Approved to build Quy Nhon - Pleiku expressway worth 43,734 billion VND; About to select investor to build airport worth 6,393.8 billion VND

Those were two of the notable investment news stories of the past week.

Da Nang invests more than 1,225 billion VND in social housing project

The People's Committee of Da Nang City has just approved the investment policy of the Social Housing Project at land plot A2-4, Ngu Hanh Son Street and the road leading to Tuyen Son Bridge. The project has a scale of 831 apartments, a floor area of about 41,561 m², a maximum height of 31 floors, and a total investment capital of about 1,225 billion VND.

National Highway 13 is currently seriously overloaded due to the large number of vehicles. Photo: Le Quan.

Each apartment has a usable area from 25 m² to a maximum of 70 m². The proportion of apartments with an area exceeding 70 m² (maximum increase of 10%) must not exceed 10% of the total number of apartments. The project is built in a closed system, ensuring technical standards and national regulations.

The project's operating period is 50 years from the date of land allocation. The investor has 3 years to raise capital and complete construction and put the project into operation. Incentive policies are applied according to current laws and the Housing Law 2023.

Ho Chi Minh City: Highway 13 expansion project stuck in disbursement of public investment of 14,619 billion VND

The project to expand National Highway 13 from Binh Trieu Bridge to the border of Binh Duong province was approved by the Ho Chi Minh City People's Council with a total investment of more than VND20,900 billion. Of which, Component Project 1 on site clearance and resettlement in Thu Duc City accounts for VND14,619 billion from the state budget, but so far has not met the conditions for disbursement.

The reason is that three mandatory legal procedures have not been completed: investment decision, compensation plan and compensation cost estimate. Although the feasibility study report has been submitted for appraisal, the remaining steps are still slow due to new regulations of the 2024 Land Law on the time of notification of land acquisition and the requirement to measure and count each household.

Thu Duc City proposed that the Ho Chi Minh City People's Committee soon approve the feasibility study report and supplement the medium-term capital plan to meet the disbursement schedule. It is expected that the site will be handed over in early 2026 and the project will be completed in 2028, expanding the road to 10 lanes, connecting the southern provinces and the Central Highlands.

Hai Phong invests 3,800 billion VND to continue opening the road connecting National Highway 5 and National Highway 10

Hai Phong City People's Council has approved the investment policy for the road connecting National Highway 5 with National Highway 10, avoiding Vinh Bao town, with a total investment of nearly 3,800 billion VND from the city budget, to be implemented in the period 2024-2029.

A section of road on Highway 10 of Hai Phong city. Photo: Quynh Nga

The route is 8 km long, 50.5 m wide, includes 6 car lanes, 2 side roads, 2 grade-separated intersections and 8 bridges. The project will reduce the load on National Highway 10, connecting the southern districts with the city center and neighboring provincial roads.

Together with the project of more than 5,300 billion VND through Kien An approved earlier, the total investment capital for the two routes connecting National Highway 5 - National Highway 10 is up to more than 9,100 billion VND, aiming to enhance inter-regional traffic capacity, promote socio-economic development and ensure national security and defense for the region.

Hanoi hands over a series of large land plots to implement key projects

The Hanoi People's Committee has just assigned and leased many large plots of land in Phuc Tho, Son Tay, Thanh Oai and Ba Dinh to implement infrastructure projects for land auctions, build gas stations and renovate old apartments according to the plan.

In Phuc Tho, nearly 25,400 m² of land was allocated to the district People's Committee to build technical infrastructure for land use rights auction areas in Tam Thuan and Tam Hiep communes. In Son Tay, more than 44,000 m² of land was allocated to the town to implement the land auction infrastructure project in Khoang Noi - Go Mieu area, including residential land, cultural land, green space and social housing.

The City People's Committee also leased nearly 3,700 m² of land in Thanh Oai to Nguyen Phuc Company to build a Pimex gas station, of which more than 2,000 m² is subject to annual land rent. At the same time, 1,328.77 m² of land at 22 Lieu Giai was handed over to Viet-Uc Company to renovate and rebuild the Vietnam Film Archives Institute - The Boulevard housing complex.

All projects require completion of legal procedures, financial obligations and putting the land into use on time; if the progress is delayed, the city will reclaim the land without compensation.

