The group is keen to construct Phan Thiet Airport as it will boost interest in its hospitality properties

in nearby Mui Ne_Photo: Le Toan

Last week, chairman of the Binh Thuan Provincial People’s Committee Le Tien Phuong signed the approval of the tender result for the construction of the $263.2 million airport.

Accordingly, Phan Thiet Airport is scheduled to be put into operation in 2018. Once finished, the infrastructure developer will be licensed to exploit business opportunities here for a period of 81 years.

Situated in Phan Thiet city, the airport will cover 543 hectares, and will be developed to meet International Civil Aviation Organisation 4C grade standards. It will be capable of receiving ATR72-600, F70, BAE146-300, and Bombardier size planes.

Director of Rang Dong Group Nguyen Van Dong told VIR that the company was keen to invest in the airport in order to bolster its projects in the province including hotels and a golf course.

Phuong said the airport would spur the province’s socio-economic development by enhancing its investment attractiveness, luring more new projects, and accelerating the implementation of registered projects.

The airport will also boost tourism by cutting the travel times to the popular holiday destination. Furthermore, Binh Thuan has great potential for mining and energy. With titanium reserves of 600 million tonnes, Song Binh and Thang Hai industrial zones are calling for investment in titanium processing.

The province also boasts thermal power, hydropower, and wind power, promoting its importance as a national power production hub.

“Investment flows will contribute to Binh Thuan’s economic restructuring in tourism, titanium processing and energy,” said Nguyen Duc Hoa, director of the Binh Thuan Provincial Department of Planning and Investment.

Rang Dong Group, which was founded in 1991, operates in tourism, traffic infrastructure, golf courses, mining, forest plantation, and real estate trading. The group currently operates Ocean Vista Apartments in Mui Ne’s Sea Links City.