Construction of HCMC airport's third terminal to begin in Q3

By Bach Quang
Sun, July 10, 2022 | 3:44 pm GMT+7
Planes at Tan Son Nhat International Airport in HCMC. Photo courtesy of Vietnam News Agency.

Planes at Tan Son Nhat International Airport in HCMC. Photo courtesy of Vietnam News Agency.

Prime Minister Pham Minh Chinh ordered the Ministry of Transport on Saturday to commence construction of the third terminal at Ho Chi Minh City’s Tan Son Nhat International Airport in the third quarter.

The project must be implemented with the highest speed and completed by September 2024 at the latest, the PM said at a meeting with relevant authorities on the airport's overload.

The third terminal (T3) project, with an investment capital of nearly VND11,000 billion ($471 million), received the government's in-principle approval two years ago. It is set to raise Tan Son Nhat’s annual capacity from 30 million passengers to 50 million, with the Airports Corporation of Vietnam (ACV) as investor.

The project, previously scheduled to start implementation at the end of last year, has stayed dormant because of land clearance problems.

The government has already asked HCMC to quickly implement related projects at Tan Son Nhat gateways this year to ease the congestion in the area and pave the way for synchronous connection with the T3 terminal.

Airport officials said that arrivals have increased sharply to approach the pre-pandemic peak of 2019. However, this surge has put great pressure on the country's biggest airport that has suffered overload for many years now.

Deputy Prime Minister Le Van Thanh had said in May that top priority must be given to opening Long Thanh International Airport by 2025 as a key national project in southern Vietnam.

The new airport, located in Dong Nai province about 40 kilometers to the east of HCMC, will help relieve overload at the Tan Son Nhat airport. It is designed to receive 25 million passengers and 1.2 million tons of cargo a year in its first phase. Roughly $5 billion is estimated for the first phase’s investment.

Once complete by 2050, it will be able to handle 100 million passengers and five million tons of cargo a year.

Comments (0)
  • Read More
FPT Retail to build 'healthcare ecosystem'

FPT Retail to build 'healthcare ecosystem'

FPT Digital Retail JSC, known as FPT Retail, intends to conduct a private placement, offering no more than 10% of its Long Chau pharmacy chain shares, in a bid to build up a healthcare ecosystem.

Companies - Thu, April 18, 2024 | 4:09 pm GMT+7

Vietnam urban trade centers see higher occupancy, rentals with foreign brands’ entry

Vietnam urban trade centers see higher occupancy, rentals with foreign brands’ entry

With the entry of foreign brands, shopping centers in Hanoi and Ho Chi Minh City witnessed a steady increase in rentals and occupancy rates in the year’s first quarter.

Real Estate - Thu, April 18, 2024 | 3:38 pm GMT+7

Vietnamese companies can elevate their brands by focusing on core values: RMIT experts

Vietnamese companies can elevate their brands by focusing on core values: RMIT experts

Branding through value addition is a strategic approach where brands enhance their perceived value by associating themselves with positive core values that resonate with their target audience. This can be achieved through various means, such as product/service quality, corporate social responsibility, and customer experience, to name a few, write RMIT experts.

Consulting - Thu, April 18, 2024 | 1:57 pm GMT+7

Korea’s Doosan interested in EVN’s Quang Trach 2 power project

Korea’s Doosan interested in EVN’s Quang Trach 2 power project

Doosan, a South Korean heavy industry conglomerate, is looking to work with state utility Vietnam Electricity (EVN) on the latter’s Quang Trach 2 power plant in Quang Binh province, among other renewable energy projects.

Energy - Thu, April 18, 2024 | 10:41 am GMT+7

Private lender LPBank approves name change, charter capital hike to $1.32 bln

Private lender LPBank approves name change, charter capital hike to $1.32 bln

Vietnamese private lender LPBank approved a name change from Lien Viet Post Joint Stock Commercial Bank to Loc Phat Vietnam Joint Stock Commercial Bank at its 2024 AGM on Wednesday.