Approval of investment policy for Quy Nhon - Pleiku Expressway Project with capital of 43,734 billion VND

With 446/447 delegates in favor, the National Assembly approved the investment policy for the Quy Nhon – Pleiku expressway, approximately 125 km long, with a total preliminary investment of VND43,734 billion. The project consists of 3 sections, to be implemented from 2025 and completed in 2029.

Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai presented a report at the National Assembly.

The expressway will shorten the travel time from Binh Dinh to Gia Lai from 4 hours to about 2 hours, replace the existing National Highway 19 and overcome the dangers of An Khe and Mang Yang passes. The project applies non-stop toll collection and modern construction technology, adapting to climate change.

The high investment cost is due to the construction of 3 large tunnels (5 km), 63 bridges (20.9 km), including bridges up to 90 m high - accounting for more than 63% of the construction cost. The route passes through complex mountainous terrain, in contrast to the Gia Nghia - Chon Thanh expressway which is more favorable.

The project is exempted from capital balance assessment, but requires the Government to allocate sufficient capital to ensure progress. The source of roadbed materials is determined locally, so there is no shortage as in projects in the West.

Favorable signal for expanding Cau Gie - Ninh Binh expressway to 6 lanes

The Ministry of Construction has just supported the proposal of the Ninh Binh Provincial People's Committee to expand the Cau Gie - Ninh Binh expressway from 4 to 6 lanes to synchronize infrastructure and reduce traffic congestion.

A section of Cau Gie - Ninh Binh expressway invested by VEC.

This is a section of the North-South Eastern Expressway, approximately 50 km long, currently managed and operated by VEC since 2012. With rapidly increasing traffic volume, this section has become a “bottleneck” between sections that have been and are being expanded such as Phap Van – Cau Gie and Cao Bo – Mai Son.

Ninh Binh Province considers the expressway to play a strategic role, creating momentum for socio-economic development in the region and connecting with Hanoi Ring Road 4. The expansion is consistent with the planning of available land funds, helping to reduce congestion and accidents, and promote inter-regional trade.

VEC is currently preparing to invest in expansion with a total estimated cost of VND2,113 billion. The Ministry of Construction affirmed that it will closely coordinate during the project implementation process.

Sun Group starts construction of hot mineral resort complex worth over 21,000 billion VND in Hoa Binh

On June 26, Sun Group officially started construction of the largest hot spring resort complex in the North in Kim Boi - Lac Son (Hoa Binh), with a scale of nearly 585 hectares and a total investment of more than VND 21,000 billion. Phase 1 will implement 3 key projects including an ecological urban area, a resettlement residential area and the expanded Serena Resort.

Eco-urban complex, high-class entertainment and Cuoi Ha cable car system.

The highlight of the project is the 4.5 km long Cuoi Ha cable car line, connecting Kim Boi and Doi Thung - a place with a cool climate all year round, known as the "second Tam Dao" or "Swiss village" in the heart of the Northwest. Here, Sun Group develops a hot mineral spring park that recreates the mineral bath culture of Switzerland, Rome, Türkiye and classical European craft villages with a series of slow-living experiences, associated with local agricultural products and handicrafts.

The Chairman of the People's Committee of Hoa Binh province affirmed that this is a strategic project, creating a new identity for the locality. The Chairman of the Board of Directors of Sun Group stated that the project will turn Kim Boi - Lac Son into a classy "hot spring capital" and a driving force for economic and tourism development in the midland and mountainous areas of the North.

Da Nang has an additional Commercial Center with a total capital of more than 2,085 billion VND.

The People's Committee of Da Nang City has just approved the investment policy of the Ngu Hanh Son District Commercial Center project at land lot A2-1 in Tuyen Son Residential Area (Khue My Ward), with a total investment capital of more than 2,085 billion VND.

Ngu Hanh Son District Commercial Center has an area of 17,185 m2.

The project covers an area of 17,185 m², of which more than 10,000 m² is for building a commercial center combined with offices, hotels and accommodation services; the rest is for traffic and greenery. The project includes a 5-storey base block and a maximum 15-storey tower block, aiming to develop a modern architectural space, meeting the commercial and service needs of the southern area of the city.

The project has a 50-year operating period and will be implemented within 36 months from the date the investor completes the land lease procedures. This is a key project contributing to promoting socio-economic development and increasing budget revenue for Da Nang.

