Construction kicks off at mega Long Thanh airport

By Tri Duc, Bach Quang
Thu, August 31, 2023 | 8:05 pm GMT+7

Construction of the Long Thanh International Airport's terminal in Dong Nai province and the third terminal at Tan Son Nhat International Airport in Ho Chi Minh City commenced on Thursday.

Prime Minister Pham Minh Chinh attended the Long Thanh airport event. Lai Xuan Thanh, chairman of state-run Airports Corporation of Vietnam (ACV), the investor, said the two projects are of national importance, playing an vital role in the southern region and Vietnam's socio-economic development.

Prime Minister Pham Minh Chinh at the ceremony to commence construction of Long Thanh International Airport's terminal in Dong Nai province, southern Vietnam, August 31, 2023. Photo courtesy of the government portal.

Prime Minister Pham Minh Chinh at the ceremony to commence construction of Long Thanh International Airport's terminal in Dong Nai province, southern Vietnam, August 31, 2023. Photo courtesy of the government portal.

The VND35 trillion ($1.49 billion) terminal package is set to be completed in 39 months. It will cover 150 hectares, featuring one basement and three floors, and 40 aircraft parking positions.

According to ACV, the construction will use the most modern technology in the field of aviation and materials with high durability and aesthetics.

A consortium, named Vietur and led by Turkish conglomerate IC Ictas, in mid-August won the bidding package to build the terminal. Vietur consists of IC Istas, a subsidiary of IC Holdings of Turkey, and nine Vietnamese firms: Ricons; Newtecons; Sol E&C; Construction Corporation No. 1; Vinaconex; Hanoi Construction Corporation; Phuc Hung Holdings; ATAD and Hawee. The Turkish contractor has built the Pulkovo airport in Russia, Varna Burgas in Bulgaria and several airports in its homeland.

Located in Dong Nai province, about 40 kilometers east of HCMC, Long Thanh is expected to ease the burden on the city’s heavily overloaded Tan Son Nhat International Airport.

The VND336.63 trillion ($14.12 billion) project is divided into three phases. The first phase, worth VND110 trillion ($4.64 billion), will consist of a runway, terminal and auxiliary facilities that can serve 25 million passengers per year. The terminal is the largest package in the first phase.

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 to give the airport a capacity of 100 million visitors a year.

On the same day, ACV commenced the construction of a third terminal (T3) at the Tan Son Nhat airport in HCMC, neighboring Dong Nai province.

The VND10.99 trillion ($461.4 million) new terminal will cover 112,500 square meters, consisting of a basement and four floors. It is designed to have 90 check-in counters, 20 automatic luggage counters, 42 check-in kiosks, and 27 boarding gates.

The terminal is expected to become operational in the second quarter of 2025. Once completed, T3 will handle domestic flights and up to 20 million passengers annually.

Tan Son Nhat has two terminals now, with T1 serving domestic flights and T2 handling international flights. T1 can serve 15 million passengers a year, while T2's capacity is 10 million.

ACV in early August announced the contractor for construction and equipment installation at T3. The package, worth more than VND9 trillion ($378.5 million), will be undertaken by a consortium of six Vietnamese companies, namely Hanoi Construction Corp, No. 1 Construction Corp, Corporation 319 under the Ministry of Defense, Truong Son Construction Corp, Ricons JSC, and Luu Nguyen Construction Ltd.

Comments (0)
  • Read More
Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam

Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam

Three construction majors in Vietnam are interested in building an expanded expressway connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang for an estimated VND38.6 trillion ($1.52 billion).

Infrastructure - Tue, November 19, 2024 | 8:18 pm GMT+7

Singapore, Germany upgrade relations to strategic partnership

Singapore, Germany upgrade relations to strategic partnership

Singapore and Germany have decided to elevate their ties to a Strategic Partnership to promote closer cooperation in areas of mutual interest such as security, artificial intelligence (AI) and clean energy.

Southeast Asia - Tue, November 19, 2024 | 8:01 pm GMT+7

Thailand’s rice shipment up 20% in 10 months

Thailand’s rice shipment up 20% in 10 months

Thailand exported 8.37 million tons of rice in January-October, a year-on-year increase of 20%, according to the Ministry of Commerce.

