Ha Giang proposes to build a 14,852 billion VND highway; Quang Tri approves EVN's 1,300 billion VND project

Proposal to invest in Tan Quang - Thanh Thuy border gate expressway with capital of 14,852 billion VND; Quang Tri approves EVN's 1,300 billion VND project... Those are two of the notable investment news in the past week.

Ha Giang proposes to build a 14,852 billion VND highway; Quang Tri approves EVN's 1,300 billion VND project

Proposal to invest in Tan Quang - Thanh Thuy border gate expressway with capital of 14,852 billion VND; Quang Tri approves EVN's 1,300 billion VND project... Those are two of the notable investment news in the past week.

Thu Duc City will auction 3 land plots to build TOD in 2025

The People's Committee of Thu Duc City has just issued a plan to deploy TOD areas along Metro Line 1 and Ring Road 3 according to Resolution 98/2023/QH15. The three selected areas include Phuoc Long Station (Truong Tho Ward, Phuoc Long A) with an area of ​​160 hectares, the Coconut Farm land (Long Truong Ward) with an area of ​​152 hectares and the Nhatico Factory area (Long Binh Ward) with an area of ​​29 hectares. These areas are respectively connected to Metro Line 1 and Ring Road 3, planned as mixed-use land, public works or residential land, aiming to develop urban areas according to the TOD model.

Some land plots around metro station No. 1 (Ben Thanh - Suoi Tien) will be used as TOD model - Photo: Le Toan

According to the plan, Thu Duc City will adjust the planning, reclaim land, resettle and implement urban, commercial and service improvement projects associated with the public transport system. The implementation roadmap is expected to complete the planning adjustment by the third quarter of 2025, and from the fourth quarter of 2025, investors will be selected and projects approved for implementation. Revenue from land auctions in these areas will be reinvested in Ho Chi Minh City's infrastructure, contributing to promoting sustainable urban development.

Ho Chi Minh City plans to start construction of metro line 2 at the end of this year.

The Ho Chi Minh City Department of Transport and Public Works has just submitted to the City People's Committee a draft plan to deploy the urban railway system after the National Assembly passed Resolution 188, allowing the application of special mechanisms to speed up progress. Notably, metro line 2 (Ben Thanh - Tham Luong) will start construction in December 2025, earlier than the previous plan in 2026. Currently, the site clearance work has reached 99.83%, with only problems remaining at the District 3 Police headquarters, expected to be handed over in the first quarter of 2025. The relocation of the technical infrastructure system is also being implemented and will be completed in the third quarter of 2025.

Metro line 2 will run underground under Cach Mang Thang Tam Street. Photo: Le Toan

According to the plan, from now until mid-2025, the project will complete the survey, overall technical design and feasibility study documents. The feasibility study report is expected to be approved in September 2025, selecting a contractor in October before starting construction at the end of the year. Metro Line 2 is more than 11 km long, approved in 2010 with an initial total investment of 1.3 billion USD, then adjusted to 2.1 billion USD in 2019. Faced with difficulties in arranging finance due to changes in borrowing conditions from international donors, Ho Chi Minh City has decided to switch to investment with budget capital.

In addition to Metro Line 2, the draft plan also mentions the remaining 6 metro lines. From 2025-2027, these lines will undergo procedures and site clearance. In the 2027-2035 period, contractors will be selected, constructed, and expected to be put into operation in 2035.

Dong Nai needs 30,000 billion VND to invest in metro line connecting to Ho Chi Minh City

On March 3, the Dong Nai Provincial People's Committee worked with a consulting unit on a plan to connect the metro line from Suoi Tien (HCMC) to Dong Nai. According to TEDI South's research, the metro line is nearly 21 km long, including 13 stations and a depot of more than 23 hectares. The line starts from Suoi Tien bus station (HCMC) and ends at the depot expected in Ho Nai 3 commune, Trang Bom district. The two proposed options are to go above ground or underground, with a total preliminary investment of about VND30,000 billion.

Metro line No. 1 (Ben Thanh - Suoi Tien) is planned to extend to Dong Nai and Binh Duong - Photo: Le Toan

Regarding capital sources, the consulting unit proposed three options including local public investment capital, support from the central budget and ODA loans or issuing local government bonds. Vice Chairman of Dong Nai Provincial People's Committee, Mr. Ho Van Ha, emphasized that the key issue is capital mobilization. He assigned the Department of Construction to put the project on the priority list and proposed to establish a Working Group to develop an investment project, and at the same time study specific mechanisms to propose central government support for capital. Regarding the route, Dong Nai prioritizes the underground option to ensure urban aesthetics.

Previously, in 2023, the Ho Chi Minh City Department of Transport studied the plan to extend metro line 1 to Binh Duong and Dong Nai, with a total length of 53.3 km, divided into three sections. Section 1 from Suoi Tien station to Binh Thang station (Binh Duong) is 1.8 km long, with a capital of nearly 3,000 billion VND invested by Ho Chi Minh City. Section 2 from Binh Thang station to Tan Uyen city (Binh Duong) is 31.3 km long, including 14 stations and one depot, with a capital of nearly 52,000 billion VND invested by Binh Duong. Section 3 from Binh Thang station to Trang Bom district (Dong Nai) is 20 km long, including 11 stations and one depot, with a capital of more than 31,400 billion VND invested by Dong Nai. Currently, both Binh Duong and Dong Nai are planning to auction land along traffic routes to reinvest in the inter-regional railway and expressway system.

Quang Tri approves 2 projects proposed by Sam Holdings

Sam Holdings Joint Stock Company has just reported to the People's Committee of Quang Tri province on the survey results and proposed a project for a high-end residential, resort, sports and entertainment complex in Gio Linh district. Previously, on January 16, the company proposed this project with a scale of about 1,760 hectares, spanning Gio My, Gio Hai and Trung Giang communes, including many sub-areas such as the central area, resort, high-end residential area and golf course complex. The total expected investment is VND102,865 billion, with the ability to create jobs for 44,800 workers.

Sam Holdings Joint Stock Company proposed a project for a high-end residential, resort, sports and entertainment complex along the coast of Gio Linh district with a scale of about 1,760 hectares.

