Nearly 18,000 billion VND to upgrade Phu Quoc Airport; Ho Chi Minh City aims for 64,000 hectares of land for TOD

Nearly 18,000 billion VND to upgrade Phu Quoc International Airport; Ho Chi Minh City aims for 64,000 hectares of land for TOD... those are two of the notable investment news of the past week.

Nearly 18,000 billion VND to upgrade Phu Quoc Airport; Ho Chi Minh City aims for 64,000 hectares of land for TOD

Nearly 18,000 billion VND to upgrade Phu Quoc International Airport; Ho Chi Minh City aims for 64,000 hectares of land for TOD... those are two of the notable investment news of the past week.

Binh Dinh spends more than 2,100 billion VND to build a road connecting the highway to Phu My Industrial Park.

The Chairman of Binh Dinh Provincial People's Committee has just approved the investment policy to build a road connecting the North-South Expressway to Phu My Industrial Park and Phu My Port. The road is 16.37 km long, with a design speed of 60-80 km/h and a roadbed width of 22 m.

Leaders of Binh Dinh province during a construction progress inspection of the North-South Expressway Project, Eastern section, passing through the province. Photo: Thuy Trang.

The route starts from DT.638 road at Km 65+300 (My Trinh commune, Phu My district), passes through many areas such as the North-South railway, National Highway 1, My Phong solid waste landfill, Suoi So lake, Ba Nam pass, Hoc Nhan lake and ends at DT.639 coastal road (Km 49+282, My Tho commune).

The project has a total investment of VND 2,115 billion, including VND 348 billion in compensation and resettlement support costs and VND 1,379 billion in construction costs, to be implemented from 2024-2029.

Previously, the People's Committee of Binh Dinh province proposed extending the Quy Nhon - Pleiku expressway to Phu My Industrial Park and Port, but the Ministry of Transport responded by keeping the starting point at Km 22+300/CT20, connecting to National Highway 19B, southwest of Phu Cat airport.

On February 18, 2025, the Provincial People's Committee also approved Phu My Investment Group Joint Stock Company to deploy Phu My Industrial Park - Phase 1, covering an area of ​​436.87 hectares, with a total capital of more than VND 4,569 billion, to be implemented within 48 months.

The province aims to complete four important routes by March 31, 2025, while attracting investment in Phu My Port Area, which is expected to start construction on the occasion of the 50th anniversary of Binh Dinh's liberation. In addition, the coastal road project from Thien Chanh Bridge (Hoai Nhon) to Quang Ngai, with an investment capital of VND1,088 billion, is expected to be completed in 2028.

Construction of phase 2 of Bac Ai pumped storage hydropower plant with a scale of 21,000 billion VND

On February 22, 2025, EVN started construction of phase 2 of the Bac Ai Pumped Storage Hydropower Plant project in Bac Ai district, Ninh Thuan. This is an important project in the National Power Development Plan for the period 2021-2030, with a vision to 2050, approved by the Prime Minister.

It is expected that Bac Ai Pumped Storage Hydropower Plant will complete unit 1 in December 2029, complete unit 4 in December 2030 and complete the entire project in May 2031.

The project has a capacity of 1,200 MW with 4 units (300 MW/unit), total investment capital of about 21,100 billion VND, arranged from loans and EVN capital. The project contributes to ensuring energy security, promoting the green economy and regulating capacity for the power system, especially in the Ninh Thuan and Binh Thuan areas - where many renewable energy projects are concentrated and there are expected to be more nuclear power plants.

The plant operates on a storage-energy mechanism: using excess electricity outside peak hours to pump water to a high reservoir, then releasing it to generate electricity when demand increases, helping to stabilize the national power system.

EVN leaders affirmed that this is the first pumped storage hydropower project in Vietnam and a key project of EVN in 2025. The project has received close direction from the Government, the Ministry of Industry and Trade and the People's Committee of Ninh Thuan province. EVN assigned Power Project Management Board 3 and the consortium of contractors to implement the construction, ensuring the progress, quality and safety of the project.

