Hanoi (VNA) – From increasing passenger terminal capacity and adding runways and aircraft parking stands to launching new projects, central localities are gradually expanding its “gateway to the skies”, opening up new growth opportunities and creating fresh momentum for economic development.
Building runways, expanding connectivity
On October 29, the first charter flight from Macao (China) landed safely on Runway 2 at Phu Cat International Airport in Gia Lai province, marking the official start of operations at the facility.
Construction of Runway 2 began in August 2025, with total investment of nearly 3.25 trillion VND (126.24 million USD). The project is being implemented by the Gia Lai provincial management board of investment and construction projects for transport and agriculture.
Despite the tight schedule and stringent technical requirements, the project has been completed to the required standards of quality, safety and aviation security. Phu Cat Airport can now accommodate Code C aircraft such as the A320 and A321, as well as equivalent models. It can also receive Code E aircraft when required, provided all corresponding operating conditions are met.
Also in October, in Quang Tri province, a Cessna 208 aircraft operated by the Survey and Aerial Mapping One Member Limited Liability Company under the Ministry of National Defence’s Department of Operations conducted surveys and inspections to assess obstacle clearance and aviation safety. The work is part of efforts to complete the technical requirements before Quang Tri Airport begins operations.
Quang Tri Airport is being developed by a consortium comprising T&T Transport Infrastructure Investment and Development Company and CIENCO4 under a public-private partnership (PPP), with investment of more than 5.8 trillion VND.
Under the adjusted master plan, the airport will be upgraded from 4C to 4E classification, enabling it to accommodate modern wide-body aircraft such as the Boeing 777, Boeing 787 and Airbus A350. It is designed to handle up to 5 million passengers and 25,500 tonnes of cargo annually. More than 80% of the project’s construction work has been completed to date.
Investing with long-term vision
As the region’s main aviation hub, Da Nang International Airport has received continuous investment in recent years, including the construction of the T2 international terminal and upgrades to Terminal T1. However, investment progress has yet to keep pace with passenger growth.
To develop a comprehensive and sustainable solution, the Airports Corporation of Vietnam (ACV) and the Da Nang municipal People’s Committee announced the launch of two expansion projects for Da Nang International Airport in late August 2026. They comprise the renovation and expansion of Terminal T1 and Phase 1 of the aircraft parking apron expansion, with total investment of nearly 10 trillion VND.
The projects aim to increase operational capacity, improve passenger services and meet the growing demand for air transport, tourism and trade in Da Nang and central Vietnam in the new development period.
Under the designs, the projects will raise Terminal T1’s annual capacity to 14 million passengers and add six parking stands for Code C aircraft. Construction is scheduled to begin in August 2027. The terminal expansion is expected to be completed and put into operation in January 2029, while the renovation of the existing terminal is scheduled for completion in August 2029.
Across Hai Van Pass, tourism in Hue city is enjoying strong growth, putting increasing pressure on the operational capacity of Phu Bai Airport. Under a decision by the Ministry of Construction, Phu Bai Airport is planned to handle around 4 million passengers annually by 2030 and 12 million by 2050.
However, Hue city leaders said passenger numbers could reach 6 million in 2026. The city therefore hopes to raise the airport’s designed capacity to around 7 million passengers a year by 2030. It has also proposed that Runway 2 and a synchronised taxiway system be developed before 2030.
Nguyen Cao Cuong, Chairman of ACV’s Board of Directors, said that airports in localities not only meet travel demand but also help drive economic growth, tourism and trade.
Through its airports, ACV therefore hopes to strengthen cooperation with local authorities and airlines to explore appropriate support measures, attract carriers, launch new routes, increase flight frequencies, boost passenger numbers and further expand its presence in promising international markets./.
See more
Vietnam posts second straight monthly trade surplus in October
The office's socio-economic report released on November 3 showed that total import-export turnover in October reached an estimated 122.03 billion USD, up 3.7% from the previous month and 47.4% year on year.
Export orders pick up pace towards year-end
Many firms have accepted smaller, lower-priced orders and explored niche markets to offset fluctuations in major export destinations such as the US, Japan and the Middle East.
Government ratifies State capital divestment plan
According to the plan, the Ministry of Finance and the State Bank of Vietnam are tasked with organising divestment for enterprises subject to State capital restructuring.
