Vietnam Airports Corporation (ACV) has submitted a report to the Ministry of Construction outlining the implementation plan for Phase 2 of Long Thanh International Airport. This phase includes a new passenger terminal and supporting infrastructure, aiming to increase capacity to 50 million passengers per year and 1.5 million tons of cargo annually. The total investment is estimated at VND 80 trillion, with ACV proposing to fund the project using its own legal capital.
ACV has requested the Ministry of Construction to prioritize the construction of the third runway and auxiliary facilities. Once approved, ACV will review and integrate these components into the feasibility study report for Phase 2, which will then be submitted to the Minister of Construction for investment approval.
The third runway and auxiliary infrastructure project is estimated at VND 13 trillion. It encompasses a new runway, parallel taxiways, rapid exit taxiways, connecting taxiways to Phase 1 components, airfield equipment systems, signage, markings, and related technical infrastructure.
ACV has confirmed its ability to allocate funds for the third runway from its 2024 post-tax profits. The company plans to increase its charter capital through stock dividends in 2025. The remaining Phase 2 components will be financed through a combination of equity and loans.
As the current investor for Component 3—essential airport facilities operated by port investors—ACV is responsible for all airfield infrastructure and shared facilities at Long Thanh International Airport. Entrusting ACV with Phase 2 ensures cohesive investment, development, and airport operations.
Based on these considerations, ACV urges the Ministry of Construction to approve its proposal to lead Phase 2 as the primary investor. This phase includes an open-configuration third runway, a new passenger terminal, and synchronized facilities to meet the projected capacity of 50 million passengers and 1.5 million tons of cargo annually.
Previously, the Ministry of Construction submitted a proposal to the Government, requesting the National Assembly amend Clause 6 of Article 2 in Resolution 94/2015/QH13. This amendment would empower the Government to approve the Phase 2 feasibility study report without requiring National Assembly ratification.
According to the Phase 1 feasibility study, Phase 2 investment (third runway and second terminal) was initially scheduled for 2028–2032. However, given the projected double-digit GDP growth from 2026 and faster-than-anticipated passenger volume increases, the Ministry of Construction advocates for an earlier Phase 2 investment to meet the growing demands at Long Thanh Airport.
– 17:08 03/12/2025
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