WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / On-going projects
ACV needs US$2.4 billion to upgrade 15 key airports
Tuyet Nhung 11:04, 2018/08/30
Airports Corporation of Vietnam (ACV) has submitted to the Ministry of Transport an investment plan to upgrade airports for the period 2018 - 2021 with the vision to 2025.
ACV will invest VND56.7 trillion (US$2.4 billion) to upgrade 15 key airports across Vietnam by 2025, the Giao Thong newspaper cited Chairman of the Board of ACV Le Xuan Thanh as saying.

The airports include Tan Son Nhat, Noi Bai, Da Nang, Chu Lai, Phu Bai, Cat Bi, Phu Quoc, Cam Ranh, Vinh, Lien Khuong, Tuy Hoa, Con Dao and Dong Hoi

 
ACV invest US$2.4 billion to upgrade 15 key airports.
ACV invest US$2.4 billion to upgrade 15 key airports.
According to the plan, ACV will build Long Thanh International Airport, which will be around 40 kilometers from Ho Chi Minh City, in the first phase. In addition, ACV also has an investment project on the construction of three new airports including Dien Bien, Na San and Lao Cai in the North.
The first phase of Long Thanh International Airport project is calculated to cost some VND92.1 trillion (US$4 billion) and is scheduled for completion by 2025. The construction project includes one runway, one passenger terminal and other supporting facilities.
Earlier, ACV announced Vietnam needs VND116 trillion (US$98.4 billion) for building and upgrading three major airports including Long Thanh, Noi Bai and Tan Son Nhat as per its investment plan for the period 2018 – 2021 with the vision to 2025.
According to ACV, the upgrade of airports aims to meet increasing travel demand. As per ACV, Vietnamese airports will serve 137 million travelers per year by 2021, and the figure will rise to 185 million a year by 2025.
Vietnam welcomed some 10.4 million foreign visitors in the first eight months of 2018, a 22.8% increase from the same period last year, the General Statistics Office (GSO) has announced.
Arrivals by air, road, and sea in the reviewed period recorded annual increases of 17.3%, 62.1% and 1.6%, respectively while growth was also seen in the numbers of visitors from all five continents.
Other news
22:24, 2024/04/22
Vietnam starts construction of US$432 million expressway to China
The expressway will stimulate socio-economic development in four major economic zones in Vietnam: the northern, central, southern, and Mekong Delta regions.
20:05, 2023/09/13
KOICA launches new training program for Vietnamese journalists
The program is well designed and attached to new trends in South Korea and the world, which can be applied in Vietnam.
17:55, 2023/03/27
UK-funded CFA to support nine low-carbon projects in Vietnam
The CFA is part of the UK Government's efforts to help Vietnam meet the commitments made by Prime Minister Pham Minh Chinh at COP26 in Glasgow in 2021.
16:17, 2022/03/10
Hanoi’s latest proposal on Ring road No.4 project to save US$380 million
The project, estimated to be around VND87.1 trillion (US$3.81 billion), would be divided into seven sub-components and carried out under the combination of private-public partnership (PPP) and public investment mechanisms.
18:30, 2022/02/10
Construction of $120-million compostable resin factory kicks off in Hai Phong
The project, invested by An Phat Holdings, is considered the largest green materials factory in Southeast Asia.
16:51, 2022/02/06
Construction of Long Thanh International Airport must be accelerated: Prime Minister
With such sluggish construction progress, Long Thanh International Airport may not be able to become operational by 2025 as planned.