📋 Tender Overview
Vietnams aviation industry is entering a new growth cycle. According to the Civil Aviation Authority, passenger output in 2025 could reach 84 million and reach 95 million in 2026, while air cargo still maintains double-digit growth, exceeding 1.6 million tons. The rapid growth rate also exposes infrastructure limitations: Tan Son Nhat must operate beyond design for many years in a row. Noi Bai has reached its capacity ceiling, while many regional airports lack the momentum to expand. In particular, the domestic maintenance - repair - overhaul (MRO) system is hardly capable of meeting Vietnams fleet of nearly 200 aircraft. Notably, T&T Group recognized these limitations early on... nearly a decade ago. In 2018, when most businesses focused on the race to open flight routes, Bau Hiens Group chose to approach aviation from the technical operation stage - the place that best reflects the infrastructure structure and resilience of the system. This early and different step is the foundation for the strategy to expand the aviation ecosystem that this group is pursuing. Vietravel Airlines is entering a new era of aspirational growth. T&T Groups early vision of 2018 is the time when the Vietnamese aviation market witnessed a golden wave of growth. Domestic passenger output has now exceeded 70 million. Airlines are racing to expand their fleet size. A wave of new diamond opportunities with aviation explodes. In that general context, T&T Group quietly established T&T Airlines. The interesting point is that, instead of taking a shortcut with a new airline, this rookie operates mainly in the field of air transport, travel agencies, flight operations services, and direct support services and activities for air transport. The approach from the infrastructure, technical and operational foundations helps T&T Group take a step back to observe more deeply the capital market that is on the rise. There, the consequence of the domestic fleet of nearly 200 aircraft relying heavily on foreign MRO is high repair costs. Also there, Tan Son Nhat airport has to handle more than 40 million passengers even though it was designed for only 28 million; while Noi Bai port has also been at the threshold of upgrading for many years... T&T Airlines can therefore be considered a step to prepare the foundation for T&T Group to breakthrough in the next stage. From here, T&T Group realized that the problem is not in the number of routes or airlines, but in the operating platform and infrastructure - factors that determine the long-term capacity of Vietnams aviation industry. This led Bau Hiens business to the second, game-changing decision: Investing in the airport. Taking infrastructure as the pillar The next step on Bau Hiens journey to master the sky took place in 2020, when T&T Group proposed to research and prepare investment documents to build Quang Tri Airport. Notably, this is the period when global air transport has decreased by up to 60% due to the impact of COVID-19. Many international airlines were forced to stop opening flights. Some large investors seek to divest capital and even withdraw from this particular playground. T&Ts choice to build an airport - a step that seems counter-cyclical but is consistent with long-term development logic. An airport requires 5-7 years of preparation and construction; If we wait for the market to recover to begin, Vietnam will continue to lack infrastructure space in the next decade. T&T Group has turned to infrastructure at a time when the need to upgrade aviation capacity is clearer than ever. As Mr. Nguyen Quyet Chien, General Secretary of the Vietnam Union of Science and Technology Associations, once commented at a seminar on airport investment policies: A country that wants to fly high must first have solid wings, and the airport system is those wings. Perspective of Quang Tri Airport. Besides, Quang Tri is located in a strategic position of the East - West economic corridor, the route connecting Laos - Thailand - Myanmar with the East Sea. However, the locality does not have a large enough airport, leading to a paradox: a point that could become a cross-border logistics center lacks the infrastructure to perform that role. Quang Tri provinces planning for the period 2021 - 2030, with a vision to 2050, also identifies this locality as a logistics and goods transit center in Southeast Asia and transport corridors in the ASEAN region and the Mekong sub-region. Not only does it have advantages in location and connection infrastructure, Quang Tri is also located on one of the important commodity flows of the region. Currently, three major commodity flows are moving through Vietnam, notably the East - West economic corridor stretching from Myanmar - Thailand - Laos to the East Sea. This is a strategic transport route of the Mekong sub-region, where high-value items such as electronics, components, pharmaceuticals and fresh goods are increasingly growing in proportion. According to the Master Plan for developing the national airport system by 2050, Vietnam is expected to have 33 airports. In the North Central region, regional planning also points out the need to form a new infrastructure driver to support the development of industry, tourism, services and logistics.a whole region. In July 2024, the project with an area of 265 hectares, total investment of 5,800 billion VND, was officially started by the joint venture investor T&T Group - Cienco 4. The project is built to meet airport standards level 4C (according to the standard code of the International Civil Aviation Organization - ICAO) and military airport level II. The airport has the ability to develop Code E aircraft operations, meeting the needs of up to 5 million passengers per year and 25,500 tons of cargo per year. In a context where large airports such as Tan Son Nhat and Noi Bai have limited space for expansion, Quang Tri airport creates an untapped space - a new infrastructure highlight that can support the growth o