Banking - Thu, April 18, 2024 | 10:34 am GMT+7

EV maker VinFast posts 270% revenue growth in Q1

EV maker VinFast posts 270% revenue growth in Q1

Vietnamese electric vehicle (EV) marker VinFast on Wednesday reported revenue growth of 269.7% year-on-year to $302.6 million in the first quarter of 2024.

Companies - Thu, April 18, 2024 | 9:29 am GMT+7

Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors buy $33 mln worth of industrial park developer Idico’s shares since early this year

Foreign investors have net bought IDC shares of Vietnam’s leading industrial park developer Idico to the tune of VND846.9 billion ($33.3 million) since the beginning of this year, according to Vietcap Securities.

Companies - Thu, April 18, 2024 | 8:00 am GMT+7

Apple eyes manufacturing in Indonesia: CEO Cook

Apple eyes manufacturing in Indonesia: CEO Cook

Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia, following a meeting with the Southeast Asian country’s President Joko Widodo on Wednesday.

Southeast Asia - Thu, April 18, 2024 | 7:12 am GMT+7

Vietnam industrial property rentals set to rise 7-9% a year

Vietnam industrial property rentals set to rise 7-9% a year

Industrial real estate rentals can increase 7-9% per year in the coming years given continued robust inflows of foreign investment and limited new supply, according to property services firm CBRE.

Industrial real estate - Thu, April 18, 2024 | 7:00 am GMT+7

No major changes to Singapore's new cabinet: Deputy PM Wong

No major changes to Singapore's new cabinet: Deputy PM Wong

Singapore's Deputy Prime Minister Lawrence Wong, who will become the country's fourth prime minister, said on Tuesday that Prime Minister Lee Hsien Loong will take on the role of senior minister in the new cabinet, which is not likely to have major changes.

Southeast Asia - Wed, April 17, 2024 | 7:19 pm GMT+7

Bangkok markets join food waste reduction drive

Bangkok markets join food waste reduction drive

Nearly 200 fresh markets in Bangkok have joined a Bangkok Metropolitan Administration (BMA) campaign to classify food scraps from other waste, which helps reduce carbon emissions by about 142.5 tonnes per day.

Southeast Asia - Wed, April 17, 2024 | 7:18 pm GMT+7

ASEAN-Korea Centre appoints new secretary-general

ASEAN-Korea Centre appoints new secretary-general

The ASEAN-Korea Centre has appointed former Ambassador of South Korea to the Philippines Kim Jae-shin as its new Secretary-General, it announced on Tuesday.

Southeast Asia - Wed, April 17, 2024 | 7:15 pm GMT+7

Vietnam, Australia to work on developing competitive electricity markets

Vietnam, Australia to work on developing competitive electricity markets

Developing competitive electricity markets in the context of high renewables integration will the focus of a collaboration agreement between the Electricity Regulatory Authority of Vietnam (ERAV) and the Australian embassy.

Economy - Wed, April 17, 2024 | 5:33 pm GMT+7

Vietnam, Japan firms to build $1 bln urban area in Binh Duong province

Vietnam, Japan firms to build $1 bln urban area in Binh Duong province

Kim Oanh Group, a local real estate developer, and four Japanese partners will jointly develop the $1-billion The One World urban area in Vietnam’s southern province of Binh Duong.

Real Estate - Wed, April 17, 2024 | 5:23 pm GMT+7

Kazakhstan’s Kusto, Vietnam builder Coteccons team up for $200 mln investment

Kazakhstan’s Kusto, Vietnam builder Coteccons team up for $200 mln investment

Kazakhstan-headquartered multi-sector firm Kusto Group has entered into a partnership with Vietnamese builder Coteccons to invest up to $200 million in Vietnam.

Companies - Wed, April 17, 2024 | 5:03 pm GMT+7

Foreign units prioritize purchases of Vietnamese rice, coffee: association

Foreign units prioritize purchases of Vietnamese rice, coffee: association

Vietnam is one of the world's major producers of rice and coffee, and international partners are prioritizing the procurement of Vietnamese products, according to Ly Kim Chi, chairman of the Food and Foodstuff Association of Ho Chi Minh City.

Companies - Wed, April 17, 2024 | 4:37 pm GMT+7