Investment

Southern Dong Nai province has asked the central government to provide support of more than VND4.1 trillion ($181.13 million) for the construction of two provincial roads in the 2021-2025 period connected to Long Thanh International Airport. Phase 1 of the airport, expected to be completed by 2025, has total investment of VND109 trillion ($4.8 billion) and it is a national key project of international scale.

The Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) has proposed it research and invest in the construction of a north-south elevated road in Ho Chi Minh City, stretching 14 km and with total capital of VND30 trillion ($1.32 billion). The city has planned five elevated roads but no proposals have been forthcoming due to the huge cost.

The Ministry of Transport (MoT) has said that it will complete procedures to begin the construction of nine key projects in December and at the same time complete 12 other key projects. The “Connecting Transport in Northern Mountainous Provinces” project, with nearly VND5.5 trillion ($242.45 million) funded by the Asian Development Bank (ADB) and the Australian Government, will get underway after many delays.

According to Deputy Prime Minister Le Van Thanh, who is also Chairman of the Council for the Evaluation of Mekong Delta Development Planning, transport infrastructure in the Delta will see breakthrough development to 2030, with priority given to the development of the expressway network. Can Tho International Airport will also be expanded, and the network of coastal roads, seaports, and waterways will receive investment and be effectively exploited.

Northern Bac Ninh province has only three industrial parks with housing for workers, meeting just 10-15 per cent of demand, according to Mr. Bui Hoang Mai, Head of the Industrial Park Management Board of Bac Ninh province. Businesses are not interested in investing in utilities for industrial parks, because of low profits and the long return on investment period.

Ring Road No. 3 in Ho Chi Minh City stretches more than 90 km and passes through four localities: Ho Chi Minh City and Binh Duong, Dong Nai, and Long An provinces, with total investment of nearly VND178 trillion ($7.81 billion). As it is difficult to attract investors due to the long return on investment period, the four localities have asked that the government provide about VND83.29 trillion ($3.66 billion) in capital support.