Proposal of over 300 billion to invest in residential areas and resettlement to serve 2 highways

On February 21, Chairman of Lam Dong Provincial People's Committee, Mr. Tran Hong Thai, assigned the Department of Finance to coordinate with departments and branches to consider the investment proposal for the residential infrastructure project, resettlement to serve Tan Phu - Bao Loc and Bao Loc - Lien Khuong expressways, proposed by Bao Loc City People's Committee. The units must advise the Provincial People's Committee before March 15, 2025.

Previously, on February 18, Bao Loc City People's Committee submitted Document No. 36/TTr-UBND proposing the City Construction Investment Project Management Board to be the investor. The project is implemented on a 236,257m² land plot in Loc Phat Ward, including the land recovered from Southern Basic Chemicals Joint Stock Company. The total estimated investment is 309 billion VND, capital from the provincial budget.

Bao Loc City People's Committee emphasized the urgency of the project to stabilize the lives of affected people, ensure the progress of expressways, and promote socio-economic development. The project is proposed to be implemented in the 2025 - 2026 period.

Proposal to transfer the task of preparing 4 railway projects worth 19 billion USD

The Railway Project Management Board has just proposed that the Ministry of Transport adjust the investment preparation tasks of 4 railway projects including: Ho Chi Minh City - Can Tho, Bien Hoa - Vung Tau, Thu Thiem - Long Thanh, Vung Ang - Tan Ap - Mu Gia to other project management boards to ensure progress.

Currently, the Railway Project Management Board is implementing 6 projects, including the North-South high-speed railway and the Lao Cai-Hanoi-Hai Phong high-speed railway, which have been approved by the National Assembly for investment. Due to the large workload, the unit needs to focus resources on these key projects.

The Ho Chi Minh City - Can Tho railway project is 175.2 km long, with an investment capital of VND219,829 billion; Bien Hoa - Vung Tau is 132 km long, with an investment capital of VND143,371 billion; Thu Thiem - Long Thanh is 41.83 km long (excluding the 4.4 km depot access road), with an investment capital of VND84,752 billion. All three projects are in the pre-feasibility study report preparation stage.

The Vung Ang - Tan Ap - Mu Gia project was proposed by the Petroleum Trading Lao Public and Deo Ca Joint Venture, with a length of 103 km and 8 stations, and an investment capital of VND 27,485 billion. The initial research report is expected to be submitted in the first quarter of 2025.

Removing obstacles for the coal conveyor project from Laos to Vietnam, capital of nearly 1,500 billion VND

On the afternoon of February 24, Vice Chairman of Quang Tri Provincial People's Committee Le Duc Tien chaired a meeting on the progress of the coal conveyor project from Laos to Vietnam and the goods storage project in A Deng village, A Ngo commune, Dakrong district.

Vice Chairman of Quang Tri Provincial People's Committee Le Duc Tien chaired the meeting. Photo: Truong Nhat

The coal conveyor belt project at La Lay International Border Gate is implemented by Nam Tien Company Limited, 6,115 km long, designed capacity of 30 million tons/year, total investment capital of 1,489 billion VND. Phase 1 will be implemented in 2024, phase 2 from 2030. The investor proposed to build a 110kV transformer station to ensure power supply.

The project of a warehouse for goods gathering in A Deng has an investment capital of 715 billion VND, an area of ​​12.5 hectares, also implemented by Nam Tien Company Limited. The People's Committee of Dakrong district has sent a document to the Department of Construction to get opinions on the 1/500 planning, while the investor is completing the feasibility study dossier.

At the meeting, the departments and branches agreed on the detailed planning of the warehouse project and the proposal to build a 110kV transformer station. Vice Chairman Le Duc Tien emphasized that this is a key project, requiring departments and branches to coordinate closely and speed up the progress. He assigned the Department of Construction to guide investors to complete the design documents of both projects according to the approved planning.

Nearly 18,000 billion VND to upgrade Phu Quoc International Airport

The overall investment plan for Phu Quoc International Airport to serve the APEC Summit Week 2027 is gradually emerging. According to the Civil Aviation Authority of Vietnam, the adjusted planning dossier for Phu Quoc International Airport for the period 2021-2030, with a vision to 2050, was submitted to the Ministry of Transport in February 2025.

The investment plan includes 10 items with a total cost of about VND8,650 billion, of which three essential items—runway 2, VIP guest house, and aircraft parking expansion—account for more than 90% of the budget and need to be completed before the first quarter of 2027.

