The Board of Directors of Coteccons Construction Joint Stock Company (HoSE: CTD) has approved a resolution to sign contracts with a joint venture general contractor to execute critical packages and bids for the Gia Binh International Airport project.
Gia Binh International Airport is a nationally significant project, spanning over 1,900 hectares, surpassing Noi Bai Airport (1,500 hectares) as the largest airport in Northern Vietnam. The project is located in Gia Binh, Luong Tai, Lam Thao, and Nhan Thang communes in Bac Ninh province.
The total investment for the project is expected to exceed VND 196 trillion across two phases, with Phase 1 alone requiring over VND 141 trillion.
Designed to meet 4F standards, the airport will handle 30 million passengers and 1.6 million tons of cargo by 2030, increasing to 50 million passengers and 2.5 million tons of cargo annually by 2050. The government aims to rank it among the top 10 five-star airports globally according to Skytrax, positioning it as the Northern gateway and a regional aviation hub for Asia-Pacific.
The project is expected to drive growth in Eastern Hanoi, meet the rising aviation demands of the Northern Key Economic Region, and alleviate pressure on the overburdened Noi Bai Airport. Gia Binh Airport is also slated to support infrastructure for the 2027 APEC Summit.
Previously, Masterise’s EIA report confirmed its role as the project investor. Key consultants include ADCC (project advisor), IES Environmental Institute, and specialized aviation units. ADCC also sponsored the project’s planning.
Gia Binh Airport spans over 1,900 hectares with a projected investment of over VND 196 trillion.
On December 5, 2025, Coteccons also adjusted its 2025 public bond issuance prospectus.
According to CTD, these adjustments ensure compliance with legal standards, enhance transparency, and align with risk management practices, facilitating the upcoming bond issuance.
On October 13, 2025, the company submitted its bond issuance application to the State Securities Commission. Coteccons plans to issue 14 million bonds at VND 100,000 each, with a 3-year term and a fixed 9% annual interest rate. These non-convertible, unsecured bonds offer equal repayment priority.
Interest will be paid semi-annually, with principal repaid at maturity or upon early redemption. Both the issuer and investors can request buybacks after 12 or 24 months.
This move strengthens Coteccons’ financial position, enabling participation in major infrastructure projects, notably Gia Binh Airport.
Gia Bình International Airport Construction: Coteccons Joins the Project
The Coteccons Board of Directors has approved the signing of contracts with a joint venture of general contractors to participate in the construction of critical components of the Gia Binh International Airport project, valued at over 196.3 trillion VND in Bac Ninh.
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