A rendering of the Terminal 3 site

The latest plan suggests that the construction of the new terminal will be completed within 37 months.

According to ACV, the preparation work for the construction is basically completed and the investor is just waiting for the land handover. The Ministry of Defence has asked the prime minister to approve handing over 16 hectares of land in Tan Binh district – which is managed by this ministry – to serve for the construction.

At present, Ho Chi Minh City is waiting for opinions from the Ministry of Finance and then it will build a report to submit to the prime minister for approval.

The terminal has a designed capacity of 20 million passengers a year, which would help ease the overload at Terminal 1. It will also contribute to dealing with the traffic jams at the city’s gates, promoting economic and tourism development for Ho Chi Minh City and other parts of the southern region.

ACV is assigned to be the sole investor of the project, which has a total investment value of almost $478 million.

Previously, ACV pushed to kick off the construction of Terminal 3, to be completed within 24 months.