Long Thanh airport must operate by 2025: Deputy PM

By Bao Long
Thu, May 19, 2022 | 11:07 am GMT+7

Top priority must be given to opening Long Thanh International Airport as a key national project in southern Vietnam by 2025, Deputy Prime Minister Le Van Thanh requested.

An artist’s conception of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of Airports Corporation of Vietnam.

An artist’s conception of Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of Airports Corporation of Vietnam.

The country’s top leaders have made resolutions on this target for the project in Dong Nai province, with roughly $5 billion estimated for the first phase’s investment.

June 30, 2022 is the deadline for site clearance completion, Thanh stated in a release on Wednesday. His conclusions also included a target of starting work on a runway and one passenger terminal in the fourth quarter of this year.

An artist's impression of a Long Thanh International Airport passenger terminal. Photo courtesy of Airports Corporation of Vietnam.

An artist's impression of a Long Thanh International Airport passenger terminal. Photo courtesy of Airports Corporation of Vietnam.

Prime Minister Pham Minh Chinh, during his working visit to the project on February 6, 2022, requested higher determination and stronger performance from relevant ministries, sectors, and agencies in the construction of the major airport.

Long Thanh airport, about 40 kilometers to the east of HCMC, will help relieve overload at the southern economic hub’s Tan Son Nhat International Airport. It is designed to receive 25 million passengers and 1.2 million tons of cargo each year in the first phase.

The whole project will cover more than 5,580 hectares across up to six communes in Long Thanh district. Once fully completed by 2050, it would be able to handle 100 million passengers and five million tons of cargo annually.

Comments (0)
  • Read More
With no clean land, $169 mln central Vietnam project faces termination

With no clean land, $169 mln central Vietnam project faces termination

Binh Dinh province has granted in-principle approval for the termination of a VND4.3 trillion ($169 million) wooden board manufacturing project by Kim Thanh Lap Forestry JSC, citing lack of clean land to implement it.

Industries - Sun, April 21, 2024 | 2:55 pm GMT+7

Techcombank plans 10% stake issue to foreign strategic investors

Techcombank plans 10% stake issue to foreign strategic investors

Major Vietnamese private lender Techcombank plans to issue a 10% stake to overseas strategic investors, given its current self-capped foreign ownership of 22%, said chairman Ho Hung Anh.

Companies - Sun, April 21, 2024 | 10:47 am GMT+7

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi low-cost apartment supply down 47% yearly since 2020: Savills

Hanoi’s supply of budget apartments priced below VND30 million ($1,179) per square meter has dropped 47% every year since 2020, according to real estate service firm Savills Vietnam.

Real Estate - Sun, April 21, 2024 | 9:40 am GMT+7

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam sees dramatic increase in fruit, vegetable exports to South Korea, Thailand

Vietnam saw high export growth in fruits and vegetables to all major markets in Q1/2024, but the intake by South Korea and Thailand was sudden and dramatic, a report says.

Economy - Sun, April 21, 2024 | 8:15 am GMT+7

Key points and market implications of Vietnam’s new Real Estate Business Law

Key points and market implications of Vietnam’s new Real Estate Business Law

The National Assembly on November 28, 2023 passed the Law on Real Estate Business 2023 (LREB 2023), which will take effect on January 1, 2025. CBRE researchers gave an insight into new points.

Consulting - Sun, April 21, 2024 | 6:58 am GMT+7

AHK Vietnam has new chief

AHK Vietnam has new chief

Peter Kompalla has been appointed chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam) since April 1.

Companies - Sun, April 21, 2024 | 5:33 am GMT+7

Vietnam booth makes Milan Design Week debut

Vietnam booth makes Milan Design Week debut

Italy’s Milan Design Week has featured a Vietnam Pavilion for the very first time, presenting unique wooden furniture and handicraft products from 35 Vietnamese businesses.

Economy - Sat, April 20, 2024 | 11:46 pm GMT+7

Tiny green market with big heart: HCMC meets demand for healthy food

Tiny green market with big heart: HCMC meets demand for healthy food

Indigenous, local specialties produced by innovative startups are among thousands of quality products on display at the "Phien cho xanh tu te” (Kind Green Market) held this weekend in Ho Chi Minh City.

Economy - Sat, April 20, 2024 | 7:20 pm GMT+7

Vietnam central bank pumps cash to save troubled lender SCB

Vietnam central bank pumps cash to save troubled lender SCB

Vietnam’s central bank has pumped in money to support Saigon Commercial Bank (SCB), which experienced a run triggered by the arrest of real estate tycoon Truong My Lan in October 2022.

Banking - Sat, April 20, 2024 | 5:15 pm GMT+7

Lending picks up at Vietnam banks with 1.34% Q1 growth

Lending picks up at Vietnam banks with 1.34% Q1 growth

Credit growth in the Vietnamese banking system accelerated in the final days of last month to reach 1.34% as of March 29 from end-2023.

Banking - Sat, April 20, 2024 | 3:30 pm GMT+7

Wave of 'huge' investments to flood central Vietnam province Binh Dinh: official

Wave of 'huge' investments to flood central Vietnam province Binh Dinh: official

Investors are considering pouring cash into the south-central province of Binh Dinh, including foreign giants, said standing Vice Chairman of the province, Nguyen Tuan Thanh.

Investing - Sat, April 20, 2024 | 2:01 pm GMT+7

Thailand’s EV sales forecast to miss target

Thailand’s EV sales forecast to miss target

Electric vehicle (EV) sales in Thailand may fail to reach the estimate of 130,000 units this year as prices are likely to keep changing, according to Hyundai Mobility Thailand.

Southeast Asia - Sat, April 20, 2024 | 11:48 am GMT+7

Indonesia develops sustainable tourism

Indonesia develops sustainable tourism

Indonesia has been working to realize its goal of building a quality, sustainable and environmentally friendly tourism industry.

Southeast Asia - Sat, April 20, 2024 | 11:45 am GMT+7

ASEAN foreign ministers call for end to Myanmar violence

ASEAN foreign ministers call for end to Myanmar violence

ASEAN foreign ministers on Friday issued a statement calling on all parties to immediately cease violence and exercise maximum restraint in the border areas of Myanmar.

Southeast Asia - Sat, April 20, 2024 | 11:40 am GMT+7

Food security, climate change top ASEAN agenda during Malaysia’s chairmanship

Food security, climate change top ASEAN agenda during Malaysia’s chairmanship

Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on Friday.

Southeast Asia - Sat, April 20, 2024 | 11:39 am GMT+7

Thailand gives financial support to Laos for road maintenance

Thailand gives financial support to Laos for road maintenance

The Thai cabinet has approved THB1.8 billion (about $48.8 million) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in the central province of Quang Binh.

Southeast Asia - Sat, April 20, 2024 | 11:36 am GMT+7