Project

Property giant Sun Group eyes central Vietnam airport investment

Published

2 days ago

March 16, 2025

Sun Group, Vietnam’s leading real estate developer, proposed 14 projects in the south-central province of Khanh Hoa, including the Van Phong International Airport, at a meeting with provincial leaders last Wednesday.

Cam Ranh International Airport in Khanh Hoa province, south-central Vietnam. Photo courtesy of An ninh Thu do (Capital Security) newspaper.

According to a document submitted by the provincial People’s Committee to the Ministry of Transport in late 2024, Khanh Hoa proposed developing Van Phong International Airport through a public-private partnership (PPP), with an initial estimated cost of VND9.2 trillion ($363 million).

The state will oversee relocation, land clearance, and certain flight operation infrastructure, while PPP investors will be responsible for building airport facilities, civil aviation areas, and a connecting traffic system.

Van Phong airport will be located in Van Thang commune in Van Ninh district, 65 km south of Nha Trang town, 108 km south of Cam Ranh International Airport, and 48 km south of Tuy Hoa Airport in the neighboring province of Phu Yen. Its northeast-southwest runway will be 3,050 meters long.

The airport will span 497 hectares, including 10 ha managed by the military. Notably, it will be built on land reclaimed from the sea

The project will have an initial capacity of 1.5 million passengers a year. It will meet level 4E design standards and also function as a level 1 military airport.

If approved, work will start as early as this year and the completion deadline will be by 2029. The airport is part of Van Phong Economic Zone, one of three key economic zones in Khanh Hoa province.

According to the master plan of Khanh Hoa, the 150,000 ha zone plays a leading role in attracting investment and is a driving force of the economic development of neighboring regions and the whole country.

Also at the Wednesday meeting, Sun Group expressed its wish to develop several urban areas in the province such as Co Ma, Tu Bong, and Dam Mon, and the Ho Na luxury resort. Notably, the Co Ma urban area is scheduled to start in July 2025.

Addressing the function, Chairman of the provincial People’s Committee Nguyen Tan Tuan affirmed that Khanh Hoa always welcomes and creates the most favorable conditions for businesses and investors to implement projects in the province.

During the implementation process, any difficulties or obstacles will be promptly resolved by the provincial leadership and relevant departments, he noted. Tuan asked Sun Group to accelerate the progress of the ongoing projects in the province.

Sun Group is one of the leading multi-sector conglomerates in Vietnam, engaging in real estate, resort tourism, entertainment, and infrastructure investment. Recently, the group also proposed investing in the second phase of Phu Quoc International Airport in the southern province of Kien Giang to serve the 2027 APEC Economic Leaders’ Week.

It committed to completing this project within 16-18 months after land clearance is finished. Once completed, the airport can accommodate 18-20 million passengers and handle 50,000 tons annually.

Sun Group has invested in Van Don International Airport in the northern province of Quang Ninh under a build-operate-transfer (BOT) format. It has also been designated as a contractor for the Gia Bình International Airport project, with a committed completion time of 12 months.

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E-tax system resumes full operations after temporary suspension

Published

10 minutes ago

March 17, 2025

Industrialzone.net

The suspension, which lasted from 5pm on March 12 until 8am on March 17, was necessary to enhance tax management and implement structural changes.

E-tax system resumes full operations after temporary suspension

The tax authority has stated that all systems are now running smoothly, ensuring seamless tax transactions for individuals, businesses and foreign entities. (Photo: baodautu.vn)

Hanoi – Vietnam’s electronic tax system has resumed full operations starting at 8am on March 17, after a temporary suspension for system upgrades and data restructuring, the tax authority announced.

The suspension, which lasted from 5pm on March 12 until 8am on March 17, was necessary to enhance tax management and implement structural changes.

During this period, certain services such as electronic tax payment (eTax), eTax Mobile and tax applications for individuals were temporarily halted, while other functions remained accessible.

Foreign businesses operating in Vietnam can now fully access the e-portal for foreign suppliers, which remained operational but may have experienced minor delays in processing transactions during the upgrade.

Director of the Department of Taxation Mai Xuan Thanh instructed tax departments to ensure secure data migration and a smooth transition, allowing businesses and individuals to resume using the e-tax system without disruption.

