Tender for Long Thanh airport terminal extended due to tight deadline
The selection of a contractor to build the passenger terminal at Long Thanh International Airport, a key national project, is facing challenges because none of the applicants have been able to commit to meeting the construction deadline.
The Airports Corporation of Vietnam (ACV), the main investor of Long Thanh International Airport in the southern province of Dong Nai, which borders Ho Chi Minh City, has announced that the second bidding invitation for Package No. 5.10 “Construction and Equipment Installation for the Passenger Terminal Building” has been extended to June 12 this year instead of April 28.
The key package includes design, construction, and equipment installation for the terminal. With a total investment of VND35.23 trillion ($1.49 billion), it is the biggest package for the first phase of the airport.
It was planned to take 990 days, or 33 months, including weekends, holidays, and the Lunar New Year (Tet) holiday from the effective date of the contract.
According to ACV, the extension of the bidding invitation aims to attract more capable contractors. The bidding invitation was previously rescheduled from March 28 to April 28.

The construction site of Long Thanh Internatinal Airport project in Dong Nai province, southern Vietnam. Photo by The Investor/Hoang Long.
In his April 18 dispatch, Prime Minister Pham Minh Chinh noted the slow progress of the airport's main component projects: "It is necessary to clearly identify the causes and specific responsibilities of all stakeholders and handle them in accordance with Party and State regulations. Timely measures need to be taken to accelerate the project's progress."
The PM requested the Ministry of Transport and the Commission for the Management of State Capital at Enterprises to urgently direct the assessment of ACV's project implementation capacity and clarify the responsibilities of organizations and individuals in holding the tender for Package 5.10.
The cabinet leader emphasized the need for effective and feasible plans to select a capable contractor in May 2023.
The airport project has a total estimated investment of VND336.63 trillion ($14.12 billion), with three phases. The first phase, costing VND110 trillion, will include a runway, passenger terminal and auxiliary works capable of serving 25 million passengers a year.
In the second phase, an additional runway and terminal will be built to reach a capacity of 50 million passengers a year. The remaining items will be completed in the third phase to reach a capacity of 100 million.
Work began in 2021 and the new airport is set to open in 2025. The second phase is scheduled for completion by 2050.
Covering more than 5,580 hectares in Long Thanh district, about 40 kilometers east of HCMC, the new airport is expected to help ease overloading at Tan Son Nhat International Airport in HCMC, Vietnam’s southern economic hub.
However, given the phase 1 deadline of 33 months, the airport is unlikely to open on time.
On September 24, 2022, ACV first issued tender invitations for the passenger terminal. However, when the bidding closed on November 8, it was found that related files were not qualified under Article 17 of the Law on Bidding. Thus, the corporation extended the deadline for bids to the end of November.
ACV then received only one bid from a consortium of companies: Coteccons, Vinaconex, Centra, Phuc Hung Holdings, REE, Hoa Binh Construction, and Hawee. It decided to cancel the bidding in mid-December as the dossier did not meet all the requirements.
According to ACV's deputy general director Do Tat Binh, also head of the management board of the Long Thanh International Airport project, some contractors claimed that the contract implementation time of 33 months is too short for the contractor to complete such a large package.
Therefore, ACV has extended the duration to complete the airport’s passenger terminal by six months, from 33 to 39, after consulting foreign consultants, Binh said.
Inspecting the project on March 16, Deputy Prime Minister Tran Hong Ha affirmed that the Long Thanh airport is a work of the century. "Therefore, its contractors must be those who have ever done large works in the world."
He assigned ACV to take responsibility before the government for selecting capable and experienced contractors to carry out bidding packages to ensure the project quality, progress and efficiency.
- Read More
Deal acquiring financial firm of Vietnam's SeABank invalid: Aeon Financial
Aeon Financial Service Co., Ltd. on Friday stated that its deal to purchase a financial company owned by Vietnam's SeABank is invalid due to "inappropriate accounting transactions."
Finance - Fri, June 6, 2025 | 11:57 pm GMT+7
VSAP LAB to build $69 mln chip packaging tech laboratory in central Vietnam
Vietnamese private firm VSAP LAB JSC has been approved as the investor of a VND1.8 trillion ($69.11 million) advanced packaging technology laboratory project that will assist semiconductor production in the central city of Danang.
Industries - Fri, June 6, 2025 | 8:11 pm GMT+7
Vietnam's major property developer Hoang Huy successfully raises $30.7 mln from parent company
Hoang Huy Investment Services JSC (HoSE: HHS) has successfully issued 64 million shares for VND800 billion ($30.7 million) via private placement to its parent company – Hoang Huy Financial Services Investment JSC (TCH).
