The Airport Corporation (ACV) has secured a loan of 1.8 billion USD from three state-owned banks, including Vietcombank, VietinBank, and BIDV, for the construction of Long Thanh airport. The loan will be paid back over a period of 20 years and was approved by the ACV Board of Directors.
The collateral assets for this loan will be formed from the project and items that can be mortgaged, whether existing or to be formed in the future. The 1.8 billion USD loan will be used by ACV to invest in the component 3 project of the Long Thanh International Airport, which is part of phase 1 of the project. This component project includes essential works such as passenger terminals, taxiways, and aircraft aprons with a total investment of 99,000 billion VND.
Upon completion, Long Thanh Airport is expected to have a capacity of 100 million passengers and 5 million tons of cargo per year. The entire project is divided into three phases with a total investment of about 336,630 billion VND. Phase 1 alone requires an investment of over 114,000 billion VND and is projected to begin operations in the fourth quarter of 2026.
In the first three months of the year, ACV reported revenue of more than 5
