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Investment

Investment

Dien Bien Airport expansion project gets underway

With total investment of nearly VND1.5 trillion ($66.04 million), the Dien Bien Phu Airport expansion project in northern Dien Bien province began on January 22 and completion is expected in the third quarter of 2023. The project will contribute to attracting investment in the fields of tourism, trade, and services, promoting the unique cultural values of local ethnic minorities and enhancing connectivity in the northwest region.
Investment

Feasibility study on way for expressway in Dong Thap

The Ministry of Transport (MoT) has assigned the My Thuan project management board to prepare a feasibility study on the construction of the first phase of the My An - Cao Lanh Expressway in the Mekong Delta’s Dong Thap province. The project is 26 km in length, with total investment of more than VND4.77 trillion ($208.6 million).
Capital to go to expressways in Phu Yen

Capital to go to expressways in Phu Yen

According to the Ministry of Transport (MoT), VND4.9 trillion ($216.1 million) in medium-term public investment capital will be set aside to complete three unfinished projects in south-central Phu Yen province. Three new expressway projects in the province will also be built, with total investment of nearly VND23 trillion ($1.01 billion).
Quang Tri begins construction of major LNG project

Quang Tri begins construction of major LNG project

Central Quang Tri province kicked off construction of the Hai Lang LNG (liquefied natural gas) Warehouse Center on January 15, which will be capable of housing 1.5 million tons of LNG per year in its first phase, and the Hai Lang Power Center, which will have a generation capacity of 1,500 MW in its first phase. The project covers an area of 120 ha and has total investment of over $2.3 billion.
EVN to get key projects underway

EVN to get key projects underway

Vietnam’s power system was the largest in the ASEAN region last year in terms of power capacity. Electricity of Vietnam (EVN) has set a target for 2022 of commercial power output reaching 242.35 billion kWh, up 7.6 per cent year-on-year, and plans to begin and complete important power source and grid projects.
Three provinces to have roads upgraded from surplus in WB-financed project

Three provinces to have roads upgraded from surplus in WB-financed project

The “Building bridges for people’s livelihoods and managing local road assets” project, funded by the World Bank (WB), has had its capital adjusted from nearly $409 million to more than $423 million. The Prime Minister has approved a proposal from the Ministry of Transport to use the WB loan balance in the project due to the exchange rate difference to renovate roads in the three northern provinces of Lao Cai, Lang Son, and Nam Dinh.
HCMC proposes auction of land along Ring Road 3

HCMC proposes auction of land along Ring Road 3

Ho Chi Minh City has proposed holding an auction of land along Ring Road No. 3, to acquire capital for construction. The route passes through the city and Binh Duong, Dong Nai, and Long An provinces and has total investment of VND83.3 trillion ($3.6 billion). After nearly ten years of construction, however, only 16.3 km has been built due to financial difficulties.
MoT prioritizing two key projects through An Giang

MoT prioritizing two key projects through An Giang

The Ministry of Transport (MoT) has said that two key projects through the Mekong Delta’s An Giang province will be prioritized for construction, including a route connecting National Highway No. 91 and the Long Xuyen city bypass, funded by a loan of over VND2.1 trillion ($92 million) from the Asian Development Bank (ADB) and to begin this month and be completed in 2023, and the Chau Doc - Can Tho - Soc Trang Expressway, with total investment of VND52.3 trillion ($2.3 billion).

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