According to the Airports Corporation of Vietnam (ACV), work could begin for the Long Thanh International Airport project in 2020 and could be completed in 2025.
Vietnam’s civil airport operator ACV also stated it will work to complete business appraisals and feasibility reports for the country’s National Assembly next October 2019.
The new airport will be located 40 kilometers east of Ho Chi Minh City, and is expected to take up to 85% of the international flights operated to/from the current main airport for the Ho Chi Minh city area - Tan Son Nhat.
Tan Son Nhat currently welcomes 32 million passengers per year – well beyond its designed capacity of 25 million.
The first phase is expected to be completed in 2025 which will have a capacity of 25 million passengers. After two future phases that are scheduled to be built between the years 2030 and 2050, the airport will have a designed capacity of 100 million passengers. The first phase is estimated to cost VND114 trillion (USD $4.87 billion), and will be raised from public funds, a bond issue and private sources.