ACV seeks more time for Long Thanh airport terminal construction

By Huong Dung
Fri, March 3, 2023 | 5:33 pm GMT+7

The Airports Corporation of Vietnam (ACV), the investor of Long Thanh International Airport, on Friday asked the Ministry of Transport for additional six months to complete the airport’s passenger terminal.

The investor's proposal means that the airport in the southern province of Dong Nai bordering Ho Chi Minh City could not open in 2025 as planned.

In the proposal, the state-run corporation explained that it needs more time to find capable and experienced contractors for the terminal construction package.

An artist's impression of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of ACV.

An artist's impression of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of ACV.

Package No. 5.10 “Construction and Equipment Installation for the Passenger Terminal Building” includes design, construction, and equipment installation for the terminal. With a total investment of VND35,233 billion ($1.49 billion), it is considered the biggest package for the first phase of the airport project.

It was planned to take 990 days, or 33 months, including weekends, holidays, and the Lunar New Year (Tet) holiday as prescribed by Vietnamese laws from the effective date of the contract.

On September 24, 2022, the ACV first issued tender invitations for the passenger terminal and then extended the deadline for bids twice to November 30, 2022. However, all tender files it received were not qualified under Article 17 of the Law on Bidding.

Therefore, it planned to issue tender invitations again in March 2023 with contractor selection criteria and contract implementation period unchanged.

Deputy Prime Minister Tran Hong Ha had asked the ACV to determine the time for implementing the terminal package and submit it to the Ministry of Transport and relevant authorities for approval.

Previously, a consortium of foreign design consultants proposed to the ACV the implementation period of 39 months for Package 5.10, including 36 months of construction and six months of trial operation.

The airport project has a total estimated investment of VND336,630 billion ($14.12 billion), with three phases. The first phase will build a runway, a passenger terminal and auxiliary works with a capacity of 25 million passengers a year.

In the second phase, the project will construct an additional runway and terminal to reach a capacity of 50 million passengers a year. The remaining items will be completed in the third phase so that the airport will have a capacity of 100 million visitors a year.

Work began in 2021 and the new airport is set to open in 2025. The second phase is scheduled for completion by 2050. Covering more than 5,580 hectares in Long Thanh district, about 40 kilometers east of HCMC, the new airport is expected to help ease overloading at Tan Son Nhat International Airport in HCMC, Vietnam’s southern economic hub.

Comments (0)
  • Read More
Agribank brings digital banking experience to remote areas

Agribank brings digital banking experience to remote areas

Agribank is a pioneer bank in investing and providing card and ATM services in Vietnam's agricultural and rural areas, meeting the needs of people in even border areas, islands, and remote areas.

Banking - Sat, May 4, 2024 | 3:50 pm GMT+7

Six miles and beyond: Vietnam draft law sets offshore boundary

Six miles and beyond: Vietnam draft law sets offshore boundary

Wind power plants with all turbines located six nautical miles beyond the nation’s sea area will be deemed offshore, per draft amendments to the Law on Electricity.

Energy - Sat, May 4, 2024 | 3:35 pm GMT+7

S Korea's Lock&Lock records 2023 sales of $61 mln in Vietnam

S Korea's Lock&Lock records 2023 sales of $61 mln in Vietnam

Lock&Lock (LocknLock), a South Korean manufacturer of household products, recorded sales of KRW83.15 billion ($61 million) in Vietnam last year, according to the firm’s performance review for 2023.

Companies - Sat, May 4, 2024 | 11:05 am GMT+7

Former HSBC Vietnam CEO to run mid-sized bank OCB

Former HSBC Vietnam CEO to run mid-sized bank OCB

Pham Hong Hai, former CEO of HSBC Vietnam, has been appointed acting general director of Ho Chi Minh City-based Orient Commercial JS Bank (OCB).

Banking - Sat, May 4, 2024 | 10:49 am GMT+7

Rice stocks plunge, delist despite Vietnamese rice success in global arena

Rice stocks plunge, delist despite Vietnamese rice success in global arena

Vietnamese rice is continuing to make gains in the global arena, but domestic rice businesses are facing constant losses and plunging stock prices.

