Long Thanh airport must operate first flight in September 2025: ministry

By Tri Duc
Tue, September 13, 2022 | 3:41 pm GMT+7

The Airports Corporation of Vietnam (ACV) is set to operate the first flight at Long Thanh airport on Sept. 2, 2025, National Day, according to the Ministry of Transport.

The ministry made the request after Deputy Minister Le Anh Tuan had checked up on the progress of the project's first phase last week.

An illustration of Long Thanh International Airport. Photo courtesy of ACV.

An illustration of Long Thanh International Airport. Photo courtesy of ACV.

The ministry noted that the first phase of the project has yet to meet the requirements and asked relevant sides, including the ACV, registered on the unlisted public company market UPCoM as ACV, and the Civil Aviation Authority of Vietnam (CAAV) to cooperate in receiving land for the project.

As of early September, Dong Nai province has retrieved 4,703 out of 4,946 hectares of land for the project, or 95.08%. The southern province has delivered 2,400 out of 2,532 hectares for the first phase of the project, or 95.6%. Local authorities will strive to appropriate the remaining land this month.

The Long Thanh airport, which is about 40 kilometers to the east of Ho Chi Minh City, has an annual designed capacity of 25 million passengers and 1.2 million tons of cargo in the first phase.

The airport, which is set to become the biggest in Vietnam, aims to reduce the overload at HCMC-based Tan Son Nhat International Airport. The investment for the first phase is VND109,000 billion ($4.63 billion).

Upon full completion in 2050, the 5,580-hectare airport will serve 100 million passengers and handle five million tons of cargo yearly.

Twenty two civil airports in Vietnam, with a total capacity of 90 million passengers a year, have already been overloaded. In 2019, prior to the Covid-19 pandemic, those airports served 116.5 million passengers and handled 1.53 million tons of cargo.

With an estimated growth of 7.5%-8.5% in passengers yearly in 2020-2030, airports in Vietnam are expected to serve 276 million in 2030.

At a meeting on Monday, Deputy Prime Minister Le Van Thanh asked localities to soon select investors this year to kick off the construction of some new airports in 2023.

The projects include Sa Pa airport in Lao Cai province, Quang Tri airport in Quang Tri province, Lai Chau airport in Lai Chau province, and Phan Thiet airport in Binh Thuan province.

Thanh also asked relevant authorities to boost the autonomy of localities in attracting investment for airports, especially from the private sector.

Comments (0)
  • Read More
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

Australia, Vietnam partner in developing competitive electricity markets

Australia, Vietnam partner in developing competitive electricity markets

The Australian embassy in Vietnam and the Electricity Regulatory Authority of Vietnam (ERAV) signed a memorandum of understanding (MoU) Wednesday on collaboration to facilitate the development of competitive electricity markets.

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

Firms of Vietnam, Japan join hands to build $1 bln urban area in Binh Duong province

Firms of Vietnam, Japan join hands 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

Vietnam added to Emerging Market and Middle-Income Economies group: IMF

Vietnam added to Emerging Market and Middle-Income Economies group: IMF

Vietnam has been removed from the Low-Income Developing Countries (LIDCs) group and added to the Emerging Market and Middle-Income Economies (EMMIEs) group, the IMF said.

Economy - Wed, April 17, 2024 | 4:05 pm GMT+7

Jewelry major PNJ targets 6% after-tax profit growth

Jewelry major PNJ targets 6% after-tax profit growth

Vietnam’s Phu Nhuan Jewelry JSC has targeted VND2.09 trillion ($82.33 million) in after-tax profit this year, up 6% from 2023, setting a new record for the firm.

Companies - Wed, April 17, 2024 | 3:55 pm GMT+7

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

Petrovietnam Gas aims to supply $2 bln LNG power plant in northern Vietnam

PV Gas, a subsidiary of state-owned Petrovietnam, aims to supply LNG to the $2-billion Thai Binh LNG-to-power plant project in the northern province of Thai Binh, the firm told provincial authorities on Tuesday.

Energy - Wed, April 17, 2024 | 3:17 pm GMT+7

Vietnam needs to build more highways: logistics firm exec

Vietnam needs to build more highways: logistics firm exec

Vietnam's logistics industry has made remarkable progress, but logistics costs in the country are still higher than the world average, increasing business expenses and reducing competitiveness. Alexander Olsen, CEO of ITL Freight Management & VP Group Commercial of ITL Corporation, talks with The Investor about the industry landscape and how ITL reduces costs and makes a difference.

Executive Talk - Wed, April 17, 2024 | 2:36 pm GMT+7

LG Display posts $115 mln net income in Vietnam in 2023

LG Display posts $115 mln net income in Vietnam in 2023

LG Display Vietnam Haiphong Company, under LG Display - a subsidiary of South Korean chaebol LG, posted a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023.

Companies - Wed, April 17, 2024 | 2:05 pm GMT+7

Localities review projects related to troubled contractor Thuan An Group

Localities review projects related to troubled contractor Thuan An Group

The people's committees of Quang Nam, Phu Yen, and Dak Lak provinces have ordered a review of investment projects in their localities related to troubled infrastructure builder Thuan An Group JSC.

Economy - Wed, April 17, 2024 | 11:07 am GMT+7

Renewable power could be purchased directly, not via EVN: draft decree

Renewable power could be purchased directly, not via EVN: draft decree

Manufacturing enterprises should be able to buy electricity directly from renewable energy plants with or without going through state utility Vietnam Electricity (EVN), proposed the Ministry of Industry and Trade in a draft decree regarding the direct power purchase agreement (DPPA).

Energy - Wed, April 17, 2024 | 10:15 am GMT+7

Former UK premier Blair pledges to drive chip, AI investments to Vietnam

Former UK premier Blair pledges to drive chip, AI investments to Vietnam

Former UK Prime Minister Tony Blair has promised to help Vietnam attract investments into industries such as chip design and artificial intelligence (AI) applications.

Economy - Wed, April 17, 2024 | 10:05 am GMT+7

Discrepancies between preliminary, audited financial reports remain thorny

Discrepancies between preliminary, audited financial reports remain thorny

A disparity between preliminary reports issued by many Vietnamese businesses and their audited financial statements has persisted on the stock market for years, leading to distorted stock prices and adversely affecting investors’ interests.

Finance - Wed, April 17, 2024 | 8:19 am GMT+7