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Bloomberg Markets••3 min read

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Long Thanh Airport Faces Delays, Government Orders 24/7 Work

Vietnam's ambitious Long Thanh International Airport project is currently facing substantial hurdles that jeopardize its targeted December opening date. In response to these challenges, the Vietnamese government has mandated that construction efforts proceed on a 24-hour, seven-day-a-week schedule in an urgent bid to accelerate progress and meet the critical deadline. The airport, intended to become a major aviation hub in Southeast Asia, is located in Dong Nai Province, approximately 40 kilometers northeast of Ho Chi Minh City. The project is being developed in three phases, with the first phase aiming to accommodate 25 million passengers annually and handle 1.2 million tons of cargo per year. The total investment for the entire project is estimated to be around $16 billion USD. The current delays are reportedly stemming from issues related to land acquisition, the procurement of construction materials, and the coordination of multiple contractors involved in the vast undertaking. The government's directive for round-the-clock construction underscores the high priority placed on the airport's timely completion, which is seen as crucial for boosting Vietnam's tourism and trade sectors. Long Thanh International Airport is designed to replace Tan Son Nhat International Airport in Ho Chi Minh City, which has been operating beyond its capacity for years. The new airport's strategic location and modern facilities are expected to significantly enhance air travel connectivity for Vietnam and the wider region. The government has emphasized that all relevant ministries and local authorities must collaborate closely to remove any obstacles hindering the construction process. This includes ensuring the smooth supply of necessary materials and equipment, as well as addressing any labor-related issues that might arise from the intensified work schedule. The success of this accelerated construction plan will be critical in determining whether the airport can indeed open its doors by the end of the year, a timeline that now appears increasingly challenging. The project's completion is vital for Vietnam's economic development strategy, aiming to attract more foreign investment and facilitate international business. Failure to meet the deadline could result in significant economic repercussions and a delay in realizing the airport's full potential as a regional gateway. The government's firm stance on continuous construction signals a strong commitment to overcoming the present difficulties and achieving the project's ambitious goals, despite the formidable obstacles.

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