Incheon International Airport expands operation to Vietnam
The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam's new Long Thanh International Airport.
Seoul (VNA) – The Incheon International Airport Corporation announced on August 8 that it has been selected as a prioritised contractor for the project on consulting services for operation of Vietnam's new Long Thanh International Airport.
Long Thanh, located in the southern province of Dong Nai, is expected to help reduce congestion at the overloaded Tan Son Nhat International Airport in Ho Chi Minh City – Vietnam’s largest economic hub. It is designed to be developed in three phases from 2026 to 2050 at a cost of 18.3 trillion KRW (13.3 billion USD) to serve 100 million passengers and 5 million tonnes of cargo.
The corporation has formed a joint venture with PMI, a Vietnamese partner company that is carrying out the basic design of the airport's passenger terminal. It has led overall in technology and cost evaluation, surpassing other international airport operators such as France's ADP and Germany's Fraport.
If the contract is signed, the Korean firm will provide consulting services to support the successful launch of Long Thanh airport. This includes drafting airport operation concepts, developing commercial strategies, and delivering consultations on trial operation. The project is set to be completed within 24 months from the contract signing date, with a value of approximately 11 billion KRW (8.06 million USD).
Incheon International Airport Corporation President and CEO Lee Hag-jae stated that by signing this project with Vietnam, the corporation will establish a new base for its overseas business in Southeast Asia, following Batam Airport in Indonesia and Manila Airport in the Philippines.
It aims to operate more than 10 airports abroad by 2040 to realise its strategy of expanding internat🍬ional business and becoming a global airport specialist./.
The Ministry of Transport has proposed the Prime Minister that the State-owned Airports Corporation of Vietnam (ACV) be in charge of drawing up plans for the next phase of the Long Thanh International Airport project.
Prime Minister Pham Minh Chinh attended the signing ceremony of a credit contract worth 1.8 billion USD 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 (ACV) in Hanoi on June 1.
Human resources for the operation of Long Thanh International Airport in the southern province of Dong Nai will be well prepared under a strategic cooperation agreement signed on May 27 by the Airports Corporation of Vietnam (ACV), the Sai Gon Ground Services (SAGS), and Lilama 2 International Technology College (Lilama 2).
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