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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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28.9 C
Ho Chi Minh City
Tuesday, May 20, 2025

Investor selection urged for Long Thanh airport’s component 4

The Saigon Times

Must read

HCMC – Deputy Prime Minister Tran Hong Ha has directed the Ministry of Transport to expedite the investor selection process for component 4 of the Long Thanh International Airport project in Dong Nai Province.

Component 4 consists of freight terminal, aviation logistics section, aircraft maintenance section, catering service, and operational centers of air carriers.

The Long Thanh airport project has four components. ACV has been assigned to develop the passenger terminal and runway under component 3, while Vietnam Air Traffic Management Corporation (VATM) is in charge of component 2, which includes the air control tower and aircraft operation facilities.

In his directive to the Ministry of Transport, Deputy PM Ha emphasized the importance of adhering to orders and procedures for contractor selection.

The investor selection process for component 4 has grappled with delays.

Covering 5,000 hectares, the Long Thanh International Airport project requires a total of VND336,630 billion for three phases of development. The first phase, set to be completed in 2026, will be able to handle 25 million passengers and accommodate 1.2 million tons of cargo annually.

Upon completion of the entire project, Long Thanh will have four runways, four passenger terminals, and auxiliary facilities, increasing its handling capacity to 100 million passengers and five million tons of cargo per year.

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