Construction kicks off at mega Long Thanh airport
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.
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.
- Read More
Mining, steel, construction firms set to capitalize on Vietnam's nuclear power development
The mining sector is expected to benefit significantly from the development of the Ninh Thuan nuclear power plants in Vietnam, said Nguyen The Minh, head of research at broker Yuanta Securities Vietnam.
Industries - Thu, February 20, 2025 | 3:28 pm GMT+7
$1.9 bln LNG power project in northern Vietnam calls for mine clearance bids
The $1.9 billion Quang Ninh LNG power plant, the first such facility in northern Vietnam, is inviting bids for the mines and explosives clearance package.
Energy - Thu, February 20, 2025 | 2:20 pm GMT+7
Steel maker Hoa Sen to pour $90 mln into central Vietnam factory expansion
Hoa Sen Nhon Hoi-Binh Dinh One Member LLC, a subsidiary of Hoa Sen Group, will invest over VND2.3 trillion (over $90 million) to expand its steel plant in the south-central province of Binh Dinh.
Industries - Thu, February 20, 2025 | 11:48 am GMT+7
Samsung’s profit falls in Vietnam, doubles globally in 2024
Samsung Electronics recorded a profit of $25.3 billion in 2024, up 122% year-on-year, but the total profit of its four major factories in Vietnam fell 11.4% to $3.2 billion.
Companies - Thu, February 20, 2025 | 10:23 am GMT+7
Serviced apartments see strong growth in Hanoi, face challenges in HCMC
The serviced apartment market in Hanoi experienced significant growth in 2024, driven by strong foreign direct investment (FDI) flows, while it faced challenges from declining FDI and increasing competition in Ho Chi Minh City.
Real Estate - Thu, February 20, 2025 | 8:15 am GMT+7
Swedish textile firm Syre eyes $1 bln fiber factory in central Vietnam
Sweden’s textile company Syre wishes to invest in a polyester fiber recycling factory in the south-central province of Binh Dinh, with an estimated investment ranging from $700 million to over $1 billion.
Industries - Wed, February 19, 2025 | 9:50 pm GMT+7
Thailand urges central bank to boost economy
Thai Prime Minister Paetongtarn Shinawatra has called on the Bank of Thailand to lower interest rates in a bid to ease financial pressures on the public.
Southeast Asia - Wed, February 19, 2025 | 9:40 pm GMT+7
Singapore’s gold export to US increases sharply
Gold shipments from Singapore to the U.S. in January climbed to the highest level in almost three years.
Southeast Asia - Wed, February 19, 2025 | 9:24 pm GMT+7
France wants to cooperate, share experiences with Vietnam in nuclear power
France wants to cooperate and share experiences with Vietnam in nuclear power, said French Ambassador to Vietnam Olivier Brochet at a recent meeting with state utility Vietnam Electricity (EVN).
Energy - Wed, February 19, 2025 | 5:20 pm GMT+7
Japan’s Sumitomo plans 2nd industrial park in northern Vietnam province
Japanese keiretsu Sumitomo is keen to build its second industrial park in Vietnam’s northern province of Vinh Phuc, a representative told local authorities Tuesday.
Industrial real estate - Wed, February 19, 2025 | 3:47 pm GMT+7
Vietnam's 2025 GDP growth target lifted to 'at least 8%'
The National Assembly, Vietnam's legislature, on Wednesday set the 2025 economic expansion target at "8% or more" upon a government proposal, up from the 6.5-7% approved in November last year.
Economy - Wed, February 19, 2025 | 2:46 pm GMT+7
Northern Vietnam province urges VSIP to build 663 hectare high-tech park in 2025
Ha Nam province authorities has urged VSIP, the developer of Vietnam-Singapore Industrial Park (VSIP) facilities, to begin building a high-tech park in the northern province by end-2025.
Industrial real estate - Wed, February 19, 2025 | 1:45 pm GMT+7
Central Vietnam city launches first industrial park project in 22 years
Vietnam’s central coastal city of Danang has broken ground on its first industrial park in 22 years, marking significant progress in its industrial development strategy.
Industrial real estate - Wed, February 19, 2025 | 12:21 pm GMT+7
Northern Vietnam province to complete site clearance for $2 bln LNG power plant in May
Vietnam’s northern province of Thai Binh seeks to complete the site clearance for its $2 billion LNG Thai Binh power plant project in May, provincial authorities said Tuesday.
Energy - Wed, February 19, 2025 | 11:18 am GMT+7
Can Gio port added to Vietnam's seaport development plan
The Can Gio international transshipment port project in Ho Chi Minh City has taken a significant step forward with its official inclusion in Vietnam’s seaport development plan.
Southeast Asia - Wed, February 19, 2025 | 9:29 am GMT+7
Vietnam's Tan Cang-Cai Mep International Terminal receives first vessel from Premier Alliance
Tan Cang-Cai Mep International Terminal (TCIT) in the southern Vietnam province of Ba Ria-Vung Tau has welcomed the first vessel from EC3 of the Premier Alliance, announced Truong Tan Loc, chairman of TCIT on Tuesday.
Southeast Asia - Wed, February 19, 2025 | 9:26 am GMT+7