Vietnam’s USD13 billion Long Thanh International Airport project is moving closer to completion, with most major construction expected to wrap up by the end of 2025. Commercial operations are targeted for 2026, positioning the facility to become the largest airport in the country.
The Government of Vietnam approved the project in 2020 to address severe overcapacity at Tan Son Nhat Airport in Ho Chi Minh City. Built on 5,000 hectares in Dong Nai province, Long Thanh will eventually handle up to 100 million passengers annually. Development is phased, with the first stage designed for 25 million passengers at a cost of USD4.6 billion.
Despite delays caused by the pandemic, land acquisition challenges, and contract bidding setbacks, the Airports Corporation of Vietnam (ACV) has accelerated progress. A consortium led by a Turkish firm, along with state-owned and private Vietnamese partners, is constructing the main passenger terminal under a USD1.5 billion contract. ACV has been financing much of the work through reserves and profits, while also securing a USD1.8 billion domestic credit line.
Connectivity remains a challenge, as Long Thanh is 40 km from Ho Chi Minh City and is currently only linked by expressway. Rail connections have been proposed but face uncertain timelines.
The project reflects Vietnam’s evolving approach to infrastructure development: leveraging both state and private sector resources, financing major works domestically, and learning to navigate land and governance constraints. Once operational, Long Thanh will significantly enhance the country’s aviation capacity and regional competitiveness.
