Business

Phu Cat Airport expansion kicks off

Work on the expansion of Phu Cat Airport in the central coastal province of Binh Dinh commenced on January 17.
Work on the expansion of Phu Cat Airport in the central coastal province of Binh Dinh commenced on January 17.

The project, funded by the Airports Corporation of Viet Nam (ACV)with a total investment capital of 500 billion VND (23.47 million USD),will include the construction of a terminal and expansion of the planeparking area to improve capacity and quality of service and ensuresafety.

The new terminal is designed to serve 600passengers during rush hour and receive 1.5 million passengers per year.It is expected to be completed and become operational by early 2016.

Meanwhile, the plane parking area will be capable of accommodate seven aircraft from the current four.

Phu Cat Airport received 427,000 passengers and 1,340 tonnes of goodsin 2014, an increase of 46.7 percent and 58.7 percent, respectively,compared with 2013.

The national carrier Vietnam Airlinesoperates a return flight from the airport to Ha Noi once a day and twodaily flights to Ho Chi Minh City.

Meanwhile, VietjetAir also operates one daily flight from Phu Cat Airport to HCM City. Asof February 1 this year, Jetstar Pacific will begin flying from Phu Catto HCM City with one flight a day.

The Phu CatAirport holds an important position in the province's socio-economicdevelopment strategy. After completion, it is expected to help lure moreinvestment to the province and the central and Central Highlandsregions as well.-VNA
Follow VietnamPlus

See more

Vietnam’s state budget revenue reaches 3.81 billion USD in Quarter 1. (Photo: VNA)

State budget revenue rises 9.7% in Q1

To meet the 2025 revenue target of 411 trillion VND, a 9.6% rise from 2024, the department has instructed regional customs offices to implement measures to boost revenue tailored to local conditions while preventing budget losses.

Staff at the Quang Binh Province Administration Service Centre handle administrative procedures for a local resident (Photo: VNA)

Quang Binh tops Satisfaction Index of Public Administration Services

Staff at the Quang Binh Public Administration Service Centre handle nearly 500 administrative requests daily from residents and businesses. Despite the high volume, the centre has built a solid reputation for delivering quick and efficient service, earning widespread satisfaction from the public.

Deputy PM Ho Duc Phoc speaks at the event (Photo: VNA)

Vietnam seeks US's delayed imposition of new tariffs for negotiations: Deputy PM

The Deputy PM also called on the American Chamber of Commerce (AmCham) in Vietnam and the US-ASEAN Business Council to convey the message of goodwill from the Vietnamese Government and business community to President Donald Trump’s administration to foster effective talks that could further reinforce the Vietnam-US comprehensive strategic partnership.

Deputy PM Nguyen Chi Dung receives Choi In Kwan, General Director of LG Display Vietnam Hai Phong. (Photo: VNA)

Deputy PM pledges strong support for Korean investors

Amid complicated developments of the global and regional situation, especially increasing risks of trade wars, Deputy Prime Minister Nguyen Chi Dung reaffirmed Vietnam’s commitment to maintaining political and socio-economic stability, building an independent and self-reliant economy while proactively pursuing extensive, substantive, and effective global integration.

Workers at Dai Dong Tien plastic company in Ho Chi Minh City label and package products. (Photo: VNA)

HCM City to boost support for businesses amid US tariff concerns

In response to the new situation, many enterprises in HCM City said that they are proactively exploring new markets beyond the traditional US market while diversifying their product offerings tailored to various customer segments across different countries.

Vietnamese businesses are advised to seek new markets to adapt to the new situation. (Photo: VietnamPlus/VNA)

Vietnam advised to flexibly adapt to newly US tariff policy

Vietnam should continue bilateral negotiations with the US administration on major export commodities while guiding businesses in diversifying markets, attracting more US investments, and increasing purchases of goods from the US, an analyst has said.

Consumers shop at the WinMart Vo Thi Sau supermarket in Hanoi's Hai Ba Trung district. (Photo: VNA)

Hanoi keeps CPI well under control

The CPI for the first quarter of 2025 increased by 2.75% compared to the same period last year, indicating that inflation remains well under control.

Vietnam’s KRX trading system is set to go live on May 5. (Photo: VietnamPlus)

Vietnam to launch KRX trading system on May 5

The KRX system is currently in its final testing phase before full implementation. During this period, securities firms are conducting simulated trading sessions as if on a normal trading day.

Vietnam has proactively reviewed and adjust tariffs, particularly on US imports, as part of efforts towards balanced trade relations. (Illustrative photo - Source: VNA)

Vietnam reviews, adjusts import tariffs to promote trade balance

The Ministry of Finance is now working closely with other agencies to evaluate policy options that support businesses. Possible solutions include market diversification, supply chain optimisation, and leveraging opportunities from Vietnam’s existing free trade agreements.