At the meeting on March 4, Sam Holdings proposed that the Provincial People's Committee consider and facilitate the implementation of three component projects in the 2025-2030 period. These projects include an 18-hole golf course on an area of ​​120 hectares and two mixed-use urban areas with a total area of ​​about 150 hectares. The project is planned to high standards, with a synchronous infrastructure system, resort villas, buffer zone residential areas, and high-end amenities to meet the needs of resorts, sports, commerce and entertainment, aiming at sustainable tourism development.

To ensure feasibility, Vice Chairman of Quang Tri Provincial People's Committee Hoang Nam agreed to allow the company to study two component projects: an 18-hole standard golf course with an area of ​​90-150 hectares and a mixed-use urban area of ​​about 100 hectares. At the same time, he assigned the Department of Finance to coordinate with departments, branches and Gio Linh District People's Committee to support investors and review planning to avoid overlap. The Department of Construction was also assigned to submit to the Provincial People's Committee a master plan for the Quang Tri coastal area until 2045, creating a basis for attracting investment, while the Department of Finance advised on allocating local budgets for planning work.

Ubisoft Group wants to operate at Danang Software Park No. 2

On March 4, Chairman of the Da Nang People's Committee Le Trung Chinh received a delegation from Ubisoft Group (France) led by Global Vice President Francis Baillet and Managing Director of Ubisoft Vietnam Alexis Fischer. This visit aimed to discuss cooperation opportunities after the city leaders had a working session at the Ubisoft Office in Paris in 2024.

Chairman of Da Nang City People's Committee Le Trung Chinh received the delegation of Ubisoft Group (France) during their visit and working session in the city. Photo: Ngo Huyen

At the meeting, Chairman Le Trung Chinh said that the Central Government has issued a number of specific mechanisms to develop Da Nang in the fields of semiconductors, information technology, digital transformation and innovative startups. The city currently has three concentrated information technology zones that have been operating for many years, along with Software Park No. 2, which was put into operation in early 2025, providing jobs for more than 6,000 employees. Da Nang is actively calling for investment in this zone and continuing to develop additional information technology zones invested by enterprises outside the budget. In addition, the city also has an international standard healthcare and education system, creating favorable conditions to attract foreign experts to work. The Chairman of the Da Nang People's Committee affirmed that the city is committed to accompanying and creating the most favorable conditions for Ubisoft to expand its operations.

Ubisoft Vietnam Managing Director Alexis Fischer expressed his gratitude for the support from the city government, helping the group to soon receive the Investment Certificate. He said that the Ubisoft branch in Da Nang has just released a locally designed and manufactured product, which has been highly appreciated by the market and nominated for an international award in New York. Proud of its “Made in Da Nang” products, Ubisoft is also planning to move into operation at Software Park No. 2 in 2026, with a scale of 1,000 m² and about 130 employees.

Construction of 500 kV Lao Cai - Vinh Yen transmission line, section passing through Phu Tho province

On the morning of March 5, 2025, in Phu Tho, Vietnam Electricity Group (EVN) organized the construction of the 500 kV Lao Cai - Vinh Yen transmission line, the section passing through Phu Tho province. The local transmission line is 41.06 km long, including 94 column foundation locations, passing through three districts: Doan Hung, Thanh Ba and Phu Ninh. The project not only ensures energy sources for the province's socio-economic development but also creates more jobs for local workers.

EVN and contractors present social security gifts to localities.

According to Director of Power Project Management Board 1 (EVNPMB1) Bui Phuong Nam, the necessary conditions for implementing the 8HH-DZ500LC package have been completed, ensuring compliance with regulations. The management board requires the joint venture of contractors - Viet A Industrial Trade Investment Group Joint Stock Company and Viet Vuong Joint Stock Company - to carry out the construction with a high sense of responsibility, ensuring progress, quality and environmental safety. Design consultants and supervisors are mobilized to promptly resolve arising issues, ensuring the progress of the project.

The representative of the contractor consortium, Mr. Nguyen Duc Thanh - Deputy General Director of Viet A Industrial Trade Investment Group Joint Stock Company - said that this package includes 46 pole positions. The contractor has completed the site clearance and road borrowing procedures, and is ready to deploy with 18 foundation casting teams and 11 pole erection teams. In particular, the unit has a plan to construct two poles across the Lo River with a height of 130 m - one of the special items of the project.

EVN requested the People's Committee of Phu Tho province and local departments and agencies to continue supporting the work of compensation, resettlement, and site handover to ensure synchronous construction progress along the entire route. The Power Project Management Board 1 and contractors were assigned to focus resources and equipment to speed up progress, ensuring quality and safety of the project.

The Lao Cai - Vinh Yen 500 kV Transmission Line Project is a national key project, approved in principle by the Prime Minister. With a length of 229.5 km, a total of 468 pole foundation positions, the transmission line passes through four provinces of Lao Cai, Yen Bai, Phu Tho and Vinh Phuc, connecting from the Lao Cai 500 kV station to the Vinh Yen 500 kV station. The total investment is more than VND 7,410 billion, of which 80% is from Vietcombank loans, 20% is EVN's counterpart capital. When operating, the transmission line will transmit 2,000 - 3,000 MW from hydropower plants in the Northwest region to the national grid, improving the stability and efficiency of the power system. Previously, on March 3, 2025, EVN held a ceremony to launch the construction of the section through Yen Bai province.

Ho Chi Minh City starts construction of 3,500 billion VND waste-to-energy plant project

On the morning of March 5, in Cu Chi District, Ho Chi Minh City, VietStar Joint Stock Company held a groundbreaking ceremony for the VietStar Waste-to-Energy Plant with a processing capacity of 2,000 tons/day and a total investment of VND3,500 billion. This is the second plant in Ho Chi Minh City to be deployed under Resolution 98/2023/QH15 on piloting a specific mechanism, marking a step forward in urban waste management.

Perspective of VietStar waste-to-energy plant

The project applies German technology, combining waste treatment and waste incineration to generate electricity, and is expected to be completed after 16 months of construction. VietStar General Director, Mr. Ngo Nhu Hung Viet, shared that the company has been preparing for 10 years to be able to start the project, committed to applying the most advanced technology and completing it in the shortest time.

