The Airports Corporation of Vietnam (ACV) plans to start work on the first detail of the Long Thanh International Airport project in the southern province of Dong Nai on January 5.

Vietnam is set to be home to 26 airports by 2030, 14 of which will be international, according to a draft master plan on the development of the national airport network to 2030 and vision to 2050 from the Civil Aviation Administration of Vietnam (CAAV).

Prime Minister Nguyen Xuan Phuc has approved a proposal from the Ministry of Planning and Investment to add three industrial parks (IPs) in southern Dong Nai province to the national planning for IP development towards 2020.

Multinationals are looking to set up their bases in Vietnam despite various challenges that the country poses as a manufacturing destination, according to the Financial Times in the UK.

The Ministry of Transport (MoT) will move forward with major transport projects such as the North-South Expressway and the Long Thanh International Airport in the time ahead, a conference on December 24 heard.

The Airports Corporation of Vietnam (ACV) will invest over VND99 trillion (US$4.3 billion) in the third component project of the first stage of the Long Thanh international airport in the southern province of Dong Nai.

Weak regional connectivity across land, air and sea has hampered the growth of the southeastern region of Vietnam. Economists believe for the region to develop, it needs to change its mind set and strategy.

Construction of the proposed Long Thanh international airport in the southern province of Dong Nai is expected to start next month as promised by the State-owned Airports Corporation of Vietnam (ACV), the airport’s main developer.

VOV.VN - The government has approved the first phase of the Long Thanh International Airport construction project worth more than VND109 trillion, equivalent to over US$4.6 billion.

Investment capital for the first phase of the construction of Long Thanh International Airport in the southern province of Dong Nai was high compared to other international airports, said the State Appraisal Council.