International capacity and strong commitment of Masterise Group
After nearly a year of preparation, appraisal of documents, discussion and careful examination, on December 11, 2025, the National Assembly approved the investment policy for the Gia Binh airport project (Bac Ninh) and assigned Masterise Group as the investor.
This is the first 5-star international airport project in Vietnam implemented by the private sector with a total investment of up to VND196,378 billion. This event is a vivid testament to the consensus of the whole society, from the supervision of the National Assembly, the determination of the Government to the cooperation of the private sector to complete the national key project.
As a trusted investor, Masterise Group is known as a real estate development group with the largest portfolio of branded goods in Southeast Asia. This group pioneers in applying global standards to the development, operation and management of high-end projects in Vietnam.
Masterise Group's capacity has been demonstrated through a series of iconic projects such as the world's largest Marriott brand real estate area Grand Marina, Saigon; The Global City international standard urban area; or other outstanding projects such as Masteri West Heights (Hanoi), Masteri Rivera Danang (Da Nang), The Centric Urban Area (Hai Phong) ... The common point of these projects is that they all meet international standards, complete on schedule, with transparent legal documents and serve the increasingly high standard of living of Vietnamese people.
To prepare for this key infrastructure project, since August 2025, Masterise Group has taken a strategic step by increasing its charter capital from VND 6,700 billion to more than VND 35,200 billion.
The Group carefully prepared resources and made strong financial commitments with the ability to mobilize up to 85% of the total investment (about 166,921 billion VND for Gia Binh). Notably, the project does not use the state budget directly but only uses equity and legal mobilized capital of investors.
According to Notice No. 69, Deputy Minister of Finance Nguyen Thi Bich Ngoc - Vice Chairwoman of the State Appraisal Council - assessed the project as a typical example in implementing Resolution 68-NQ/TW. This not only concretizes the Party and State's policy on mobilizing breakthrough private capital for aviation infrastructure but also brings practical results in socio-economics, security and defense.
Strategic vision and high consensus
The Gia Binh International Airport Project is highly appreciated for its strategic vision in the national infrastructure planning. Vice Chairman of the Committee for Science, Technology and Environment Tran Van Khai compared Gia Binh to a "golden opportunity" for the capital region to form a "double-center" model similar to London or Tokyo. This will effectively supplement the overloaded Noi Bai airport, while creating a strong boost for the industries, logistics, e-commerce and tourism in the Northeast region of Hanoi.
Sharing the same view, delegate Mai Thi Phuong Hoa emphasized that this is a good precedent, encouraging the private model to participate in key national projects. The policy of creating an open corridor for the private sector to participate in large infrastructure is considered a creative and effective way in the context of limited public capital.
Consensus not only takes place in the parliament but also spreads widely in the community. As of early December 2025, thousands of households in 4 communes of Bac Ninh province have completed declaration and received advance payment for site clearance. Bac Ninh province also issued a special policy (Decision 38/2025/QD-UBND), supporting additional compensation of up to 30% of residential land prices and prioritizing resettlement to stabilize people's lives.
Delegate Pham Van Thinh, - Vice Chairman of the People's Committee of Bac Ninh province - affirmed his determination to invest in sync with the spirit of "if you have an airport, you must have a road".
Modern scale and roadmap to the finish line
Gia Binh International Airport is planned as the first 5-star "green, smart" international airport in Vietnam, in the group of 10 top 5-star airports in the world according to Skytrax criteria. The project is a dual-use project, serving both national defense and civil purposes, especially aiming to serve the 2027 APEC Summit hosted by Vietnam.
The investment roadmap is divided into 2 phases:
Phase 1 (until 2030): Capital of VND 146,236 billion, capacity of 30 million visitors and 1.6 million tons of goods/year.
Phase 2 (until 2050): Added 55,142 billion VND, increasing capacity to 50 million visitors and 2.5 million tons of goods/year.
