In the first three months of the year, Airport Corporation (ACV) reported revenue of more than 5,660 billion VND and a profit of over 2,920 billion VND. These impressive numbers are due in part to ACV’s recent securing of a loan of 1.8 billion USD from three state-owned banks for the construction of Long Thanh airport. The loan will be paid back over a period of 20 years and was approved by the ACV Board of Directors.
The collateral assets for this loan will be assets formed from the project and items that can be mortgaged, whether existing or to be formed in the future. Vietcombank will serve as the focal bank and agent for managing the loan’s collateral assets, while VietinBank and BIDV will provide lending and financing capital.
Long Thanh Airport is expected to have a capacity of 100 million passengers and 5 million tons of cargo per year upon completion. The entire project is divided into three phases with a total investment of about 336,630 billion VND. Phase 1 alone requires an investment of over 114,000 billion VND and is projected to begin operations in the fourth quarter of 2026.
Upon completion, Long Thanh Airport will be a major hub for international travelers in Southeast Asia, providing much-needed infrastructure for Vietnam’s rapidly growing tourism industry. This component project includes essential works such as passenger terminals, taxiways, and aircraft aprons with a total investment of 99,000 billion VND.
For more information on this exciting development and how it may impact Vietnam’s economy in the future, visit our website links provided below.
