CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

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 / News
Proposal to expand the Noi Bai International Terminal
Nguyen Tung 18:40, 2017/12/16
According to Airports Corporation of Vietnam (ACV), with current passenger growth rate, the capacity for air transport will exceed the original handling capacity in the next 3 years. Therefore, in the near future, it is necessary for the Noi Bai International Terminal to be upgraded to avoid the overloaded capacity similar to what is happening in Tan Son Nhat International Airport.
With this being said, ACV has proposed to the Ministry of Transport using the remaining Official Development Assistance (ODA) from the project of constructing the Noi Bai International Terminal to build additional aircraft stands and the expansion to accommodate the rapidly increasing demand for air travels.
 
nternational passenger terminal (Terminal T2) covers an area of 139,216 square meters, with the handling capacity of 10 million passengers a year, which can be expanded to 15 million passengers per year.
International passenger terminal (Terminal T2) is designed to have handling capacity of 10 million passengers a year, which can be expanded to 15 million passengers per year.
According to ACV, Terminal 2 Construction Project in Noi Bai International Airport financed by the ODA of 59.2 billion Yen (nearly 12 trillion VND) and the counter part fund from the government of more than 6 trillion VND, which has been put into operation since the end of December 2014. 

According to the design, International passenger terminal (Terminal T2) covers an area of 139,216 square meters, with the handling capacity of 10 million passengers a year, which can be expanded to 15 million passengers per year. In 2016, Noi Bai international terminal has served more than 21 million passengers and 140,000 flights, as the average growth rate of nearly 20% per year compared to the last year. 

With such high annual growth rate, the capacity for air transport will exceed the original handling capacity in the next 3 years, and the number of passengers has exceeded estimation 11 years earlier. Total number of flights also exceeded the estimation 10 years earlier and the cargo handling exceeded the estimation 17 years earlier. Therefore, in the near future, it is necessary for the Noi Bai International Terminal to be upgraded to avoid the overloaded capacity similar to what is happening in Tan Son Nhat International Airport.

Statistics from ACV showed that the remaining ODA fund after completing theh construction of Noibai International Terminal is 3.74 billion Yen (equivalent to 740 billion VND) and an undisbursed fund of 5 billion Yen (nearly 1 trillion VND) according to the Financing Agreement. Therefore, the remaining fund of 3.74 billion Yen can be utilized to construct the expansion project in phase 2 (including consulting fee, supervision fee and the construction fee) and the expansion of the main area of Terminal 2. 

Specifically, the expansion of Terminal 2 will have an estimation of 480 million Yen (equivalent to 96 billion VND) in a period of 12 months; in which, the fee for work items of research, design and survey are 320 million Yen (64 billion VND), and the construction fee is 2.3 billion Yen (460 billion VND) in 24 months. As such, the construction of aircraft stands and the expansion of Terminal 2 will need an investment of 3.1 billion Yen (620 billion VND). 

The expansion of Terminal 2 is within the scope of the project, which does not include counter part fund for site clearance activity. According to the master plan of Hanoi transportation by 2030, and vision to 2050, by 2020, Hanoi International Airport will handle 20 – 25 million passengers and more than 260,000 tons of cargos per year. By 2030, the airport can handle 35 million passengers per year and after that is 50 million passengers per year, with 500,000 tons of cargos per year. 
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.