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Vietnam Briefing is a magazine and daily news service about doing business in Vietnam. We cover topics relating to the Vietnamese economy, the market in Vietnam, foreign direct investment and Vietnamese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates

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Gov’t Approves Plans for Two New International Airports

Posted on November 17, 2010 by Vietnam Briefing

Nov. 17 – The Vietnamese government approved and outlined plans for two new international airports in a meeting chaired by Deputy Prime Minister Hoang Trung Hai on Monday – one in the southern province of Dong Nai and one in the northern port city of Haiphong.

Construction on Dong Nai’s Long Thanh International Airport has been structured into two phases with the first phase scheduled to be completed by 2020 and the second phase to be finished by 2035. The airport is projected to handle 3 million tons of cargo and between 80 million to 100 million passengers annually.

The total capital required for the construction of Long Thanh International Airport has been estimated at US$6.74 billion.

The new Tien Lang International Airport planned in Haiphong will replace Cat Bi Airport and will cover roughly 4,000 hectares in the city’s Tien Lang District. A projected completion date has not yet been set by the Ministry of Transportation.