Vietnam Planning US$53 billion 30-year Airport Expansion

• 5 March 2021
• Construction Focus
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Vietnam is planning to raise approximately US$53 billion in an ambitious plan to expand its aviation capacity over the next 30 years, according to the Civil Aviation Authority of Vietnam (CAAV).

US$15.8 billion will be needed in the next 10 years for building and expanding airports across the country with a further US$37 billion between 2030 and 2050.

New constructions include the new Long Thanh International Airport in Ho Chi Minh City (US$5billion), Quang Tri in central Vietnam and Sapa airport in the north.

Facilities to be expanded include Tan Son Nhat in Ho Chi Minh (US$5 billion), Noi Bai in Hanoi (US$5 billion), Da Nang, and Cam Ranh in the south (US$5 billion).

To be feasible, the ambitious and costly plan will require a deft combination of government expenditure, public-private partnerships and private sector investment.

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