A consortium comprising of Cong Thanh Traffic Infrastructure Investment and Construction JSC and Cam Pha Sun Co., Ltd. (a subsidiary of Sun Group) has proposed and is seeking an environmental impact assessment for a road project connecting Gia Binh Airport (located in Bac Ninh province) to Hanoi.
The Gia Binh Airport and its connecting road are expected to boost regional economic development, especially with the current overload of Noi Bai International Airport, which serves 25-30 million passengers per year, exceeding its designed capacity of 15 million.
The connecting road between Gia Binh and Hanoi, with a scale of 10 lanes, a cross-section width of 120 meters, and a total investment of approximately VND 71,150 billion, will be able to accommodate passenger transportation needs (30 million by 2030) and cargo (1.6 million tons per year).
The road is planned to directly connect with Hanoi’s key transport routes such as Ring Road 4, Ring Road 3, and major bridges like Tu Lien or Tran Hung Dao.
The section of the project that is currently under review (the portion passing through Bac Ninh province) has a total investment of VND 47,607.4 billion. The largest components are construction costs of VND 21,301 billion and compensation, support, and resettlement costs of VND 14,244 billion.
The project has an official construction schedule of approximately 15 months and is expected to be completed by 2026, in line with the construction progress of Gia Binh Airport.
Gia Binh Airport will be the largest airport in Northern Vietnam
In July 2025, the Ministry of Construction issued a decision approving the adjustment of the master plan for the development of the national airport and airfield system for the period of 2021-2030, with a vision towards 2050.
Accordingly, Gia Binh International Airport was added to the master plan with a designed capacity of about 30 million passengers per year for the period of 2021-2030 and about 50 million passengers per year by 2050.
The projected land area is approximately 1,960 hectares, with estimated investment costs of about VND 120,839 billion for the period of 2021-2030 and about VND 61,455 billion by 2050.
The decision also adjusted the planning indicators of Noi Bai International Airport, with a designed capacity of about 30 million passengers per year for the period of 2021-2030 and about 50 million passengers per year by 2050. Thus, the capacity of Noi Bai and Gia Binh airports will be equal.
On August 19, the Ministry of Public Security organized a groundbreaking ceremony for the construction of Gia Binh International Airport. The event was chaired by Senior Lieutenant General To Lam, Member of the Politburo, Secretary of the Party Committee, and Minister of Public Security. Billionaire Ho Hung Anh, Chairman of the Joint Stock Commercial Bank for Technical Traders of Vietnam (Techcombank), was also present at the event.
Ho Hung Anh sitting next to Senior Lieutenant General To Lam at the Gia Binh Airport groundbreaking ceremony.
One of the partners of Gia Binh Airport is Masterise, which has a relationship with Techcombank. Ho Anh Minh (born in 1995) – CEO and legal representative of Masterise since January 13, 2025, is known to be the son of Ho Hung Anh.
Masterise’s logo at the Gia Binh Airport groundbreaking ceremony.
Masterise, established in 2007, was formerly known as Thao Dien Investment Joint Stock Company (TDI). In 2019, TDI changed its name to Masterise Group Joint Stock Company.
Masterise has recently announced changes to its business registration, including capital increase and business line expansion. Its chartered capital has increased to VND 35,228 billion, more than five times the previous amount of VND 6,728 billion.
Masterise’s updated registration includes 61 business lines, with new additions such as direct support for air transport, provision of in-flight meals, aviation fuel supply, travel agency services, and tour operation.
“Early Closing Hours for Hanoi Bank Branches on August 21, 27, and 29.”
“Cash transactions are only processed before 10:30 AM at the Head Office Transaction Office, VPBank Lang Ha, and VPBank Kinh Do on weekdays.”
Prime Real Estate Lots Near Keangnam Tower: TD Group’s Master-Planned Community
The Hanoi authorities have recently approved adjustments to the planning of several land lots in the Nam Trung Yen area, managed by TD Group. These land lots are earmarked for the development of two key projects: Maslight Tower and Maslight Hi-Tech Park.
“Real Estate Firms’ Profits Soar: First-Half Yearly Earnings Up 150%”
The Vietnamese real estate market witnessed significant fluctuations and a strong segmentation across segments and regions in the first half of 2025. Amidst these dynamics, listed real estate enterprises surprisingly reported a 50% surge in net profits compared to the same period in 2024, showcasing their resilience and adaptability in a challenging environment.
No Fare Hikes or Overcrowding: Inter-Provincial Buses Maintain Regular Operations for September 2nd Holiday
The upcoming 2/9 holiday will not see any surge pricing for bus fares in Hanoi, and all bus companies have pledged not to overload their vehicles with passengers. In Ho Chi Minh City, some bus companies have requested a price increase of up to 40% compared to regular days to offset the cost of returning empty buses. However, this surge pricing will only be in effect for a maximum of two peak days.
The Economic Powerhouse: Generating the Nation’s Highest Revenue Post-Provincial Merger
The initial figures from the 34 merged provinces and cities paint an intriguing picture of fiscal revenue trends. Ho Chi Minh City, bolstered by the inclusion of Binh Duong and Ba Ria-Vung Tau, has surged ahead to become the nation’s top earner, boasting an impressive revenue of over VND 465 trillion. Notably, a significant spike in land-related revenues has provided a substantial boost to the city’s coffers, presenting both opportunities and challenges in terms of market stability and efficient resource utilization.
