Work on Long Thanh airport terminal to begin next month

By Tri Duc
Thu, July 6, 2023 | 5:02 pm GMT+7

Construction of the Long Thanh International Airport’s first terminal is set to begin next month, according to project investor Airports Corporation of Vietnam (ACV).

The airport in the southern province of Dong Nai will be the nation’s biggest when complete and will reduce overload of the Tan Son Nhat International Airport in Ho Chi Minh City.

Information about the airport terminal’s construction schedule was provided by ACV representatives to provincial authorities when Dong Nai Vice Chairman Vo Tan Duc visited the construction site Thursday.

Dong Nai Vice Chairman Vo Tan Duc addresses a meeting with representatives of Airports Corporation of Vietnam (ACV), the main investor of Long Thanh International Airport in the southern province on July 6, 2023. Photo courtesy of Dong Nai newspaper.

Dong Nai Vice Chairman Vo Tan Duc addresses a meeting with representatives of Airports Corporation of Vietnam (ACV), the main investor of Long Thanh International Airport in the southern province on July 6, 2023. Photo courtesy of Dong Nai newspaper.

They said ACV was studying bids submitted by three bidders in June for construction and equipment installation at the terminal. The project investor is also hoping to begin work on the taxiways and aircraft parking areas over the next two months, the executives said.

One of the bidders is CHEC-BCEG-Vietnam, a consortium of nine companies from Vietnam and China led by Chinese firm China Harbour Engineering Company Ltd.

Another is the Hoa Lu group with seven Vietnamese and one Thai firm, is led by local construction giant Coteccons.

The third group, led by Turkish conglomerate IC Istas, has 10 businesses, nine of them Vietnamese.

Long Thanh district, where the airport is located, has basically completed site clearance of 1,810 hectares of the project and 722 hectares for reserved areas. Just one house remains.

Dong Nai Vice Chairman Duc asked the provincial Department of Finance to help district authorities complete the task.

ACV also urged the district to complete site clearance soon for two roads that will link with the airport.

Duc directed district officials to complete site clearance for road No.1 within this month.

The Long Thanh International Airport is a mega project with a total investment of VND336.63 trillion ($14.12 billion) divided into three phases. The first phase, worth VND110 trillion, 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 open in 2025.

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.

Three more industrial parks

Meanwhile, Dong Nai province has announced plans to build three more industrial parks to welcome the airport.

In a petition sent to Prime Minister Pham Minh Chinh, the province named three projects: Long Duc 3 and Bau Can-Tan Hiep industrial parks in Long Thanh district; and Xuan Que-Song Nhan Industrial Park in the neighboring district of Cam My.

The three projects will cover 6,500 hectares, mostly rubber plantations. They will have 4,000 hectares of industrial real estate once infrastructure construction is completed, according to provincial authorities.

The province currently has 31 industrial parks in operation and eight others on the anvil. Officials have said earlier that the province missed out on some major foreign direct investment (FDI) projects because of a lack of available industrial areas. Current industrial parks have achieved an occupation rate of 85%.

Vietnam’s index of industrial production (IIP) showed signs of recovery with a year-on-year growth of 2.8% in June, but fell 1.2% year-on-year in the first six months of this year, the General Statistics Office (GSO) reported.

Bucking the national trend, Dong Nai’s IIP grew 3.01% year-on-year in the first six months of this year. This growth was driven by a 4.02% increase in mining, 3.3% hike in manufacturing and processing, and 3% rise in water supply and treatment of waste and wastewater. The power production and distribution sector, meanwhile, recorded a negative growth of 2.6% in the first half of the year.

Comments (0)
  • Read More
No more delays to HCMC 'super' port construction: experts

No more delays to HCMC 'super' port construction: experts

The construction of the $5.5 billion Can Gio “super” port in Ho Chi Minh City should not be delayed now that MSC, the world's leading shipping company, has proposed to invest in the mega project, said experts.

Infrastructure - Tue, April 30, 2024 | 7:00 am GMT+7

Private lender VPBank targets 114% profit growth in 2024

Private lender VPBank targets 114% profit growth in 2024

Vietnam’s leading private lender VPBank targets to rake in VND23.17 trillion ($914.18 million) in pre-tax profit this year, a year-on-year increase of 114%, according to its 2024 business plan approved by shareholders at the AGM on Monday.

Banking - Mon, April 29, 2024 | 11:13 pm GMT+7

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

Construction firm Lizen to focus on transport infrastructure, suspend some renewables projects

With real estate market remaining sluggish and renewable energy policies yet to be finalized, construction firm Lizen has decided to focus on transport infrastructure and electrical engineering.