Speaking at the groundbreaking ceremony, Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong emphasized that Ho Chi Minh City is facing a major challenge in environmental pollution, especially the problem of managing 10,000 tons of household waste every day. He affirmed that this project not only helps to treat waste but is also an important step forward in developing renewable energy, reducing greenhouse gas emissions and improving the living environment. At the same time, he suggested that VietStar shorten the progress to 12-14 months and increase the rate of recycling and reusing waste, instead of focusing only on burning waste to generate electricity.

Currently, Ho Chi Minh City has approved investment policies for four projects to convert solid waste treatment technology to waste-to-energy incineration. Of these, two projects have been granted investment certificates: VietStar Factory (2,000 tons/day) and Tam Sinh Nghia Factory (2,000 tons/day), starting construction in July 2024. The remaining two projects of Tasco and Vietnam Waste Treatment Company Limited are completing investment procedures.

More than 40,000 billion VND is about to be invested in Quang Nam

On the morning of March 5, at the conference to deploy the Plan to implement the Planning period 2021-2030, vision to 2050 and promote investment in 2025, Quang Nam province awarded investment certificates and signed investment research agreements for many large projects.

Of which, the province has granted investment registration certificates to six projects, including the Wiring Harness auto parts assembly project of Kyung Rim Tech Company (Korea) in Dien Nam - Dien Ngoc Industrial Park with a total capital of VND146 billion, the packaging industry support factory of Oriental Commerce Vina Company (Korea) in Tam Thang Industrial Park worth VND186 billion, the R&D center of Thaco Auto in Chu Lai Truong Hai Industrial Park with a capital of over VND292 billion, the household appliance manufacturing factory of Standard Track Company Limited (China) in Tam Thang 2 Industrial Park with a capital of VND58 billion, and the factory for rent project of Portillo Estudio Limited (Hong Kong) in Dien Nam - Dien Ngoc Industrial Park worth over VND216 billion. In addition, Tucai, SA Company (Spain) also received an investment certificate for the flexible hose manufacturing project with a total capital of over VND187 billion.

Quang Nam provincial leaders awarded investment certificates to 6 projects with a total capital of more than 1,087 billion VND.

In addition, Quang Nam province has signed an agreement to study and invest in four important projects. Truong Hai Group will study the project of dredging Cua Lo channel for 50,000-ton ships in Nui Thanh district with a capital of more than VND7,200 billion. Capella Quang Nam Joint Stock Company plans to invest in developing infrastructure for Tam Thang Industrial Park 2 expansion in Thang Binh district with a capital of more than VND600 billion. Nam Hoi An Development Company Limited continues phase 2 of Nam Hoi An resort with a total capital of more than USD1 billion. Meanwhile, Viet Phuong Group studies investment in infrastructure for Bac Thang Binh Industrial Park 1 and 2 with a capital of more than VND6,500 billion.

Speaking at the conference, Quang Nam Provincial Party Secretary Luong Nguyen Minh Triet affirmed that the province has a clear orientation and a solid foundation for development. With the motto of taking people and businesses as the center, Quang Nam is committed to strongly improving the investment environment, promoting administrative reform and attracting investment in a professional and effective manner. The province will focus on three strategic breakthroughs in institutions, infrastructure and human resources, with the spirit of "open institutions", "transparent infrastructure" and "high-quality human resources and public services". At the same time, Quang Nam is determined to build an open, transparent and equal investment environment, ensuring the legitimate rights of businesses and investors.

Khanh Hoa calls for investment capital for 156 off-budget projects

Chairman of Khanh Hoa Provincial People's Committee, Mr. Nguyen Tan Tuan, has just signed a decision approving the list of projects calling for non-budgetary investment capital for the period 2025 - 2030. According to this list, the whole province has 156 projects needing to attract investment, of which Nha Trang has 45 projects, Cam Ranh 41 projects, Ninh Hoa 18 projects, Cam Lam 3 projects, Dien Khanh 15 projects, Van Ninh 4 projects, Khanh Vinh 12 projects and Khanh Son 18 projects.

From 2025 to 2030, Khanh Hoa province has about 156 projects that need to call for non-budgetary investment capital. Photo: Linh Dan

The Provincial People's Committee assigned the Department of Finance to coordinate with the Van Phong Economic Zone Management Board and related departments, branches and localities to announce the list, call for investors, monitor the implementation process and promptly advise on adjusting the project list in accordance with the new planning. At the same time, the Department is also responsible for proactively organizing the selection of investors according to regulations.

According to the report of the Provincial People's Committee, in 2024, Khanh Hoa attracted 26 non-budget investment projects with a total registered capital of more than VND 50,654 billion, and adjusted the capital increase for 17 projects with an increase of about VND 3,089 billion. The province also revoked 5 projects with a total registered capital of VND 5,346 billion. A number of large-scale projects are being rapidly implemented, including Cam Ranh Bay Urban Area, KN Paradise Resort and Entertainment Complex, Vinhomes Happy Home Social Housing in Cam Nghia and Dien Khanh District Administrative Urban Area.

Quang Tri approves EVN's 1,300 billion VND project

Quang Tri Provincial People's Committee said that the acting Chairman of the Provincial People's Committee Ha Sy Dong has just signed a decision approving the investment policy of the Quang Tri 2 500 kV Switching Station project and the connecting 500 kV lines. The project is invested by Vietnam Electricity Group (EVN), implemented in Cam Lo district on an area of ​​11.05 hectares. Of which, the switching station area and the road to the station occupy 10.51 hectares, while the connecting 500 kV line and the 22 kV line for self-consumption power supply occupy 0.54 hectares.

The project aims to release the capacity of renewable energy projects in Quang Tri province and in the region to the national power system.

The project has a total investment of more than VND 1,300 billion, of which the investor's capital contribution is VND 345.3 billion, the rest is mobilized from other financial sources. The project includes a one-story control house, an outdoor 500 kV distribution yard, a fire protection system, internal roads, protective fences and drainage embankments. In addition, the project will build two branches connecting to the 500 kV Quang Trach - Doc Soi line with a length of about 0.9 km, along with a 22 kV line for self-consumption power supply of 0.7 km.

