By the end of September, Da Nang had disbursed more than VND13.265 trillion ($504 million), equivalent to 77.16% of the capital allocated by the Prime Minister.
Since the beginning of this year, the southern city, which is located near Ho Chi Minh City, has continuously welcomed numerous corporations, businesses, and diplomatic representatives exploring investment opportunities, focusing on planning potential, infrastructure advantages, and industrial development orientation.
The road is intended to establish a regional transport corridor linking the seaport and airport, expanding opportunities for logistics, industrial development and urban growth.
Once fully operational, the project will optimize Laos's natural potash reserves, generate fiscal revenues, train technical human resources, and help Vietnam secure a strategic domestic supply of key raw materials for national fertilizer manufacturing.