Contractor for HCMC airport’s new terminal set to be named this month
The main contractor for the new T3 terminal at the Tan Son Nhat International Airport in Ho Chi Minh City will be named this month, the Ministry of Transport said Thursday.
It said that the state-owned Airports Corporation of Vietnam (ACV) was evaluating financial plans and would sign a deal with the main contractor for the T3 construction package this month.
The ministry conveyed this information to Prime Minister Pham Minh Chinh as he presided over a review meeting on key national traffic projects.
An artist’s impression of T3 terminal at Tan Son Nhat International Airport in Ho Chi Minh City. Photo courtesy of Airports Corporation of Vietnam.
The Tan Son Nhat International Airport and Noi Bai International Airport in Hanoi are Vietnam’s busiest airports.
The Long Thanh International Airport, which is under construction in Dong Nai province bordering HCMC, will become the biggest one when it is complete, reducing the current overload at Tan Son Nhat.
An artist’s impression of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of Airports Corporation of Vietnam.
ACV has affirmed that bidding for the construction package for Long Thanh airport’s first terminal was conducted according to regulations.
The bidding, which resulted in consortium Vietur identified as the only one that met all technical qualifications and therefore qualified to bid in upcoming rounds, was evaluated fairly by experts and independent entities, ACV said in response to a recent complaint by Hoa Lu consortium, one of the two disqualified bidders.
The Hoa Lu consortium had petitioned Vietnamese authorities last week, claiming that Vietur had violated bidding rules and was not qualified for this package.
ACV said that the financial proposal made by Vietur, a consortium of 10 companies led by Turkey’s IC Holdings, was being evaluated and the result will be announced on August 22.
Among the nine Vietnamese companies in the consortium are Ricons, Newtecons and Sol E&C.
The Long Thanh International Airport is a mega project with a total investment of VND336.63 trillion ($14.12 billion) divided into three phases. The first phase, worth VND110 trillion, will consist of a runway, terminal and auxiliary facilities that can serve 25 million passengers per year. The project kicked off in 2021 and is expected to open in 2025.
The terminal is the largest package of the first phase, with an investment of VND35.23 trillion ($1.49 billion). It is expected to be completed in 33 months.
PM Chinh has ordered that work on the terminal must start in August.
- Related News
- Read More
Vietnam holds potential to become Czech carmaker Skoda's manufacturing hub in ASEAN: exec
Vietnam boasts great potential to become an auto export and manufacturing hub of the Czech Republic’s Skoda Auto in ASEAN and other markets, said its chairman Klaus Zellmer.
Industries - Sun, January 19, 2025 | 11:30 pm GMT+7
Vietnam PM calls on Czech giant Sev.en Global to expand investment into wind, solar power
The Czech Republic’s Sev.en Global Investments, given its strengths, should expand investment in Vietnam into areas like wind and solar power, culture and sports, and football, said Prime Minister Pham Minh Chinh.
Industries - Sun, January 19, 2025 | 10:59 pm GMT+7
Northern Vietnam port operator posts record revenue, profit in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reported total throughput of nearly 40 million tons in 2024, with revenue reaching nearly VND3 trillion ($118.44 million) and pre-tax profit estimated at VND1.16 trillion ($45.8 million).
Companies - Sun, January 19, 2025 | 4:07 pm GMT+7
Vietnam's new regulations in energy, mineral and construction sectors
The Vietnamese government recently introduced the amended PDP8 implementation plan, the tariff for rooftop solar energy in 2025, new rules on management of construction activities, and the new Law on Geology and Minerals. Vilaf law firm provides analyses on these newly-promulgated regulations.
Consulting - Sun, January 19, 2025 | 1:38 pm GMT+7
Indonesia prepared for impacts of US trade policies
Indonesian Minister of Trade Budi Santoso has affirmed his country's readiness to address potential impacts of a trade war between the U.S. and China when Donald Trump assumes the presidency.
Southeast Asia - Sun, January 19, 2025 | 12:34 pm GMT+7
Japan's Itochu acquires 20% stake in Thai non-life insurance company
Japanese trading firm Itochu is set to purchase a 20% stake in Thailand's non-life insurer Thaivivat Insurance, a deal that highlights the global investor’s interest in the Southeast Asian country’s growing insurance market.
Southeast Asia - Sun, January 19, 2025 | 12:29 pm GMT+7
Laos-based 600 MW Monsoon wind power to export energy to Vietnam soon
The 600 MW Monsoon wind power project in Laos is reaching final phases of construction and will soon export electricity to Vietnam, investor Monsoon Wind Power reported.
Energy - Sun, January 19, 2025 | 9:51 am GMT+7
Japan-invested port terminal operator in northern Vietnam achieves record throughput in 2024
Tan Cang Hai Phong International Container Terminal Company Limited (TC-HICT) has announced a record container handling volume of over 1.6 million TEUs in 2024, up 26% year-on-year.
Companies - Sun, January 19, 2025 | 8:00 am GMT+7
China's Exquisite Power launches $20 mln battery factory in Vietnam
China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.
Industries - Sat, January 18, 2025 | 10:46 pm GMT+7
Central Vietnam city licenses 3 FDI projects worth $190 mln
Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.
Industries - Sat, January 18, 2025 | 10:35 pm GMT+7
Thailand to launch new carbon credits market
Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.
Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7
Malaysia defines two priorities to ensure food security
Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.
Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7
Foxconn doubles investment in central Vietnam province to $200 mln
Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.
Industries - Sat, January 18, 2025 | 4:07 pm GMT+7
WB revises up Vietnam’s 2025 GDP growth forecast to 6.6%
Vietnam’s GDP growth can reach 6.6% in 2025, the World Bank said in the newly-released January edition of its “Global Economic Prospects” report.
Economy - Sat, January 18, 2025 | 10:36 am GMT+7
Poland’s leading pharma group Adamed keen to expand in Vietnam: exec
Adamed Pharma, a leading pharmaceutical and biotechnology group in Poland, plans to expand its investment in Vietnam, said Malgorzata Adamkiewicz, president of the company’s supervisory board.
Industries - Sat, January 18, 2025 | 10:16 am GMT+7
PM calls on Polish companies to expand investments in Vietnam
Vietnamese Prime Minister Pham Minh Chinh has asked Polish companies to increase their investments in Vietnam, capitalizing on the EU-Vietnam Free Trade Agreement (EVFTA).
Economy - Sat, January 18, 2025 | 10:07 am GMT+7
