Investment

The Cho Moi - Bac Kan Expressway passing through northern Thai Nguyen province is expected to start this year and be completed in 2025. It stretches 28 km in length and has total investment of about VND2.01 trillion ($88.3 million), using State budget capital.

Out of a total of 2,414 ha of land along the Ring Road No. 3 project in Ho Chi Minh City, 514 ha of agricultural land is managed by the State. If associated land auctions are successful, the City is expected to collect VND26.9 trillion ($1.18 billion) for the project.

Lao Cai province held a breaking ground ceremony on March 3 for the Sa Pa Airport project, with total investment of nearly VND7 trillion ($306.42 million). It will be the largest airport in the northwest, with a capacity of 3 million passengers a year, and will accelerate socio-economic development in Lao Cai and the northwest and northern mountainous region.

Under a plan approved by the Prime Minister, northern mountainous Cao Bang province will be developed into a trade center with the ASEAN region and the southwest of China, and be among other centers of trade, services, tourism, and industry in northern mountainous provinces.

The Can Tho City People’s Committee has proposed using ODA capital for a sustainable development project to adapt to climate change, with total investment of more than VND2.7 trillion ($118.2 million). Expected foreign donors supporting implementation include the World Bank, the Asian Development Bank, the French Development Agency (AFD), and the German Bank for Reconstruction (KfW).

The feasibility study for the Van Phong - Nha Trang Expressway project will be completed and submitted to the Ministry of Transport (MoT) for approval in June. The project is 84 km long and has total investment of over VND12.9 trillion ($566.5 million). It will help the area north of Van Phong and the Van Phong Economic Zone in Khanh Hoa province become an economic center of the country.