According to ACV, the company is currently the investor of Component Project 3—essential components within Long Thanh International Airport (LTIA) executed by the operator. ACV is also responsible for developing the entire airfield infrastructure and shared facilities for Phase 1 of Long Thanh Airport. Continuing as the investor for Phase 2 ensures continuity and synchronization in creating a green, smart, and 5-star international airport model, particularly in ICT integration between phases.
ACV has outlined a capital allocation plan for the new phase. For the third runway, the company plans to use post-tax profits from 2024 and stock dividends this year to increase its charter capital, enabling immediate implementation upon approval. Remaining Phase 2 components will be funded through existing capital and loans.
Current view of Long Thanh Airport. Photo: Duy Anh.
In its proposal to the Ministry of Construction, ACV requests pre-approval for the third runway and auxiliary works. Results will be integrated into the Phase 2 feasibility report for the Minister’s investment decision. Domestic contractors with sufficient capabilities will handle design, review, construction, and supervision for this phase.
Phase 2 of LTIA includes a new passenger terminal and integrated systems to increase capacity to 50 million passengers and 1.5 million tons of cargo annually. International contractors are expected to participate. ACV urges the Ministry of Construction to promptly approve the company as the sole investor for this phase.
Previously, the Ministry of Construction proposed to the Government and National Assembly to allow the Government to approve the Phase 2 feasibility report without parliamentary review, as previously required. The Ministry cited projected double-digit GDP growth from 2026, accelerating passenger traffic at airports, especially Long Thanh, beyond initial estimates. Thus, Phase 2 planning and investment should advance ahead of the 2028–2032 timeline in the Phase 1 report.
The Ministry also emphasized that immediate investment in the third runway would maximize on-site labor and machinery, reduce costs, expedite progress, and minimize operational disruptions once the airport opens. This aligns with Central Committee Resolution No. 199-KL/TW (October 10, 2025) and the Government Party Committee’s 2025–2030 Resolution.
ACV Proposes to Lead Phase 2 of Long Thanh Airport Project with Estimated Investment of VND 80,000 Billion
With Phase 1 construction accelerating and aviation demand soaring, Long Thanh Airport is gearing up for its next stage of development. ACV, the driving force behind this mega aviation project, has officially proposed continuing as the lead investor for Phase 2.
The Billion-Dollar Long Thanh Airport Terminal: A Preview Before Its Inaugural Flight
After two years of construction, the lotus-shaped terminal at Long Thanh Airport is beginning to take shape. Inside, essential equipment such as escalators and elevators are being installed at a rapid pace to ensure readiness for the first scheduled flight.
Ho Chi Minh City and Dong Nai Residents Rejoice: Groundbreaking 16.7 km Bridge and Road Project with Over 21 Trillion VND Investment by Masterise Set to Begin
The Ho Chi Minh City People’s Committee has directed the Department of Finance to collaborate with Masterise Group, reviewing and expediting preparatory processes to ensure the groundbreaking of the Phu My 2 Bridge by January 15, 2026.
$16 Billion Project Sets Record with 8 Prime Ministerial Visits in 3 Years: Racing to Complete the “Critical Link” in 20 Days
The Component 2 Project, encompassing facilities for air traffic management, stands as a pivotal element within Vietnam’s national aviation control system. As part of the Long Thanh International Airport development, it plays a critical role in enhancing operational efficiency and safety for the country’s airspace.
Long Thanh International Airport to Operate in Two Phases
Long Thà nh International Airport is set to commence operations in two distinct phases. The initial phase, slated for December 2025, will focus on technical flights to thoroughly test and evaluate the entire infrastructure before full-scale operations begin. The subsequent phase, starting in June 2026, will mark the official launch of commercial flights at Long Thà nh, ushering in a new era of air travel connectivity.
