Vietnam continues its ambitious infrastructure push with the groundbreaking of a key expressway segment, utilizing a public-private partnership to accelerate completion of the vital North-South corridor.
The real estate market in Phan Thiet city, south-central Binh Thuan province, is becoming increasingly attractive to investors thanks to advantages in tourism development, infrastructure, and, especially, the strong possibility of price increases. Analysts believe Phan Thiet will become a “magnet” for investment, and real estate prices will skyrocket when the local airport is completed and the Dau Giay - Phan Thiet Expressway comes into operation at the end of this year.
The 80-km Van Don - Mong Cai Highway, with investment of nearly VND13 trillion ($553.5 million), was officially put into operation on September 1 after more than two years of construction. This is the final section of the longest highway in Vietnam, stretching nearly 600 km and connecting Mong Cai with Lao Cai, passing through Van Don, Ha Long, Hai Phong, Hanoi, Vinh Phuc, Phu Tho, and Yen Bai in the country’s north.