Nhon Trach 4 Power Plant successfully synchronized to the national grid

At 1:55 p.m. on June 27, Nhon Trach 4 Power Plant successfully synchronized the first 50 MW to the national grid. This milestone marked the efforts of the EPC General Contractor Samsung C&T – LILAMA, the investor PetroVietnam Power Corporation and EVN in ensuring the project's progress.

The joint venture of EPC General Contractor Samsung C&T and Vietnam Machinery Installation Corporation - JSC (LILAMA) and the investor, PetroVietnam Power Corporation and Vietnam Electricity Group, have made great efforts to put the plant into operation on schedule.

The testing process of auxiliary systems is strictly carried out under close supervision from equipment experts, consultants and investors, ensuring quality according to technical standards.

Successful power generation is an important stepping stone to optimize deployment and commercial operation in October 2025. Together with Nhon Trach 3 Plant, the two plants are expected to provide about 9 billion kWh per year, contributing to ensuring energy security and promoting the development of the LNG power chain in Power Plan VIII.

Proposal to invest 385.66 million USD to upgrade 3 National Highways in the Mekong Delta

The Ministry of Construction has just proposed the Government to approve the investment policy for the project to upgrade three National Highways 53, 62 and 91B in the Mekong Delta, with a total investment of VND9,297.12 billion (equivalent to USD385.66 million), using loans from the World Bank (WB).

The project aims to strengthen regional connectivity, improve traffic safety and adapt to climate change. The investment scale meets the standards of a grade III plain road, with a design speed of 80 km/h and a road surface width of 11 m. The total length of the three routes is nearly 251 km, passing through the localities of Tay Ninh, Vinh Long, Can Tho City and Ca Mau.

A section of National Highway 62 through Long An. (Photo: Duc Hanh/VNA).

The World Bank will finance 262.22 million USD for construction, equipment, consulting, and contingency items; the rest will be domestic counterpart funds. The project is expected to be implemented within 4.5 years after the loan agreement takes effect. The Ministry of Construction proposed to act as the managing agency to ensure progress, and then hand it over to local management.

Nearly 900 billion VND project in Quang Ngai waiting for land, "defying" the upcoming deadline

The Dung Quat – Sa Huynh coastal road project phase IIb in Quang Ngai, with a total capital of nearly 900 billion VND and a length of more than 16 km, is facing a deadlock in terms of land acquisition even though the completion deadline in 2025 is approaching.

The Dung Quat - Sa Huynh coastal road project still has many sections with land clearance problems.

Since 2024, no compensation plan has been approved, causing the site clearance work to almost stand still. To date, only 69% of the entire route has been handed over. Notably, the section through Quang Ngai City has not handed over any additional meter of land, while Binh Son District has only added 300 meters.

The investor is asking localities to speed up land price adjustments, approve compensation plans, and thoroughly handle cases of non-cooperation to ensure progress. If not resolved promptly, the project is at risk of serious delays, affecting the entire strategic coastal route of the province.

Capella invests in 1,152 billion VND industrial park infrastructure project in Quang Tri

The People's Committee of Quang Tri province has just approved the investment policy for the project to build and operate the infrastructure of Capella Quang Tri Industrial Park, with Capella Quang Tri Investment Joint Stock Company as the investor, with a total capital of more than VND 1,152 billion.

https://media.baodautu.vn/Images/ngoctan/2025/06/24/KKT_Dong_Nam_Quang_Tri.jpg

The project is located in Trieu Trach commune, Trieu Phong district, in the Southeast Quang Tri Economic Zone, on an area of over 220 hectares. The goal is to build synchronous technical infrastructure to lease land, offices, and factories to serve production.

The project is expected to start construction in the fourth quarter of 2025. By the fourth quarter of 2026, approximately 85 hectares will be completed and the occupancy rate will be 20%. The project will complete all infrastructure in 2029 and reach 100% occupancy rate in the fourth quarter of 2030.

Capella Quang Tri is a member of the Capella Group ecosystem, with similar projects in Quang Binh and Bac Giang, with Mr. Chu Duc Tuan as the legal representative. The project is expected to contribute to promoting industrial development and attracting investment to the locality.

