Investment

Construction of the 17.5-km Rach Mieu 2 Bridge connecting the Mekong Delta’s Tien Giang and Ben Tre provinces and with total investment of nearly VND5.2 trillion ($225.26 million) from the central budget will begin in the first quarter of 2022. The bridge is one of eleven key projects in Ben Tre.

South-central Phu Yen province plans to develop three more urban areas along the banks of the Ba River on a total area of nearly 23,000 ha. It will have eight urban areas in the future on both sides of the river, which flows for 388 km through Kon Tum and Gia Lai provinces in the central highlands before spilling out into the sea in Phu Yen and is a highlight in the economic development corridor along Phu Yen’s East-West axis.

The two spans of the Van Tien Bridge in northern Quang Ninh province came together on December 5 after eleven months of construction. With a length of 1.5 km and costing more than VND800 billion ($35 million), the bridge is part of the Van Don - Mong Cai Expressway, which itself is part of the country’s national highway network.

Central Da Nang city disbursed public investment capital of VND5.3 trillion ($231.9 million) in the first eleven months of the year, reaching 76.4 per cent of the plan. The city is speeding up the construction of many projects so that by January 31 it will have disbursed 95-100 per cent of the 2021 plan.

The terrain in northern mountainous Dien Bien province is primarily hills and mountains, making railway and inland waterway transport impossible, with goods and passengers transported by either road or aircraft. Despite capital being limited, the Ministry of Transport will prioritize pouring over VND2 trillion ($87.7 million) of public investment in the 2021-2025 period into three urgent projects in the province: renovating and upgrading National Highway No. 279B and National Highway No. 12, and expanding Dien Bien Airport.

The Quang Ninh Provincial People’s Committee has approved a plan to select contractors for the last two bidding packages (fifth phase) of the Cua Luc 1 Bridge project, with the total investment of VND2.1 trillion ($92 million) to come from the northern province. Concrete was poured to complete the closure point of the bridge on November 2, and construction is being sped up so as to finish by the end of December.