Airports Corporation of Vietnam (ACV) has selected the consortium led by Turkish construction company IC ICTAS to construct a passenger terminal for a greenfield airport in southeast Vietnam. 

Vietur, comprising IC Istas, a subsidiary of Turkey's IC Holdings, and 9 Vietnamese companies, including Ricons Construction Investment JSC, Newtecons Investment Construction JSC, SOL E&C Investment Construction JSC, ATAD Steel Structure Corporation, Construction Corporation No. 1 JSC, HAWEE Mechanical and Electrical JSC, Vietnam Construction and Import-Export Joint Stock Corporation, Phuc Hung Holdings Construction JSC, and Hanoi Construction Corporation, secured the contract at a total price exceeding VND27.8 trillion (US$1.2 billion) alongside an additional US$338,800. They aimed to complete the project within a 39-month timeframe. 

The ACV intended to commence work on the passenger terminal package and another package focused on runway construction and an aircraft parking area at Long Thanh International Airport. These combined projects were approved with a budget exceeding VND7.3 trillion (US$306.2 million) and were slated to begin later this month. 

Upon its full development, Long Thanh International Airport is poised to become the country's largest airport, boasting an annual passenger capacity of 100 million and the ability to handle up to five million metric tons of cargo. To realize this ambitious undertaking, an estimated investment of approximately VND336.63 trillion (US$14.1 billion) is required. The project is scheduled for completion and commencement of operations in the final quarter of 2026.