The project aims to release capacity from renewable energy sources in Quang Tri and the region, reserve electricity imports from Laos, and ensure stable and reliable electricity supply for socio-economic development. The project also contributes to reducing power loss and improving safety and reliability in the operation of the national power transmission system. According to the plan, the project will start construction in the second quarter of 2026 and be completed and energized in the fourth quarter of 2027.

Quang Tri Provincial People's Committee emphasized that Cam Lo district is a locality with difficult socio-economic conditions, so the project will enjoy preferential investment policies according to regulations. At the same time, the province requires EVN to implement the project on schedule and comply with legal regulations. If the commitment is violated, the project may be handled or terminated according to regulations.

Proposal to invest in Tan Quang - Thanh Thuy border gate expressway with capital of 14,852 billion VND

The People's Committee of Ha Giang province has just sent an official dispatch to the Prime Minister proposing to invest in the Tuyen Quang - Ha Giang expressway project (phase 2), the section from Tan Quang to Thanh Thuy international border gate in the form of public investment. The province proposed to include the project in the medium-term public investment plan for the period 2026 - 2030 for early implementation, and at the same time requested support of 2,000 billion VND in 2025 to carry out compensation, site clearance and resettlement.

Illustration photo.

The project has a total length of 58.5 km, passing through Bac Quang district, Vi Xuyen district and Ha Giang city. The starting point is at Km27+480, Tan Quang commune, Bac Quang district, adjacent to the end point of Tuyen Quang - Ha Giang expressway (phase 1); the end point is at Thanh Thuy international border gate, about Km307+500 National Highway 2. The route is designed according to the standards of a class 100 expressway, with a speed of 100 km/h, difficult terrain sections will apply a speed of 80 km/h, with a scale of 4 lanes and a roadbed of 25.25 m wide.

Regarding the route, the expressway will arrange an intersection in Tan Quang commune, then go along the mountainside on the left bank of the Lo River, connecting the center of Vi Xuyen district and Binh Vang industrial park at Km52. Continuing along the mountainside to Km68, the route will have an interchange at the southern gateway of Ha Giang city, then go through the city and end at Thanh Thuy border gate. The project has a total investment of 14,852 billion VND, using public investment capital.

The People's Committee of Ha Giang province plans to prepare for investment, site clearance and resettlement from 2025 to 2026; construction will start in 2026, and be completed and put into operation in 2028. When completed, the project will strengthen connectivity with the Tuyen Quang - Phu Tho and Noi Bai - Lao Cai expressways, creating an economic development corridor between Ha Giang and the Red River Delta, the capital Hanoi, and the northern seaport. This is also an important step to strengthen cooperation between Vietnam and China, especially when China has invested in the expressway to Thanh Thuy border gate.

Currently, the only way to transport goods from Vietnam to Thanh Thuy border gate is by road (National Highway 2), so the investment in Tuyen Quang - Ha Giang Expressway (Phase 2) is urgent, contributing to promoting socio-economic development not only of Ha Giang but also of the entire Northern Midlands and Mountains region.

Revealing the investor implementing Phuoc Minh 3 Industrial Cluster in Ninh Thuan

Dai Hung Thuan Construction Investment Company Limited is the only investor that submitted documents and was selected to implement the Phuoc Minh 3 Industrial Cluster Project in Thuan Nam District, Ninh Thuan Province. According to the announcement from the Department of Industry and Trade of Ninh Thuan Province, the Evaluation Council has scored and determined that this enterprise fully meets the requirements with an average total score of 79.7 points.

Location of Phuoc Minh 3 Industrial Cluster Project. Photo: Department of Industry and Trade of Ninh Thuan province.

Phuoc Minh 3 Industrial Park has a scale of 45 hectares, located in Phuoc Minh commune, Thuan Nam district, with a strategic location adjacent to the planned route connecting from Thuan Nam District Administrative Center to Ca Na General Port, BIM 1 Solar Power Plant and Phuoc Nam Industrial Park. The industrial park is oriented to attract manufacturing and processing industries, prioritizing the production of agricultural, forestry and fishery products, mechanical assembly, electronics, high technology, and industries that have little impact on the environment.

According to Decision No. 793 of the Ninh Thuan Provincial People's Committee, investors must achieve a minimum of 50 points on a 100-point scale to be considered for approval. Dai Hung Thuan Company achieved 28.5 points for capacity and experience; 22.1 points for financial plan; 14.5 points for technical infrastructure investment and 14.6 points for environmental management and protection plan. The Evaluation Council reported this result to the Provincial People's Committee for official approval.

Dai Hung Thuan Construction Investment Company Limited was established in October 2023, registered in Phan Rang - Thap Cham City, operating in the field of real estate and construction. The company's director, Mr. Hong Anh Nghi, is also the legal representative of three other enterprises in the field of aluminum and glass manufacturing, processing and interior decoration.

Currently, Ninh Thuan province has six industrial clusters, four of which are invested by enterprises. In 2025, the province aims to complete procedures for selecting investors for at least five new industrial clusters, including Phuoc Minh 3, Seafood Processing, Tri Hai, Loi Hai 1 and Loi Hai 2. Phuoc Minh 3 Industrial Cluster is expected to start construction in 2025, contributing to promoting local industry and attracting investment to Ninh Thuan.

German enterprise proposes green steel project in Ninh Thuan, capital of 3.1 billion USD

VFT Bio Fuels UG Company has just proposed to invest in a green steel project in Du Long Industrial Park, Thuan Bac District, Ninh Thuan Province. The project has a scale of 250 hectares, a capacity of 1.1 million tons/year, with a total investment of 3.1 billion USD.

At the meeting with the Ninh Thuan Provincial People's Committee, representatives of VFT Bio Fuels UG introduced the project with modern technology, closed operation and environmental friendliness. When put into operation, the project is expected to create jobs for 500 - 10,000 workers, while providing products to the Vietnamese and European markets. The enterprise also wishes to learn more about traffic infrastructure, preferential policies, legal procedures and local human resources to have a suitable implementation plan.

