Start work on Long Thanh airport terminal this month: PM
Selection of the contractor to build the new Long Thanh International Airport’s first terminal should be completed soon so that work can begin this month, Prime Minister Pham Minh Chinh has ordered.
The PM’s instructions are made in a document reviewing the July meeting of the national steering committee on major transport sector projects.
He tasked relevant ministries, the Commission for the Management of State Capital at Enterprises (CMSC), state-run Airports Corporation of Vietnam (ACV), and other relevant agencies with facilitating progress of the airport being built in the southern province of Dong Nai.
Chinh lauded ACV, the project investor, for the quick progress made thus far, but said more efforts were needed to meet its deadlines.
Construction site of the Long Thanh International Airport in Dong Nai province, southern Vietnam. Photo courtesy of Soha news website.
Among three consortiums that registered to build the terminal, one led by Turkish conglomerate IC Ictas is the only one that met all technical requirements, ACV had announced early this month. Of the 10 firms that comprise the consortium named Vietur, nine are Vietnamese.
ACV said that the consortium will have to join the second bidding round for financial details soon, as the only candidate.
South Korea's Heerim Architects & Planners has signed a “construction-phase supervision and advisory contract” for the passenger terminal, according to the Korea Economic Daily.
Located in Dong Nai province, about 40 kilometers 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 terminal is the largest package of the first phase, with an investment of VND35.23 trillion ($1.49 billion). It is expected to be completed in 33 months.
Expedite metro, expressway works
The PM also issued directions for other projects discussed at the meeting. Regarding metro projects in Hanoi and Ho Chi Minh City, he asked mayors of both two cities to remove all bottlenecks and ensure that the Nhon-Hanoi Station metro line in Hanoi and the Ben Thanh-Suoi Tien metro line in HCMC begin operations in late 2023 and early 2024, respectively.
He asked the Ministry of Transport to ensure that work on three sub-projects of the North-South Expressway eastern section is expedited so that they open to traffic this year.
The three sub-projects are: the National Highway 45-Nghi Son Expressway (in the central province of Thanh Hoa); Nghi Son-Dien Chau Expressway (linking the central provinces of Thanh Hoa and Nghe An); and the My Thuan 2 Bridge (connecting the Mekong Delta provinces of Tien Giang and Vinh Long) and My Thuan-Can Tho Expressway (linking Vinh Long province with Can Tho city in the Mekong Delta).
- Read More
Thai firm opens 20,000-sqm shopping center in central Vietnam hub
MM Mega Market Vietnam (MMVN), a subsidiary of Thailand's TCC Group, on Monday opened its MM Supercenter Danang, a 20,000 sqm commercial complex with total investment capital of $20 million, in Danang city.
Real Estate - Tue, November 18, 2025 | 12:20 pm GMT+7
Vietnam PM asks Kuwait fund to expand investment in manufacturing, logistics, renewable energy
Prime Minister Pham Minh Chinh on Monday called on the Kuwait Fund for Arab Economic Development (KFAED) to strengthen cooperation with Vietnam, particularly in the areas of industrial production, logistics, renewable energy, green economy, and the Halal ecosystem.
Economy - Tue, November 18, 2025 | 11:53 am GMT+7
Thai dairy brand Betagen to build first plant in Vietnam
Betagen, a famous Thai dairy brand, plans to build its first manufacturing plant in Vietnam, located in the southern province of Dong Nai.
Industries - Tue, November 18, 2025 | 8:49 am GMT+7
Banks dominate Vietnam's Q3 earnings season, Novaland posts biggest loss
Banks accounted for more than half of the 20 most profitable listed companies in Vietnam’s Q3/2025 earnings season, while property developer Novaland recorded the largest loss.
Finance - Tue, November 18, 2025 | 8:24 am GMT+7
Highlands Coffee posts strongest quarterly earnings in 2 years on robust same-store sales
Highlands Coffee, Vietnam’s largest coffee chain, delivered its best quarterly performance in two years, with Q3 EBITDA exceeding PHP666 million ($11.27 million), parent company Jollibee Foods Corporation (JFC) said in its latest earnings report.