Companies - Mon, April 29, 2024 | 10:39 pm GMT+7

Speculative groups stand behind Hanoi apartment fever: association

Speculative groups stand behind Hanoi apartment fever: association

The recent apartment fever that has swept in Hanoi shows signs of being impacted by speculative groups who have created virtual supply and demand to push prices up, according to the Vietnam Association of Realtors (VARS).

Real Estate - Mon, April 29, 2024 | 4:07 pm GMT+7

Vietnam industrial production expands 6% in Jan-April

Vietnam industrial production expands 6% in Jan-April

Vietnam's index of industrial production (IIP) remained on an upward trend, rising 6.3% year-on-year in April and 6% in January-April this year.

Economy - Mon, April 29, 2024 | 3:50 pm GMT+7

Industrial real estate still leads Vietnam market: experts

Industrial real estate still leads Vietnam market: experts

Despite difficulties, industrial park real estate still leads the market, attracting sustainable foreign direct investment (FDI) to Vietnam, said experts.

Industrial real estate - Mon, April 29, 2024 | 2:38 pm GMT+7

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

Hanoi photo exhibition depicts Vietnam’s significant victories in 20th century

A photo exhibition highlighting Vietnam’s victories that changed the course of world history is being held at the pedestrian space around Hoan Kiem Lake downtown Hanoi.

Travel - Mon, April 29, 2024 | 1:41 pm GMT+7

Hanoi’s top painters exhibit their work dedicated to national flower

Hanoi’s top painters exhibit their work dedicated to national flower

The lotus – Vietnam’s national flower, is being honored at an art exhibition that opened in Hanoi on Sunday.

Travel - Mon, April 29, 2024 | 1:39 pm GMT+7

Thailand carries out cabinet reshuffle

Thailand carries out cabinet reshuffle

The new cabinet of Thai Prime Minister Srettha Thavisin was announced on Sunday.

Southeast Asia - Mon, April 29, 2024 | 1:37 pm GMT+7

Vietnam's M&A activity bounces back in Q1

Vietnam's M&A activity bounces back in Q1

After a rather gloomy 2023, merger & acquisition (M&A) activity in Vietnam recorded a significant recovery in the first quarter of 2024.

Finance - Mon, April 29, 2024 | 10:59 am GMT+7

Nam Cau Kien eco-industrial park - A circular economy pioneer

Nam Cau Kien eco-industrial park - A circular economy pioneer

Enterprises are encouraged to transform to the circular economy model, but they still face obstacles in accessing preferential policies. Procedures to receive credit packages from domestic and foreign organizations are complicated and have criteria that most businesses cannot meet, writes Pham Hong Diep, chairman of industrial real estate developer Shinec JSC.

Industrial real estate - Mon, April 29, 2024 | 9:11 am GMT+7

How tech empowers insurance agents in Vietnam

How tech empowers insurance agents in Vietnam

Vietnam's insurance industry stands at the threshold of a transformative era, one marked by significant potential and rapid digital evolution, writes Tri Nguyen, country manager for Vietnam at Singapore-based insurance firm Igloo.

Consulting - Mon, April 29, 2024 | 7:00 am GMT+7

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana golf tournament raises $473,000 for disadvantaged children in Quang Nam province

Hoiana Resort & Golf has raised over VND1.2 billion ($473,000) from holding a charity golf tournament to support disadvantaged children in the central province of Quang Nam.

Travel - Sun, April 28, 2024 | 7:14 pm GMT+7

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Dragon Capital-linked funds raise holding in retailer Mobile World to 6.25%

Six funds related to Dragon Capital, one of major fund management companies in Vietnam, have bought in a combined 4.66 million shares of leading Vietnamese retailer Mobile World Investment Corporation.

Companies - Sun, April 28, 2024 | 4:24 pm GMT+7

Vietnam real estate market can flourish again with shift in focus: experts

Vietnam real estate market can flourish again with shift in focus: experts

New policies, low interest rates, and projects serving real housing needs can see Vietnam’s real estate market recover by the end of 2025 and grow sustainably, experts said.

Real Estate - Sun, April 28, 2024 | 2:50 pm GMT+7

Real estate giant DIC Corp notches biggest quarterly loss since listing

Real estate giant DIC Corp notches biggest quarterly loss since listing

Development Investment Construction JSC (DIC Corp), among Vietnam’s top real estate developers, incurred a loss of VND117.2 billion ($4.62 million) in the first quarter of this year, marking its largest quarterly loss since floating shares in 2009.

Companies - Sun, April 28, 2024 | 2:30 pm GMT+7