Construction on HCMC airport third terminal commences
Construction of the third terminal at Ho Chi Minh City’s Tan Son Nhat International Airport began on Saturday.
The terminal was invested by the state-run Aviation Corporation of Vietnam (ACV) at the cost of nearly VND11,000 billion ($466.4 million).
Attending the launching ceremony, Prime Minister Pham Minh Chinh requested the investor to complete the project within 2024 and for the investment cost not to increase.
The terminal can receive 20 million passengers per year, raising Tan Son Nhat airport's total capacity to 50 million passengers.
In July, ACV announced the design inspired by the image of an ‘ao dai’ (Vietnamese traditional long dress), one of the country’s cultural symbols, had been selected for the third terminal.
It will have a soft curved roof stretching from the terminal to the garden at the center of the commercial-office complex, reminiscent of the flap of the ‘ao dai’.
Design of Terminal T3 inspired by the image of ‘Ao dai’. Photo courtesy of Airports Corporation of Vietnam (ACV).
The project comprising a 4-kilometer road connecting Tran Quoc Hoan and Cong Hoa streets at the cost of more than VND4,800 billion ($203.5 million) was also deployed on the same day.
This route is expected to be completed in August 2024, connecting with Tan Son Nhat's third terminal and reducing traffic congestion at the gateway to the international airport.
Under a plan until 2020, Tan Son Nhat airport has a capacity of 25 million passengers per year, but since 2017 has welcomed nearly 40 million passengers, causing frequent overload, especially during the Lunar New Year (Tet) holiday.
This year, the total number of visitors through Tan Son Nhat is estimated at more than 34 million.
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 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 investment.
Once complete by 2050, it will be able to handle 100 million passengers and five million tons of cargo a year.
- Read More
89% of Vietnam survey respondents consider life insurance 'highly important'
Vietnamese people are paying increasing attention to financial planning, family protection and preparation for long-term risks, with up to 89% of respondents viewing life insurance as “highly important in daily life”, according to the Insurance Association of Vietnam (IAV).
Companies - Thu, May 28, 2026 | 8:57 pm GMT+7
Vietnam's Pharmacity chain secures growth capital from LeapFrog to quicken expansion
Pharmacity, Vietnam’s leading modern retail pharmacy chain, has raised growth capital from private equity firm LeapFrog Investments to accelerate its expansion and deepen access to quality healthcare across Vietnam.
Companies - Thu, May 28, 2026 | 8:23 pm GMT+7
Thailand’s TCC Group eyes logistics, recycling in Vietnam
Party chief and President To Lam said he welcomed major Thai corporations, including TCC Group, to expand operations in Vietnam.
Industries - Thu, May 28, 2026 | 3:21 pm GMT+7
Deposit rates remain elevated: Where can savers get best returns?
Bank deposits are regaining appeal as an investment channel as deposit rates at some Vietnamese commercial banks have climbed to as high as 8-10% per year.
Banking - Thu, May 28, 2026 | 11:43 am GMT+7
F88 named among Vietnam’s top 3 workplaces in 2026: A people-first strategy in focus
F88 has been named among the Top 3 Best Workplaces in Vietnam 2026 in the large enterprise category, an accolade that reflects the company’s long-term focus on employee development and workplace culture built on trust, support and career growth.
Companies - Thu, May 28, 2026 | 10:54 am GMT+7
Taiwanese FDI into Vietnam: The shift of the value chain
Taiwanese investment in Vietnam is shifting from low-cost assembly toward higher-value sectors such as semiconductors, AI servers, networking equipment, and industrial robotics, positioning the country as a deeper link in the global technology supply chain.
Industries - Thu, May 28, 2026 | 8:47 am GMT+7
Why Vietnam chose a single nationwide textbook series for schools
Vietnam will adopt a single nationwide textbook series, “Ket noi tri thuc voi cuoc song” (Connecting knowledge with life), starting from the 2026-2027 academic year, as part of a broader education reform strategy aimed at standardizing teaching materials and eventually providing free textbooks to all students by 2030.
Companies - Wed, May 27, 2026 | 9:35 pm GMT+7
EVNGENCO3 completes 31% of 2026 power output target in first 4 months
EVNGENCO3 reported electricity output of 9.77 billion kilowatt-hours in the first four months of 2026, up 2.06% from a year earlier and equivalent to 30.67% of its full-year target, according to an investor report released by the company.
Companies - Wed, May 27, 2026 | 9:05 pm GMT+7
Former Vietnamese health minister sentenced to 6 years in prison over hospital project losses
Nguyen Thi Kim Tien, former Minister of Health, was sentenced to six years in prison on Tuesday and ordered to pay compensation of VND108 billion ($4 million) in a major corruption and wastefulness case linked to two large-scale hospital projects.
Society - Wed, May 27, 2026 | 5:51 pm GMT+7
Novatek explores LNG-to-power opportunities in Vietnam
Russian energy giant Novatek is seeking opportunities to engage in Vietnam’s LNG-to-power sector in line with the Southeast Asian country’s development strategy.
Energy - Wed, May 27, 2026 | 5:26 pm GMT+7
Petrovietnam opens bidding for offshore block in Cuu Long basin
State-owned Petrovietnam has launched bidding for Block 17 in the offshore Cuu Long basin as Vietnam accelerates efforts to secure new oil and gas resources amid declining output from aging fields.
Energy - Wed, May 27, 2026 | 4:19 pm GMT+7
How Thai capital deepens its roots in Vietnam’s economy
Leading Thai corporations are rapidly strengthening their footprint in Vietnam through large-scale investments in manufacturing, retail, energy, logistics, finance, and industrial real estate.
Investing - Wed, May 27, 2026 | 3:58 pm GMT+7
Building high-performing organizations through trust, empowerment and people-first leadership
As businesses navigate increasingly complex market conditions, the conversation around high performance is also evolving. Beyond speed and execution, organizations today are under growing pressure to remain agile, resilient, and people-centered at the same time.
Companies - Wed, May 27, 2026 | 3:38 pm GMT+7
Vietnam stocks to offer opportunities across sectors in H2
Vietnam’s stock market is expected to retain growth potential in the second half of 2026 despite mounting pressures from inflation, geopolitical tensions and increasingly cautious capital flows, according to market analysts.
Finance - Wed, May 27, 2026 | 3:12 pm GMT+7
Trung Nam Renewable Energy raises $73 mln in private bond issuance
Trung Nam Renewable Energy Corporation has successfully raised VND1.93 trillion ($73.28 million) through a private bond issuance with a four-year tenor and annual interest rate of 10.7%.
Companies - Wed, May 27, 2026 | 2:32 pm GMT+7
Vinhomes gold-for-property scheme sparks debate over liquidity boost and financial risks
A new program allowing homebuyers to exchange gold for real estate is drawing attention in Vietnam as developers seek to channel idle household gold holdings into the property market through a structure tied to gold valuation and guaranteed returns.
Real Estate - Wed, May 27, 2026 | 9:03 am GMT+7




















