New airport near Hanoi to cost $7.5B

By Doan Loan October 25, 2025 | 03:29 pm PT

The cost of the under-construction Gia Binh International Airport near Hanoi is estimated to be at VND196.37 trillion (US$7.5 billion) following the recently approved upgrades to it.

The airport, in Bac Ninh Province 40 kilometers from Hanoi, will now handle 50 million passengers and 2.5 million tons of cargo a year by 2050 rather than the original 15 million and 1.6 million tons, according to a report by The State Appraisal Council.

An artist's impression of a terminal at Gia Binh International Airport in Bac Ninh Province. Photo courtesy of ADCC

Construction had begun in December last year, and the upgrades were approved recently by the Ministry of Construction.

It is envisioned as the northern region’s aviation gateway for passenger and cargo transport, and is being built by property developer Masterise Group.

It will have four runways spaced well apart to allow independent operations.

It will be built to 4F standards, meaning it can accommodate large aircraft such as Boeing 777 and Airbus A330.

Hanoi’s current main airport is Noi Bai International Airport with a capacity of 25 million passengers a year and to be expanded to 55 million by 2030 and 85 million by 2050.