VFT Bio Fuels UG Company and Du Long Industrial Park Management Board watch the introduction video about Cam Ranh Port. Source: Cam Ranh Port.

Chairman of Ninh Thuan Provincial People's Committee Tran Quoc Nam assessed that this is a special project, implemented for the first time, with high requirements on safety and environmental protection. He also emphasized that the project has the potential to bring in a large amount of carbon credits, helping to earn about 100 million USD per year, creating a competitive advantage compared to other projects. Provincial leaders committed to accompanying and creating the most favorable conditions for investors to confidently implement the project. At the same time, relevant departments and branches were assigned to closely coordinate to support businesses in realizing their investment plans.

After the working session, VFT Bio Fuels UG and the Du Long Industrial Park Management Board visited Cam Ranh Port (Khanh Hoa) to learn about logistics capacity, raw material transportation and product export. Representative of Cam Ranh Port, Mr. Pham Huu Tan, Chairman of the Board of Directors, introduced the capacity to receive ships with a capacity of 50,000 DWT, as well as the ability to handle oversized and overweight cargo. VFT Bio Fuels UG also conducted a survey of the loading and unloading of exported stone at the port to assess the possibility of cooperation in the logistics service chain.

Previously, on February 27, 2025, the People's Committee of Binh Dinh province and Becamex Joint Stock Company also worked with VFT Biofuels UG on the plan to deploy a green steel production complex in Binh Dinh. VFT Biofuels UG, headquartered in Germany, operates in the field of management consulting and development of projects to reduce CO2 emissions, especially through the use of renewable raw materials.

Appraisal of Chon Thanh - Gia Nghia expressway worth 20,434 billion VND

The People's Committee of Binh Phuoc province has just submitted a proposal to the Ministry of Construction to appraise the Feasibility Study Report of Component 1 of the North-South Expressway in the West, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) section, implemented under the PPP method. This is the most important component project in the overall North-South Expressway in the West, whose investment policy was approved by the National Assembly in June 2024.

Illustration photo.

The project starts at the intersection with Ho Chi Minh Road (National Highway 14) at Km 1923+400, in Kien Thanh Commune, Dak R'Lap District, Dak Nong, and ends at Chon Thanh Town, Binh Phuoc. The expressway is 124.13 km long, of which 23.1 km passes through Dak Nong and 101.03 km passes through Binh Phuoc. Designed for a speed of 100 - 120 km/h, the route has a complete scale of 6 lanes with a roadbed width of 32.25 m (the section through Dong Xoai City is 33 m wide). In the initial investment phase, the route will have 4 expressway lanes with a roadbed width of 24.75 m, the section through Dong Xoai City is 25.5 m wide.

The total investment of component project 1 is VND20,434 billion, of which VND6,842 billion is supported by the state capital, the remaining VND13,592 billion is mobilized by the investor. The project is expected to start construction in 2025, basically complete in 2026 and put into operation from 2027. The payback period according to the financial plan is expected to last 35 years and 1 month.

When completed, the project will become a key expressway connecting the Central Highlands with the Southeast, helping to link Binh Phuoc, Dak Nong provinces and neighboring localities with Ho Chi Minh City. The route not only creates development momentum for the Central Highlands and the Southeast, but also contributes to effectively exploiting land potential, developing tourism, processing industry, and mineral exploitation. The project is consistent with the orientation of regional and national economic development according to the resolutions of the Party and the Politburo.

Hanoi invests nearly 200 billion VND to build 4 roads in Thuong Tin district

The Hanoi People's Committee has just approved the investment policy for the Do Van - Do Dang road construction project in Van Diem commune, Thuong Tin district, with a total estimated investment of about 196 billion VND. This project is part of the plan to develop suburban traffic infrastructure, aiming to enhance connectivity, promote trade and reduce traffic pressure on the district's main roads.

Sketch of Van Diem commune, Thuong Tin district. Photo: Google

According to Decision No. 1249/QD-UBND, the project includes four routes with a total length of 1.65 km, connecting residential areas with important traffic infrastructure, especially the Phap Van - Cau Gie Expressway. The project is expected to be implemented from 2025 and completed in 2027. When put into use, this road system will help improve traffic capacity, creating favorable conditions for the transportation of goods and raw materials between craft villages and industrial parks in the area.

Thuong Tin District is focusing on developing transport infrastructure to attract investment and promote socio-economic development. As a locality with many traditional craft villages and expanding industrial zones, the completion of a synchronous transport system is an urgent need. Van Diem Commune, famous for its mechanical engineering and woodworking, will benefit greatly from this project. When transport infrastructure is upgraded, businesses and households will have the opportunity to expand their markets, reduce logistics costs and improve their competitiveness. At the same time, better connectivity can attract more businesses to invest, expand production and create more jobs for local people.

The People's Committee of Thuong Tin district is assigned to preside over and coordinate with relevant departments and branches to complete the feasibility study report and submit it to competent authorities for approval in accordance with the provisions of the Law on Public Investment. Agencies such as the Department of Finance, Department of Construction, Department of Planning and Architecture, Department of Agriculture and Environment will participate in supervising, guiding and supporting the implementation of the project on schedule, ensuring the quality and set goals.

During the construction process, local authorities need to have a plan to compensate and provide reasonable support for affected households and businesses to avoid slowing down the progress. Planning work also needs to be carried out synchronously, ensuring harmonious connection with other infrastructure projects in the area, avoiding fragmented construction.

When the project is completed, the modern transportation system will help shorten travel time, reduce congestion, ensure traffic safety and promote economic activities. At the same time, the completion of infrastructure will upgrade the urban appearance of Thuong Tin district, bringing the locality to develop in a modern and civilized direction.

In the first two months of the year, Ho Chi Minh City granted 153 new FDI projects with a total capital of 89.15 million USD.

On March 6, the Ho Chi Minh City Department of Finance announced the socio-economic situation in the first two months of 2025, showing many positive signs. Total retail sales of goods and consumer service revenue is estimated at VND212,721 billion, up 15.9% over the same period last year. Of which, retail sales of goods increased by 25.6%, while accommodation and catering services increased sharply by 40.5%. Exports also grew impressively, reaching 7.86 billion USD, up 19.17%.

