Bid package for Long Thanh Airport terminal canceled, bidding to recommence
The Airports Corporation of Vietnam (ACV) has canceled the bid package for Long Thanh International Airport's passenger terminal because no bids met the necessary requirements, with rebidding to soon commence.
The VND35,233 billion ($1.49 billion) package includes the design of drawings, construction, and equipment installation for the terminal in the southern province of Dong Nai.

An artist's impression of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of ACV.
When ACV held a pre-bid conference to introduce the package, it attracted almost 10 contractors from China, Germany, Japan, South Korea, and Vietnam. However, by the time of bid closing on November 8, 2022, only one had submitted a bid.
ACV said it would organize a rebidding for this package, and the process would take an additional 45 days.
The first flight is set to be launched at the Long Thanh airport on September 2, 2025, National Day, according to the Ministry of Transport
The ministry noted that the first phase of the airport project has yet to meet the land allocation requirements and asked relevant sides, including the Airports Corporation of Vietnam (ACV), registered on the unlisted public company market UPCoM as ACV, and the Civil Aviation Authority of Vietnam (CAAV) to cooperate in acquiring land for the project.
The airport, which is about 40 kilometers to the east of Ho Chi Minh City, has an annual designed capacity of 25 million passengers and 1.2 million tons of cargo in the first phase.
Upon full completion in 2050, the 5,580-hectare airport will serve 100 million passengers and handle five million tons of cargo yearly.
The airport, which is set to become the biggest in Vietnam, aims to reduce the overload at HCMC-based Tan Son Nhat International Airport. The investment for the first phase is VND109,000 billion ($4.63 billion).
- Read More
Listing, state capital divestment “blockbusters” catalysts for Vietnam's stock market
As Vietnam’s stock market enters an information lull following Q1 earnings releases and AGMs, recent news about major listing and state capital divestment plans are expected to be significant catalysts for the country's benchmark VN-Index.
Finance - Wed, May 7, 2025 | 8:17 am GMT+7
Construction of first locally-owned semiconductor factory begins in Vietnam
CT Semiconductor, a subsidiary of CT Group, has begun the second phase of construction on what is set to become Vietnam’s first semiconductor chip factory fully owned by a domestic company.
Southeast Asia - Tue, May 6, 2025 | 10:50 pm GMT+7
Japanese retailers step up business activities in Vietnam
Japanese retailers Aeon and Sumitomo have planned to expand their networks in Vietnam, Nikkei Asia reported on Monday.
Southeast Asia - Tue, May 6, 2025 | 10:39 pm GMT+7
Vietnam's budget carrier Vietjet sees 24% profit hike in Q1 on int’l growth surge
Vietjet Aviation JSC (HoSE: VJC) reported a 24% year-over-year increase in consolidated profit for Q1, driven by strong international expansion and operational excellence, reinforcing its leadership in regional connectivity.
Southeast Asia - Tue, May 6, 2025 | 10:35 pm GMT+7
Northern Vietnam city Hai Phong claims top spot for first time in Provincial Competitiveness Index
The coastal city of Hai Phong has, for the first time, topped the 2024 Provincial Competitiveness Index (PCI) with a score of 74.84, marking a significant milestone in its economic governance journey.
Southeast Asia - Tue, May 6, 2025 | 10:20 pm GMT+7
Malaysia initiates tariff talks with US
Malaysia is pushing forward tariff negotiations with the U.S., while implementing various policies to support local industries and strengthening efforts to seek new export markets.
Southeast Asia - Tue, May 6, 2025 | 10:12 pm GMT+7
ASEAN’s largest economy slows to lowest growth since Q3/2021
Official data released recently indicates that Indonesia's economic growth decelerated in Q1 due to weakened domestic consumption.
Southeast Asia - Tue, May 6, 2025 | 9:59 pm GMT+7
Vietnam's agri major BAF reports record livestock profit since listing
BAF Vietnam Agriculture JSC in Q1 posted its highest livestock profit since listing in late 2021, thanks to a surge in pig output and revenue that nearly doubled year-over-year.
Companies - Tue, May 6, 2025 | 9:36 pm GMT+7
Amkor views Vietnam 'strong market' despite US tariff uncertainties
Amkor Technology, a U.S.-headquartered semiconductor firm, sees Vietnam a strong market in the mid and long term despite tariff uncertainties under the Trump administration, said an executive.
Investing - Tue, May 6, 2025 | 4:40 pm GMT+7
Over $7.7 bln in Vietnam's private placement corporate bonds to mature in last 3 quarters
More than VND200 trillion ($7.7 billion) in privately-placed corporate bonds will mature in the final three quarters of this year, with the real estate sector accounting for half, according to independent credit rating provider S&I Ratings.
Finance - Tue, May 6, 2025 | 4:16 pm GMT+7
Sumitomo to halve equity interest in $2.58 bln thermal power plant in central Vietnam
Sumitomo has decided to transfer 50% of the Japanese giant's equity interest in its wholly-owned operator of the $2.58 billion Van Phong 1 coal-fired power plant in Vietnam’s central province of Khanh Hoa.
Energy - Tue, May 6, 2025 | 3:54 pm GMT+7
Singapore's CapitaLand Development forms strategic partnership with Vietnam's Vinhomes
CapitaLand Development has expanded in Vietnam with two major moves - a strategic collaboration agreement with leading local developer Vinhomes and the unveiling of The Fullton, a $800 million low-rise residential project in Hung Yen province.
Real Estate - Tue, May 6, 2025 | 2:56 pm GMT+7
Vietnam's disbursed FDI in 4 months posts five-year record high
Registered foreign direct investment (FDI) in Vietnam hit $13.82 billion in the first four months of the year, up 39.9%, while disbursed capital reached $6.74 billion, up 7.3% and marking a record high in five years.
Economy - Tue, May 6, 2025 | 2:12 pm GMT+7
Vietnam's Politburo requests prioritizing administrative measures to handle economic violations, instead of criminal prosecution
The Politburo, Vietnam's highest decision-making body, has ordered amendments to legal regulations to ensure that administrative measures are prioritized in handling civil and economic cases.
Economy - Tue, May 6, 2025 | 12:30 pm GMT+7
EC postpones Vietnam’s seafood inspection until year end
The European Commission (EC) has delayed its fifth inspection of Vietnam's efforts to combat illegal, unreported and unregulated (IUU) fishing to the end of 2025, according to the Ministry of Agriculture and Environment (MAE).
Southeast Asia - Tue, May 6, 2025 | 8:53 am GMT+7
Thailand lowers growth forecast for 2025
The Thai Ministry of Finance has cut its forecast for the country’s economic growth this year to 2.1% from 3%, saying that the impact of U.S. tariffs and a global slowdown would weigh on Southeast Asia's second-largest economy.
Southeast Asia - Tue, May 6, 2025 | 8:49 am GMT+7