Work on an international airport on the island district of Van Don, northern Quang Ninh Province, is expected to start next year to turn the island into a new business and tourism hub of the country.
The Van Don International Airport is part of a development plan for the Van Don Economic Zone, which was ratified by Prime Minister Nguyen Tan Dung in July 2007.
It is being run by Quang Ninh Province’s People’s Committee and U.S.-based property developer Rockingham Asset Management LLC.
The US$2.3 billion development will be rolled out in three phases from 2010 to 2030, Vietnam News Agency reported.
The U.S. group and local officials are in discussion to draw up a detailed roadmap for the project which is due to start next year.
Just 50 kilometers from northern Ha Long City, Van Don Island District is the largest and most developed part of Bai Tu Long Bay, a long string of islands north of UNESCO-listed Ha Long Bay.
The Van Don Economic Zone is expected to attract 40 investment projects with a combined investment capital of $5.15 billion by 2015.
Covering an area of 2,171 square kilometers, the zone is on its way to become a luxury eco-tourism area as well as an economic hub to house some 150,000 residents by 2020.