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
PV Oil completes 81% of full-year profit target in Q1

PV Oil completes 81% of full-year profit target in Q1

PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.

Companies - Sat, May 2, 2026 | 8:17 am GMT+7

Major players eye Vietnam’s wastewater treatment market

Major players eye Vietnam’s wastewater treatment market

Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.

Companies - Sat, May 2, 2026 | 8:00 am GMT+7

Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot

Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot

A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.

Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7

Royal Shore Beachclub announces grand opening in Hoi An

Royal Shore Beachclub announces grand opening in Hoi An

Royal Capital Group on Thursday announced the grand opening of its newest beachfront destination, set along the pristine coastline of Hoi An.

Travel - Fri, May 1, 2026 | 6:48 pm GMT+7

Novaland posts Q1 profit of $33 mln, shares hit three-year high

Novaland posts Q1 profit of $33 mln, shares hit three-year high

Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.

Companies - Fri, May 1, 2026 | 3:09 pm GMT+7

Vinaconex, Vietjet have new CEOs

Vinaconex, Vietjet have new CEOs

Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.

Companies - Fri, May 1, 2026 | 2:41 pm GMT+7

Japanese retailer Aeon Mall to build another shopping center in northern Vietnam

Japanese retailer Aeon Mall to build another shopping center in northern Vietnam

Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.

Industries - Fri, May 1, 2026 | 10:59 am GMT+7

Hyosung Vina raises $7.6 mln in unsecured bond sale

Hyosung Vina raises $7.6 mln in unsecured bond sale

Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.

Companies - Fri, May 1, 2026 | 10:16 am GMT+7

Vietnam central bank to add new metrics to oversee banking activity

Vietnam central bank to add new metrics to oversee banking activity

The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.

Banking - Fri, May 1, 2026 | 8:00 am GMT+7

From national reunification to aspiration for an integrated development space

From national reunification to aspiration for an integrated development space

In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.

Economy - Thu, April 30, 2026 | 10:27 pm GMT+7

Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development

Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development

Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.

Companies - Thu, April 30, 2026 | 9:42 pm GMT+7

Vietnamese giants kick off 4 mega projects in HCMC

Vietnamese giants kick off 4 mega projects in HCMC

The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).

Economy - Thu, April 30, 2026 | 8:01 pm GMT+7

Vingroup starts work on $2.2 bln int'l university township in southern Vietnam

Vingroup starts work on $2.2 bln int'l university township in southern Vietnam

Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.

Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7

Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal

Chinese firm Livzon secures control of Vietnam’s pharma giant Imexpharm in $228 mln deal

Lian SGP Holding Pte. Ltd., a Singapore-based entity wholly owned by China’s Livzon Pharmaceutical Group Inc., has acquired a controlling stake in Vietnam’s pharma giant Imexpharm (HoSE: IMP) following a public tender offer.

Companies - Thu, April 30, 2026 | 12:22 pm GMT+7

Sun Group partners with Keppel to drive green transition across tourist places

Sun Group partners with Keppel to drive green transition across tourist places

Vietnam’s leading real estate developer Sun Group has signed a strategic partnership with Keppel EaaS Vietnam, part of Singapore’s Keppel Ltd., to accelerate energy optimization and decarbonization across its tourism destinations.

Real Estate - Thu, April 30, 2026 | 10:42 am GMT+7

'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM

'Shark Hung' unexpectedly resigns from real estate brokerage Cen Land ahead of AGM

Pham Thanh Hung, widely known as “Shark Hung”, has stepped down from the board of directors at Century Real Estate JSC (Cen Land) - a major Vietnamese real estate brokerage, citing "personal plans".

Companies - Thu, April 30, 2026 | 10:32 am GMT+7