In a significant push towards enhancing its economic landscape, Vietnam is focusing on developing its aviation economy and exploring outer space as new driving forces for growth. Prime Minister Pham Minh Chinh has emphasized the critical need for a robust airport system to support this vision. The Gia Binh Airport in Bac Ninh is set to be completed within 12 months, marking a record for airport construction in the country. This project is being undertaken by Sun Group, a contractor renowned for its work on Van Don International Airport [34bcd618].
The Gia Binh Airport is designed to serve both national defense and economic purposes, reflecting the government's dual focus on security and growth. Currently, Vietnam boasts 22 airports that accommodate around 100 million passengers annually, with ambitious plans to expand this number to 33 by 2050 [34bcd618]. The government is actively encouraging private investment in airport infrastructure to optimize costs and mitigate budget overruns, recognizing that 58% of global tourists travel by air, which underscores the importance of aviation infrastructure for economic expansion [34bcd618].
This initiative aligns with the recently approved high-speed railway project, which will connect Hanoi to Ho Chi Minh City, further enhancing Vietnam's transportation capabilities. The railway project, valued at US$67 billion, is expected to significantly boost regional connectivity and economic competitiveness [d6ceadb0]. Together, these infrastructure developments are poised to create a breakthrough for Vietnam's economy in what is being termed the 'era of national growth' [34bcd618].