The Civil Aviation Authority proposed dividing the project into three components:

Component project 1 : Essential works (runway, taxiway, apron, VIP guest house) with an investment of 7,650 billion VND, invested by ACV.

Component project 2 : Flight operations assurance project (VND 74 billion), invested by Vietnam Air Traffic Management Corporation (VATM) with its own capital.

Component project 3 : Offices of state management agencies, implemented according to the Law on Public Investment and the Law on Construction.

The Civil Aviation Authority emphasized the urgency of Component Project 1 to meet the APEC 2027 schedule and ensure the political tasks of the aviation industry.

Phu Quoc International Airport is currently a 4E-class airport, shared between civil and military use, with a capacity of 4 million passengers/year. The infrastructure includes a runway (3,000 m x 45 m), a 14-position parking lot and a cargo terminal with a capacity of 14,500 tons/year. However, the airport does not yet have a VIP guest house.

To serve the APEC 2027 Summit Week, ACV proposed to build a 3,000 m² VIP guesthouse, expand 16 more aircraft parking positions and build runway 2. Currently, runway 1 has been in operation for more than 10 years and is degraded. Although it has been repaired 7 times, it needs to be upgraded or extended.

In 2024, Phu Quoc airport will serve 4.143 million passengers, expected to reach 5.5 million in 2027. By 2030, if there is no investment in passenger terminal T2 (capacity of 6 million passengers/year), service quality and flight safety may be affected. ACV estimates that it will need VND17,540 billion to expand the airport, of which capital sources for the 2025-2026 period have been balanced.

The Civil Aviation Authority of Vietnam has proposed that the Ministry of Transport soon approve the Phu Quoc Airport Adjustment Planning dossier and report to the Prime Minister to assign ACV to invest in runways and taxiways using corporate capital. At the same time, ACV needs to develop an investment plan for the port development in accordance with Decree 05/2021/ND-CP, ensuring timely implementation of projects serving APEC 2027.

Ho Chi Minh City aims for 64,000 hectares of land for TOD

On February 25, the Ho Chi Minh City People's Committee coordinated with the British Consulate General to organize a workshop on urban development oriented towards public transport (TOD).

Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong emphasized that the city needs to develop synchronous transportation to ensure sustainable growth. According to the plan, Ho Chi Minh City will complete 355 km of urban railway by 2035 and deploy 11 TOD locations along the metro line and Ring Road 3 in the 2024-2028 period, of which 9 locations will be implemented in 2024-2025.

Ho Chi Minh City has identified about 64,000 hectares of land that can be developed into urban areas with a public transport orientation. Photo: Le Toan.

Mr. Nguyen Anh Tuan (HCMC Department of Construction) said that the city is applying a special mechanism to develop urban railways according to the National Assembly's Resolution. However, it is necessary to determine a suitable roadmap, mobilize resources and prioritize implementation areas. Currently, HCMC has 32,000 hectares of potential land, 9,000 hectares of industrial land that can be converted and 23,000 hectares of land suitable for TOD.

Associate Professor, Dr. Vu Anh Tuan (VGTRC) commented that Ho Chi Minh City has the opportunity to develop urban areas around the station thanks to the National Assembly's Resolution, which helps shorten the investment process and optimize public transport. For effective implementation, he proposed establishing a TOD Council chaired by the City People's Committee, with related departments, branches and districts, and a TOD Office consisting of multidisciplinary experts to quickly implement urban railway planning and projects.

Thai Binh welcomes the "wave" of the automobile industry with a 400 million USD spare parts factory

On February 25, the People's Committee of Thai Binh province worked with Geleximco Group to report on the investment cooperation situation and signed a strategic agreement on building an auto parts factory worth 400 million USD.

Chairman of Geleximco Group Vu Van Tien spoke at the meeting.

The cooperation project between Geleximco and two Chinese enterprises—Nguyen Tin Industrial Investment Co., Ltd. (Liuzhou, Guangxi) and Bach Tan Technology Co., Ltd.—aims to establish a joint venture to supply auto parts in Vietnam. The factory will be built on an area of ​​over 200 hectares, starting in 2026, expected to be operational in October 2027, creating jobs for 2,000-3,000 workers.

Previously, Geleximco cooperated with Chery Group to produce Omoda and Jaecoo cars at Hung Phu Industrial Park, Thai Binh, with a capacity of 50,000 cars/year.