New step of Binh Duong - Suoi Tien metro project with investment capital of 46,725 billion VND

The State Appraisal Council has approved the Pre-Feasibility Study Report of the Urban Railway Line No. 1 Project (Binh Duong New City - Suoi Tien), paving the way for the Government and the National Assembly to consider and decide on the investment policy at the 9th session of the 15th National Assembly.

Illustration photo.

The project is 29.01 km long, passing through Thu Dau Mot, Thuan An and Di An (Binh Duong), starting at the center of Binh Duong New City, ending at Suoi Tien Station (HCMC). The metro line is invested with a double scale, designed speed of 120 km/h, automatic operation without a driver, total estimated capital of 46,725 billion VND.

This is a strategic transport project that helps reduce traffic pressure on major routes, effectively connecting Binh Duong with Ho Chi Minh City and Dong Nai, and promoting urban development according to the TOD model. In the context of merging administrative boundaries between Ho Chi Minh City, Binh Duong and Ba Ria - Vung Tau, this metro line is expected to create growth momentum for the key economic region in the South.

Da Nang invests more than 1,570 billion VND to build Hoa Xuan bridge traffic cluster

The People's Committee of Da Nang City has just approved the investment policy for the Hoa Xuan Bridge traffic intersection cluster with a total cost of more than 1,571 billion VND, divided into two component projects, using the city's budget.

Component project 1 has a capital of more than 129 billion VND to carry out compensation, support, resettlement and site clearance, with the City Land Fund Development Center as the investor.

The Hoa Xuan Bridge Interchange Project will solve traffic congestion at Hoa Xuan Bridge. Photo by Hoang Anh

Component 2 has a total investment of more than VND 1,441 billion, implemented from 2025 to 2029, implemented by the Da Nang Traffic and Agricultural Construction Investment Project Management Board. The project aims to improve infrastructure and reduce congestion at the Le Thanh Nghi - Cach Mang Thang Tam - Thang Long intersections and Hoa Xuan bridge.

The investment plan includes expanding the existing bridge, building more lanes, building an underpass at Hoa Cuong intersection, reorganizing traffic and opening a riverside road at Hoa Xuan intersection, and completing lighting, drainage and communication systems.

Investing in a 379 billion VND fuel pellet production project in Quang Tri

The People's Committee of Quang Tri province has just approved the investment policy of the Wood Pellet Fuel Factory in Hai Chanh Industrial Park, Hai Lang district, invested by Planted Forest Biomass Quang Tri Joint Stock Company, with a total capital of 379 billion VND.

The project uses more than 33,000 m² of land, with a designed capacity of 192,000 tons of wood pellets per year for export. Items include production area, warehouse, office, power station, mechanical workshop and internal infrastructure.

Hai Chanh commune area, Hai Lang district, where the project is licensed for investment.

Construction is expected to start in October 2025 and be completed in September 2026. The investor is required to comply with the schedule and legal regulations, and complete environmental procedures before implementation. The project is expected to contribute to the development of the biomass processing industry and local economic growth.

Investors will be selected to build Sa Pa Airport with a capital of 6,393.8 billion VND from the third quarter of 2025.

Lao Cai Provincial People's Committee has just approved the adjustment of Component 2 Project - construction of Sa Pa Airport under the PPP method with a total investment of more than 6,393 billion VND. Phase 1 will build an airport meeting 4C standards, with a capacity of 1.5 million passengers/year and a level II military airport; Phase 2 will increase the capacity to 3 million passengers/year.

Perspective of Sa Pa Airport.

The project contract term is 46 years and 7 months, including 2 years and 1 month for phase 1 construction, 43 years and 6 months for exploitation and integration of phase 2 construction during operation.

The total investment capital includes VND3,537 billion of private capital and more than VND2,855 billion of state capital (accounting for 44.38%). Investors will be selected through open domestic bidding, starting from the third quarter of 2025. The Department of Construction is assigned to be the inviting party, completing the documents to submit to the competent authority for approval.

More than 1,000 power grid locations intersect with the North-South high-speed railway

Vietnam Electricity Group (EVN) said that the North-South High-Speed Railway Project has a total of more than 1,200 grid locations affected, including 56 locations on the 500 kV grid, 130 locations on the 220 kV grid, 92 locations on the 110 kV grid, and 923 locations on the medium and low voltage.

