Southern Vietnam airport Long Thanh’s phase 1 secures extra $23.69 mln in funding

By Chau Anh
Tue, April 1, 2025 | 4:38 pm GMT+7

The investment for the first phase of Long Thanh International Airport in the southern province of Dong Nai has been increased by around VND606 billion ($23.69 million), under a decision recently approved by Deputy Prime Minister Tran Hong Ha.

Passenger terminal of Long Thanh International Airport under construction in Dong Nai province, southern Vietnam. Photo courtesy of Vietnam News Agency.

Passenger terminal of Long Thanh International Airport under construction in Dong Nai province, southern Vietnam. Photo courtesy of Vietnam News Agency.

With the additional funding, total investment for the first phase has exceeded VND109.71 trillion (nearly $4.28 billion).

Construction of the project, about 40 km east of Ho Chi Minh City, is scheduled to last until 2026, with basic completion expected within 2025.

The new decision also includes adjustments and supplements concerning investors for Component 4.

Accordingly, the Dong Nai People’s Committee has been tasked with selecting investors for aircraft fuel pipeline systems from the source port to the boundary of the airport, airport city, aviation industrial park, and airline operations center.

The Ministry of Construction will select investors for the aircraft maintenance area (hangars 1 to 4), Cargo Terminal 2, an express cargo terminal, and cargo handling warehouses 5 to 8.

State-owned Airports Corporation of Vietnam (ACV) will invest in warehouses 1 to 4, solar power systems, technical infrastructure connected seamlessly with aviation service facilities.

The first phase has also been revised to comprise two runways instead of one, along with a passenger terminal, and supporting facilities designed to handle 25 million passengers and 1.2 million tons of cargo annually.

The two runways, each measuring 4,000 meters in length and 75 meters in width, will be complemented by a taxiway and apron system that can accommodate various aircraft types, ensuring the airport meets its projected capacity.

Meanwhile, Component 3, comprising essential facilities, will be carried out by the airport operator. Its key elements include general infrastructure, airfield structures, aprons, a fuel supply system, a passenger terminal, Cargo Terminal 1, a parking area, an airport operations building, and various supporting facilities.

During his recent visit to the construction site, Prime Minister Pham Minh Chinh asked investors, contractors, and relevant ministries and agencies to strictly adhere to the timeline, with construction to be basically completed in 2025 and commercial operations to begin in the first half of 2026.

For Component 1, he asked investors to speed up the construction of the headquarters for state management agencies, with completion required by the end of this year.

The Ministry of Agriculture and Environment was requested to complete the construction of a plant and animal quarantine station in the year as committed. It must also conduct an accountability review for individuals and organizations responsible for delays in the project and submit a report to the Prime Minister before May 30.

Regarding Component 2, PM Chinh tasked the Vietnam Air Traffic Management Corporation (VATM) with ensuring trial operations in October 2025 as planned, while working closely with ACV on equipment testing and the operation and management of the project.

The cabinet leader noted that Component 3 involves the heaviest workload, particularly the roof of the passenger terminal, which ACV is actively working on. He said after completing the roofing, efforts should focus on implementing contracts to achieve basic completion in 2025.

Regarding Component 4, the government leader asked the Ministry of Construction to outline an investor selection mechanism for special cases, allowing national flag carrier Vietnam Airlines to invest in hangars 1 and 2, and budget carrier Vietjet Air to develop hangars 3 and 4.

With regard to connectivity infrastructure, he instructed the ministry, along with the people's committees of Dong Nai and neighboring Ba Ria-Vung Tau provinces, to ramp up efforts for the technical opening of Bien Hoa-Vung Tau Expressway in April 2025, with full completion expected two months later. The two other component projects must also be completed within the year.

Mentioning railway connectivity between Long Thanh and Tan Son Nhat International Airport in HCMC, the PM asked the HCMC People's Committee to immediately study options for a rail connection, either elevated or subway, while considering cooperation with foreign partners during implementation.

Long Thanh airport is a mega project with a total investment of VND336.63 trillion ($14.12 billion) that will be built in three phases. It is set to welcome the first plane to make landing or take off in July 2025.

Once fully completed, the 5,000-hectare airport will be the nation’s biggest, helping reduce overload at Tan Son Nhat International Airport.

Comments (0)
  • Read More
Vietnam stock market: Positive signals and investment opportunities

Vietnam stock market: Positive signals and investment opportunities

The Vietnamese stock market has been riding a wave of good news, including easing U.S.-China trade tensions, the successful rollout of the new trading system KRX, and a surge in newly opened trading accounts, opening up immense opportunities for investors.

Finance - Wed, May 14, 2025 | 8:17 am GMT+7

Gelex Electric majority shareholder of new tech firm

Gelex Electric majority shareholder of new tech firm

Gelex Electric, under Vietnam's leading multi-sector corporation Gelex Group, has announced a board decision on capital contribution to establish a technology company, bringing its subsidiaries to 10.

Companies - Tue, May 13, 2025 | 9:25 pm GMT+7

Vietnam’s auto sales in April increase 21% year-on-year

Vietnam’s auto sales in April increase 21% year-on-year

The Vietnam Automobile Manufacturers’ Association (VAMA) on Tuesday said that its members, not including VinFast and Hyundai, reported sales of 29,585 units in April, down 7% month-on-month but up 21% year-on-year.

