The Airports Corporation of Vietnam (ACV) has submitted a proposal to the Ministry of Construction seeking approval in principle for investment in phase two of the Long Thanh International Airport project.
Under the proposal, phase two will involve building an additional passenger terminal and associated infrastructure, raising the airport’s annual capacity to 50 million passengers and 1.5 million tons of cargo.
The investment capital is estimated at VND80 trillion ($3.1 billion), to be funded entirely from ACV’s own capital.
According to the feasibility study for phase one, research and investment preparation for phase two had originally been planned for the 2028–2030 period.
However, with national GDP forecast to grow at double-digit rates from 2026, and passenger volumes at airports nationwide projected to rise faster than earlier estimates, the Ministry of Construction believes investment studies for phase two should be initiated ahead of schedule.
Google translate