return icon

PM okays airport investment report

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung on Wednesday approved an investment report on the construction of Long Thanh International Airport near HCM City.

VietNamNet Bridge – Prime Minister Nguyen Tan Dung on Wednesday approved an investment report on the construction of Long Thanh International Airport near HCM City.


The Government announced last Tuesday that it has approved the proposal to construct the Long Thanh International Airport in southern Dong Nai Province.— Photo baodautu




The report includes recommendations by the Ministry of Transport and the State Assessment Council on the project, which aims to develop Long Thanh in Dong Nai Province as a gateway to Viet Nam and a Southeast Asian aviation hub.

According to the report, the airport should also qualify for 4F classification by the International Civil Aviation Organisation.

Long Thanh International Airport is expected to handle 100 million passengers and 5 million tonnes of cargo per year by 2030.

During its first phase, ending in 2025, the 5,000ha airport is expected to handle 25 million passengers and 1.2 million tonnes.

Construction of this phase is estimated to cost VND164 trillion (US$7.84 billion).

Dung has also instructed Minister of Transport Dinh La Thang to report on the investment plan on behalf of the government to the National Assembly this month.

The house will make a decision on the airport, which is expected to ease the burden on Tan Son Nhat Aiport in HCM City.

Speaking at a meeting of the State Assessment Council on August 15, deputy chairman of the city People's Committee, Nguyen Huu Tin, had said the city's transport facilities would be overwhelmed by 2020 if Long Thanh Airport did not open by then and instead Tan Son Nhat's capacity was raised from the current 20 million passengers to 25 million.

So Long Thanh's opening by 2020 was imperative, he had said.

The council had voted to approve the report.

Long Thanh Airport is scheduled to open in 2020, according to Dong Nai authorities.

To be built in three phases, it is expected to be fully operational by 2035.

Construction is scheduled to begin next year.

To cost more than US$10 billion, Long Thanh is expected to become a competitive international airport and a key entry point to Southeast Asia.

Funding for the project will come from Government bonds, official development assistance, and private sources.





Central localities likely to be hit by typhoon Noru

AI integration the inevitable path ahead

Big Data and AI will be the optimal tools to run factories in the future and digital transition will help firms optimise costs and cut emissions.

Ministry to scrutinise VietGap certifications after fake labels found on vegetables

The Ministry of Agriculture and Rural Development is investigating reports of vegetables sold in supermarkets being marked with fake Vietnamese Good Agricultural Practices (VietGap) labels.

E-commerce sector in dire need of qualified candidates

The tight supply of qualified candidates in the labour market is a glaring issue facing e-commerce firms, according to insiders.

Unique green moss-covered homes of the Tay Con Linh mountain range

It is an ideal environment for plants to flourish and thrive, including thick green moss, which ethnic people use to cover the palm-leaf roofs of their homes.

Farmers save wild birds and the environment

Farmers in different provinces throughout Việt Nam have for years spent time and effort to save wild birds, giving them a home to nest and lay eggs.

Deputy PM highlights significance of int'l solidarity, cooperation at UN session

The strengthening of international solidarity and cooperation is key to addressing interlocking global challenges, affirmed Permanent Deputy PM Pham Binh Minh while addressing the general debate of the 77th Session of the UN General Assembly.

Huge potential for luxury real estate in Vietnam

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.


Action plan to promote green growth in agriculture

Vietnam’s economic growth counts on high-tech FDI

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

The “seven-star” islands in Quang Ninh

Along with crystal blue sea and beaches, the 7 Sao (seven star) islands also have caves and primeval forests.

Customs you only see in Vietnam

The travel site Culture Trip has listed a number of Vietnamese customs that often surprise foreign tourists:

Investors and buyers play waiting game in credit switch

The State Bank of Vietnam finally created extra credit room for some banks on September 7. However, the extension is deemed low and may not help real estate businesses and homebuyers access feasible capital sources for their projects.

Woodwork exports to EU, US drop as consumers cut spending

Many woodwork manufacturers complain that exports have been sliding as people in target markets have been tightening their purse strings.

Vietnam: new destination for multinationals to set up R&D centers

Vietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam.