Nearly 25 billion USD of FDI capital flows into Vietnam; Construction of Ba Lai 8 bridge starts with nearly 2,300 billion VND
In the first 9 months of the year, foreign direct investment (FDI) poured into Vietnam reached nearly 25 billion USD; Ben Tre started construction of Ba Lai 8 bridge with an investment capital of nearly 2,300 billion VND...
Those were two of the notable investment news stories of the past week.
Complete appraisal of North-South high-speed railway project before October 5
The Government Office has just issued Notice No. 441/TB – VPCP to inform Deputy Prime Minister Tran Hong Ha at the meeting on the investment policy of the high-speed railway on the North-South axis held on September 25.
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| Illustration photo. (source: Internet). |
Accordingly, the Deputy Prime Minister requested the Ministry of Transport to synthesize and fully absorb the opinions at the meeting to urgently complete the Pre-Feasibility Study Report on the North-South High-Speed Railway Investment Project, in which it makes the most of the content of the Project submitted to the Politburo and the Party Central Committee; pay attention to reviewing, absorbing and fully explaining the opinions of the Conclusion of the Politburo and the Party Central Committee; clarify the opinions of ministries, agencies, localities and experts in this field to ensure consensus and unity of the entire political system and the People before submitting it to the National Assembly for approval at the 8th session of the 15th National Assembly.
Among the contents noted by Deputy Prime Minister Tran Hong Ha, the Ministry of Transport needs to focus on clarifying the basis for choosing a design speed of 350km/h for high-speed railways associated with high and modern technology... and explain more clearly why a design speed of 250km/h was not chosen.
The Ministry of Transport is also required to provide additional arguments to prove that it is necessary to build the entire route, not to divide it into sections according to Conclusion No. 49-KL/TW of the Politburo (research and analysis based on investment efficiency between the entire route investment plan and the divided plan; the advantages of each mode of road, rail, waterway, maritime, aviation, high-speed rail at which distance is most suitable? In case of dividing investment into sections, will connectivity and synchronization be ensured?...).
In addition, it is necessary to clarify the viewpoint that passenger transport is the main one, meeting the dual-use requirements for national defense and security, and being able to transport goods when necessary, through the train operation and dispatch plan (with a design speed of 350 km/h, passenger transport will be operated at a speed of 320 km/h and when transporting goods, it will be operated at a lower speed or at night; only transport light goods and express delivery goods; for large tonnage goods and container goods, the existing railway and other modes of transport will be used).
The Deputy Prime Minister noted that the development of high-speed railways must ensure unity, synchronization, independence and autonomy to form a general railway industry, including high-speed railways, urban railways, and national railways.
In that spirit, the Deputy Prime Minister assigned the Ministry of Construction to study and consider the proposal for the Project on developing the Vietnam railway construction industry, in which a number of state-owned or private enterprises are selected to participate (the railway industry market is large enough).
The Ministry of Industry and Trade gives comments on the Project's Pre-Feasibility Study Report and studies the proposal for the Project on developing mechanical and manufacturing industries for the railway industry (infrastructure, administration, intelligent control systems, production of carriages and locomotives with a roadmap for mastery from the beginning or step-by-step transfer); studies have a mechanism for assigning the Vietnam Railway Corporation or a capable enterprise to participate.
In order to submit the policy to the National Assembly for approval at the 8th session of the 15th National Assembly, the Deputy Prime Minister assigned the Ministry of Transport to urgently supplement and complete the dossier to send to the Ministry of Planning and Investment (before October 1, 2024) to serve the appraisal work, in which it is necessary to pay attention to and review the scientific and practical basis, the above issues, clarify and report specifically on specific mechanisms and policies to submit to the National Assembly.
The Minister of Planning and Investment directs the State Appraisal Council to deploy and complete the appraisal according to regulations, on that basis, complete the Report to submit to the Government before October 5, 2024.
The Deputy Prime Minister assigned the Ministry of Transport and the Government Office to send the Project Pre-Feasibility Study Report that the Ministry of Transport sent to the Ministry of Planning and Investment for appraisal no later than October 1, 2024 for prior study to the Ministries and Government Members.
“After the Ministry of Planning and Investment has an appraisal report, the Government Office will immediately send it to Government members for comments; on that basis, the Ministry of Transport will synthesize and complete the Government report before October 7, 2024,” the Deputy Prime Minister directed.
