Van Don Special Economic Zone (Quang Ninh) holds significant geo-economic and political strategic importance for Vietnam and the international community. Notably, Van Don International Airport, a VND 7.7 trillion project funded by Sun Group under the BOT model, stands as Vietnam’s first private airport.
Certified as a 4E-class airport and a Level II military airport, Van Don International Airport is equipped to handle large aircraft such as B777, B747, and A350—capabilities previously limited to major airports like Tan Son Nhat, Noi Bai, Da Nang, and Can Tho.
This distinction positions Van Don as a standout region, poised to evolve into a diversified, multi-sector economic hub with global competitiveness. It is envisioned as Vietnam’s next-generation special economic zone.
A glimpse of Van Don Special Economic Zone.
Recently, Haeco Group, headquartered in Hong Kong, met with Deputy Prime Minister Nguyen Hoa Binh. During the meeting, Haeco’s CEO announced plans to invest $360 million, in partnership with Sun Group and other stakeholders, to develop an aircraft maintenance complex at Van Don International Airport.
Earlier, Haeco signed a 15-year contract with a U.S. partner to service and repair aircraft at the Van Don facility. This initiative unlocks new opportunities for collaboration with Vietnamese and international partners.
Haeco’s leadership also urged Vietnam to facilitate their operations through favorable policies in taxation, land leasing, visas, immigration, housing for experts, and workforce development.
Van Don International Airport.
In response, Deputy Prime Minister Nguyen Hoa Binh emphasized Vietnam’s commitment to attracting foreign investment in high-tech sectors. He assured that all high-tech industries, including aircraft maintenance, would receive priority and incentives.
Deputy Prime Minister Binh urged Haeco to finalize investment procedures in Van Don and encouraged the company to invest in local workforce training, highlighting Vietnamese workers’ capability to excel in high-tech roles.
Additionally, Quang Ninh Province and Sun Group have developed housing projects to accommodate international experts working in Vietnam.
Haeco is a global leader in aircraft maintenance, repair, and overhaul (MRO), offering services for airframes, engines, components, and aviation technical training. As a subsidiary of the UK-based Swire Group, Haeco operates across Asia-Pacific, North America, and Europe, serving over 300 airlines with 16,000 employees and 28 hangars through its 16 subsidiaries.
HAECO, Sun Group, and Partners to Invest $360 Million in Aircraft Maintenance Complex in Quang Ninh
The Vietnamese government is fully committed to providing the most favorable conditions for Swire Group and its subsidiaries, including Haeco, to invest, operate, and engage in long-term, effective business partnerships in Vietnam.
Secretary General To Lam Meets with Luxshare-ICT Group Leadership (China)
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Haeco and Sun Group Launch $360 Million Aircraft Maintenance Complex in Van Don
On the afternoon of November 17th, Deputy Prime Minister Nguyễn Hòa Bình received Mr. Richard Sell, CEO of Haeco Group, to discuss a $360 million investment project. This ambitious venture aims to establish a state-of-the-art aircraft maintenance complex at Van Don International Airport in Quang Ninh province.
Attracting Foreign Capital to Vietnam’s Stock Market
According to the Head of Stock Market Development, introducing new products, restructuring the investor base, expanding funds, and enhancing indices will collectively attract long-term capital inflows.
THACO Announces 108 Foreign Investors Holding 26.8% of Chartered Capital, Singapore’s JC&C Secures 26.6%, and Multiple South Korean Individuals Featured
THACO, led by Tran Ba Duong, has recently updated its chartered capital to a staggering VND 30,510 billion.
