Log in
Business

Vietnamese Gov’t eyes construction of Tan Son Nhat Airport’s new terminal in Q3

The investment capital for the new terminal is estimated at VND11 trillion (US$470 million) for a capacity of 20 million passengers per year.

The Government targets to complete the investment procedures and start construction of the new terminal T3 at the Tan Son Nhat International Airport in the third quarter of 2022.

 Prime Minister Pham Minh Chinh (mid) during the visit. Source: VGP

Prime Minister Pham Minh Chinh stressed the view in a visit to the airport ơn July 9.

In the past years, Tan Son Nhat Airport has been struggling with the rising number of passengers, which is estimated to be more than double its current capacity.

The situation leads to frequent overload and traffic congestion at the airport.

In 2020, the Government issued a decision to expand the airport’s capacity by constructing a new terminal.

Under the plan, the investment capital is estimated at VND11 trillion (US$470 million) for a capacity of 20 million passengers per year, with the state-owned Airports Corporation of Vietnam (ACV) as an investor. The construction period of the new terminal would be around 37 months.

To date, the preparation process has been completed, including the drafting of a feasibility study, technical design, financial estimate, and the removal of unexploded ordinance, but problems still remained including the delay of the site clearance and the adjustment of the land use planning.

At the airport, Prime Minister Chinh urged local authorities to focus on addressing the remaining issues and fully resolving the congestion  at Tan Son Nhat Airport.

According to Chinh, the expansion of the airport is necessary to avoid public frustration, especially as socio-economic activities have intensified in the post-pandemic period.

Chinh assigned Deputy Prime Minister Le Van Thanh to be in charge of the project implementation, with the Ministry of Transport serving as the coordinator.

The Ministry of National Defence is responsible for handing over the clear site to contractors in July; the Ho Chi Minh City People’s Committee is tasked with finalizing the planning process for the airport and surrounding areas.

“All administrative procedures should be accelerated for the national interest and the benefit of the people,” Chinh said, calling for authorities to ensure no corruption or irregularities during the construction process.

Reactions:
Share:
Trending
Most Viewed
Related news
Hanoi pushes SME–large enterprise linkages to drive sustainable supply chain growth

Hanoi pushes SME–large enterprise linkages to drive sustainable supply chain growth

Experts have said that the city can strengthen its competitiveness by deepening cooperation among the Government, large enterprises, and small businesses, especially through more effective supply-chain linkages.

Hanoi’s Hi-tech & Industrial Parks: achievements and outlook

Hanoi’s Hi-tech & Industrial Parks: achievements and outlook

Hanoi’s hi-tech and industrial parks are emerging as key drivers of the capital’s economic transformation, attracting high-value investment, advancing innovation and strengthening supply chains as the city sets its sights on becoming a leading regional technology and manufacturing hub.

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honors 50 transparent listed companies as stock market reaches new milestones

Vietnam honored 50 listed companies for excellence in transparency at the 2025 Vietnam Listed Company Awards, which spotlighted standout annual reports, corporate governance and sustainability disclosures amid rising foreign investor interest and growing alignment with international reporting standards.

Vietnam to tighten biometric authentication for new bank cards next year

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.