According to a report presented at a recent seminar on “Mobilizing Social Resources to Invest in Airports and Lessons Learned” organized by the Vietnam Ministry of Transport in Ha Long City, the investment capital for aviation infrastructure in the period 2021 – 2030 is about 403,106 billion VND.
According to the “Masterplan on development of the airport system to 2030, with a vision to 2050,” Vietnam will invest in upgrading and effectively exploiting 22 current airports, in addition to investing in six new airports: Long Thanh, Lai Chau, Sa Pa, Quang Tri, Phan Thiet and Na San. This will bring the total number of airports across the country to 28.
Currently, Airports Corporation of Vietnam (ACV) has only managed to set aside about 265,150 billion VND while the Ministry of Transport balanced 9,841 billion VND. It is therefore necessary to mobilize an additional 128,115 billion VND to implement the planned investment. Besides, there are still many localities that intend to develop airports.
Until now, the planning, investment in construction and management of airports have been carried out by the Airports Corporation of Vietnam (ACV), combined with investment from the state budget. Because of the Covid-19 pandemic, ACV faced many difficulties in arranging capital for investment activities. Many domestic and foreign investors are interested in investing in developing aviation infrastructure, but the complexity in processes and policies have caused difficulties and obstacles. The only private investment at present is at Van Don International Airport; the mobilization for planning and investment in the facility started in 2012, and the airport started operations in 2018.
The success of Van Don airport has benefited not only businesses but also the sorrounding area. “The budget of Van Don district in 2015 was 130 billion VND,” said Pham Ngoc Sau, Director of Van Don International Airport. Since 2020, the island district’s budget exceeds 1,000 billion VND per year.”
Becuase of the private investment it attracted, it only took six years for Van Don International Airport to move from the date of approval of the project by the government to officially start operations. If local authorities can research, attract investment and help in implementing the Long Thanh International Airport project, authorities are likely to finish work on the project in less than 9 years from the date of approval of the project by the government to the date of commencement of operations. This will reduce pressure on state agencies, create a driving force for local development, and improve the growth rate of the industry.
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