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Construction of the first detail of Long Thanh International Airport started on January 5. The airport will be built in three phases over three decades, and is expected to become the country’s largest airport. In the first phase, one runway with a length of 4,000m, taxiways, an apron, and a passenger terminal with other auxiliary works sprawling 373,000 sq.m will be built to serve 25 million passengers and 1.2 million tonnes of cargo each year. The airport is designed to have four runways, four passenger terminals, and other auxiliary facilities to ensure a capacity of 100 million passengers and 5 million tonnes of cargo a year by 2040. Covering a total area of more than 5,580ha, the airport will straddle six communes in Long Thanh district. It is expected to cost 336.63 trillion VND (14.5 billion USD), with the first phase needing over 109 trillion VND. Around 4,800 households and 26 organisations are expected to be relocated to make way for it. Located 40km to the east … [Read more...] about Routes leading to Long Thanh airport to be built

“Generally, all foreign investors regardless of corporate or financial investors look for the same thing: supporting their investee to grow, adding value and synergies to their portfolio of investments, and strengthening and generating financial returns,” he said. “For most Thai buyers, our general observation is that they do understand the general business practices in an emerging country like Vietnam, as most of their countries underwent the same business trajectory before.” … [Read more...] about Long-term development commitments realised through strategic M&A moves

Veterans at the meeting In her remarks, Ms. Ngo Thi Tuyet, Chairwoman of the association, held that since its establishment seven years ago, the association has actively conducted social activities, supporting its needy members. These social activities include building gratitude houses for seven members in housing difficulty and presenting more than 500 gifts to local martyrs’ relatives, wounded soldiers, and poor people. … [Read more...] about Gathering marks anniversary of Truong Son – Ho Chi Minh Trail

The Taiwanese electronics contract manufacturer has so far invested $1.5 billion in Vietnam and created jobs for more than 35,000 workers and the company, formally known as the Hon Hai Precision Industry Co., plans to raise its investment by $700 million and recruit 10,000 more local workers this year, the government said. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant

Dozen thousands of online businesses have yet to fulfil their tax obligation As of the end of 2020, about 15,000 YouTube channels in Vietnam have earned advertising revenue. However, only 30 per cent of them (about 5,000 units) have been paying tax, following the latest data published by the Ministry of Information and Communications (MIC). … [Read more...] about General Department of Taxation accelerates collection from cross-border platforms