Investment

Deputy Prime Minister Le Van Thanh has launched the “120 days and nights to implement the four expressway projects of Mai Son - National Highway No. 45, Cam Lo - La Son, Vinh Hao - Phan Thiet, and Phan Thiet - Dau Giay” emulation program. These four expressways, which are sub-component projects of the first phase of the North-South Expressway, are to be completed by the end of 2022. The impact of Covid-19, adverse weather, rising building material prices, and other issues have presented many problems hindering construction.

In addition to a proposal to re-open Na San Airport after nearly 20 years of closure, northern Son La province also wants to build Moc Chau Airport, with total investment of VND6.5 trillion ($277.3 million) under the PPP model. According to the Son La Provincial People’s Committee, construction of Moc Chau Airport is necessary to serve economic development. The Moc Chau National Tourist Area is also an important tourist center.

Under the Housing Development Program to 2030 and vision to 2050, central Quang Ngai province is expected to have 233 locations building commercial housing and urban areas in 13 districts, towns, and cities on a total area of 5,761 ha. Capital for housing construction will reach more than VND120 trillion ($5.1 billion).

According to Proven Partners, the top priority of high-end customers who want to buy real estate is that the project be associated with health factors and a wellness experience. In Vietnam, a number of real estate projects in health have appeared over the past two years but have not yet met demand. It is estimated that, each year, more than 40,000 Vietnamese people spend over $2 billion going abroad for medical purposes.

According to the Ministry of Transport, the government is prioritizing the allocation of more than VND9.7 trillion ($410.8 million) of medium-term public investment capital to invest in three transitional projects from the previous phase and start six new projects that will upgrade sections of transport infrastructure passing through south-central Binh Dinh province. The three transitional projects from the previous phase include a project to strengthen traffic connections in the central highlands, complete essential railway works on the Vinh - Nha Trang line, and upgrade poor bridges and pillars on the North - South railway line. The six new projects include sections from Quang Ngai - Hoai Nhon, Hoai Nhon - Quy Nhon, and Quy Nhon - Chi Thanh of the new North-South Expressway, National Highway No. 19, expanding National Highway No. 1, and renovating and upgrading the Vinh - Nha Trang railway line.

Along with many localities around the country, southern Dong Nai province’s exports saw good growth in July and August compared to the first half of 2022. However, exports, which more often than not help Vietnam post a trade surplus, showed signs of declining in the two months.