Vietnam's Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth USD 1.8 billion for the component project 3 of the Long Thanh international airport investment and construction project's Phase I invested by the Airports Corporation of Vietnam in Hanoi on June 1.
The Long Thanh International Airport project, slated for three phases of development with a total investment of VND336.63 trillion, necessitates swift resolution of site clearance issues to ensure timely project execution.
The investment project to build Long Thanh International Airport phase 1 (in Dong Nai province) is a project of special importance at the national level, important to the socio-economic development of Vietnam, with a total investment of more than VND 99 trillion, capacity of 25 million passengers / year and 1.2 million tons of cargo / year.
It is expected that after completing all phases, Long Thanh International Airport will reach a capacity of up to 100 million passengers / year and become the largest airport in Vietnam, aiming to become one of the international air transit centers of the region.
It is estimated that by 2030, Long Thanh Airport will contribute about 0.98% of Vietnam's GDP; creating 200,000 jobs.
This is the project with the largest amount of capital financing in the banking industry and also the first project to be arranged entirely with medium-long-term dollars from Vietnamese commercial banks with more competitive conditions than the investor of Airports Corporation of Vietnam to borrow capital directly from international financial institutions.
Speaking at the event, Prime Minister Pham Minh Chinh pointed out that the construction project of Long Thanh International Airport is a special level project, of strategic importance to the socio-economic development of the Southern Key Economic Region, as well as to the development of Vietnam's aviation industry and the country's socio-economy in the coming years.
On behalf of the Government, Prime Minister Pham Minh Chinh welcomed and praised the positive efforts of Vietcombank, Vietinbank, BIDV and the close monitoring and coordination of the State Bank of Vietnam, which quickly helped arrange a large amount of USD 1.8 billion in financing to promptly support the Investor of Airports Corporation of Vietnam to sign the contract construction contracts with contractors, meeting the project implementation schedule at the request and direction of the Prime Minister.
Prime Minister Pham Minh Chinh requested to continue to uphold the sense of responsibility, to accelerate the construction schedule, improve the quality of completion of works and items of Long Thanh International Airport Project, meet and exceed the set goals and targets.
Pham Minh Chinh also requested the Ministry of Transport, the State Bank, the Ministry of Finance, the Ministry of Planning and Investment, the Committee for State Capital Management at state-owned enterprises, relevant ministries and agencies to focus on implementing 5 important tasks in mobilizing resources for infrastructure development.
The Prime Minister believes that, with determination and innovation of relevant ministries, branches, agencies and localities, the construction and technical exploitation of the runway of Long Thanh International Airport will be completed before April 30, 2025.
This achievements will align the celebration of the 50th anniversary of the Liberation Day of the South, reunification of the country (30/4/1975 - 30/4/2025), proceeding to the first 6 months of 2026, focusing on completing and handing over and putting into operation the entire Long Thanh Airport project.
Appreciating the recent successful capital arrangement of 3 banks Vietcombank, Vietinbank and BIDV for the Long Thanh International Airport project, the Prime Minister believed that this would be a positive start, creating an important premise to encourage Vietnamese commercial banks to continue actively cooperating in large projects.
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