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Ninh Binh International Airport project, a new step forward for the regional economy

Ninh Binh province is studying the possibility of forming an airport with an expected scale of welcoming 4.5 million passengers by 2030.

This is a key infrastructure project to expand the economic, tourism and trade development of the southern Red River Delta region, while reducing pressure on airports in the Hanoi area.


The province plans to locate Ninh Binh international airport in Liem Tuyen ward, with a convenient distance to important traffic hubs in the region. Photo: Lương Hà

According to the consulting unit, Ninh Binh airport has a large service area. The project is expected to welcome about 4.5 million passengers by 2030 and reach 10 million by 2050. The project not only contributes to the economic and tourism development but also has significance in ensuring national defense and security in the region.

Mr. Pham Quang Ngoc – Chairman of Ninh Binh Provincial People’s Committee said that the investment project to build an international airport in Ninh Binh is one of the key infrastructure orientations, associated with the master plan of the national airport system for the period 2021 – 2030, with a vision to 2050.

According to the proposal and recommendation report to the Ministry of Construction, the province plans to locate Ninh Binh international airport in Liem Tuyen ward, with a convenient distance to important traffic hubs in the region.

The planned scale of the airport is to meet the 4E standard according to the classification of the International Civil Aviation Organization, with 2 parallel runways. The total planned area is about 720 hectares.

The initial design capacity is about 10 million passengers/year; there is land reserve for expansion to meet development needs in the next stages.

The establishment of an international airport in Ninh Binh will contribute to promoting regional and inter-regional connectivity, effectively exploiting the potential of heritage, cultural and spiritual tourism, creating more job and livelihood opportunities for local people.

Source: https://laodong.vn

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Bac Ninh will plan urban railways through industrial parks

Mr. Mai Son – Standing Vice Chairman of the Bac Ninh Provincial People’s Committee said: In the 2025 – 2030 term, Bac Ninh province will strive to plan in detail the urban railway network, this urban railway will connect industrial parks together.

This Congress of Bac Ninh Provincial Party sets out 5 key tasks, 3 breakthroughs, and 4 groups of solutions. “The three breakthroughs are infrastructure, human resources, and institutions. This is a continuation of the previous term,” said Mai Son, Standing Vice Chairman of the Bac Ninh Provincial People’s Committee.


Mr. Mai Son – Standing Vice Chairman of the Bac Ninh Provincial People’s Committee

To have a synchronous and modern transport network, the Standing Vice Chairman of the People’s Committee of Bac Ninh province said that it is necessary to make a good planning. In the 2025 – 2030 term, Bac Ninh province will strive to plan in detail the urban railway network based on the provincial planning for the 2021-2030 period, with a vision to 2050, approved by the Prime Minister.

“This urban railway will connect industrial parks together to serve the transportation of goods and workers to work,” said the Standing Vice Chairman of Bac Ninh province.

Mr. Mai Son also stated that in the coming time, Bac Ninh province will continue to invest in connecting roads with neighbouring provinces and cities. “The largest project being implemented is the 120m wide road connecting Gia Binh airport with Hanoi city,” said the Standing Vice Chairman of Bac Ninh province. Gia Binh airport will be the largest in the North, Noi Bai airport will reduce its scale.

Source: https://baoxaydung.vn

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Viglacera received two prestigious awards in September 2025

Viglacera received two prestigious awards: Top 25 Leading Listed Brands in 2025, a prestigious ranking announced by Forbes on 25th September 2025 and Top 50 Most Effective Businesses in Vietnam voted and organized by Nhip Cau Dau Tu Newspaper on 27th September 2025.

The Top 25 Leading Listed Brands in Vietnam ranking by Forbes Vietnam is one of the most prestigious rankings. This is an exclusive calculation method from Forbes USA, with financial data from ACB Securities Company Limited (ACBS), ensuring objectivity and high accuracy.

Brand value is defined based on the contribution of tangible and intangible assets to corporate profits. Forbes Vietnam collects data from listed companies on the three exchanges HOSE, HNX and UPCoM, calculates profits from intangible assets, allocates brand contribution coefficients by industry, and combines the average P/E ratio of the industry at the time of assessment. The ranking accurately reflects reputation, brand strength and business efficiency.

With its brand value increasing significantly, Viglacera continues to be honored in the TOP 25 Leading Listed Brands in Vietnam 2025. This achievement affirms Viglacera’s position in the construction materials and real estate industry, thanks to its sustainable development strategy, outstanding product quality, and strong presence in both domestic and international markets.


The second award received was “TOP 50 effective businesses” in the Vietnamese stock market, a valuable and prestigious ranking by Nhip Cau Dau Tu Magazine with the consultation of leading economic and business experts.


Based on the above evaluation criteria, in 2024, Viglacera Corporation (VGC) had a profit increase of 35% compared to the plan; return on equity of the Parent Company (ROE) was 15.5%; The Corporation timely paid dividends to shareholders at 22% in cash.

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Viglacera leads the joint venture to invest in the Tien Duong 1 Social Housing Project in Hanoi

Hanoi – on 24th September 2025, the Hanoi People’s Committee issued Decision No. 4851/QD-UBND, officially approving the investor consortium to implement the project of building Tien Duong 1 Social Housing Area, in Phuc Thinh Commune, Hanoi City, implemented in the form of investor selection and bidding in land-use projects.


the Tien Duong 1 Social Housing Project in Hanoi

Before that, the Tien Duong 1 Social Housing Construction Project, in Tien Duong commune, Dong Anh district, Hanoi city (now Phuc Thinh commune, Hanoi city) was approved for investment in the Decision No. 618/QD-UBND dated 24th December 2024 of the Hanoi People’s Committee. On 26th June 2025, the City People’s Committee continued to approve the results of the call for interest in the Tien Duong 1 Social Housing Construction Project in Decision No. 3189/QD-UBND.

These are important legal steps to implement a large-scale project with a total estimated investment of 8,690,426 billion VND, excluding compensation, support, and resettlement. Estimated compensation costs 616,996 billion VND.

The approved investor consortium includes: Viglacera Corporation – JSC, Hoang Thanh Infrastructure Investment and Development JSC and Central Construction JSC.

The total capital contribution of these three investors is 1,500 billion VND. Of which, Viglacera contributes the largest capital ratio of 55% (825 billion VND), Hoang Thanh Company contributes 30% (450 billion VND) and Central Company contributes 15% (225 billion VND). Thus, the capital contribution of the investor: 1,500 billion VND (accounting for 16.1% of the expected investment capital of the project). Mobilized capital: 7,807.422 billion VND (accounting for 83.9% of the expected investment capital).

The project is implemented from 2024 to 2030. The operating period is 50 years, calculated from the date of decision for the investor to have land allocated, land leased and land use purpose changed.

The Hanoi People’s Committee requests the investor consortium to comply with the Housing Law and related legal regulations; ensure financial resources and complete procedures on planning, land, and construction before implementation. The City’s functional agencies are assigned to support and closely monitor the implementation of this project in accordance with current legal regulations… 

According to the Decision approving the investment policy, the land area for research and project implementation is nearly 44.6 hectares. The population is about 12,465 people. This project will provide about 3,530 apartments (including 3,103 social housing units, 427 commercial apartments) and 99 adjacent low-rise houses.

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