Phan Thiet Airport Project: Key Investment Decisions and Adjustments
The People’s Council of Lam Dong Province holds the authority to approve Group A investment projects utilizing state capital within its jurisdiction. Meanwhile, the People’s Committee of Lam Dong Province is responsible for endorsing investment policies for airport construction, including runways and terminals. Adjustments, terminations, or suspensions of PPP contracts also fall under provincial authority, provided the contracts are within their purview.
Deputy Prime Minister Tran Hong Ha has directed the Lam Dong People’s Committee to adhere to relevant legal frameworks when terminating contracts, approving investment policies, and adjusting the Phan Thiet Airport Project (civil aviation component). Compliance with legal procedures is mandatory.
The Ministries of Finance and Construction will collaborate and provide guidance to the Lam Dong People’s Committee throughout the implementation process, in line with their respective mandates.
Phan Thiet Airport: Bridging Military and Civilian Infrastructure
Launched in 2015, the Phan Thiet Airport Project (Mui Ne Ward, Lam Dong Province) comprises two components: military (completed) and civilian. The civilian segment aims to upgrade the airport from Class 4C to 4E, featuring a 3,050-meter runway and a capacity of 2 million passengers annually by 2030. However, the project has faced repeated delays due to investor changes, shifting investment models, and procedural bottlenecks.
Clarifying decision-making authority and streamlining investment policy adjustments are pivotal steps in resolving these challenges. This progress paves the way for the civilian component’s commencement, ensuring alignment with military infrastructure and meeting the expectations of residents and businesses.
Proposed 50% Subsidy for Technical Infrastructure Development in Independent Social Housing Projects
Hanoi proposes to subsidize up to 50% of the investment costs for constructing external technical infrastructure in standalone social housing projects.
Da Lat’s 870 Billion VND Ring Road Project Faces Repeated Delays
After years of delays, the Da Lat Ring Road project in Lam Dong Province has missed yet another deadline due to seven households failing to hand over their land, further stalling construction progress.
A Visionary Forecast: 20 Million International Passengers Through Long Thanh Airport in Its Inaugural Year
The anticipated international passenger volume is expected to reach 20 million per year when Long Thanh International Airport’s first phase becomes operational. Thus, it is imperative to initiate the second phase of the Long Thanh International Airport project immediately after the completion of the first. This entails investing in the construction of an additional passenger terminal and a third runway to cater to the burgeoning demand.
A Province’s Joy: Millions in Ninh Binh Rejoice as Good News Arrives
The Ninh Binh Provincial People’s Committee has proposed to the Government working delegation a range of key projects to be implemented in the region.
Tightening the Reigns on Real Estate Brokerage Activities
A nationwide crackdown on the real estate market has been ordered by local authorities across the country. Unlicensed brokers, misinformation about projects, and misleading advertising will be met with stringent penalties, including license revocation.