Finance - Sat, May 4, 2024 | 10:46 am GMT+7

Thailand forms AI committee to boost digital economy

Thailand forms AI committee to boost digital economy

Thailand's Ministry of Digital Economy and Society (DES) is advancing its plans to form a new national artificial intelligence (AI) committee as part of its effort to advance the second phase of the national AI strategy.

Southeast Asia - Sat, May 4, 2024 | 8:53 am GMT+7

Indonesia welcomes highest number of foreign tourists in four years

Indonesia welcomes highest number of foreign tourists in four years

Indonesia’s Central Statistics Agency (BPS) recorded more than 3 million foreign tourist arrivals in the country in the first quarter of 2024.

Southeast Asia - Sat, May 4, 2024 | 8:51 am GMT+7

Thailand to switch to early morning, evening tourism amid extreme heat

Thailand to switch to early morning, evening tourism amid extreme heat

The Tourism Authority of Thailand (TAT) is preparing to promote early morning and evening tourism to stabilise the market, as extreme hot weather has kept people from taking part in outdoor activities.

Southeast Asia - Sat, May 4, 2024 | 8:50 am GMT+7

Indonesia expects to earn $70 bln from exports to China

Indonesia expects to earn $70 bln from exports to China

The Indonesian government is optimistic that the export value to China would reach $70 billion in 2024.

Southeast Asia - Sat, May 4, 2024 | 8:31 am GMT+7

Digital transformation, green development focuses of Vietnam logistics: official

Digital transformation, green development focuses of Vietnam logistics: official

Vietnam's logistics businesses should focus on digital transformation and green development to improve their capacity and competitiveness, said Tran Thanh Hai, deputy director of the Import and Export Department under the Ministry of Industry and Trade.

Economy - Sat, May 4, 2024 | 8:27 am GMT+7

Advance effective date of housing, realty laws by 6 months, parliament urged

Advance effective date of housing, realty laws by 6 months, parliament urged

Vietnam’s Construction Ministry has proposed that the National Assembly, the country's parliament, advance the effective date of the 2023 Laws on Housing and Real Estate Business by six months to July 1 this year.

Real Estate - Fri, May 3, 2024 | 10:07 pm GMT+7

Samsung launches training program to aid Vietnam’s 50,000 semiconductor talent goal

Samsung launches training program to aid Vietnam’s 50,000 semiconductor talent goal

Samsung Vietnam and the National Innovation Center (NIC) jointly launched the Samsung Innovation Campus (SIC) 2023-2024, a technological talent training program, at the NIC facility in Hanoi on Friday.

Companies - Fri, May 3, 2024 | 9:44 pm GMT+7

Vietnam currency to strengthen towards year-end: UOB

Vietnam currency to strengthen towards year-end: UOB

Vietnamese dong (VND), the local currency, is expected to appreciate against the greenback in H2/2024, with the U.S. Federal Reserve likely to cut interest rates twice this year.

Banking - Fri, May 3, 2024 | 7:58 pm GMT+7

Most Vietnamese tourists feel guilty about less sustainable travel choices: Booking.com

Most Vietnamese tourists feel guilty about less sustainable travel choices: Booking.com

A majority of Vietnamese survey respondents (56%) feel guilty about less sustainable travel choices and almost all of them (94%) want to travel more sustainably over the next 12 months.

Travel - Fri, May 3, 2024 | 5:32 pm GMT+7

Former Bank Central Asia senior executive becomes Techcombank independent board member

Former Bank Central Asia senior executive becomes Techcombank independent board member

Eugene Keith Galbraith, a world-class banking veteran, is expected to help Techcombank achieve its vision of becoming a leading bank in the region and the partner of choice for customers by drawing on his vast experience with Indonesia's Bank Central Asia (BCA).

Banking - Fri, May 3, 2024 | 3:51 pm GMT+7

Korea industrial giant Doosan's Vietnam unit earns $29 mln profit in 2023

Korea industrial giant Doosan's Vietnam unit earns $29 mln profit in 2023

Doosan Enerbility Vietnam Co., Ltd., the Vietnamese unit under South Korean industrial giant Doosan, earned a net profit of KRW39.65 billion ($29.11 million) in 2023.

Companies - Fri, May 3, 2024 | 3:19 pm GMT+7