Chairman of Thai Binh Provincial People's Committee Nguyen Manh Hung pledged to provide maximum support for the project to be implemented quickly, from site clearance to investment procedures, creating favorable conditions for investors.

Investing 3,300 billion VND to build Hoang Lien road tunnel connecting Sa Pa with Tam Duong

The Lai Chau Provincial Transport Project Management Board has just submitted to the Ministry of Transport for appraisal the feasibility study report of the Hoang Lien Pass tunnel project, connecting Sa Pa town (Lao Cai) with Tam Duong district (Lai Chau).

Route location diagram of the Hoang Lien Pass Tunnel Project - Source: EIA Report

The project has a total length of 8.8 km, of which the main tunnel is 2.63 km long, the auxiliary tunnel is 2.65 km long, passing through Lai Chau (4.6 km) and Lao Cai (4.2 km). The tunnel consists of 2 tubes 30 m apart, designed according to Japanese mountain tunnel standards, permanent reinforced concrete structure, 9.75 m wide, for 2 lanes of motor vehicles. The auxiliary tunnel is 4.7 m wide for evacuation.

The connecting route is designed according to mountain level III standards, speed 60 km/h, roadbed width 9 m, with bridge system, embankment, drainage, signs and protective works. The project has a rescue center and tunnel operation.

Total investment capital is 3,300 billion VND, of which the central budget allocates 2,500 billion VND (2021-2025 period), Lai Chau provincial budget 710 billion VND (2021-2030 period), other capital sources 90 billion VND. The project is expected to be implemented from 2023 to 2027, using 72.84 hectares of land.

When completed, the project will improve the quality of inter-regional infrastructure, improve traffic on National Highway 4D, promote socio-economic development, ensure national security and defense, and attract investment, especially tourism in the Northwest region.

Quang Ngai proposes to add some gas turbine factories to the VIII power plan

Dung Quat Economic Zone covers an area of ​​45,332 hectares and is a center for petrochemical, energy, mechanical - metallurgical and logistics industries. By 2045, the demand for electricity capacity is expected to increase by 1,387 MW, mainly from Dung Quat gas-fired power plants.

Dung Quat Power Center, according to the planning of the Ministry of Industry and Trade (Decision 2612/QD-BCT), includes 3 combined cycle gas turbine plants Dung Quat I, II, III using Blue Whale gas, with a total capacity of 2,250 MW, expected to operate from 2028. A 750 MW backup plant is also planned.

By 2045, the total power capacity demand in Dung Quat Economic Zone is expected to increase by about 1,387 MW.

Dung Quat I and III projects (1,500 MW) invested by EVN have been approved in principle by the Prime Minister. Dung Quat II invested by Sembcorp Utilities Pte Ltd (Singapore) under BOT has also been approved by the Ministry of Industry and Trade. However, the projects are facing difficulties in implementation.

On February 24, the People's Committee of Quang Ngai province proposed that the Ministry of Industry and Trade report to the Government to allow Dung Quat I, II, and III power plants to switch to using imported LNG or alternative fuels to Blue Whale gas, and at the same time add a number of gas turbine power plants to the Power Plan VIII.

Regarding the National Refinery and Energy Center in Dung Quat Economic Zone, the Project is being submitted to the Prime Minister for approval, aiming at an integrated model of gas - electricity - refinery - renewable energy. This center will ensure energy security, provide stable raw materials at reasonable prices, develop a green economy, and aim for a net zero emission target by 2050.

EVNNPT invests in 500 kV transformer station and power line worth over VND 2,260 billion in Binh Dinh

The People's Committee of Binh Dinh province has just approved the National Power Transmission Corporation (EVNNPT) to invest in the Binh Dinh 500kV Transformer Station Project and connecting lines, with a total investment of more than VND 2,260 billion.

Perspective of Binh Dinh 500 kV transformer station. Source: EVNNPT.

The project includes a 500/220/35kV transformer station with a capacity of 900 MVA (with a backup capacity of 1,800 MVA) in Cat Lam commune, Phu Cat district, along with three connecting lines through Phu Cat and Tay Son districts. Of which, two 220kV lines (each section is 4.1 km long) connect Phuoc An - Phu My and one 220kV line (4 circuits, 29 km long) connects Pleiku 2 - Phuoc An and An Khe - Quy Nhon.

