 2020 and by 8 percent during 2020-2030.
Meanwhile, the transport of goods is expected to grow at an annual rate of 18 percent from now until 2020 and at 12 percent annually during 2020-2030.
The domestic airlines are expected to reach a volume of 64 million passengers every year by 2020 and 131 million annually by 2030.
This growth rate is 2-4 percent higher than the current plan and is also higher than the average growth of the global aviation industry.
Tan Son Nhat airport needs some $555 million to improve its capacity
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Annual passenger growth rate between 2022 and 2025 is estimated to average 7 percent, hitting 185 million by 2025. Based on these numbers, ACV estimated investment on the three key airports.
During 2018-2021, Noi Bai International Airport in Hanoi will expand international terminal T2 to reach capacity of 15 million passengers per year and terminal T3 with capacity of 10 million passengers per year, while upgrading parking areas and supporting facilities. The upgrade looks to enable the airport to serve 30 million passengers across all terminals by 2020 and 60 million by 2030.
The total estimated investment cost for the upgrade is nearly VND11.2 trillion ($493.3 million).
Tan Son Nhat International Airport in Ho Chi Minh City needs over VND12.6 trillion ($555 million) to improve its capacity. Terminal T3 is planned to be constructed to serve 10 million passengers per year, along with an expansion of parking areas, runways and assisting equipment. The airport expects to welcome 45 million passengers per year by 2020.
Long Thanh Airport in the southern province of Dong Nai is in need of over VND92.1 trillion ($4 billion) for the first phase of its construction by 2025.
The construction project includes building one runway, one passenger terminal and other supporting facilities to serve 25 million passengers and 1.2 million tons of cargo per year.
The government recently also signed a decision to approve the revision of the national aviation transport development plan till 2020 with a vision to 2030 in an aim to help Vietnam among the top four leading nations in air traffic in ASEAN.
Under Decision No.236/QĐ-TTg signed in February, Vietnam will put 23 airports into operation by 2020, of which Noi Bai, Tan Son Nhat, Danang and Cam Ranh will act as international gateways.
According to the new plan, the country will upgrade three aviation transport centers of Noi Bai, Tan Son Nhat and Danang to make it meet ASEAN standards while set up three more logistics chains of Long Thanh, Van Don and Chu Lai.
The aviation industry will exploit 23 airports with an annual traffic of 144 million passengers by 2020 and 28 airports with an annual traffic of 308 million passengers by 2030.
Under the plan, the number of aircraft will grow by more than 220 units by 2020 and 400 units by 2030, increasing by 70-100 units compared to the previous plan.
The ministry predicts that the transport of passengers via domestic airlines will increase at an average rate of 16 percent annually from now until 2020 and by 8 percent during 2020-2030.
Meanwhile, the transport of goods is expected to grow at an annual rate of 18 percent from now until 2020 and at 12 percent annually during 2020-2030.
The domestic airlines are expected to reach a volume of 64 million passengers every year by 2020 and 131 million annually by 2030.
This growth rate is 2-4 percent higher than the current plan and is also higher than the average growth of the global aviation industry.
