Investment

Construction of the Rach Mieu 2 Bridge, which connects Tien Giang and Ben Tre provinces with other Mekong Delta localities, will begin at the end of March and be completed after four years. The bridge and approach roads stretch 17.5 km in total, with investment of over VND5 trillion ($219.5 million), from the State budget.

The Bac Giang Provincial People’s Committee on February 17 approved a list of social housing projects and adjusted a list of urban and residential projects seeking investment. Over recent years, the northern province’s industrial sector has developed rapidly, creating hundreds of thousands of new jobs and triggering major demand for sufficient accommodation.

The Ministry of Planning and Investment (MPI) has released Official Publication No. 02/CD-BKHDT to relevant individuals, ministries, and agencies, containing a list of projects under the Socio-economic Development and Recovery Program and proposing additional estimates and public investment plans in 2022.

An interdisciplinary appraisal council chaired by the Minister of Planning and Investment has been established to look at the pre-feasibility study for a coastal road project stretching more than 35.5 km in northern Thai Binh province and with investment of VND3.83 trillion ($168.98 million).

The Samsung Electro-Mechanics project in northern Thai Nguyen province has been in operation since 2015, with total investment of $1.35 billion and more than 6,500 workers. The project has been granted an amended investment license, to invest an additional $920 million. It produces an array of semiconductor chips and electronic components and parts for high-tech mobile and telecommunications equipment, among other items.

The first phase of Wind Power Plant No. 7 in Vinh Chau commune in the Mekong Delta’s Soc Trang province, on nearly 90 ha of sea area and 3 ha of land and with a designed capacity of 120 MW and total investment of nearly VND5.7 trillion ($250.3 million), was put into operation on February 15. The plant was connected to the national power grid last October.