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
Northern Vietnam economic hubs attract Belgian investors

Northern Vietnam economic hubs attract Belgian investors

Quang Ninh province and Hai Phong city, two major economic hubs in northern Vietnam, are becoming attractive destinations for international investors, especially from Belgium.

Industries - Tue, April 1, 2025 | 4:07 pm GMT+7

Northern Vietnam port city eyes three potential sites for free trade area

Northern Vietnam port city eyes three potential sites for free trade area

Vietnam’s northern city of Hai Phong has proposed three locations for a 6,400 hectare new-generation free trade area, all connected to major seaports.

Infrastructure - Tue, April 1, 2025 | 3:33 pm GMT+7

Vietnam actively addressing US economic concerns: Party chief

Vietnam actively addressing US economic concerns: Party chief

Vietnam’s relevant ministries and agencies are making efforts to iron out U.S. concerns regarding bilateral investment-trade relations and high-tech products, Party chief To Lam said on Monday.

Economy - Tue, April 1, 2025 | 3:03 pm GMT+7

Belgian monarchs’ Vietnam visit to usher in new chapter for economic ties: diplomat

Belgian monarchs’ Vietnam visit to usher in new chapter for economic ties: diplomat

Belgian King Philippe and Queen Mathilde are accompanied by 34 CEOs of top corporations from Belgium and the EU during their ongoing five-day state visit to Vietnam, reflecting the European country’s wish to boost bilateral economic relations.

Economy - Tue, April 1, 2025 | 11:17 am GMT+7

Vingroup gains $834 mln after divesting from mall operator Vincom Retail

Vingroup gains $834 mln after divesting from mall operator Vincom Retail

Vietnamese conglomerate Vingroup earned VND21.33 trillion ($834.13 million) from selling its stake in mall operator Vincom Retail last year.

Companies - Tue, April 1, 2025 | 11:03 am GMT+7

Thailand targets reduction in US trade surplus to $20 bln

Thailand targets reduction in US trade surplus to $20 bln

Thailand is aiming to reduce its trade surplus with the U.S. to $20 billion by importing more U.S. products, according to head of its Industry Ministry's industrial economics office Passakorn Chairat.

Southeast Asia - Tue, April 1, 2025 | 9:15 am GMT+7

Vietnam's VinFast partners with DHL to deliver car spare parts in Europe

Vietnam's VinFast partners with DHL to deliver car spare parts in Europe

Vietnam's electric vehicle manufacturer VinFast has officially partnered with DHL, a logistics and transportation company headquartered in Germany, to optimize its spare parts network through complete logistics management solutions.

Southeast Asia - Tue, April 1, 2025 | 9:12 am GMT+7

Honda recalls CB650R, CBR650R motorcycles in Vietnam

Honda recalls CB650R, CBR650R motorcycles in Vietnam

The National Competition Commission under the Ministry of Industry and Trade has announced that it received a report from Honda Vietnam Co. Ltd. regarding the recall programme for 69 CB650R and CBR650R motorcycles imported and distributed in the Vietnamese market.

Southeast Asia - Tue, April 1, 2025 | 9:09 am GMT+7

Central Vietnam hub Danang sees real estate projects reborn

Central Vietnam hub Danang sees real estate projects reborn

After a period of being in limbo, many urban area projects in the central city of Danang, such as the Thuan Phuoc New Urban Area, Marina Complex, and The Legend City Danang, are showing signs of life.

Real Estate - Tue, April 1, 2025 | 8:17 am GMT+7

Vietnam's private lender BVBank to offer 68.98 mln shares to existing shareholders

Vietnam's private lender BVBank to offer 68.98 mln shares to existing shareholders

BVBank will offer 68.98 million shares to existing shareholders at VND10,000 apiece, which is lower than the book value level recorded at the end of 2024 (VND11,153).

Banking - Mon, March 31, 2025 | 6:02 pm GMT+7

Vietnam benchmark VN-Index closes in the red for 4th session

Vietnam benchmark VN-Index closes in the red for 4th session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), fell 10.60 points, or 0.8%, to 1,306 on Monday, making its four-session losing streak.

Finance - Mon, March 31, 2025 | 5:15 pm GMT+7

Crypto tax policy: What model for Vietnam’s growth?

Crypto tax policy: What model for Vietnam’s growth?

Vietnam is moving closer to legalizing cryptocurrency transactions, a crucial step that not only provides a clear legal framework for the market but also creates an opportunity to generate tax revenue, writes Dr Chu Thanh Tuan, associate program manager of undergraduate business programs at RMIT University Vietnam.

Consulting - Mon, March 31, 2025 | 3:56 pm GMT+7

Two high-tech projects worth $640 mln break ground in northern Vietnam

Two high-tech projects worth $640 mln break ground in northern Vietnam

Two Chinese-invested, high-tech projects worth a total of $640 million broke ground on Sunday at the VSIP Bac Ninh II Industrial Park in Bac Ninh province.

Industries - Mon, March 31, 2025 | 3:09 pm GMT+7

Leading Vietnamese broker SSI pays cash dividends for 10 consecutive years

Leading Vietnamese broker SSI pays cash dividends for 10 consecutive years

Saigon Securities (SSI), a major broker in Vietnam, plans a cash dividend payout of 10%, equivalent to VND1.97 trillion ($77 million), for 2024, maintaining this policy consistently over the last 10 years.

Companies - Mon, March 31, 2025 | 10:43 am GMT+7

Amateur innovates rice paper production, exports to Japan, S Korea

Amateur innovates rice paper production, exports to Japan, S Korea

Dang Khanh Duy, CEO of Tan Nhien Ltd., has harnessed local cassava resources to create rice paper without the need for soaking in water, which is exported to several demanding markets worldwide, including Japan and South Korea.

Companies - Mon, March 31, 2025 | 10:31 am GMT+7

Belgian King, Queen begin state visit to Vietnam

Belgian King, Queen begin state visit to Vietnam

Belgian King Philippe and Queen Mathilde arrived in Hanoi on early Monday morning, beginning their five-day state visit to Vietnam at the invitation of State President Luong Cuong and his spouse.

Politics - Mon, March 31, 2025 | 8:47 am GMT+7