CPI up 4.57% in first 10 months of 2026
Compared with September, prices increased in seven of the 11 main groups of consumer goods and services, while four recorded declines. CPI rose 0.16% in urban areas and 0.25% in rural areas.
Vietnam’s 10-month FDI inflows post strongest growth since 2009
Combined newly registered and additional capital reached 46.86 billion USD, of which processing and manufacturing accounted for 24.19 billion USD (51.6%), followed by real estate business with 7.08 billion USD (15.1%).
Market diversification, stronger competitiveness needed as trade revenue hits record
The figure for the first 10 months of the year reached 1.01 trillion USD, rising 32.3% from a year earlier and surpassing 1 trillion VND for the first time – setting a new record for the scale of Vietnam’s merchandise trade.
Vietjet posts 41% revenue growth in first nine months of 2026
In the third quarter of 2026, Vietjet operated 39,000 flights and carried 7.3 million passengers. Consolidated revenue reached 22.849 trillion VND (approx. 886 million USD), up 35% year-on-year, while net profit after tax reached 348 billion VND (approx. 13.5 million USD).
Reference exchange rate going down on November 3
With the current trading band of ±5%, the ceiling rate applicable to commercial banks stood at 26,912 VND/USD, while the floor rate was 24,348 VND/USD.
Private sector: From a key driver to a leading force for growth
An open institutional framework and a transparent, stable business environment are essential for encouraging enterprises to make long-term investments. In recent years, the Party, National Assembly and Government have continued to promote administrative reform, address obstacles to investment and business activities, and support new growth drivers.
Vietnam–EU forum to explore green economy, new value chains
By linking policy dialogue with businesses' practical needs, the forum is expected to help translate Vietnam–EU cooperation potential into concrete trade and investment opportunities. It will also provide an opportunity for both sides to make more effective use of the EVFTA, expand markets for Vietnamese goods and businesses, and tap into Europe's capital, technology and management expertise.
Hai Phong port cargo hits 182.4 mln tonnes, puts 2026 plan in sight
To hit the 2026 plan early, Hai Phong’s seaport system is concentrating resources on the two peak months at year-end. The top priority is to keep maritime channels flowing safely and clear large container ships quickly.
Vietnam attracts Chinese tourists with local experiences
Travel trends are shifting from large group tours towards smaller groups, independent travel and tailor-made programmes that prioritise quality and personalised experiences.
Da Nang attracts investment in industrial park infrastructure development
Cumulatively, foreign investment newly registered and adjusted, together with capital contributions and share purchases, reached 803.9 million USD in the first 10 months, up 147.2% year-on-year.
Foreign investors eye new growth opportunities in Ho Chi Minh City
Capital is shifting toward bigger projects with more technology and longer horizons. That reflects not just market advantages but investor expectations for the city’s next phase, a local official said.
Vietnam needs breakthrough policies to boost MICE tourism
Pham Van Bay, Deputy Director of Vietravel Hanoi Branch, said the recovery of international tourism, together with improvements in event organisation and accommodation infrastructure, is creating favourable conditions for the development of Vietnam's MICE sector.
Vietnam targets 14-15% annual growth in retail sales by 2030
Vietnam's e-commerce revenue is projected to grow by 23-25% annually to reach 93-97 billion USD by 2030, accounting for 18-19% of total retail sales of goods and consumer service revenue.
Vietnamese products gain appeal ahead of year-end shopping season
A range of Vietnamese regional specialties is being brought to Ho Chi Minh City through trade promotion, discount and business networking programmes, while retailers and supermarkets are preparing supplies to meet rising demand.
Dong Nai emerges as attractive destination for Korean investors
The RoK is the largest among 51 countries and territories investing in the southern city, with 469 valid projects worth nearly 8.4 billion USD.
Vietnam’s economy posts strong results in 10 months
According to the Ministry of Industry and Trade, total trade value was estimated at 1.01 trillion USD, up 32.3% year on year. Exports reached an estimated 499 billion USD, representing a 27.4% increase.
Railway investment boom must translate into domestic industrial capacity
Several Vietnamese companies have begun investing in capabilities that could support the railway programme.