The tourism industry continued to flourish with estimated revenue of VND37,417 billion, up 30.2%. The number of international visitors to Ho Chi Minh City reached about 1.044 million, up 15.7%, affirming the city's position on the international tourism map. In the field of transportation, the volume of public passenger transport increased by 18.9%, the number of passengers passing through Tan Son Nhat airport reached more than 7 million, up 5%. Notably, metro line No. 1 (Ben Thanh - Suoi Tien) transported more than 3.8 million passengers, initially showing effectiveness.

Credit and industrial production also maintained growth momentum. Total outstanding credit by the end of February reached VND3.97 trillion, up 13.16%. The index of industrial production (IIP) increased by 6.09%, of which four key industries increased by 5.82% and three traditional industries increased sharply by 11.75%. Ho Chi Minh City continued to be a bright spot in attracting foreign direct investment (FDI), with total attracted capital reaching 365.8 million USD, up 87.1%. The city also granted new investment registration certificates to 153 projects, with a total registered capital of 89.15 million USD.

The city's budget achieved positive results when the total budget revenue was estimated at VND108.8 trillion, completing 20.92% of the annual estimate and increasing by 7.1% over the same period. Of which, domestic revenue reached VND91,799 billion, while revenue from import-export activities reached VND17,000 billion. The city also accelerated the implementation of key projects, especially projects to celebrate the 50th anniversary of the Liberation of the South and National Reunification, contributing to changing the urban landscape.

However, Ho Chi Minh City still faces a number of challenges. Although the total newly registered and additional capital increased by 22.8%, the number of newly established enterprises decreased by 37.6% in quantity and 47.9% in registered capital. At the same time, the number of enterprises temporarily suspending operations increased by 12.3%, showing difficulties in production and business activities. In addition, traffic violations due to alcohol use remain high, requiring stronger solutions to ensure traffic safety and urban order in the coming time.

Foreign investors are allowed to hold up to 95% of the charter capital of offshore wind power companies.

According to Decree 58/2025/ND-CP detailing a number of articles of the Electricity Law on renewable energy development, foreign investors wishing to participate in bidding and investing in offshore wind power projects (OWP) in Vietnam must meet five conditions.

The investor must have experience in developing at least one offshore wind power project in operation in Vietnam or internationally. If investing directly, the minimum capital contribution ratio is 15% of the total project investment, with a minimum equity ratio of 20% of the contributed capital. In case of no capital contribution, the investor must undertake one of the following roles: project management, design or construction. If there are multiple investors in a joint venture, the experience will be calculated from the members.

Construction site for manufacturing foundations for offshore wind power projects abroad of PTSC, a member of Petrovietnam.

A foreign direct investment project in Vietnam must also involve domestic enterprises with a minimum of 5% of charter capital or total voting shares. However, this enterprise must have at least 50% state capital or be a 100% state-owned enterprise. In addition, foreign investors must have written approval from the Ministry of National Defense, the Ministry of Public Security and the Ministry of Foreign Affairs before carrying out the investor selection procedure. Investors must also commit to using human resources, goods and services from domestic suppliers according to the principles of competition in price, quality and progress.

Domestic investors wishing to participate in the investment in the GHG project must also meet similar conditions, including financial capacity with a minimum equity ratio of 20% on the contributed capital and a minimum total investment of 5%. Domestic investors must also have experience in developing at least one energy project that has been operated in Vietnam or internationally, or have experience in project management, design, and construction. If it is a consortium, the experience requirement will be calculated from the total of the members.

The selection of investors for the GHG projects will comply with Article 29 of the Decree. For projects selling electricity to the national grid, except for projects whose investment policies have been approved by the Prime Minister, all will be implemented in accordance with regulations on investment, bidding and electricity. The electricity price in the bidding documents must not exceed the ceiling price issued by the Ministry of Industry and Trade, and the winning bid price will be the maximum price for negotiation between the investor and the electricity buyer. EVN is responsible for purchasing electricity upon request from the competent authority but must comply with the negotiation and signing procedures for the electricity purchase and sale contract.

The successful investor must approve the Feasibility Study (FS) within 24 months from the date of signing the investment project contract. Within 30 months from the date of signing the contract, the power purchaser and the investor must agree on the power purchase contract price to ensure the project implementation progress according to the national power development plan.

For projects on electricity production for export not through the national grid, investors must comply with the provisions of the law on investment, bidding and electricity. These projects must be implemented entirely by domestic enterprises or must hold more than 50% of the charter capital in the project implementation organization. The electricity export price must not be lower than the maximum price issued by the Ministry of Industry and Trade at the time of bidding.

The conclusion of a project investment contract must comply with legal regulations, while the power purchase contract must be agreed upon by the parties but must not be contrary to current regulations of Vietnam.

The Prime Minister will approve the investment policy and select investors in some special cases. Specifically, if a 100% state-owned enterprise proposes a GHG import project to implement itself or assign it to a subsidiary owned by this enterprise, it can form a joint venture with another investor to implement the first project. However, the State enterprise must maintain a charter capital holding ratio or voting shares of over 50% in the economic organization implementing the project.

Will inspect the operations of 9 projects in industrial parks and economic zones of Quang Tri

The Quang Tri Provincial Economic Zone Management Board has just approved the Plan to inspect investment projects in industrial parks (IPs) and economic zones (EZs) in the province in 2025. According to the plan, 9 projects will be inspected to assess the operation situation and compliance with regulations on investment, land, construction and environment.

Quan Ngang Quang Tri Industrial Park will have 3 projects inspected in May 2025.

At Nam Dong Ha Industrial Park, two projects will be inspected in April 2025, including the rice milling factory of Quang Tri Organic Agricultural Products Joint Stock Company and the factory producing pressure-treated wood blanks, finger joint boards, and fine art wooden furniture of Tin Dat Thanh Joint Stock Company. Meanwhile, at Quan Ngang Industrial Park, three projects are scheduled to be inspected in May 2025, including the Hanoi - Quang Tri Brewery of Hanoi - Quang Tri Beer Joint Stock Company, the factory producing fireproof paint and fireproof liquid of Tozen Vietnam Joint Stock Company and the Quan Ngang factory and office for lease area of ​​Nippon Solar Energy Joint Stock Company.

