Over VND5.1 trillion (US$242 million) will be injected into building Quang Ninh International Airport in northeastern Van Don Island District.
The airport, covering 285 ha in Doan Ket Commune, will allow operation of long-range and wide-body Boeing 777s.
By 2020, the airport will have at least for aprons and be able to handle 2 million passengers and 10,000 tonnes of goods every year. By 2030, it will be expanded with seven aprons and be able to handle 5 million passengers and 30,000 tonnes of good per year.
The first phase will cost VND3.5 trillion (US$160 million), nearly two thirds of the total investment.
The PM has approved to undertake the project under a BOT (build-operate-transfer) model.
The airport is expected to spur socioeconomic development in the northern province.