The Ministry of Construction has issued Decision No. 26/QĐ-BXD dated January 9, 2026, appointing Airports Corporation of Vietnam (ACV) as the investor for Phase 2 of the Long Thanh International Airport project.
Long Thanh International Airport Project
According to this decision, ACV will serve as the investor for Phase 2 of the Long Thanh International Airport project (excluding technical infrastructure works for flight operations, which will be assigned to the Vietnam Air Traffic Management Corporation). The Ministry of Construction has tasked ACV with preparing the feasibility study report for Phase 2, including the possibility of phased investment in works to meet operational demands.
The Ministry of Construction requires ACV to allocate sufficient capital for the implementation of Phase 2 works, ensuring quality, progress, and investment efficiency, while preserving and growing state capital within the enterprise. ACV is to closely coordinate with the Vietnam Air Traffic Management Corporation during the preparation and investment of Phase 2 works.
The Long Thanh International Airport project is divided into three phases. Phase 1 involves the construction of two runways in the north and one passenger terminal, along with auxiliary facilities, to handle 25 million passengers and 1.2 million tons of cargo annually, with completion and operation by December 31, 2026 at the latest.
Phase 2 includes the construction of an additional open-configuration runway and a passenger terminal to increase capacity to 50 million passengers and 1.5 million tons of cargo annually. Phase 3 will complete all project components to achieve a capacity of 100 million passengers and 5 million tons of cargo annually.
According to a government report in December 2026, component project investors are expediting implementation to complete and synchronously operate Phase 1 of the Long Thanh International Airport as required by the National Assembly.
Based on transport demand forecasts, the feasibility study report for Phase 1 anticipated the study and investment for Phase 2 (including the third runway and second passenger terminal) from 2028 to 2032. However, with the projected double-digit GDP growth from 2026, passenger volumes at airports in general, and Long Thanh International Airport in particular, are expected to rise faster than previously forecast. Therefore, Phase 2 investment should be initiated earlier than planned.
Additionally, investing in the third runway under Phase 2 now will leverage existing labor, machinery, and equipment from current contractors, saving time, costs, and shortening construction timelines while enhancing investment efficiency. This approach also minimizes disruptions such as dust and noise during airport operations.
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Recently, Vietnam Airports Corporation (UPCoM: ACV) announced that the Ministry of Construction issued Decision No. 26/QĐ-BXD on January 9, 2026, designating ACV as the lead investor for Phase 2 of the Long Thanh International Airport Project.