Thua Thien Hue proposes to add 552,719 billion VND for urban development project
The Prime Minister has decided to invest in the project “Type II Urban Development Program” (green cities) – Thua Thien Hue Sub-project with a total investment of 91.22 million USD (equivalent to 1,929.386 billion VND) including a loan from the Asian Development Bank (ADB) of 60.69 million USD (1,283.59 billion VND) and counterpart capital of 30.53 million USD (equivalent to 645.796 billion VND).
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| An Van Duong new urban area, where many items of the project "Type II Urban Development Program" (green cities) - Thua Thien Hue Sub-project are concentrated. Photo: Ngoc Tan |
The project was first approved by the People's Committee of Thua Thien Hue province in April 2016, and last adjusted in August 2024. The project was assigned to the Department of Planning and Investment of Thua Thien Hue province as the investor, with the implementation period determined from 2018 to June 30, 2028. The project implementation location is in Hue city, Huong Tra town and Huong Thuy town, Thua Thien Hue province.
Accordingly, the project aims to improve and expand the transport network, gradually complete the synchronous urban infrastructure, at the same time create momentum for urban development, promote the development of commercial and service businesses and exploit tourism potential. Improve environmental sanitation conditions, enhance the urban environmental landscape...
The project includes 15 construction items and is divided into 3 components: Component 1 - Flood prevention and environmental sanitation; Component 2 - Transport system development; Component 3 - Capacity building and project implementation support.
According to the Department of Planning and Investment of Thua Thien Hue, up to now, the Project Management Board has completed the selection of contractors for 10/10 construction packages with a value of more than 1,008.2 billion VND. Of which, 2 packages have been completed and put into use and 8 packages are still being implemented with a volume of more than 675.99 billion VND (reaching more than 67% of the total volume of the Project). However, the actual implementation value of the components is smaller than the signed loan agreement. The reason is due to the surplus capital after bidding, surplus capital due to exchange rate changes, and surplus capital due to unallocated agreement reserves.
Also according to the Department of Planning and Investment of Thua Thien Hue, on September 20, the People's Committee of Thua Thien Hue province submitted a report to the Provincial People's Council on adjusting the investment policy of the project "Program for Development of Type II Cities" (green cities) - Thua Thien Hue Sub-project.
Accordingly, the investment scale using the project's surplus capital with the amount of 23.857 million USD - equivalent to 552.719 billion VND to invest in additional items: Ecological canal area A - An Van Duong; Road renovation including construction of 2 new road sections in area B of An Van Duong new urban area and renovation of 3 road sections; Pedestrian bridge connecting from Hue City administrative center - Provincial sports center.
Adjusted total project investment, in which the adjusted total investment (VND) is 2,088,472 billion VND (increased by 59,087 billion VND due to exchange rate changes during payment), while the total investment in USD remains unchanged (91.22 million USD).
The Department of Planning and Investment of Thua Thien Hue explained that during the project implementation, the USD/VND exchange rate changed depending on the payment time. This is the reason why the total project investment in USD remains unchanged, but after converting to VND, it will have to be adjusted.
Mr. Nguyen Chi Tai, Head of the Economic - Budget Committee, Thua Thien Hue Provincial People's Council, said that through the review, this is a very important project of the province. In recent times, all levels, sectors, localities, and investors have made great efforts in the process of implementing the project. The project has been effective in improving and expanding the transport network, gradually completing the synchronous urban infrastructure; beautifying the urban landscape and environmental sanitation.
“The Economic - Budget Committee agrees with the content of the Provincial People's Committee submitting to the Provincial People's Council, and has requested the Provincial People's Committee to direct the investor and related units to urgently complete the documents and procedures to submit to the Prime Minister for decision to adjust the project investment policy for timely implementation,” Mr. Tai informed.
In the first 9 months of 2024, Long An industrial parks attracted more than 674 million USD of FDI capital.
According to the Long An Economic Zone Management Board, from the beginning of this year to September 20, 2024, industrial parks (IPs) in the province have attracted investment in 96 projects, including 75 projects with foreign direct investment (FDI) and 21 domestic projects, with a total newly granted investment capital of more than 540 million USD and more than 1,227 billion VND; land area for lease is 28.39 hectares.
