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Tag: Long Thanh airport

  • UK Plans $2.5 Billion Financing for Ho Chi Minh City Metro Extension

    UK Plans $2.5 Billion Financing for Ho Chi Minh City Metro Extension

    UK Export Finance, Britain’s export credit agency, is preparing up to $2.5 billion in financing to help Ho Chi Minh City extend its metro line to Long Thanh International Airport, according to reports in September 2026.

    The planned facility from UK Export Finance represents one of the largest single Western financial packages proposed for Vietnam’s urban rail network, targeting the transit corridor between the country’s main commercial centre and its upcoming aviation hub.

    Financing the Airport Corridor

    UK Export Finance structured the proposed package to back engineering, rolling stock and systems procurement as municipal planners push to connect the city center with Long Thanh. The greenfield airport in neighboring Dong Nai province needs mass transit links before opening commercial terminals to relieve congested Tan Son Nhat International Airport.

    Vietnam relies heavily on bilateral export credit agencies and official development assistance to build out urban rail. Ho Chi Minh City’s initial metro infrastructure experienced extended delays and budget adjustments, prompting authorities to look for structured export credit packages that tie financing directly to equipment delivery and construction milestones.

    Shifting Transit Real Estate Dynamics

    Securing rail access between central Ho Chi Minh City and Long Thanh changes commercial land economics across the southern economic corridor. Retail developers, logistics operators and hospitality groups have acquired land parcels around planned transit nodes, anticipating commuter volume shifts once the airport becomes operational.

    For international contractors and rail operators, the British financing framework opens direct procurement channels in a market historically dominated by Japanese, South Korean and European consortiums. The risk centers on local site clearance and rights-of-way handovers across provincial borders, which previously slowed rail integration projects across the metropolitan area.

    Broader National Transport Timelines

    The financing proposal emerges alongside an accelerated national infrastructure schedule. Vietnam set a target date of December 2027 to start construction on its multi-billion dollar north-south high-speed rail line, while provincial authorities fast-track supplementary feeder roads and freight connectors across southern industrial zones.

    Final credit terms and municipal approvals will determine when procurement tenders open for the Long Thanh airport rail route.

  • Vietnam’s Deputy PM wants Long Thanh airport construction to begin next year

    Vietnam’s Deputy PM wants Long Thanh airport construction to begin next year

    Construction of Long Thanh International Airport should begin next year with private funding prioritized, Deputy PM Trinh Dinh Dung has said. It has reached the highest level of priority since Saigon’s Tan Son Nhat has become overloaded, he said at a recent meeting. The deputy prime minister wanted the giant new airport in Dong Nai Province near HCMC to become an aviation hub for Southeast Asia.

    “If we get companies with deep pockets into the project, costs would surely be lower than using public funds or loans.”

    The Airports Corporation of Vietnam (ACV) recently proposed it should be the main investor.

    The ACV, which operates 21 airports in the country, said it could bring in the $1-1.5 billion needed for the first phase of the airport.

    It is currently working with the Ministry of Transport and Dong Nai authorities to acquire 1,800 hectares of land for the first phase.

    The ministry reported at the meeting that the consultancy consortium of the airport is now completing the preliminary design, which would be submitted next April.

    The ministry has instructed the consortium, JFV, to complete an environmental impact report by next month.

    JFV, comprising three Japanese, one French and two Vietnamese companies, will also need to submit a feasibility report for the airport by June.

    The Long Thanh International Airport, to be built in three phases over three decades, will become Vietnam’s largest airport.

    The first part is scheduled for completion in 2025 with a capacity of 25 million passengers a year. The next two phases will run from 2030 to 2035 and from 2040 to 2050.

    The total cost is estimated at $16 billion. Experts have warned that the cost could double every five years in case of delays.

    Once completed, the airport will have an annual capacity of 100 million passengers and five million tons of cargo.

    The tourism surge in Vietnam in recent years has resulted in a demand for upgrades to existing airports and construction of new ones.

    The country received 12.5 million air passengers last year, up 14.4 percent from 2017, according to the General Statistics Office.

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  • Vietnamese firm seeks main investor status in Long Thanh airport

    Vietnamese firm seeks main investor status in Long Thanh airport

    The Airports Corporation of Vietnam (ACV) desires to be the main investor in the Long Thanh International Airport. ACV, which operates 21 airports in the country, has proposed that it contributes more than a quarter of the $5.4 billion needed to build the new Long Thanh International Airport. Lai Xuan Thanh, chairman of ACV, said that the corporation is ready to contribute $1-1.5 billion needed for the first phase of the mega airport to be built in Dong Nai Province, neighboring HCMC.

    In a proposal to the Ministry of Transport, ACV has said that its initial contribution will be used for major components of the airport including the terminal, runways, parking lots and cargo areas, worth a total of $3.77 billion, according to the Vietnamese government’s website.

    The airport operator is currently working with the Ministry of Transport and Dong Nai authorities on acquiring about 1,800 hectares for the first phase of the airport.

    Most of the targeted area is now covered by plantations belonging to the Dong Nai Rubber Corporation where 200 families reside.

    The Ministry of Transport has asked the consultancy consortium of the airport, JFV, to finish an environmental impact report next month.

    The consortium, comprising of three Japanese, one French and two Vietnamese companies, will also need to submit the feasibility report for the airport by June.

    In turn, the ministry “will submit the feasibility report to the National Assembly in October. If it is approved, bidding will start in 2020 and construction in 2021,” Transport Minister Nguyen Van The told local media recently.

    The Long Thanh International Airport, to be built in three phases over three decades, is set to become Vietnam’s largest airport.

    The first part is scheduled for completion in 2025, when the new airport will be able to handle 25 million passengers a year. The next two phases will run from 2030 to 2035 and from 2040 to 2050.

    Experts have previously warned that the construction cost of the airport could double every five years.

    Lying 40 kilometers east of HCMC, the airport is expected to take up the overflow from the largest existing airport in the country, Tan Son Nhat International Airport.

    Once completed, Long Thanh International Airport will have an annual capacity of 100 million passengers and five million tons of cargo.

    The tourism surge of recent years in Vietnam has resulted in demands for an upgrade of existing airports and construction of new ones.

    The country welcomed 12.5 million air passengers last year, up 14.4 percent from 2017, according to the General Statistics Office.

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