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
Vietnam enjoys robust recovery amidst global challenges
The Vietnamese economy is demonstrating remarkable recovery amidst global turbulence, earning positive endorsements from major international organizations like the IMF, OECD, World Economic Forum (WEF), and UOB bank.
Economy - Mon, June 30, 2025 | 10:46 pm GMT+7
Gaming industry eyes over $430 mln revenue this year
Games published by Vietnamese studios generated around $315 million in revenue in 2024, according to GameGeek, a platform connecting Vietnam’s gaming ecosystem.
Companies - Mon, June 30, 2025 | 10:25 pm GMT+7
Vietnam's leading industrial park developer Becamex to issue bonds worth $95.7 mln
Leading industrial park developer Becamex IDC (HoSE: BCM) has announced a resolution to issue VND2,500 billion ($95.7 million) worth of private placement bonds between June and November 2025.
Finance - Mon, June 30, 2025 | 10:13 pm GMT+7
European firms in Vietnam are showing 'remarkable resilience': EuroCham
The Q2/2025 Business Confidence Index (BCI) released by EuroCham on Monday shows an evolving but still resilient outlook among European businesses operating in Vietnam. Below is the chamber's analysis of the implications of the BCI.
Economy - Mon, June 30, 2025 | 6:44 pm GMT+7
No longer optional: Fire insurance compulsory starting July 1
Apartment buildings and residential complexes with five floors or more, or a total floor area of at least 1,000 square meters, are required to purchase special risk and fire insurance under a government resolution set to take effect on Tuesday.
Companies - Mon, June 30, 2025 | 4:35 pm GMT+7
Vietnam Deputy PM requests measures to upgrade stock market status
Vietnam’s Deputy Prime Minister Ho Duc Phoc on Saturday tasked the Ministry of Finance with deploying necessary solutions to meet international criteria for upgrading the country’s stock market status.
Economy - Mon, June 30, 2025 | 3:24 pm GMT+7
Vietnamese lender MB fully embraces digitalization to redefine banking
By completely overhauling its recruitment approach and breaking traditional boundaries, Vietnam's leading creditor MB is redefining banking through an intelligent data-driven platform.
Companies - Mon, June 30, 2025 | 3:02 pm GMT+7
Party chief To Lam attends ceremony establishing new Ho Chi Minh City
Vietnam's Party chief To Lam on Monday morning attended a ceremony to announce the formation of the new Ho Chi Minh City, following its historic merger with Ba Ria-Vung Tau and Binh Duong provinces.
Politics - Mon, June 30, 2025 | 2:25 pm GMT+7
Vietnam’s 'legendary' instant noodle Miliket sees market share drop to 2% from 20% before 2006
The iconic “two-shrimp” noodle brand, which once held a 20% share of Vietnam’s instant noodle market, now accounts for just 2%.
Companies - Mon, June 30, 2025 | 12:15 pm GMT+7
Japan's JBIC pledges financing for green transition projects in Vietnam
The Japan Bank for International Cooperation (JBIC) stands ready to provide financing for Japanese companies to carry out green transition projects in Vietnam within the Asia Zero Emission Community (AZEC) framework.
Economy - Mon, June 30, 2025 | 11:46 am GMT+7
Billion-dollar projects by Vietnam’s leading property developer Novaland see legal hurdles cleared
Since mid-June, Vietnam’s leading property developer Novaland (NVL) has secured crucial legal approvals for two billion-dollar developments - Aqua City in the south and NovaWorld Phan Thiet in the central region.
Companies - Mon, June 30, 2025 | 8:58 am GMT+7
VinFast inaugurates its second electric vehicle factory in Vietnam
VinFast, a Vietnamese EV manufacturing startup, on Sunday inaugurated a factory in Ha Tinh province's Vung Ang Economic Zone, its second in Vietnam after the one in Hai Phong city.
Industries - Sun, June 29, 2025 | 5:16 pm GMT+7
KBC to double down on mega golf course project in northern Vietnam
KinhBac City Development Holding Corporation (KBC), a leading industrial real estate developer in Vietnam, will forgo dividend payouts this year to retain capital for ongoing projects, including a 990.43-hectare property development in the northern province of Hung Yen.
Companies - Sun, June 29, 2025 | 1:30 pm GMT+7
Unit of Vietnam’s first LNG power complex connects to national grid
The Nhon Trach 4 power plant, one of two units in Vietnam’s first liquefied natural gas (LNG)-fueled power complex, officially connected to the national grid on Friday with an initial capacity of 50 MW.
Energy - Sun, June 29, 2025 | 10:00 am GMT+7
'Blockbuster' deals expected to boost Vietnam's stock market
Initial public offerings (IPOs), new listings, and bourse transfers are expected to become key drivers for the Vietnamese stock market in the coming time.
Finance - Sun, June 29, 2025 | 9:02 am GMT+7
Singapore-based Dale Investment acquires 73% stake in Vietnam’s Tam Tri hospital chain
Singapore-based investment fund Dale Investment Holdings has acquired a 73.15% stake in Vietnam’s private hospital chain Tam Tri Medical, according to a recent corporate registration update.
Companies - Sat, June 28, 2025 | 11:12 pm GMT+7