Over VND5.1 trillion (US$242 million) will be injected into building Quang Ninh International Airport in Van Don Island District, north-eastern Quang Ninh Province, according to official plans.
The airport, to span 285ha in Doan Ket Commune, will have runways 3,000m x 45m in size to allow the operation of long-range and wide-body Boeing 777s. Accordingly, construction will be carried out in two phases, with the first stage undertaken between now and 2020.
By 2020, the airport will have at least four aprons and be able to handle 2 million passengers and 10,000 tonnes of goods per annum.
By 2030, it will be expanded to have seven aprons, with the capacity to handle 5 million passengers and 30,000 tonnes per year.
A separate 336,000sq.m-apron for military airlines will be built upon demand.
The first phase will cost VND3.5 trillion ($160 million), nearly two-thirds of the total investment.
The Prime Minister has approved to undertake the project under a BOT (build-operate-transfer) model.
Local leaders expect the airport will help spur socio-economic growth in the province - a key economic hub in the northern region and home to World Heritage Ha Long Bay as well as many other landscapes.
The Government ratified the airport master plan in January 2009, and said it forms part of shaping up the Van Don Economic Zone.