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| Industrial park in Can Giuoc district, Long An province |
In addition, there were 84 projects with adjusted capital, including 68 FDI projects with adjusted capital increasing by more than 134 million USD; 16 domestic projects with adjusted capital increasing by more than 326 billion VND.
Compared to the same period in 2023, total FDI investment capital increased by 6% (674.39 million USD/636.44 million USD); total domestic investment capital decreased by 93% (1,553.15 billion VND/22,774.73 billion VND).
Long An province currently has 36 established industrial parks with a total planned area of 9,693.29 hectares. Of which, 26 industrial parks are eligible to receive investment with a planned area of 5,982.14 hectares (industrial land is 4,278 hectares, more than 2,912 hectares have been leased), the occupancy rate is 68.08%; 10 industrial parks have been approved for investment by the Prime Minister and are implementing procedures, site clearance, and infrastructure investment in industrial parks with an area of 2,908.49 hectares.
According to Decision No. 686/QD-TTg dated June 13, 2023 of the Prime Minister on approving the Long An Provincial Planning for the period 2021 - 2030, with a vision to 2050, the planning of the whole Long An province for the period 2021 - 2030 has 51 industrial parks with a total planning area of 12,433 hectares.
Separating the State capital portion at Ring Road 4 - Capital Region into an independent sub-project
The Hanoi People's Committee has just sent an official dispatch to the Prime Minister proposing solutions to remove difficulties and obstacles in the process of organizing the implementation and disbursement of central budget capital for Component Project 3 of the Investment Project to build Ring Road 4 - Hanoi Capital Region.
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| Perspective of Ring Road 4 Project in the Capital Region. |
Accordingly, the Hanoi People's Committee proposed that the Prime Minister report and submit to the National Assembly for permission to implement the Public Investment Sub-project for the State budget capital portion in Component Project 3 as a normal public investment project and to be implemented independently, in parallel and not dependent on the progress and results of selecting investors to implement the remaining part of Component Project 3.
These items include the bridges: Hong Ha, Me So, Hoai Thuong and the sections: from before the National Highway 6 intersection to the end of the Hanoi - Hai Phong expressway intersection, a 9.7 km connecting section in Bac Ninh province.
At the same time, allow the Hanoi People's Committee to assign its affiliated agencies to be the investors to implement public investment sub-projects according to the law on public investment.
In case an investor participates in implementing Component Project 3, the State will use public assets, which are this public investment sub-project, to support the investor in collecting tolls on the entire Ring Road 4 expressway.
The Hanoi People's Committee also proposed a solution for cases where the total investment of component projects changes compared to the preliminary total investment of the approved component project but does not exceed the preliminary total investment of the entire project for which the investment policy has been decided.
Specifically, in case the total investment of the component project decreases, the central budget support portion will be kept the same as in Resolution 56/2022/QH15 on investment policy for the Ring Road 4 Construction Investment Project - Hanoi Capital Region.
In case of increasing the total amount of component projects, localities will balance it themselves with local budget capital.
The Hanoi People's Committee recommends that the competent authority assign the Hanoi People's Committee as the focal agency to review, harmonize, balance, and agree with the Hung Yen Provincial People's Committee and the Bac Ninh Provincial People's Committee on the adjusted figures for increasing or decreasing the total investment of the component projects; the localities shall exercise the authority of the investment decision maker to approve the adjustment of the component projects.
It is known that the current progress of implementing Component Project 1.1 (compensation, support, site clearance) and Component Project 2.1 (construction of parallel roads) basically meets the requirements.
However, the biggest difficulty now is implementing Component Project 3: Investing in the construction of expressways under the PPP method to ensure progress and disbursement of the central capital allocated for the project in 2024 of VND 4,190 billion.
According to the plan, in October 2024, Component Project 3 will approve the issuance of bidding documents; in December 2024, bid opening will be organized (at least 60 days for investors to prepare bidding documents); in January 2025, the following tasks will be completed: technical evaluation, commercial financial evaluation, appraisal, approval of investor selection results; in February 2025, investors will establish a project enterprise and negotiate and sign a BOT contract.
Next, to implement the public investment sub-project according to the law on public investment, the investor needs to carry out the following tasks: complete and approve the design after the basic design; make a plan to select a contractor, submit it to the competent authority for approval and organize the selection of a construction contractor according to the Law on Bidding to start the project, this time requires at least 3 to 6 months.
