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Vietnam municipality plans airport links to boost investment

Created at 14 Jul · 1:36 AM1 source↑ Market-relevant
IN SHORT

Dong Nai, Vietnam's largest municipality by area, is leveraging its proximity to the new Long Thanh International Airport to attract foreign direct investment. The government aims to complete phase 1 of the airport project by 2025 for commercial operations in early 2026.

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Key Numbers

$14.12 billionLong Thanh International Airport project cost
August 2025Target completion for airport's main route
November 2025Target completion for passenger terminal roof
December 2025Target completion for office buildings and Runway No. 1
September 30, 2025Target completion for air traffic control tower
First half of 2026Anticipated commercial operations start

Who's Involved

Dong Nai
Vietnam's largest municipality by area, seeking FDI
Ministry of Construction
Requested completion of airport's main route by August 2025
Airports Corporation of Vietnam (ACV)
Developer of Runway No. 3 and coordinating material supply
Vietnam Air Traffic Management Corporation (VATM)
Tasked with timely completion of air traffic management equipment
Vietnam municipality plans airport links to boost investment

↳ Why This Matters

The development of Long Thanh International Airport and its associated infrastructure is a key component of Vietnam's strategy to enhance its transportation network and attract foreign investment, positioning Dong Nai as a significant economic hub in southern Vietnam.

Key facts

  • Dong Nai province is leveraging its proximity to the new Long Thanh International Airport to attract foreign direct investment.
  • The Ministry of Construction has urged investors to complete the main route of the airport by August 2025.
  • Phase 1 of the $14.12 billion Long Thanh International Airport project is slated for completion in 2025.
  • Commercial operations for the airport are anticipated in the first half of 2026.
  • Key components, including the passenger terminal and air traffic control tower, are nearing completion.

Dong Nai, Vietnam's largest municipality by area and home to the under-construction Long Thanh International Airport, is actively seeking to attract foreign direct investment. The province aims to leverage its strategic location and the airport's development to boost economic growth, aligning with the central government's administrative reform initiatives.

The Ministry of Construction has urged investors to expedite the completion of the airport's main route by August 2025. This deadline is crucial for facilitating trial operations of the passenger terminal and other components. Phase 1 of the $14.12 billion project is targeted for substantial completion in 2025, with commercial operations expected in the first half of 2026.

Progress is being made across various components. The air traffic control tower is nearing completion, and other air traffic management facilities are expected to be operational by August 2025. Runway No. 1 is slated for finalization by December 2025, while Runway No. 3 construction is also underway with a December 2025 completion target. The passenger terminal has seen significant progress, with reinforced concrete structures finished and steel structures and facade work nearing completion.

To ensure timely progress, the Ministry of Construction has directed contractors to mobilize additional resources and has asked ACV to coordinate with the Dong Nai provincial People’s Committee to expedite the supply of necessary materials, such as stone, for the project.

Frequently asked questions

Long Thanh International Airport is located in Dong Nai province, which is adjacent to Ho Chi Minh City in southern Vietnam.

The total cost for phase 1 of the project is estimated at $14.12 billion.

Phase 1 of the airport is expected to be substantially completed in 2025, with commercial operations anticipated in the first half of 2026.

Dong Nai province aims to leverage its new status and the airport's development to attract more foreign direct investment and boost its economy.

What Happens Next

01Complete the main route of Long Thanh International Airport by August 2025.
02Complete office buildings for state management agencies by December 2025.
03Complete air traffic control tower by September 30, 2025.
04Finalize Runway No. 1 by December 2025.
05Complete Runway No. 3 by December 2025.
06Complete passenger terminal roof and facade by November 30, 2025.
07Begin commercial operations in the first half of 2026.

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Cadence

How It Developed

Dong Nai province is working to attract foreign direct investment by leveraging its status and the new Long Thanh International Airport.
The Ministry of Construction has requested investors to complete the main route of Long Thanh International Airport by August 2025.
Phase 1 of the $14.12 billion project is targeted for substantial completion in 2025 and commercial operations in the first half of 2026.
Component Project 1, including office buildings for state agencies, is expected to be completed by December 2025.
Component Project 2, air traffic management facilities, is being accelerated with the control tower nearing completion.
Other air traffic management components are expected to be operational by August 2025.
Package 4.6 (Runway No. 1) is expected to be finalized by December 2025.
Runway No. 3 construction is underway with completion set for December 2025.

Sources

T1
Vietnam's biggest municipality plans airport links in push for investmentNikkei Asia
T2
Vietnam's biggest airport project 'races to the finish line'theinvestor.vn

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