Driving the formation of a new generation air transport economic center

Vietnam is strategically focusing on developing a new generation air transport economic center to unlock growth potential, particularly by attracting private investment for crucial infrastructure. Associate Professor Dr. Nguyen Thuong Lang, a senior lecturer at the Institute of International Trade and Economics, highlighted that with limited state resources, private capital is essential for accelerating key projects and optimizing operational efficiency.

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In the context of limited state resources, attracting private investment to develop infrastructure is a strategic solution to accelerate the progress of key projects and improve operational efficiency and optimize investment resources.

The government's recent issuance of Resolution No. 68-NQ/TW, which promotes private economic development, has opened doors for increased private sector involvement in infrastructure. This initiative aligns with Vietnam's broader strategy of prioritizing investment in modern, synchronized infrastructure, including expressways, seaports, and airports. These projects are seen as vital for resource mobilization and national development in the new era.

Airports, in particular, are viewed as comprehensive breakthroughs with significant spillover effects. Historically, underdeveloped infrastructure has hampered growth in various sectors, increasing logistics costs and hindering tourism and investment. By improving air connectivity, Vietnam aims to facilitate both domestic and international passenger flow and boost demand for air cargo, especially for high-tech products and electronic components destined for export.

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Key infrastructure projects (expressways, seaports, airports) are priorities in breaking through investment in synchronous and modern infrastructure. This is one of Vietnam's 3 strategic breakthroughs to unlock resources and achieve breakthrough development for the country in the new era.

Drawing on international models, successful air transport economic centers are not merely about standalone infrastructure but integrate logistics with a wide array of services. They create synergistic growth spaces from underground to high altitudes. The key to their success lies in the collaborative efforts of market dynamics and leading enterprises, often referred to as "anchor tenants" like major logistics firms, airlines, and technology corporations. This integrated approach maximizes collective strength and efficiently connects national resources for rapid and sustainable development.

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The strength of the Chinese model is scale – using the national will to concentrate resources and systematically address issues such as infrastructure, setting standards and risk sharing, where markets typically fail.