According to the above progress, by the third quarter of 2025 at the earliest, there will be enough basis to advance and pay the State budget capital to investors.
In addition, if the investor selection time is prolonged due to force majeure factors such as: no investors participating in the bidding, need to extend the bidding period, the above difficulties are not resolved promptly, etc., the disbursement of public investment capital will be difficult.
In addition, the parallel road component projects (Component Project Group 2) are currently being accelerated to ensure completion by the end of 2025 as directed by the Prime Minister.
Thus, after the parallel road system is expected to be completed in 2025, it is still not possible to connect the entire route because major bridges such as Hong Ha Bridge, Me So Bridge (over the Red River), Hoai Thuong Bridge (over the Duong River) belonging to the public investment sub-project in Component Project 3 have not been completed, reducing investment efficiency.
Hanoi People's Committee said that with the above implementation status and difficulties, the implementation of the Public Investment Sub-project in Component Project 3 as a normal public investment project, because it is implemented independently, not depending on the progress and results of investor selection, will resolve difficulties and obstacles and speed up the implementation progress and disbursement of State budget capital.
In case the investor is selected to implement the remaining part of Component Project 3, the State will use public assets as the Public Investment Sub-project to support the Investor in collecting tolls on the entire Ring Road 4 expressway.
“In case the Investor has not been selected, after the completion of the public investment sub-project, the entire parallel road system will be connected, and the State can implement toll collection for the expressway invested in and built with State budget capital,” analyzed the Hanoi People's Committee.
PV Power announces $521.5 million loan for Nhon Trach 3&4 Project
Nhon Trach 3 & 4 Power Plant Projects are the first power plants using LNG in Vietnam and are of great significance in the national energy transition process.
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The Nhon Trach 3&4 LNG power project has a total investment of nearly 1.4 billion USD, in which the project's equity/loan structure is 25/75%. |
Chairman of the Board of Directors of PetroVietnam Power Corporation (PV Power) Hoang Van Quang affirmed that the credit contract worth 521.5 million USD with the consortium of two banks Citi, ING insured by KSURE and SERV is the credit contract with the largest loan value to finance the Nhon Trach 3&4 Power Plant Project, which is very important for PV Power, ensuring progress, quality, and early commercial operation of the Project, contributing to ensuring the overall progress of the Project and stabilizing the national power system.
Thus, up to now, PV Power has signed credit facilities to finance the Nhon Trach 3&4 Power Plant Project, including: SMBC/SACE loan worth 200 million USD, signed on March 31, 2023; Vietcombank loan worth 4,000 billion VND, signed on September 26, 2023; Credit contract worth 521.5 million USD with a consortium of two banks Citi and ING insured by KSURE and SERV.
Mr. Hoang Van Quang said that in the long-term development strategy, PV Power determined to take the electricity industry as the main development orientation, and at the same time selected appropriate projects to develop in the field of renewable energy and clean energy in line with the Government's policy towards Net Zero by 2050 and the world trend.
Speaking at the ceremony, representatives of the sponsors and insurers for the Nhon Trach 3&4 Power Plant Project affirmed that the announcement of the 521.5 million USD credit contract for the project is a testament to the remarkable efforts of all parties involved as well as demonstrating the strength of strong cooperative relationships with common goals.
Representatives of the project's sponsors and insurers also expressed their hope that the project will contribute to ensuring energy stability in Vietnam as well as supporting Vietnam's energy transition towards reducing dependence on coal energy and bringing significant economic value to Vietnamese businesses and people.
On behalf of the leadership of the Vietnam Oil and Gas Group (Petrovietnam), Mr. Duong Manh Son, Deputy General Director of Petrovietnam, affirmed that the announcement of the credit contract worth 521.5 million USD marks an important milestone in the cooperation process between Citi, ING and Petrovietnam in general, PV Power and the consortium of 2 banks in particular.
Petrovietnam leaders hope that Citibank and ING will continue to provide credit for projects and production and business activities of Petrovietnam and its member units in the future.
At the same time, the Group's leaders suggested that PV Power will have a plan to effectively use loans from Citibank/ING as well as other banks such as the SMBC loan guaranteed by SACE, the VND 4,000 billion loan from Vietcombank.