Companies - Mon, November 17, 2025 | 10:21 pm GMT+7
Hong Kong firm Dynamic Invest Group acquires 5% stake in Vingroup-backed VinEnergo
VinEnergo, an energy company backed by Vingroup chairman Pham Nhat Vuong, has added a new foreign shareholder after Hong Kong–based Dynamic Invest Group Ltd. acquired a 5% stake, according to a regulatory filing on Saturday.
Companies - Mon, November 17, 2025 | 9:52 pm GMT+7
Thai giant CP’s Q3 Vietnam revenue drops 20% as hog prices slump
Thailand’s Charoen Pokphand Foods PCL (CPF) reported a sharp downturn in its Vietnam business in Q3, making the country its only major market to contract.
Companies - Mon, November 17, 2025 | 4:16 pm GMT+7
Surging demand for gas turbines tightens supply chains, extends lead times: Siemens Energy
Demand for gas turbines is rising rapidly, especially in regions with a surge in data center development, tightening supply chains and extending lead times - factors that investors must closely track during project preparation, according to Siemens Energy.
Companies - Mon, November 17, 2025 | 1:34 pm GMT+7
Novaland completes first phase of restructuring, targets 'returning to growth' from 2027
Novaland, a leading real estate developer in Vietnam, said it has completed the first phase of its multi-year restructuring plan and aims to finish the entire program by end-2026, positioning the company to return to growth from 2027.
Companies - Mon, November 17, 2025 | 12:26 pm GMT+7
Vietnam's property developer Regal Group to list shares on HCMC bourse in Q4
Regal Group JSC, a property developer based in the central city of Danang, has applied to list its 200 million RGG shares on the Ho Chi Minh City Stock Exchange (HoSE) in Q4/2025.
Real Estate - Mon, November 17, 2025 | 10:52 am GMT+7
Vietnam's upstream oil & gas stocks surge on project momentum, regulatory easing
Stocks of Vietnam’s upstream oil and gas companies have surged in recent weeks, boosted by rising exploration activity and new rules that accelerate project approvals, while midstream and downstream players face pressure from falling crude prices.
Companies - Mon, November 17, 2025 | 8:57 am GMT+7
Indonesia to turn Bali into Asia’s next medical tourism hotspot
Indonesia is stepping up efforts to reduce the number of citizens seeking treatment abroad and turn Bali into Asia’s leading medical tourism hotspot.
Southeast Asia - Sun, November 16, 2025 | 9:05 pm GMT+7
Malaysia aims to become Southeast Asia’s AI, EV hub
Malaysia is shifting into high gear as it positions itself to become Southeast Asia’s leading hub for smart, sustainable mobility, powered by breakthroughs in electric vehicles (EVs), artificial intelligence (AI), and advanced manufacturing.
Southeast Asia - Sun, November 16, 2025 | 9:00 pm GMT+7
108 foreign investors hold 26.8% stake in Vietnam's industrial giant Thaco
Vietnam’s industrial conglomerate Truong Hai Group (Thaco) has reported a charter capital of VND30.51 trillion ($1.16 billion), with domestic private capital accounting for 73.2% and 108 foreign investors holding the remaining 26.8% stake.
Companies - Sun, November 16, 2025 | 4:42 pm GMT+7
Vietnam the most important manufacturing hub of Chinese electronics giant Luxshare-ICT: exec
Major Chinese electronics manufacturer Luxshare-ICT will expand its operations in Vietnam by rolling out large science-technology and innovation projects in the northern province of Bac Ninh and other localities, its vice chairman Wang Laisheng said on Saturday.
Companies - Sun, November 16, 2025 | 2:46 pm GMT+7
Sweden’s Syre reinforces $1 bln textile recycling plant in Vietnam with Nike deal
A strategic deal with U.S. sportswear giant Nike is expected to consolidate Swedish recycling start-up Syre's plans to roll out a global network of textile-to-textile recycling facilities, beginning with a $1 billion plant in Vietnam.
Industries - Sun, November 16, 2025 | 8:00 am GMT+7




















