Investment

The Thu Thiem 2 Bridge connecting District 1 and Thu Duc City in Ho Chi Minh City, with total investment of more than VND4 trillion ($175.97 million), is expected to be opened on April 30, 2022.

Hai Phong’s gross regional domestic product (GRDP) grew 12.28 per cent in the first nine months of 2021, while FDI attraction increased three-fold year-on-year to $2.8 billion and export turnover stood at nearly $19 billion, up 25.52 per cent compared to the same period last year.

It is expected that by the end of the third quarter of 2021, the Ministry of Transport (MoT) will have disbursed nearly VND27 trillion in investment capital, reaching 61.6 per cent of the plan and placing it among the top 4 ministries in terms of disbursement.

Central Da Nang city has approved investment in the construction of a resettlement area for University Village in Ngu Hanh Son district, on 286.5 ha and with total investment of VND227 billion ($9.97 million).

Upon completing all legal procedures, leading Japanese energy group Chubu will secure a 20 per cent holding in Bitexco Power, the leading private energy development company in Vietnam.

Construction at 25 key traffic projects in Ho Chi Minh City will resume after October 1, when social distancing is brought to an end.