Thu Duc City: Opening of Nam Ly Bridge with a total investment of more than 731 billion VND
On October 2, the Ho Chi Minh City Traffic Construction Investment Project Management Board coordinated with the Thu Duc City People's Committee to organize the opening of the Nam Ly Bridge construction project.
Mr. Le Ngoc Hung, Deputy Director of the Management Board of Investment and Construction Projects of Ho Chi Minh City Traffic Works, said that Nam Ly Bridge plays an important role in the socio-economic development of Thu Duc City in particular and Ho Chi Minh City in general.
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| The bridge replaces Rach Chiec dam. |
Regarding roads, Nam Ly bridge connects Do Xuan Hop street, an axis route through neighboring wards, serving traffic between neighboring residential areas and connecting Vo Nguyen Giap street with Long Thanh - Dau Day expressway.
Regarding waterways, Rach Chiec is planned as a level 4 river route to ensure the requirements of waterway traffic through Rach Chiec after the waterway route connecting Saigon River - Dong Nai River is opened.
Therefore, the construction of the new Nam Ly bridge is of great significance to the water and road transport of goods and meets the travel needs of people in the area, contributing to economic development and urban beautification in the locality.
The Nam Ly Bridge construction project (replacing Rach Chiec dam) located on Do Xuan Hop street, Thu Duc city started construction in October 2016.
The project has a total length of 750m, including a newly built permanent reinforced concrete bridge 449m long, 20m wide; the road section is 301m long, with a cross-section width of 30m - 37.5m (including sidewalks and access roads); drainage system, lighting, trees, etc.
The project has a total investment of more than 731 billion VND, of which compensation, support, resettlement, and technical infrastructure relocation costs are 252 billion VND, construction and installation costs are 423 billion VND, and other costs.
Building Project to establish Long An Economic Zone
Regarding the status of the project to establish Long An Economic Zone, the Long An Economic Zone Management Board said that on July 18, the Party Committee of Long An Provincial People's Committee issued Document No. 172-CV/BCSĐ reporting on the implementation of the project to establish Long An Economic Zone to submit to the Standing Committee of the Provincial Party Committee and the Standing Committee of Long An Provincial Party Committee for consideration and approval as a basis for implementation.
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| Long An Economic Zone is expected to become a new growth engine towards a high-tech ecosystem, innovation and logistics center of the province. Photo: Long An International Port |
The Long An Economic Zone Management Board has completed the outline and has issued Document No. 1996/BQLKKT-KHĐT dated August 20, 2024 to the Provincial People's Committee on the development of the Project to establish Long An Economic Zone according to the meeting notice No. 8231/UBND-THKSTTHC dated June 25, 2024 of the Provincial People's Committee on the implementation of Conclusion No. 1143-KL/TU dated August 1, 2024 of the Standing Committee of the Provincial Party Committee.
On September 9, 2024, the People's Committee of Long An province issued Decision No. 9134/QD-UBND approving the outline of the Project to establish Long An Economic Zone. Accordingly, the Provincial People's Committee assigned the Economic Zone Management Board to coordinate with provincial departments, branches, Can Duoc District People's Committee, Can Giuoc District People's Committee and relevant units to organize the establishment of the Project to establish Long An Economic Zone according to the approved outline.
According to Decision No. 686/QD-TTg dated June 13, 2023 of the Prime Minister approving the Planning of Long An province for the period 2021 - 2030, with a vision to 2050, the orientation is: "Developing Long An Border Gate Economic Zone in Kien Tuong town, Moc Hoa and Vinh Hung districts. Building Long An Economic Zone in Can Giuoc district and Can Duoc district to become a new growth engine in the direction of a high-tech ecosystem, innovation and logistics center of the province when fully meeting the conditions and standards prescribed by law".
The proposed location for establishing Long An Economic Zone is in the Southeast of the province, in Can Giuoc and Can Duoc districts; to the East it borders Nha Be district (HCMC) and Soai Rap river, to the West it borders National Highway 50, to the South it borders Vam Co river, and to the North it borders Long An commune and Phuoc Lai commune of Can Giuoc district.
Long An Economic Zone has a total natural area of about 12,930 hectares, of which 7,390 hectares belong to Can Duoc district and 5,540 hectares belong to Can Giuoc district.
