S Korean architect firm to supervise terminal construction at Long Thanh airport
South Korea's Heerim Architects & Planners has signed a “construction-phase supervision and advisory contract” for the passenger terminal being built at the Long Thanh International Airport in southern Vietnam.
A Monday report of the Korea Economic Daily said the Seoul-headquartered architecture firm will be responsible for design inspection and supervision during the construction phase. It made no mention of the contract’s value, but said its significance lay in Heerim's contribution to the airport’s design.
In 2018, Heerim was awarded the conceptual design contract for the Long Thanh Airport passenger terminal and it performed the basic design work a year.
The firm also secured in 2021 the contract for detailed design and completed it, the paper said, adding that Heerim was paid 28 billion won ($21.4 million) for the work.
Located in Dong Nai province, about 40 km east of Ho Chi Minh City, the Long Thanh International Airport is a mega project that is expected to ease the burden on the city’s heavily overloaded Tan Son Nhat International Airport.
The VND336.63 trillion ($14.12 billion) project is divided into three phases. The first phase, worth VND110 trillion ($4.64 billion), 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 complete the first phase by 2025. The passenger terminal is the first phase’s largest investment package with a value of VND35.23 trillion ($1.49 billion). It is expected to be completed in 33 months.
In the second phase set for completion by 2035, another runway and terminal will be added, doubling the passenger capacity to 50 million. Other infrastructure that will be built by 2050 in the third phase will further double the airport's capacity to 100 million passengers.
- Read More
Indonesia launches 37 energy projects
Indonesian President Prabowo Subianto kicked off 37 strategic projects related to the construction of power plants on Monday as the country is on track to achieve energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:02 pm GMT+7
Indonesia optimistic about ending fuel imports in five years
Indonesian President Prabowo Subianto is optimistic that Indonesia can halt fuel imports within five years, aligning with the government's goal of achieving energy self-sufficiency.
Southeast Asia - Tue, January 21, 2025 | 10:00 pm GMT+7
Thailand eyes cryptocurrency to boost economy
Thai Prime Minister Paetongtarn Shinawatra has announced the government’s decision to allow the use of payment products and services through digital assets in storage areas in Phuket, a popular island destination in the country.
Southeast Asia - Tue, January 21, 2025 | 9:59 pm GMT+7
Indonesia launches international carbon trading platform
Indonesia on Monday launched its first international carbon trading platform, contributing to promoting the country’s climate and sustainable development goals.
Southeast Asia - Tue, January 21, 2025 | 9:58 pm GMT+7
Indonesia to tender new oil & gas blocks, reduce LPG imports
Indonesia aims to tender all 60 oil and gas working areas by 2027 to increase oil lifting and support energy security, said its Energy and Mineral Resources Minister Bahlil Lahadalia.
Southeast Asia - Tue, January 21, 2025 | 9:56 pm GMT+7
Vietnam's leading private lender Techcombank books record profit in 2024
Techcombank, a major private lender in Vietnam, posted VND27.5 trillion ($1.09 billion) in pre-tax profit in 2024, up 20.3% year-on-year and an all-time high.
Banking - Tue, January 21, 2025 | 9:48 pm GMT+7
Vietnam, France should partner in deep processing of strategic minerals, metals: Deputy PM
French and Vietnamese enterprises should pilot cooperation in mining and deep processing of strategic minerals and metals, said Deputy Prime Minister Tran Hong Ha.
Economy - Tue, January 21, 2025 | 9:30 pm GMT+7
Bamboo Capital Group redeems over $15.7 million worth of bonds before maturity
Bamboo Capital Group (HoSE: BCG), a Vietnamese private multi-sector corporation, has completed the first phase of redeeming bonds worth VND397.16 billion ($15.72 million), in line witth its roadmap to buy back VND500 billion worth of bonds two years before maturity.
Bamboo Capital - Tue, January 21, 2025 | 8:02 pm GMT+7
Central Vietnam province Khanh Hoa seeks growth momentum from FDI
The south-central coastal province of Khanh Hoa is diversifying approaches to attract foreign direct investment (FDI), with several major projects to be launched, according to the provincial mayor.
Industries - Tue, January 21, 2025 | 4:33 pm GMT+7
Two leading Vietnamese brokers report steep profit declines in Q4/2024
Saigon Securities Inc. (HoSE: SSI) and VnDirect Securities (HoSE: VND), the two largest brokerage firms in Vietnam by charter capital, experienced a sharp decline in net profit in the fourth quarter of 2024.
Companies - Tue, January 21, 2025 | 3:39 pm GMT+7
More M&A deals expected in Vietnam’s plastics industry: association chairman
Foreign companies will face challenges acquiring land and making greenfield investments in plastic factories in Vietnam, prompting them to enter the market via acquisitions, says Nguyen Quoc Anh, chairman of the Ho Chi Minh City Rubber and Plastics Association.
Companies - Tue, January 21, 2025 | 3:12 pm GMT+7
New rules on securities, banking ownership limitations in Vietnam
Vilaf law firm analyzes the newly-promulgated rules related to the amendments and supplements to the Law on Securities 2019; the roadmap to ensure compliance with ownership limitations of the Law on Credit Institutions 2024; and the amendments of regulations on certificates in insurance sector.
Consulting - Tue, January 21, 2025 | 1:52 pm GMT+7
Vietnam, Czech elevate ties to strategic partnership
Vietnam has become the first Southeast Asian country to have a strategic partnership with the Czech Republic.
Politics - Tue, January 21, 2025 | 10:34 am GMT+7
Vietnam seaport firms report strong profits in 2024
Many seaport companies in Vietnam have logged significant profit increases for 2024 compared to the previous year.
Companies - Tue, January 21, 2025 | 8:17 am GMT+7
ASEAN members agree to build safe digital environment
Thai Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong said that participants at the 5th ASEAN Digital Ministers Meeting (ADGMIN) have agreed that online fraud and call center gangs are urgent issues that require a collective effort to address.
Southeast Asia - Mon, January 20, 2025 | 8:20 pm GMT+7
Thailand to have first FTA with Europe’s trade bloc EFTA
A free trade agreement between Thailand and the European Free Trade Association (EFTA), including Switzerland, Norway, Iceland and Liechtenstein, will be signed in Davos on Thursday, becoming the first pact of its kind between the Southeast Asian country and the trade bloc.
Southeast Asia - Mon, January 20, 2025 | 8:16 pm GMT+7