Companies - Fri, June 6, 2025 | 3:32 pm GMT+7
Subsidiaries, affiliates likely not to enjoy preferential corporate income tax in Vietnam
Subsidiaries and affiliates of enterprises in Vietnam might not be eligible for preferential corporate income tax (CIT) rates of 15-17%, in order to prevent abuse of incentives like splitting income for tax avoidance, according to the Financial and Economic Committee under the National Assembly, the country's legislature.
Finance - Fri, June 6, 2025 | 3:22 pm GMT+7
VPS Securities JSC named Vietnam’s best broker again by The Asset
VPS Securities JSC (VPS) has once again been honored as the “Best Brokerage House in Vietnam” at the Triple A Awards 2025, presented by The Asset, a leading Asia-focused financial publication.
Companies - Fri, June 6, 2025 | 11:40 am GMT+7
Vietnam's agri major BAF eyes two 6-story buildings for pig farming in southern Vietnam
BAF Vietnam Agriculture JSC has submitted a proposal to the Ministry of Agriculture and Environment to develop a smart pig farming complex including two six-story buildings in the southern provinces of Tay Ninh and Binh Phuoc.
Industries - Fri, June 6, 2025 | 11:20 am GMT+7
Food major Kido leaders reveal real estate ambitions
Leaders of Kido Group, a leading Vietnamese food and cooking oil producer, said they see many positive policies that are helping to ease real estate market difficulties and create favorable conditions for the company to develop projects on its land reserves.
Real Estate - Fri, June 6, 2025 | 11:03 am GMT+7
Indonesia accelerates procedures to join OECD
The Indonesian Government has finalised the preparation of the Initial Memorandum (IM) for its accession to the Organisation for Economic Co-operation and Development (OECD), which will be submitted to OECD Secretary-General Matthias Cormann in Paris, France.
Southeast Asia - Fri, June 6, 2025 | 10:16 am GMT+7
OECD lowers Indonesia's growth forecast to 4.7%
The Organisation for Economic Cooperation and Development (OECD) has lowered its forecast for Indonesia's economic growth down to 4.7% this year, from the previous 4.9%, due to weakened domestic sentiment and heightened external risks.
Southeast Asia - Fri, June 6, 2025 | 10:15 am GMT+7
Vietnam, US sign additional agricultural trade deals worth over $600 mln
Vietnam and the U.S. on Wednesday signed MoUs on importing animal feed materials from Ohio state with total value exceeding $600 million.
Economy - Fri, June 6, 2025 | 10:03 am GMT+7
My Thuy deepwater port to become central Vietnam logistics hub
My Thuy Deepwater Port, once operational, will not only create a new growth pole for the central province of Quang Tri and serve as a gateway to the East Sea, but also become a regional logistics hub.
Infrastructure - Fri, June 6, 2025 | 8:00 am GMT+7
Vietnam's 5-month registered FDI hits $18.4 bln, up 51%
Registered foreign direct investment (FDI) in Vietnam hit $18.4 billion in the first five months of the year, up 51.1%, while disbursed capital reached $8.9 billion, up 7.9%.
Economy - Thu, June 5, 2025 | 6:52 pm GMT+7
Indonesia launches economic stimulus package to boost purchasing power
The Indonesian Government has rolled out an economic stimulus package worth IDR24.44 trillion (nearly $1.53 billion) to maintain consumer purchasing power and stabilize the national economy.
Southeast Asia - Thu, June 5, 2025 | 4:06 pm GMT+7
Vinhomes subsidiary to develop two industrial parks worth $383 mln in northern Vietnam
Vinhomes Hai Phong Industrial Park Investment JSC under Vinhomes, the housing arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), is expected to be the investor of two industrial parks worth VND10 trillion ($383 million) in the northern port city of Hai Phong.
Real Estate - Thu, June 5, 2025 | 3:54 pm GMT+7
Agriculture drives Indonesia’s economic growth
Agriculture is emerging as a key driver of Indonesia’s economic growth, especially in the first quarter of 2025, according to the latest report by the Indonesian Institute for Development of Economics and Finance (INDEF).
Southeast Asia - Thu, June 5, 2025 | 3:46 pm GMT+7
Vietnam's logistics heavyweight Gemadept plans over $38 mln buyback if shares plunge
Gemadept, Vietnam's leading port and logistics company, listed on the Ho Chi Minh Stock Exchange as GMD, plans to buy back 21 million shares, equivalent to 5% of its outstanding shares.
Companies - Thu, June 5, 2025 | 3:32 pm GMT+7