The project is still in the pre-feasibility study phase, so it is not yet possible to determine the specific electricity demand and the volume of relocation. However, EVN has proactively coordinated with localities and the Railway Management Board to obtain information and prepare plans.

EVN also warned of some difficulties in funding, approval documents, and power outage registration when relocating important lines. EVN's General Director requested units to only relocate when absolutely necessary, avoid waste, and at the same time strengthen coordination and timely reporting to ensure the progress of key national projects.

EVN signs EUR 65 million loan agreement for Tri An Hydropower Plant expansion

Vietnam Electricity (EVN) has just signed a loan agreement worth 65 million EUR with the German Development Bank (KfW) for the Tri An Hydropower Plant Expansion Project. This is the first direct loan between the two parties without a government guarantee.

EVN and KfW completed signing of loan agreement for Tri An Hydropower Plant Expansion Project.

The project has a designed capacity of 200 MW, located in Dong Nai province, parallel to the existing plant on the Dong Nai river system. The project aims to increase stable, cost-effective and environmentally friendly power sources, in compliance with Vietnamese and international standards on sustainable development.

The signing marks an important step forward in the long-term cooperation between EVN and KfW. Since 2009, KfW has financed EVN with more than EUR 891 million through nine agreements and is committed to continue providing around EUR 800 million for upcoming energy projects.

Binh Dinh finds investor for 1,500 billion VND waste treatment plant project

The People's Committee of Binh Dinh province has just approved the results of selecting an investor to implement the Long My Domestic Solid Waste Treatment Plant Project using waste-to-energy incineration technology. Greenity Binh Dinh Energy Joint Venture won the bid with a waste treatment price of VND390,000/ton.

Long My solid waste treatment area, Phuoc My commune, Quy Nhon city, where the Long My domestic solid waste treatment plant project is implemented, using waste-to-energy incineration technology.

The project is located in Phuoc My commune (Quy Nhon city), with a total investment of at least 1,500 billion VND, an area of over 100,000 m², a processing capacity of 500 tons/day and night and a power generation capacity of 15 MW. The plant will serve Quy Nhon city, An Nhon town, Tuy Phuoc district and part of Van Canh district.

The project applies advanced technology, does not require waste sorting at source, ensuring the environment and public health. The operating period is 30 years, the implementation progress is no more than 2 years from the date of investor selection. This is the result after many rounds of bidding, bid cancellation and change of investors in the past.

Proposed plan to remove 10,000 billion VND tide prevention project in Ho Chi Minh City

The Ministry of Finance has just proposed that the Government allow Ho Chi Minh City to adjust the Feasibility Study Report of the nearly VND10,000 billion flood prevention project and pay investors with land funds, according to the principle of parity. If the land value is lower than the project cost, the difference will be paid by the city budget.

Construction progress The project has been completed more than 90%, but since November 2020 the investor has stopped construction until now.

The project is more than 90% complete but has been stalled since the end of 2020 due to lack of capital. The total investment is expected to be adjusted to VND15,400 billion, of which nearly VND2,907 billion in interest has been incurred. The investor - Trung Nam Group - said it needs about VND1,800 billion more to complete but no longer has the financial capacity, while BIDV cannot disburse more because it has not yet approved the credit contract appendix.

The adjustment of the project and the payment mechanism using land funds is expected to remove obstacles, helping to complete this key project after many years of slow progress.

Kon Tum approves investment policy for power transmission project worth nearly 78 billion VND

Kon Tum Provincial People's Committee has just approved the investment policy for the Dak Choong - Dak Glei 110kV transmission line project with Dak Krin Hydropower Joint Stock Company as the investor. The project has a total capital of nearly 78 billion VND, using 100% of the investor's capital contribution, with an operating period of 50 years.

The project includes a 24 km long line and a feeder at a 110kV transformer station, aiming to transmit and distribute electricity. The project implementation period is from June 2025 to December 2027.

The Provincial People's Committee requires investors to complete all legal procedures and implement the project according to the committed goals and progress; departments, branches and the Dak Glei District People's Committee are assigned to supervise, guide and handle related issues during the implementation process in accordance with legal regulations.

Da Nang invests more than 1,225 billion VND in social housing project

Source: https://baodautu.vn/duyet-lam-cao-toc-quy-nhon---pleiku-43734-ty-dong-sap-chon-nha-dau-tu-xay-san-bay-63938-ty-dong-d315704.html