Topic: upgrade

The airport projected to handle 1,000 tons of cargo annually.

Its capacity to be doubled to 5 million passengers by 2030.

Central region port to be able to accommodate vessels of 50,000 DWT.

Vietnam’s stock market looking to move up from frontier status to emerging market status.

2km-long Chu Van An Road is often congested and is in need of expansion.

Link between south-central region and central highlands facilitates local economic development.

The government has issued measures for implementing the Planning for Inland Waterway Infrastructure in the 2021-2030 Period and Vision to 2050, which identifies 17 investment projects using State budget capital and a series of projects upgrading and expanding passenger and cargo ports using enterprise capital. A breakthrough mechanism on access to foreign preferential loans by the government will also be applied for infrastructure projects that effectively connect inland waterway traffic with seaports.

A proposal has been made for a new passenger terminal to be built at Vinh International Airport in north-central Nghe An province with a capacity of 12 million passengers a year and also an additional runway. Current capacity is only 2 million passengers a year.

Due to overloading of main construction items and impressive growth in passenger volume, especially international passengers, Cat Bi International Airport in Hai Phong is expected to increase its capacity to 18-20 million passengers per year. In the future, Cat Bi International Airport will welcome a wave of international airlines opening new routes to Hai Phong and traditional airlines to expand their networks and increase flight frequency.

Vietnam one of four countries to receive an upgrade from Moody’s since the beginning of the year.