Companies - Tue, May 13, 2025 | 9:16 pm GMT+7

Malaysia a prime site for nuclear plants: expert

Malaysia a prime site for nuclear plants: expert

Malaysia is a logical choice to host nuclear power plants given that it is less prone to tectonic activities such as earthquakes compared with its Southeast Asian neighbors, according to an expert.

Southeast Asia - Tue, May 13, 2025 | 9:07 pm GMT+7

Thailand sends trade proposal to US

Thailand sends trade proposal to US

Thailand has sent a trade proposal to the U.S., Prime Minister Paetongtarn Shinawatra said on Tuesday, as her government seeks negotiations to reduce U.S. tariffs.

Southeast Asia - Tue, May 13, 2025 | 9:01 pm GMT+7

UOB forecasts USD price at VND26,100 in Q2, VND26,300 in Q3

UOB forecasts USD price at VND26,100 in Q2, VND26,300 in Q3

Singaporean bank UOB's updated forecasts on the price of USD against the Vietnamese dong (VND) are 26,100 in Q2/2025, 26,300 in Q3, 26,000 in Q4, and 25,800 in Q1/2026.

Banking - Tue, May 13, 2025 | 4:15 pm GMT+7

US’s manufacturing service provider Key Tronic expanding in Vietnam despite tariff uncertainties

US’s manufacturing service provider Key Tronic expanding in Vietnam despite tariff uncertainties

Key Tronic, a leading American design and manufacturing service provider, is proceeding with the buildout of new production capacity in Arkansas (U.S.) and Vietnam despite tariff uncertainties.

Industries - Tue, May 13, 2025 | 4:01 pm GMT+7

Motorbike maker Piaggio plans €26 mln paint shop at Vietnam plant

Motorbike maker Piaggio plans €26 mln paint shop at Vietnam plant

Italian motorbike manufacturer Piaggio plans to build a new paint shop at its factory in Vietnam by 2027, with an expected investment of €26 million, according to its 2024 financial statements.

Industries - Tue, May 13, 2025 | 3:37 pm GMT+7

Vietnam stands out in human development amid global slowdown: UNDP

Vietnam stands out in human development amid global slowdown: UNDP

As the world enters the age of artificial intelligence (AI), Vietnam continues to maintain a strong standing in human development, defying a global slowdown, according to the United Nations Development Programme's (UNDP) 2025 Human Development Report.

Southeast Asia - Tue, May 13, 2025 | 3:26 pm GMT+7

Apple supplier Wistron plans 30% output boost in northern Vietnam

Apple supplier Wistron plans 30% output boost in northern Vietnam

Wistron Infocomm (Vietnam) Co., Ltd, under Taiwan-headquartered electronics manufacturer Wistron - a supplier to Apple, will increase its output in the northern province of Ha Nam by 30% and hire over 3,000 workers in the time ahead to support the ramp-up.

Industries - Tue, May 13, 2025 | 3:01 pm GMT+7

Stock of Vingroup’s hospitality arm Vinpearl hits ceiling price in market debut

Stock of Vingroup’s hospitality arm Vinpearl hits ceiling price in market debut

VPL, the ticker of Vinpearl JSC - the hospitality subsidiary of Vietnam's leading conglomerate Vingroup, surged 20% to its ceiling price of VND85,500 ($3.29) per share within the first trading hours on the Ho Chi Minh bourse Tuesday morning.

Finance - Tue, May 13, 2025 | 12:39 pm GMT+7

Vietnam welcomes Swedish investment expansion in digital economy, infrastructure: PM

Vietnam welcomes Swedish investment expansion in digital economy, infrastructure: PM

Vietnam welcomes Swedish companies to further invest in the areas that they have strengths in and align with Vietnam’s development priorities like the digital economy, infrastructure, and information-communication technology.

Economy - Tue, May 13, 2025 | 12:04 pm GMT+7

Vietnam, Belarus issue joint statement on establishing strategic partnership

Vietnam, Belarus issue joint statement on establishing strategic partnership

Vietnam's Party General Secretary To Lam and Belarusian President Aleksandr Lukashenko have signed a joint statement officially establishing a strategic partnership between Vietnam and Belarus, during the Vietnamese leader’s state visit on May 11-12.

Politics - Tue, May 13, 2025 | 11:23 am GMT+7

CEO of Covid-19 vaccine developer Nanogen dies at 59

CEO of Covid-19 vaccine developer Nanogen dies at 59

Ho Nhan, CEO of Nanogen - the first Vietnamese company to conduct clinical trials for a Covid-19 vaccine, passed away on Monday at the age of 59 due to heart disease.

Companies - Tue, May 13, 2025 | 11:09 am GMT+7

How easing US-China trade tensions could impact Vietnam's benchmark VN-Index?

How easing US-China trade tensions could impact Vietnam's benchmark VN-Index?

Analysts have turned bullish on Vietnam's benchmark VN-Index as the U.S.-China reached a positive tariff deal, delivering a wave of upbeat signals to financial investors.

Finance - Tue, May 13, 2025 | 10:50 am GMT+7

Vietnam's leading property developer Novaland denies 'panic selling' amid chairman-linked share divestments

Vietnam's leading property developer Novaland denies 'panic selling' amid chairman-linked share divestments

Novaland has denied allegations of panic selling following major planned divestments by entities linked to its chairman Bui Thanh Nhon, affirming that the moves are strategic steps to support its ongoing debt restructuring, not signs of instability.

Companies - Tue, May 13, 2025 | 8:17 am GMT+7