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
Coteccons dismisses concerns over executive departure, competition from Vingroup's arm

Coteccons dismisses concerns over executive departure, competition from Vingroup's arm

Vietnam's leading contractor Coteccons (HoSE: CTD) said a recent change in senior management was unrelated to the company's share price performance, as executives highlighted record order backlog and accelerating earnings growth amid a recovery in Vietnam's construction industry.

Companies - Tue, June 16, 2026 | 5:26 pm GMT+7

VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens

VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens

Vietnam’s leading investment management firm VinaCapital has listed two strategic exchange-traded funds (ETFs) on the Ho Chi Minh City Stock Exchange, expanding investment options for investors seeking targeted exposure to Vietnam's long-term economic growth themes.

Finance - Tue, June 16, 2026 | 4:39 pm GMT+7

Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO

Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO

Vietnam is well positioned to play a significant role in the offshore wind power supply chain thanks to its established manufacturing base and expertise developed through its oil & gas industry and existing wind power projects, according to Ben Backwell, CEO of the Global Wind Energy Council (GWEC).

Energy - Tue, June 16, 2026 | 4:31 pm GMT+7

Vietnam banking, retail, oil stocks well placed for market recovery: brokerages

Vietnam banking, retail, oil stocks well placed for market recovery: brokerages

Vietnamese banking, retail and oil-gas stocks are among the sectors best positioned to benefit from a potential market recovery after months of pressure from geopolitical tensions and macroeconomic headwinds, according to local brokerages.

Finance - Tue, June 16, 2026 | 1:04 pm GMT+7

Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies

Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies

State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.

Companies - Tue, June 16, 2026 | 12:20 pm GMT+7

Over 38% of Vietnamese businesses still face informal costs despite reforms: survey

Over 38% of Vietnamese businesses still face informal costs despite reforms: survey

More than 38% of businesses in Vietnam still pay informal charges, highlighting persistent gaps between regulatory reforms and their implementation, according to a survey by the Vietnam Chamber of Commerce and Industry (VCCI).

Economy - Tue, June 16, 2026 | 11:26 am GMT+7

China ready to expand railway, power connectivity with Vietnam: PM

China ready to expand railway, power connectivity with Vietnam: PM

China is prepared to strengthen railway cooperation and enhance power grid connectivity with Vietnam, thereby expanding logistics corridors, trade links, and energy cooperation, said Chinese Premier Li Qiang during a phone talk with his Vietnamese counterpart Le Minh Hung on Monday.

Economy - Tue, June 16, 2026 | 8:52 am GMT+7

VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment

Vietnam's benchmark VN-Index edged closer to the 1,800-point threshold on Monday as improving sentiment over easing tensions in the Middle East boosted risk appetite, driving gains in brokerage stocks while oil and Vingroup-related stocks weighed on the market.

Finance - Mon, June 15, 2026 | 8:34 pm GMT+7

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules

Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.

Economy - Mon, June 15, 2026 | 6:48 pm GMT+7

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

Companies - Mon, June 15, 2026 | 4:52 pm GMT+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GMT+7

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7