The design of Long Thanh airport (Photo: VNA)

The consortium comprises of Turkish conglomerate IC ISTAS, and nine local firms such as Vinaconex and Newtexons, Ricons, and Hancorp.

The contract will be implemented in 39 months, from the date of signing scheduled between August 25 to August 30.

Once fully completed by 2050, Long Thanh will be Vietnam's largest airport with a capacity of 100 million passengers and 5 million tonnes of cargo annually.