ACV seeks more time for Long Thanh airport terminal construction
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.
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.
- Read More
F88 wins dual workplace awards for 2025
Vietnam’s consumer finance major F88 has been named one of "Vietnam Best Places to Work" and a “Happiness at Work” enterprise for 2025.
Companies - Fri, November 21, 2025 | 4:07 pm GMT+7
European IP developer CTP plans large industrial-logistics project in northern Vietnam port city
CTP, a Dutch-led industrial park developer headquartered in the Czech Republic, is exploring a large integrated complex combining seaports, an airport, logistics facilities and industrial parks in the northern port city of Hai Phong.
Infrastructure - Fri, November 21, 2025 | 3:24 pm GMT+7
Vingroup to build $334 mln international port in central Vietnam
Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.
Infrastructure - Fri, November 21, 2025 | 3:10 pm GMT+7
HCMC ready to operate International Financial Center: city authorities
Ho Chi Minh City has completed preparations across infrastructure, spatial planning, digital systems, organizational apparatus, and human resources to ensure Vietnam's International Financial Center can begin operating immediately after the Government issues its guiding decrees.
Economy - Fri, November 21, 2025 | 2:11 pm GMT+7
Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry
Hoa Phat Agriculture Development JSC (HPA) has been valued at more than $450 million based on its newly announced IPO price, making it the second-largest company in Vietnam’s livestock industry after Masan MeatLife.
Companies - Fri, November 21, 2025 | 11:26 am GMT+7
Vietnam leads ASEAN in consumer optimism: UOB
Vietnam continues to lead the region in consumer optimism, driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS). UOB analysts offer an insight into their findings.
Economy - Fri, November 21, 2025 | 9:01 am GMT+7
MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card
MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.
Banking - Thu, November 20, 2025 | 9:38 pm GMT+7
Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification
Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.
Industries - Thu, November 20, 2025 | 5:27 pm GMT+7
Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister
Vietnamese technology firm ought to pursue a product-driven strategy and sustain long-term global ambitions, said Minister of Science and Technology Nguyen Manh Hung.
Economy - Thu, November 20, 2025 | 5:23 pm GMT+7
Vietnam’s gaming market needs more than just a 'pho restaurant'
To keep up with the booming gaming industry, Vietnamese developers must innovate by embracing stronger technology adoption while still forging a unique identity, and sometimes, that unique identity could simply be represented by a humble bowl of pho (noodle soup).
Economy - Thu, November 20, 2025 | 4:14 pm GMT+7
F88 named among Best Managed Companies 2025 by Deloitte
Vietnam’s consumer finance major F88 has been recognized by Deloitte as one of the “Vietnam Best Managed Companies 2025”, meeting international governance standards.
Companies - Thu, November 20, 2025 | 2:47 pm GMT+7
PTC1 unit assesses information security at 220kV northern Vietnam substations
The Northeast Power Transmission Team 3, a unit of Power Transmission Company No.1 (PTC1), coordinated with Cyberspace Operations Command (Command 86) to conduct an information security (IS) assessment at the 220kV Lang Son and Bac Quang substations from November 10-14.
Companies - Thu, November 20, 2025 | 1:12 pm GMT+7
Vietnam’s largest listed firm to double charter capital
Vingroup, the biggest company by market capitalization on Vietnam's bourses, said it will double its charter capital to more than VND77 trillion ($2.92 billion) after issuing nearly 3.9 billion bonus shares to existing shareholders at a 1:1 ratio.
Companies - Thu, November 20, 2025 | 11:50 am GMT+7
Consortium plans $12.8 bln boulevard-landscape project in Hanoi
A consortium including Vietnam’s transport infrastructure giant Deo Ca Group has proposed developing the VND338 trillion ($12.81 billion) Red River boulevard and landscape, which could become Hanoi’s largest-ever infrastructure project.
Infrastructure - Thu, November 20, 2025 | 8:58 am GMT+7
Viettel, UAE-based EDGE partner on defense, dual-use technologies
Military-run Viettel, Vietnam’s largest telecommunications and technology group, has signed an MoU with EDGE, one of the world’s leading advanced technology and defence companies, in a move that underscores the country’s ambition to expand high-tech manufacturing.
Companies - Thu, November 20, 2025 | 8:53 am GMT+7
Maersk eyes building major container ports in Vietnam
A.P.Moller - Maersk (Maersk) is exploring investment opportunities to develop large, modern and low-carbon container ports in Vietnam.
Infrastructure - Wed, November 19, 2025 | 4:36 pm GMT+7




















