Masterise's ambition at the "super" Gia Binh Airport Project worth 195,000 billion VND

Illustration photo.

Deputy Prime Minister Tran Hong Ha has just signed Decision No. 1722/QD-TTg of the Prime Minister dated August 12, 2025 on the establishment of the State Appraisal Council to appraise the investment policy of the Gia Binh International Airport Construction Investment Project.

This is a project proposed by Masterise Group Joint Stock Company with the implementation proposal submitted to the competent authority in early August 2025. The project is expected to be implemented under the mechanism of domestic investors implementing business investment in accordance with the provisions of the Investment Law.

Accordingly, Masterise plans to establish an economic organization 100% owned by the investor to implement the Gia Binh International Airport construction investment project.

If approved by competent authorities, Masterise will build Gia Binh International Airport to serve both national security and defense purposes, and at the same time become a 5-star airport according to the criteria of international air transport rating organizations (Skytrax).

In addition, Gia Binh International Airport will not only be the aviation gateway of Hanoi and the North, but also aim to become a major transit airport in Asia, an aviation logistics center, affirming Vietnam's position and prestige in the international arena.

Specifically, in addition to serving as a specialized airport serving private aircraft, meeting all requirements for ceremonies, security and flexibility for the activities of high-ranking domestic and international leaders, Masterise will mobilize resources to develop Gia Binh into a dual-use international airport, together with Noi Bai International Airport, ensuring to meet the development needs of the Red River Delta region and the transportation needs of localities throughout the country and the world.

Masterise plans to build an aviation logistics center at Gia Binh International Airport in the Northeast of Hanoi, serving cargo transportation, promoting commercial production and e-commerce; a regional maintenance and repair center (MRO) and developing modern non-aviation and commercial services.

In particular, Masterise will invest in building Gia Binh International Airport according to the Smart-Green Airport model, integrating high technology (AI, IoT) and the Airport City model to create development momentum for the entire region.

It is known that the Gia Binh International Airport construction investment project proposed by Masterise has a land use area of approximately 1,884.88 hectares (excluding security land managed by the Ministry of Public Security), of which land used for civil aviation works is approximately 957.65 hectares; land used for shared airport works is approximately 927.23 hectares.

The project has a scale and design capacity of 4E airport level (according to the standard code of the International Civil Aviation Organization - ICAO) with 4 runways meeting the operational requirements of 2030 with a capacity of about 30 million passengers/year, 1.6 million tons of cargo/year; by 2050, it will reach a capacity of about 50 million passengers/year and 2.5 million tons of cargo/year.

Masterise estimates the total investment capital of the Gia Binh International Airport Construction Investment Project to be VND 195,124 billion, of which the investor's contributed capital is VND 29,268 billion, equivalent to 15% of the total investment capital; mobilized capital is VND 165,855.364 billion, equivalent to 85% of the total investment capital.

Masterise Group Joint Stock Company was established in 2007, formerly Thao Dien Investment Joint Stock Company, currently led by Mr. Ho Anh Minh as General Director.

This is a multi-industry and multi-field investment group, including apartment project development, urban areas, resort and commercial real estate, real estate brokerage, real estate management, building operations, etc.

As of July 2025, Masterise Group Joint Stock Company has equity of approximately VND 25,722 billion.

Source: https://baodautu.vn/tham-vong-cua-masterise-tai-sieu-du-an-san-bay-gia-binh-tri-gia-195000-ty-dong-d358345.html