Southeast Asia - Tue, November 19, 2024 | 8:00 pm GMT+7

Vietnam’s inconsistent legal framework poses problems for FDI sector: Deep C exec

Vietnam’s inconsistent legal framework poses problems for FDI sector: Deep C exec

Vietnam’s legal framework lacks consistency and the foreign direct investment (FDI) sector will soon face challenges related to the Law on Environmental Protection, says Bruno Jaspaert, CEO of Deep C Industrial Zones.

Economy - Tue, November 19, 2024 | 6:30 pm GMT+7

Vietnam shares sink on extended foreign selloffs

Vietnam shares sink on extended foreign selloffs

Vietnamese equities fell for a fourth consecutive day on Tuesday as foreign traders extended their selling spree.

Finance - Tue, November 19, 2024 | 5:10 pm GMT+7

Germany’s household product firm QuickPack to invest $32 mln in Vietnam

Germany’s household product firm QuickPack to invest $32 mln in Vietnam

Germany’s QuickPack, a specialist for household goods and hygiene products, will invest €30 million ($31.8 million) in Vietnam’s Mekong Delta province of Long An.

Industries - Tue, November 19, 2024 | 4:24 pm GMT+7

Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers

Malaysian millionaire willing to invest in convicted Vietnamese tycoon’s property project: lawyers

Malaysian millionaire Vincent Tan has evinced investment interest in a residential project owned by convicted tycoon Truong My Lan, chairwoman of Van Thinh Phat Group, lawyers for the latter have disclosed.

Real Estate - Tue, November 19, 2024 | 4:17 pm GMT+7

‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects

‘Bottleneck of bottlenecks’ continues to dog Vietnam's property, infrastructure projects

Limited consultations between state agencies and the parliament’s primary focus on wording are issues with Vietnam’s legal framework adversely affecting property and infrastructure projects, say experts and corporate leaders.

Economy - Tue, November 19, 2024 | 3:40 pm GMT+7

President Xi Jinping hastens construction of 3 Vietnam-China rail routes

President Xi Jinping hastens construction of 3 Vietnam-China rail routes

Chinese President Xi Jinping has called for more substantial cooperation between China and Vietnam, including the pacier implementation of three railway routes linking the two nations.

Infrastructure - Tue, November 19, 2024 | 3:08 pm GMT+7

Vietnam developers offer deferred principal payments, interest support to boost year-end sales

Vietnam developers offer deferred principal payments, interest support to boost year-end sales

Vietnamese housing developers are offering several incentives including deferred principal payments and interest support to stimulate demand and boost liquidity as the year nears its end.

Real Estate - Tue, November 19, 2024 | 2:29 pm GMT+7

Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia's EQ Resources acquires TMG Group with Vietnam-based ferrotungsten factory

Australia-based EQ Resources Limited has acquired its fellow firm Tungsten Metals Group (TMG), which owns and operates the largest ferrotungsten (FeW) factory outside China.

Companies - Tue, November 19, 2024 | 11:00 am GMT+7

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities becomes largest broker in Vietnam by capital base

Techcom Securities JSC (TCBS) has become the largest securities company in Vietnam by charter capital after finishing a rights offering last week.

Finance - Tue, November 19, 2024 | 9:11 am GMT+7

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam airport operator ACV looks to better exploit non-aviation service potential: exec

Vietnam's airports operator ACV expects to earn $145 million from non-aviation services this year, accounting for around 18.83% of its total revenue, which is modest compared to other countries, said deputy general director Nguyen Duc Hung.

Companies - Tue, November 19, 2024 | 7:45 am GMT+7

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

The Investor to host seminar on removing legal bottlenecks for infrastructure, property investment

A seminar themed “Removing legal bottlenecks for infrastructure and property investment” will be organized by The Investor in Hanoi on Tuesday.

Companies - Tue, November 19, 2024 | 7:00 am GMT+7

Indonesia promises Asia-Pacific investors more incentives

Indonesia promises Asia-Pacific investors more incentives

Indonesian President Prabowo Subianto recently told the press that he will create more incentives and expand special economic zones (SEZs) so as to lure investors from Asia-Pacific.

Southeast Asia - Mon, November 18, 2024 | 11:01 pm GMT+7

Indonesia, Brazil enhance aviation cooperation

Indonesia, Brazil enhance aviation cooperation

Indonesia's state-owned aircraft manufacturer, Dirgantara Indonesia (DI), and Brazilian aerospace company Embraer have signed a memorandum of understanding (MoU) to expand collaboration in the commercial aviation sector.

Southeast Asia - Mon, November 18, 2024 | 11:00 pm GMT+7