The Government of Vietnam requires approximately USD18 billion to upgrade existing airports by 2030. The figure has been released in the Ministry of Transport’s (MoT) master plan for the country’s airport network expansion plans between 2021 to 2030, as well as future plans by 2050. The Airports Corporation of Vietnam (ACV) estimates that USD5 billion in investment will be required between 2021 and 2025. The organisation also intends to expand and build airports in rural, hilly, and island locations.
Vietnam has two major international airports- Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in Ho Chi Minh City. A third international airport called the Long Thanh international airport is currently under construction in the Dong Nai province in south Vietnam.
In addition to these three airports, the master plan calls to upgrade 19 additional airports around the nation and the construction of six new airports during the next ten years, for a total of 28 airports. By 2050, one additional airport will be developed, bringing the total number of international and domestic airports to 14. For the construction of the new airports, public-private partnerships (PPPs) will be favoured.