Investment

On March 29, in the presence of Deputy Prime Minister Le Minh Khai, construction of the Rach Mieu 2 Bridge spanning the Tien River and connecting the Mekong Delta’s Tien Giang and Ben Tre provinces with nearby localities officially began. With a length of 17.6 km and total investment of nearly VND5.2 trillion ($226.9 million), the bridge will promote local socio-economic development.

According to the General Statistics Office, total registered foreign investment capital as of March 20, including newly-registered capital, additional capital, and capital contributions and share purchases by foreign investors, stood at $8.91 billion, down 12.1 per cent year-on-year. FDI disbursement, however, increased 7.8 per cent in first quarter, to $4.42 billion; the highest level in the first quarter of a year for five years.

The Prime Minister has approved a road traffic network plan for the 2021-2030 period and vision to 2050, which includes the 55-km National Highway No. 50B connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang, with total investment of more than VND18.6 trillion ($817.46 million). The project will contribute to strengthening connections to international gateways by sea and air.

With a length of 667 meters, linking the Mekong Delta province of An Giang with neighboring Kien Giang and Dong Thap provinces and the Vinh Xuong international border gate, construction of Chau Doc Bridge began on March 28. The project will cost VND534 billion ($23 million) from the State budget and is expected to be completed in 2024.

Construction of the Dua Fat Kim Son multi-purpose port in the Kim Son marine economic belt planning area in northern Ninh Binh province began on March 26. The port sits on nearly 173,000 sq m and has total investment of VND450 billion ($19.7 million). It will be capable of berthing ships of 10,000 tons, with a capacity of loading and unloading 3 million tons of goods annually and providing logistics services for 1 million tons a year. It is expected that the first phase of the project will be put into operation in the third quarter.

Deputy Prime Minister Le Van Thanh has approved the Dong Vang Industrial Park project at the Nghi Son Economic Zone in north-central Thanh Hoa province. The project has an area of nearly 492 ha and total investment of more than VND2.4 trillion ($105.6 million).