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
From national reunification to aspiration for an integrated development space
In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.
Economy - Thu, April 30, 2026 | 10:27 pm GMT+7
Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development
Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.
Companies - Thu, April 30, 2026 | 9:42 pm GMT+7
Vietnamese giants kick off 4 mega projects in HCMC
The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).
Economy - Thu, April 30, 2026 | 8:01 pm GMT+7
Vingroup starts work on $2.2 bln int'l university township in southern Vietnam
Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.
Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7
Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal
Lian SGP Holding Pte. Ltd., a Singapore-based entity wholly owned by China’s Livzon Pharmaceutical Group Inc., has acquired a controlling stake in Vietnam’s pharma giant Imexpharm (HoSE: IMP) following a public tender offer.
Companies - Thu, April 30, 2026 | 12:22 pm GMT+7
Sun Group partners with Keppel to drive green transition across tourist places
Vietnam’s leading real estate developer Sun Group has signed a strategic partnership with Keppel EaaS Vietnam, part of Singapore’s Keppel Ltd., to accelerate energy optimization and decarbonization across its tourism destinations.
Real Estate - Thu, April 30, 2026 | 10:42 am GMT+7
'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM
Pham Thanh Hung, widely known as “Shark Hung”, has stepped down from the board of directors at Century Real Estate JSC (Cen Land) - a major Vietnamese real estate brokerage, citing "personal plans".
Companies - Thu, April 30, 2026 | 10:32 am GMT+7
Japanese FDI in Vietnam: From manufacturing hub to strategic capital flows
Japanese investment in Vietnam is shifting away from a factory-led model toward a long-term ecosystem spanning manufacturing, energy, industrial parks, retail, and banking-financial services.
Economy - Thu, April 30, 2026 | 7:11 am GMT+7
Keppel files arbitration against partners in $1.2 bln southern Vietnam project
Singapore conglomerate Keppel Ltd. has initiated arbitration proceedings against three partners in a $1.2 billion residential and mixed-use urban project in Vietnam’s southern metropolis hub of Ho Chi Minh City.
Real Estate - Wed, April 29, 2026 | 9:54 pm GMT+7
Vietnam to secure 4 mln oil barrels from Japan's Idemitsu
Japanese petroleum giant Idemitsu Kosan will provide Vietnam with about four million barrels of crude oil procured through routes that do not transit the Strait of Hormuz, Nikkei reported on Monday.
Industries - Wed, April 29, 2026 | 4:04 pm GMT+7
Central Vietnam hub Danang approves land lease for $200 mln AI-ready data center project
The Danang People's Committee has approved a land lease to MCB Decenter Co. Ltd. for the AIDC Decenter data center project, covering 10,000 square meters at the Danang Hi-Tech Park in Lien Chieu ward.
Companies - Wed, April 29, 2026 | 3:45 pm GMT+7
Vietnam corporate bond flows concentrate among large corporations
Vietnam’s private corporate bond market has shown signs of recovery in the first four months of 2026, led by real estate issuers, though capital flows remain heavily concentrated among a handful of large corporations.
Finance - Wed, April 29, 2026 | 2:55 pm GMT+7
Previously invested projects will refill cash flow for Vietnam major builder CII’s next growth leg: CEO
Le Quoc Binh, CEO of Ho Chi Minh City Infrastructure Investment JSC (HoSE: CII), likened the company to a marathon runner that cannot keep running nonstop and at times must stop for “water,” recover strength and continue, with that “source of water” coming from property projects the company has already invested in.
Companies - Wed, April 29, 2026 | 1:22 pm GMT+7
Vietnam approves southern industrial hub Dong Nai as seventh centrally-governed city
The National Assembly, Vietnam's legislative body, has approved a resolution to establish Dong Nai as a centrally-governed city, making it the country’s seventh such municipality.
Economy - Wed, April 29, 2026 | 9:46 am GMT+7
Vietnam food giant Kido’s stock plunges to 6-year low amid profit warning, market pressure
KDC shares of Kido Group, a leading food company in Vietnam, on Tuesday fell sharply to its lowest level in six years, at around VND41,600 ($1.58) apiece, from roughly VND50,000 earlier this month.
Companies - Wed, April 29, 2026 | 8:17 am GMT+7
Central Vietnam province Gia Lai to have 600MW pumped storage hydropower plant
Gia Lai province is accelerating procedures to begin construction of the 600-megawatt Vinh Thanh pumped storage hydropower project, with a total investment of nearly VND11 trillion ($417.49 million).
Energy - Tue, April 28, 2026 | 10:07 pm GMT+7




















