Bac Ninh approves 1.5 billion USD Gia Binh airport urban area project

Gia Binh International Airport Urban Area 1 has just been approved in principle for investment with a total expected capital of 1.5 billion USD.

According to the decision of the People’s Committee of Bac Ninh Province, Gia Binh International Airport Urban Area 1 will be implemented in three communes of Gia Binh, Dai Lai, and Dong Cuu, with a land use scale of over 200 hectares.

The project consists of two investment phases: phase 1 has a scale of 106.8 hectares, and phase 2 is about 94 hectares. The supply includes low-rise residential areas with rough-built structures and finished exteriors, rising 4 stories high; a 12-story apartment complex along with commercial services, healthcare, education, cultural houses, and parking lots.

The project is also allocated an outdoor sports area without stands and auxiliary facilities. The population scale is over 35,600 people.

The total expected investment capital is over 39,500 billion VND (about 1.5 billion USD), excluding over 1,200 billion VND in site clearance costs. Phase 1 is expected to be completed within 52 months from the date of land allocation, and phase 2 within 76 months.

The project does not fall within areas requiring national defense and security assurance where foreigners are not allowed to own housing. Once completed, this will be a highlight of urban development south of the Duong River, associated with Gia Binh Airport and nearby industrial, high-tech, commercial, and logistics zones.

The decision also approves the project investor as Thai Bao Infrastructure and Real Estate Development Joint Stock Company. Established in September 2025 in Bac Giang ward, the company has a charter capital of 1,500 billion VND, operating mainly in the field of investing in urban areas, industrial parks, and ecological tourism areas.

Perspective of Gia Binh International Airport. Photo: VGP

Previously, the People’s Committee of Bac Ninh Province also approved the 1/500 detailed planning task for Gia Binh International Airport Urban Area 2 with a total area of over 560 hectares and a population scale of about 80,000 people. An Phu Infrastructure and Real Estate Development Joint Stock Company was assigned to organize the planning formulation.

The Gia Binh International Airport project was approved in principle by the National Assembly in December 2025, with a total capital of over 196,000 billion VND. Masterise Group was assigned as the investor of this mega-project. In phase 1, the project needs over 141,230 billion VND, and over 55,100 billion VND in phase 2. This project will open up new development space for the eastern and northeastern areas of the Capital, and reduce overloading at Noi Bai Airport.

As one of the northern industrial hubs, Bac Ninh has the advantage of being located in the Hanoi – Hai Phong – Quang Ninh key economic triangle, along with its position as the northeastern gateway to the Capital. In recent years, this province has been among the suburban markets developing many real estate segments such as housing, urban areas, and industrial parks. Many developers have been present here, such as Vingroup, T&T, Phu My Hung, and Xuan Cau Holdings.