The master plan for Long Thanh International Airport was approved by the Prime Minister of Vietnam,
Phan Văn Khải, in 2006, and several adjustments have been made over time. The project faced mixed public reaction for its expensive cost and far distance from the center of
Ho Chi Minh City. Based on the demand of transportation, the investment has been divided in three phases, along with a fourth sub-phase. The Southern Airports Corporation, a company under the
Ministry of Transport, is in charge of development of this project.
Phase 1 (2021–2026) The first phase is estimated to cost US$7.8billion and is divided into 3 sub-phases.
Phase 1A (2021–2023) According to the original plan, the airport would handle 17 million passengers per year after this phase is completed. However, the proposed capacity was later increased to 25 million passengers per year to reduce construction cost. The cost was later changed to about US$4.66billion.
Phase 1B (2023–2026) A second runway is being built in this phase, thereby increasing the total capacity to more than 25 million passengers per annum.
Phase 1C (2026) The rest of necessary facilities will be built and land-clearance for future phases will be made. With an area of about , a capacity of over 25 million passengers and 1.2 million tonnes of cargo per year, the airport will begin operating in the second half of 2026.
Phase 2 (2026–2035) An estimated cost of about US$3.8 billion will be invested to double the capacity to 50 million passengers and 1.5 million tonnes of cargo per annum, and two more terminals along with the third runway will be added when the phase is finished, which is scheduled to be in 2030.
Phase 3 (After 2035) The airport will reach its maximum designed capacity at 80-100 million passengers and 5 million tonnes of cargo per year. By investing an estimated US$7 billion, the 4th terminal and the 4th runway will be constructed between 2030 and 2035, and will be operational after the 3rd phase, making it the largest and busiest airport in
Vietnam,
Southeast Asia and among the largest in the world, with an area of more than , 4 terminals and runways. == Terminals ==