Investment

The proposed project spans nearly 22 km in length, with a preliminary estimated investment of over $600 million.

The projects focusing on semiconductor manufacturing, electrical and electronic components, mechanical engineering and textiles.

The 125-km link will pass Central Highlands' Gia Lai province and south-central Binh Dinh province.

The projects, invested in by Chinese firms, specializing in researching and producing high-tech and electronic equipment and components.

"The development of the financial center is one of the strategic spearheads to help transform the growth model, improve resource utilization efficiency, and strengthen Vietnam's position on the international stage," Minister of Finance stated.

The assets under management of securities investment funds remain modest relative to their potential, representing just 6.5% of Vietnam's GDP, compared to 21% in Thailand and 52% in Malaysia.