Vietnam airport construction prioritised in ASEAN multi-billion-dollar plans

The Association of Southeast Asian Nations (ASEAN) has prioritised airport construction in Vietnam as part of a USD290 billion plan to develop infrastructure in the Asia pPcific region. ASEAN’s 10 member states and six non-ASEAN countries approved the plan to develop infrastructure in the region, covering ASEAN, China and Japan. [1599 words]

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This report contains the following subheadings:

• Unofficial meeting
• FDI falls 70%, domestic investment grows 16%
• Vietnam Airlines targets 'number three' spot in the region
• ‘Reliever’ airport to handle 100 million pax p/a
• Private investors admitted in 2007
• Government can only provide 20% of the money