Investment

The Ministry of Transport (MoT) has said the government prioritizes allocating some VND12.67 trillion ($543.1 million) in medium-term public investment capital to invest in five transport projects in the Mekong Delta’s Dong Thap province before 2025.

Under a development plan for the 2021-2025 period, the Mekong Delta’s Hau Giang province will focus on developing under four key pillars: industry, agriculture, tourism, and urbanization. The province is expected to outlay more than VND113 trillion ($4.8 billion) on developing industry and logistics in the period, to have three major logistics centers by 2025.

According to the Ministry of Transport, the Civil Aviation Authority of Vietnam has been assigned as investor of a project to upgrade Con Dao Airport and is now completing procedures to select contractors to carry out landmark planting work, which is expected to be done in the third quarter of this year.

The Hai Phong Department of Planning and Investment has invited investors to build a social housing project in Ngo Quyen district. With an estimated cost of more than VND4 trillion ($171 million), the project will have both social housing and commercial housing, with the social housing area on nearly 54,000 sq m and the commercial housing area on more than 13,000 sq m.

The Quang Tri Airport project in central Vietnam sits on area of over 265 ha with total investment of more than VND5.8 trillion ($247.98 million). Its feasibility report is expected to be approved during August, and construction is to begin in the first quarter of 2023. With a capacity of 1 million passengers per year, the airport will be built under the public-private partnership (PPP) model.

Singapore’s Expara Venture Fund announced the $50-million Expara Southeast Asia Ventures Fund on August 4, investing in tech startups in Southeast Asia, with 50 per cent going to Vietnamese startups.