The project will start construction in the third quarter of 2027 and be completed in the fourth quarter of 2029, helping to transmit power from solar, wind and hydropower plants in Phu Yen, Binh Dinh and neighboring areas, reducing the load on the national power system, ensuring safe and stable power supply.

Previously, on January 23, 2025, the Central Power Corporation (EVNCPC) put into commercial operation the Phu Phong Dam Downstream Hydropower Plant (Tay Son, Binh Dinh) with a capacity of 2.9 MW, expected electricity output of 14.31 million kWh/year. The project has a total investment of more than 143 billion VND, with Phu Phong Hydropower Company Limited as the investor.

Ho Chi Minh City starts construction to expand 600m of Chu Van An Street, investment capital 1,067 billion VND

On the morning of February 27, the People's Committee of Binh Thanh District (HCMC) started the project to upgrade and expand Chu Van An Street (from Binh Hoa 5-way intersection to Phan Chu Trinh Street), 600 m long, expanded from 7 m to 23 m, with a total investment of VND 1,067 billion, of which VND 981 billion is for compensation and site clearance.

Leaders of Ho Chi Minh City People's Committee and Binh Thanh District performed the groundbreaking ceremony.

The project includes upgrading sidewalks, drainage systems, lighting, and trees, contributing to urban beautification. Currently, 99% of the land is ready, expected to be completed after 10 months in November 2025.

Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong emphasized the importance of the project in expanding traffic connections and improving the area's drainage system. He asked contractors to make efforts to shorten the progress to 6-8 months to put the project into use soon.

By 2025, Hanoi strives to disburse public investment capital to over 95%.

On the morning of February 27, the Hanoi People's Committee held a conference to review basic construction work in the first quarter of 2025 to urge the progress of public investment disbursement.

According to the report, in 2024, Hanoi was assigned 77,183 billion VND of public investment capital, of which 66,931 billion VND (86.7%) was disbursed. In 2025, the disbursement target is 87,130 billion VND, of which land revenue is expected to be 42,500 billion VND (an increase of 18%). By the end of January 2025, only 2,400 billion VND (2.8%) was disbursed.

Conference scene.

The biggest difficulties are still site clearance, planning, and fluctuations in material prices, affecting key projects. 10/16 key projects are facing difficulties, affecting disbursement progress. Excluding compensation and resettlement, the estimated disbursement rate is 87.5% of the plan, and if these items are completed, the rate will reach 95.2%.

Vice Chairman of the City People's Committee Duong Duc Tuan requested units to be more proactive and decisive, considering disbursement not only a financial task but also linked to project progress. Vice Chairman Nguyen Trong Dong emphasized that site clearance is a major obstacle but some localities are still implementing it well, and it is necessary to learn from effective models.

He requested to focus on implementing key infrastructure projects, major bridges across the Red River (Tu Lien, Tran Hung Dao, Ngoc Hoi), and start construction as soon as possible. At the same time, departments and branches must improve ODA capital disbursement, review problems and handle them immediately.

2025 is a pivotal year, Hanoi City aims to disburse over 95%, promoting economic growth to reach 8%.

Dak Nong determined to start construction of Gia Nghia - Chon Thanh expressway before April 30, 2025

The North-South Expressway project in the West, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) section, was approved by the National Assembly in June 2024 with a total investment capital of VND 25,540 billion, including VND 12,770 billion from the State budget and VND 12,770 billion from investors.

The expressway has 5 component projects, in which the People's Committee of Binh Phuoc province is the investor of the expressway construction project. The People's Committees of Dak Nong and Binh Phuoc provinces are responsible for site clearance and construction of service roads in each province.

Dak R'lap district will carry out land acquisition and mobilize site handover. The intersection with Provincial Road 5 (Dak Ru commune) is more convenient, expected to start construction before April 30, 2025 according to the Central direction.

Dak Nong Provincial Party Secretary Ngo Thanh Danh highly appreciated the locality’s preparations, emphasizing that the project is of great significance to Dak Nong and the Central Highlands. He requested the government to step up propaganda, support people in handing over land, and strictly handle cases of delay to ensure progress.