In Lao Bao Special Economic Zone, three projects will be inspected in June 2025, including the Chinese Trade Zone of Thai Duong - Lao Bao Trade Development Company Limited, Mai Linh Lao Bao Rest Stop of Duc Nhan Lao Bao Company Limited and 18 Lao Bao Center of 18 Lao Bao Company Limited. In Dong Nam Quang Tri Economic Zone, the Industrial Shrimp Farming Area project on sand in Hai Ba commune and Hai An commune of Vietnam High-Tech Aquaculture Company Limited (CP Vietnam Livestock Joint Stock Company) will be inspected in April 2025.

According to Mr. Pham Ngoc Minh, Head of the Quang Tri Economic Zone Management Board, this inspection aims to review the implementation of commitments in the investment approval document, evaluate the production and business situation, as well as check compliance with regulations on land, construction and environment. The Board has assigned specialized departments to preside over the inspection, advise on the establishment of an inspection team and develop a detailed plan to send to relevant enterprises. After completion, the inspection team will summarize the results, propose solutions to overcome limitations, implementation solutions and notify the conclusion according to regulations.

Hanoi prepares to build urban railway line number 5

The Hanoi People's Committee has just requested the completion of the investment project for urban railway line No. 5, Van Cao - Ngoc Khanh - Lang - Hoa Lac section in 2025 for approval and early implementation of the next steps. According to Decision No. 1301/QD-UBND, the Hanoi Urban Railway Management Board is assigned to carry out investment preparation work, ensuring that this project becomes one of the key transport infrastructures of the capital.

Perspective of Urban Railway Project Line No. 5, Van Cao - Ngoc Khanh - Lang - Hoa Lac in Hanoi.

Metro Line 5 has a total length of nearly 39 km, including 21 stations with 6.5 km underground, 2 km elevated and 30 km above ground. The station system stretches through central districts such as Ba Dinh, Dong Da, Cau Giay, Nam Tu Liem, and extends to Hoai Duc, Quoc Oai, and Thach That districts. In particular, the line connects directly to the satellite city of Hoa Lac - an area planned to become the leading high-tech and educational center in the North.

The project includes two depots for train maintenance and operation. Depot No. 1 is located in Son Dong Commune, Hoai Duc District, covering an area of ​​about 18 hectares, while Depot No. 2 is located in Yen Binh Commune, Thach That District, covering an area of ​​6.9 hectares. According to calculations, the number of vehicles needed is 26 trains in 2025, increasing to 37 trains in 2035 and 38 trains in 2050.

The Hanoi People's Committee emphasized that the project not only contributes to reducing traffic pressure but also promotes urban development according to the TOD (Transit-Oriented Development) model - urban development associated with metro stations. This is a model applied by many countries to reduce dependence on personal vehicles, increase the rate of public transport use and limit congestion and environmental pollution.

The city assigned the Department of Planning and Architecture to coordinate with the Institute of Construction Planning, the Department of Construction and the Hanoi Urban Railway Management Board to develop a detailed plan at a scale of 1/500. In addition, the Hanoi Urban Railway Management Board must make the most of previous research results and at the same time absorb opinions from the Ministry of Planning and Investment to ensure the project is implemented effectively.

In the medium-term public investment plan for the period 2021 - 2025, Hanoi will focus financial and human resources to accelerate site clearance and construction progress, ensuring the project is completed on schedule. Land acquisition and resettlement are also given special attention to minimize impacts on people and facilitate the implementation of metro line 5, contributing to expanding urban space and socio-economic development of the capital.

Hai Long Industrial Park approved investment policy for phase 1

The People's Committee of Nam Dinh province has just issued Decision No. 577/QD-UBND, approving the investment policy and accepting investors for the project to build and develop infrastructure of Hai Long Industrial Park (VSIP Nam Dinh) phase 1. The project is invested by Vietnam Singapore Urban and Industrial Park Development Joint Stock Company (VSIP), with a scale of 180 hectares in Giao Thuy district and a total expected investment capital of VND 2,249,345 billion, of which the investor's capital contribution accounts for VND 337,402 billion.

Perspective of Hai Long Industrial Park (VSIP Nam Dinh).

The project will be implemented over a period of 50 years, with a plan to start construction in the third or early fourth quarter of 2025 and complete infrastructure by the end of 2027. To ensure progress, the Nam Dinh Provincial People's Committee assigned the Industrial Park Management Board to appraise the investment policy and supervise implementation in accordance with the Investment Law and related regulations. Departments and branches are responsible for appraising investment, controlling the implementation of planning, legal regulations on land, environment, construction and capital mobilization, and supervising investment attraction in accordance with Decree No. 35/2022/ND-CP. If valuable minerals are discovered, investors must report and comply with regulations on irrigation, resettlement support and housing construction for workers.

The People's Committee of Giao Thuy district and the communes of Giao Long and Giao Chau are assigned the task of land acquisition, compensation, site clearance on schedule, and supervision of the land separation process according to Decree No. 112/2024/ND-CP on rice-growing land. The Provincial People's Committee also requires VSIP to comply with legal commitments, ensure proper use of capital, deposit funds for project implementation, and build infrastructure according to the planning and schedule. The company must closely coordinate with local authorities to clear the site, ensure consensus from the people, and fully fulfill its financial obligations.

Hai Long Industrial Park is oriented to develop according to a modern and synchronous model, expected to attract large domestic and foreign enterprises, especially in the high-tech sector. When put into operation, the project is expected to create about 18,000 jobs, contributing to promoting socio-economic growth not only in Nam Dinh but also in the coastal area. This is considered an important step forward in developing industrial infrastructure, creating an attractive investment environment, aiming at the sustainable development of the local economy.

