State-owned banks to provide US$1.8-billion loan for Long Thanh Airport project
Once completed, the Long Thanh Airport is expected to help Vietnam become a leading hub for air transport and logistics in Southeast Asia and the world.
Once completed, the Long Thanh Airport is expected to help Vietnam become a leading hub for air transport and logistics in Southeast Asia and the world.
The new airport is part of a master planning on airports in the 2021-2030 period, with a vision to 2050, proposed by the Ministry of Transport.
Long Thanh International Airport would undergo a testing period in the second quarter of 2025.
The Ministry of Transport would review this loan and report to the government.
More relief measures are in the pipeline to support people and businesses affected by the pandemic.
The investment would be a long-term one as profit is not expected in a short period of time.
To lure more foreign investment in infrastructure, Vietnam needs to have a clear public-private partnership (PPP) framework.