Dak Nong aims to start construction of the expressway section through the area before April 30, 2025, to celebrate the 50th anniversary of the liberation of the South and national reunification.

Investing 2,282 billion VND to build Minh Hung III Industrial Park Phase 2, Binh Phuoc Province

Deputy Prime Minister Tran Hong Ha has just signed Decision No. 440/QD-TTg dated February 27, 2025, approving the investment policy and investor for Minh Hung III Industrial Park Project, Phase 2 (Phase 1) in Minh Hung Ward, Chon Thanh Town, Binh Phuoc.

Minh Hung III Industrial Park, Binh Phuoc Province

The project has a scale of 483.4 hectares, with a total investment of VND 2,282 billion, of which the investor's capital contribution is VND 390.71 billion. The implementation progress is no more than 60 months from the date of land handover, and the operating period is until July 14, 2058.

The People's Committee of Binh Phuoc province is assigned to supervise the planning and approval, ensure infrastructure connection with the existing Minh Hung III Industrial Park and compliance with cultural heritage protection regulations. At the same time, check the land lease and land use conditions of investors and monitor capital sources.

Binh Long Rubber Industrial Park Joint Stock Company is responsible for investing in infrastructure according to the plan, implementing environmental protection procedures, depositing funds, using capital as committed and attracting projects in line with the industrial orientation of the Southeast region.

Hau Giang invests in resettlement area of ​​Ward IV, Vi Thanh City, capital of 378 billion VND

On February 27, Vice Chairman of Hau Giang Provincial People's Committee Nguyen Van Hoa signed Decision No. 335/QD-UBND approving the Resettlement Area Project in Ward IV, Vi Thanh City.

Vi Thanh City, Hau Giang

The project covers an area of ​​14.41 hectares, with about 640 resettlement sites, with a total investment of 378 billion VND from the local budget. Of which, compensation and resettlement support costs are over 124 billion VND, and construction costs are over 205 billion VND.

The project includes the following items: site clearance, traffic, trees, water supply and drainage, lighting, parks, wastewater treatment plants and other technical infrastructure.

Group B project, level III project, 50-year term, implemented from 2024 - 2027. Vi Thanh City People's Committee is responsible for implementation according to regulations.

Handing over the focal point to prepare for investment in Quy Nhon - Pleiku expressway worth 36,594 billion VND

The Minister of Transport has just assigned Project Management Board 2 to prepare a Pre-Feasibility Study Report for the Quy Nhon – Pleiku Expressway Project, to be implemented in 2025, with payment funds according to the allocated capital plan.

Prime Minister Pham Minh Chinh has agreed to change the investment form from PPP to public investment, assigning the Ministry of Transport to coordinate with the People's Committees of Gia Lai and Binh Dinh to prepare a research report and submit it to competent authorities for approval in May 2025. The Ministry of Transport will work with the Ministry of Planning and Investment and the Ministry of Finance to balance the central and local budgets for the project.

Quy Nhon - Pleiku Expressway is 123 km long, starting point in An Nhon (Binh Dinh), ending point in Pleiku City (Gia Lai), including 4 lanes, roadbed width 24.75 m, design speed 100 km/h (An Khe and Mang Yang tunnel sections are 80 km/h). Total preliminary investment is 36,594 billion VND, of which 3,733 billion VND is for site clearance, 26,833 billion VND for construction and equipment.

Expected to start construction in the 2026-2030 period, the project will connect the Central Highlands with the South Central Coast, increase the efficiency of exploiting existing infrastructure projects, promote the regional economy, develop seaports and border gates, and ensure national defense and security.

Ho Chi Minh City proposes to include a series of "huge" power projects in the adjusted Power Plan VIII.

Ho Chi Minh City People's Committee has just issued a document requesting the Government and the Ministry of Industry and Trade to add wind power, waste-to-energy, and gas-fired power projects to the adjusted Power Plan VIII.

Currently, Ho Chi Minh City is investing in waste-to-energy plants with a capacity of 240 MW, expected to increase by 100 MW by 2030. However, the Power Plan VIII only allocates 124 MW. To attract investment, the City proposes to increase the capacity of waste-to-energy plants to 340 MW or at least 249 MW.