Tay Ninh grants investment license for 50-hectare FDI project at Phuoc Dong Industrial Park

On the afternoon of March 7, the Tay Ninh Economic Zone Management Board held a ceremony to grant the investment certificate to the Global Hantex high-end knitted fabric and synchronous accessories factory project at Phuoc Dong Industrial Park, Go Dau District. This is one of the large-scale foreign direct investment (FDI) projects in Tay Ninh in the first quarter of 2025, marking an important step forward in attracting investment capital to the province.

The project covers a total area of ​​over 50 hectares with an investment of 150 million USD, and will be implemented in two phases. Phase 1 has an investment capital of 100 million USD, expected to be operational from May 2026. Phase 2 will add 50 million USD to complete facilities, upgrade production lines and is expected to be operational from February 2028.

Possessing a large open industrial land fund, Phuoc Dong Industrial Park regularly welcomes projects with large investment scale.

Speaking at the ceremony, Mr. Truong Van Hung, Head of the Tay Ninh Economic Zone Management Board, expressed his hope that the project will create many jobs, stabilize incomes for local workers and promote socio-economic development of the province. He also pledged that the Management Board and relevant agencies will accompany the enterprise and provide maximum support so that the project can be implemented on schedule and put into operation soon.

As one of the major FDI projects in Phuoc Dong Industrial Park, Global Hantex factory is expected to contribute to expanding the supply chain of high-end knitted fabrics and accessories for the garment industry. The factory will produce products such as knitted fabrics, collars, sleeves, braids, straps and many other garment accessories. The expected production capacity is 300 million meters of fabric/year and 145 million accessories/year, meeting the needs of both domestic and international markets.

Phuoc Dong Industrial Park is becoming a bright spot in attracting FDI in Tay Ninh province. By the end of 2024, this industrial park has attracted nearly 60 investment projects, mostly foreign enterprises operating in the fields of rubber, tire, plastic, mechanical engineering, metal processing, garment and food manufacturing. With the advantage of large land fund and synchronous infrastructure, Phuoc Dong Industrial Park continues to attract strategic investors.

Currently, Phuoc Dong Industrial Park has about 300 hectares of land available for lease, with an additional 394 hectares planned for expansion in phase 3 to meet growing demand. In addition to leasing land for factory construction, the industrial park also provides flexible investment products such as ready-built warehouses/factories and on-demand factories, helping businesses quickly put their projects into operation.

According to the assessment of the Industrial Park Management Board, the absorption rate of ready-built factories here is at a high level, with an occupancy rate of over 80%. In the coming time, Phuoc Dong Industrial Park will continue to invest in expanding the system of modern warehouses and factories with diverse areas to meet the actual needs of investors, thereby promoting the sustainable development of the industry in Tay Ninh.

Ho Chi Minh City invests an additional 312 billion VND to build an overpass at the intersection leading to Cat Lai port.

On March 7, the Ho Chi Minh City Traffic Construction Investment Project Management Board (Traffic Board) sent a report to the Ho Chi Minh City People's Committee on preparations to start construction of phase 3 of the My Thuy intersection project in Thu Duc City.

In this phase, the project will focus on building a flyover branch across the intersection in the direction of Ring Road 2 (right branch) with a scale of 4 car lanes and building Ky Ha 3 Bridge (right branch). The total investment of phase 3 is 312 billion VND, with the Traffic Department as the investor. The project is expected to start on March 14, 2025 and be completed in April 2026.

My Thuy intersection has completed and put into use some items such as overpass and underpass.

Previously, My Thuy intersection had deployed bidding packages in phase 1 and phase 2, with many important items such as the overpass and underpass leading to Cat Lai port put into use, contributing to reducing traffic pressure in the area.

The total investment for construction and installation of all three phases is up to 1,361 billion VND, of which phase 3 alone is 312 billion VND. In addition, the capital for compensation and site clearance is up to 1,624 billion VND, which is undertaken by the People's Committee of Thu Duc City.

As planned, the entire My Thuy intersection project will be completed by April 30, 2026, contributing to relieving traffic congestion and improving connectivity to Cat Lai port - one of the most important container ports in Ho Chi Minh City.

Investing 17,000 billion VND to build a highway connecting Long Thanh airport to Ho Tram

The People's Committee of Ba Ria - Vung Tau province has just sent an official dispatch to the Prime Minister proposing an investment plan for an expressway connecting Long Thanh International Airport to Ho Tram, Xuyen Moc district to promote local economic and tourism development.

According to the proposal, the Provincial People's Committee hopes that the Prime Minister will approve the investment policy of the expressway under the PPP method, with the interested investor being Ho Tram Project Company Limited. At the same time, the province proposes to adjust the planning, update this expressway into the provincial planning, and remove Go Gang airport from the Ba Ria - Vung Tau Provincial Planning for the period 2021-2030, with a vision to 2050, to focus resources on important infrastructure projects.

In addition, the Provincial People's Committee also proposed to change the purpose of forest land use for the 6.4 km long section to serve the project and recommended that the Government consider appointing an investor to implement the project under the PPP method. In particular, the province also recommended that the Prime Minister allow the casino at the Ho Tram Strip Resort and Entertainment Complex to pilot opening to Vietnamese people.

Illustration photo.

The proposed expressway has a total length of 41 km, starting from the Ho Chi Minh City Ring Road 4 in Chau Duc district and ending from the Vung Tau - Binh Thuan coastal road in Xuyen Moc district. This is a completely new urban expressway, with a scale of 4 lanes (planned to be 6 lanes), with a design speed of 100 km/h. The total estimated investment is about 17,000 billion VND, of which the cost of site clearance is about 4,500 billion VND.

The People's Committee of Ba Ria - Vung Tau province emphasized that when Long Thanh airport comes into operation, travel between the provinces of the East and West of the South to Ho Tram tourist area will still have to use existing routes, passing through many densely populated urban areas, leading to slow traffic speeds and difficulty in controlling travel time. Therefore, investing in this expressway is necessary to complete the traffic network, improve connectivity, support the development of high-end tourism and promote economic growth for the Ho Tram area as well as the entire Ba Ria - Vung Tau province.

Source: https://baodautu.vn/ha-giang-de-xuat-lam-cao-toc-14852-ty-dong-quang-tri-duyet-du-an-1300-ty-dong-cua-evn-d251429.html