Project

Central Vietnam province aims to add 2,300 MW of wind power to development plan

Published

1 hour ago

March 17, 2025

Industrialzone.net

Vietnam’s central province of Quang Tri plans to add 1,800 MW of 43 land-based wind power projects and 500 MW of offshore wind power to the draft implementation scheme of the national power development plan VIII (PDP VIII).

The draft scheme also features 260.5 MW of hydropower, 119.6 MW of solar power, and 23 MW of rooftop solar power for self-consumption, Quang Tri authorities discussed last week.

Quang Tri's acting Chairman Ha Sy Dong (standing) speaks at a meeting in the province, central Vietnam, March 14, 2025. Photo courtesy of Quang Tri newspaper. — Quang Tri’s acting Chairman Ha Sy Dong (standing) speaks at a meeting in the province, central Vietnam, March 14, 2025. Photo courtesy of Quang Tri newspaper.

Until 2030, Quang Tri aims to facilitate power import of 2,000 MW from Laos.

Provincial authorities will also facilitate investors of 500 kV, 200 kV, and 100 kV power grid projects, in line with the deployment of wind, solar, gas-fired power, and imported power (from Laos) projects.

Addressing the meeting, Quang Tri’s acting Chairman Ha Sy Dong asked the Department of Industry and Trade to collaborate with investors to complete the applications for in-principle approval by March 20.

He also requested the Department of Finance to finalize the land recovery plan for site clearance by March 25.

Vietnam’s current PDP VIII has 6,000 MW of offshore wind power, including 500 MW in the central-central region.

In February 2025, Vietnamese Ministry of Industry and Trade proposed delaying the development of offshore wind power until after 2030, instead of meeting the initial target of 6,000 MW by 2030.

However, in March 2025, the Government requested that offshore wind power projects under the PDP VIII must complete by 2030.

Project

Manufacturing, processing push up industrial growth in five months

Published

3 hours ago

March 17, 2025

Industrialzone.net

Vietnam’s industrial sector experienced positive growth in the January-May period, with 55 out of 63 provinces and centrally-run cities nationwide reporting annual increases in the Index of Industrial Production (IIP), according to the General Statistics Office (GSO).

The GSO identified manufacturing, processing, and electricity production and distribution as the primary drivers of the growth. Provinces recording high growth included Phu Tho (31.2%), Bac Giang (24.9%), and Binh Phuoc (14.8%). However, some other provinces like Ha Tinh, Quang Ngai and Ca Mau saw respective declines of 9%, 8.25% and 2.5% in their indexes.

Overall, the national IIP in May continued its upward trajectory, rising 3.9% month-on-month and 8.9% year-on-year. The five-month period saw an yearly increase of 6.8%.

A deeper analysis revealed the processing and manufacturing industries as the key contributor to the growth, boasting a 7.3% rise and adding 6.4 percentage points to the overall increase. The electricity production and distribution sector also performed strongly, with 12.7% growth, contributing 1.1 percentage points. Additionally, the water supply, waste, and wastewater management sector went up 6.3%, adding 0.1 percentage point. However, the mining sector experienced a decline of 5.2%, resulting in a reduction of 0.8 percentage point in the overall growth.

Specific product categories within the processing and manufacturing sectors posted impressive growth. Production of rubber and plastic products surged by 27.4%, while electrical equipment saw a 24% increase. Production of chemicals and chemical products grew by 20.1%, followed by beds, cabinets, tables, and chairs (19.6%) and metal products (13.2%).

In light of these findings, the GSO proposed a series of recommendations to further bolster Vietnam’s industrial development. It urged the Ministry of Industry and Trade (MoIT) to prioritise a structural shift toward increasing the proportion of processing and manufacturing industries within the overall industrial sector, while simultaneously reducing reliance on the assembly and processing of imported products; enhance enterprise competitiveness and incentivise the use of domestically produced goods via technical barriers for certain imports.

Additionally, the GSO recommended that the MoIT refine key institutions such as the Key Industrial Law and the Law on Chemicals. Expediting the disbursement of public investment capital and hastening crucial projects in the fields of electricity, oil and gas, manufacturing, processing, and mining are also highlighted as crucial steps.

Head of the GSO’s Industrial and Construction Statistics Department Phi Thi Huong Nga suggested that localities should launch more stimulus and promotion schemes to increase purchasing power while helping industrial firms find partners and expand markets through trade exhibitions.