Tam Sinh Nghia Waste-to-Energy Plant Project in Cu Chi District, Ho Chi Minh City to start construction in July 2024

Regarding wind power, Ho Chi Minh City proposed to include two offshore projects in Can Gio (capacity of 2,000 MW and 4,000 MW) in the Plan for implementing the adjusted Power Plan VIII. Investment in these projects is necessary to meet the clean energy needs of the Can Gio coastal urban area (2,870 ha) and the Free Trade Zone (1,000 - 2,000 ha) associated with the Can Gio International Transit Port.

The city also proposed adding the Hiep Phuoc LNG Power Plant Phase 2 to the planning, with a capacity of 1,500 MW, which can be increased to 3,000 MW, operating from 2029 - 2030.

In addition, Ho Chi Minh City proposed to soon guide the implementation and addition of the rooftop solar power project of SEHC Factory (22 MW) under the DPPA mechanism to the adjusted Power Plan VIII.

Consider selecting investors for Quang Tri Thermal Power Plant project

The consortium of T&T Group and SK E&S Co., Ltd. (Korea) has just worked with the People's Committee of Quang Tri province on the proposal to convert the Quang Tri Thermal Power Plant from coal to LNG. The investor hopes that the province will support and recommend the Ministry of Industry and Trade and the Government to add the project to the adjusted Power Plan VIII, in order to ensure the operation progress by 2030.

Acting Chairman of the Quang Tri Provincial People's Committee Ha Sy Dong said the province will propose that the Ministry of Industry and Trade organize a meeting with relevant parties to discuss the fuel conversion. If not approved, the province will ask investors to consider other LNG projects or wind power investments in the area.

The Southeast Quang Tri Economic Zone, where the investor proposed to implement the Quang Tri Thermal Power Plant project. Photo: Ngoc Tan

In addition to the T&T - SK E&S consortium, Power Generation Corporation 1 (EVNGENCO1) also proposed to be the project investor. Previously, the project had a total investment capital of more than VND55,000 billion (USD2.2 billion), a capacity of 1,320 MW, and was assigned to EGATi (Thailand) to implement under the BOT form but was stopped in May 2023.

EVNGENCO1 confirmed that the project has been approved in the Power Plan VIII and is in the group without an investor. This unit has experience implementing many thermal power projects and is committed to ensuring the operation progress of the Quang Tri Thermal Power Plant in the fourth quarter of 2030. If assigned to carry out the project, the survey and research process will take place from the second quarter of 2025 to the third quarter of 2026, with construction starting in the third quarter of 2027.

Hanoi sets start date for Tu Lien Bridge construction investment project

Chairman of Hanoi People's Committee Tran Sy Thanh said that Hanoi will start construction of Tu Lien bridge on May 19, 2025, followed by Tran Hung Dao bridge, while Ngoc Hoi bridge will be implemented as soon as the Prime Minister approves the investor.

Tu Lien Bridge project and roads at both ends of the bridge, total length of about 5.15km.

Tu Lien Bridge : 5.15 km long, connecting Nghi Tam Street (Tay Ho) with Truong Sa Street (Dong Anh).

Ngoc Hoi Bridge : 7.5 km long, connecting Hanoi with Hung Yen. Total investment 11,844 billion VND.

Tran Hung Dao Bridge : 5.6 km long, connecting Hoan Kiem with Long Bien. Total investment 15,967 billion VND.

The projects are about 40 days behind schedule. The Department of Transport proposed to assign the Project Management Board as the investor, apply a special mechanism to shorten appraisal, ensure site clearance reaches 50% before starting construction and complete in the second quarter of 2026.

Vice Chairman of the City People's Committee. Duong Duc Tuan said that Tu Lien and Ngoc Hoi will invest in the EPC model, Tran Hung Dao Bridge can apply BT to mobilize socialization resources.

Chairman of the Hanoi People's Committee Tran Sy Thanh emphasized that the three bridges are an important "test step" for Hanoi to achieve its growth target of over 8% in 2025. The city will apply a special mechanism, appointing contractors like the urban railway project, ensuring progress and efficiency. Departments, branches, districts and towns must immediately report difficulties for timely resolution.

Source: https://baodautu.vn/gan-18000-ty-dong-nang-doi-san-bay-phu-quoc-tphcm-nham-64000-ha-dat-lam -tod-d250010.html