Previously, in Document No. 338/TB-VPCP dated August 19, 2023 of the Government Office announcing the Conclusion of Prime Minister Pham Minh Chinh at the working session with the Standing Committee of Long An Provincial Party Committee (on July 25, 2023), on the province's proposal to establish Long An Economic Zone in Can Giuoc and Can Duoc districts, the Prime Minister directed the People's Committee of Long An province to prepare a dossier to establish the economic zone in accordance with the provisions of Decree No. 35/2022/ND-CP dated May 28, 2022 of the Government, send it to the Ministry of Planning and Investment for appraisal, report to the Prime Minister for consideration and decision.
Quang Tri establishes construction planning for coastal areas
On October 2, the Department of Construction of Quang Tri informed that Vice Chairman of the People's Committee of Quang Tri province Le Duc Tien chaired a meeting to listen to a report on the general planning project for the coastal area of Quang Tri province until 2045.
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| Coastal area of Gio Linh district, Quang Tri province |
According to the Department of Construction of Quang Tri, the Master Plan for the construction of the coastal area of Quang Tri province until 2045 has a planning area of about 9,541.87 hectares; the South borders the boundary of the Master Plan for the Southeast Economic Zone of the province; the North borders Quang Binh province; the East borders the East Sea; the West borders the communes of Vinh Tu, Trung Nam, Hien Thanh (Vinh Linh district) and the communes of Trung Hai, Gio Chau, Gio Mai, Song Canh Hom (Gio Linh district).
According to the orientation of Quang Tri Province Planning for the period 2021 - 2030, with a vision to 2050, the Prime Minister has approved the planning area in the coastal development corridor. The focus of development of the coastal corridor is the gas industrial park, multi-industry industry exploiting the advantages of seaports, logistics services, marine eco-tourism urban areas and coastal sand ecology associated with ecosystem restoration.
The coastal economic corridor is built on a plan with 4 functional zones. Of which, zone 1 is built in Gio Linh district with an area of 4,897 hectares, developing mixed and multi-functional tourism services and airport areas; zone 2 has an area of 915 hectares, developing in the direction of urbanizing tourism services connecting both banks of Hien Luong - Ben Hai, parks associated with Tung Luat ferry and parallel 17; zone 3 has an area of 2,282.4 hectares including tourism service clusters associated with relic sites, scenic spots, Vinh Moc tourist port connecting Con Co island and Cua Viet town (exploiting ecological community tourism associated with agricultural, forestry and industrial development); zone 4 has an area of 1,446 hectares developing tourism services, community tourism, and ecological tourism.
These are functional areas for developing coastal tourism services connecting with the Southeast Economic Zone of Quang Tri province to form a comprehensive coastal economic corridor, contributing to creating a driving force to promote socio-economic development in the East of Quang Tri province towards forming a coastal urban area with identity in the future.
At the meeting, departments and branches gave their opinions on the project contents, feasibility in infrastructure construction; population size in subdivisions, site clearance issues, land funds for residential areas; impact of construction activities on coastal protection corridors; planning of seafood processing logistics areas, etc.
Concluding the meeting, Vice Chairman of Quang Tri Provincial People's Committee Le Duc Tien assigned the Department of Construction and the Provincial Economic Zone Management Board to review the master plans in Cua Viet town and the airport urban area to update and connect them to the master plan for the coastal area of Quang Tri province, thereby creating favorable conditions for exploiting the advantages and potentials of the locality.
In addition, Vice Chairman of Quang Tri Provincial People's Committee Le Duc Tien also directed relevant agencies to carefully study the marine spatial planning for the construction of squares, high-rise buildings, public works, affected protective forests, and coastal protection corridors.
For the consulting unit, Vice Chairman Le Duc Tien requested to synthesize the construction project lists related to the area's infrastructure for construction works to prioritize investment in the planning. Assign the Department of Construction to organize a workshop to invite experts and corporations with experience in tourism services and ecological urban areas to contribute ideas for the general planning project for the construction of the coastal area of Quang Tri province.
Ben Tre starts construction of Ba Lai 8 bridge with investment capital of nearly 2,300 billion VND
Chairman of Ben Tre Provincial People's Committee Tran Ngoc Tam said that Ba Lai 8 bridge and the coastal road connecting Ben Tre province with Tien Giang and Tra Vinh play a very important role, serving the socio-economic development to the East according to the province's planning to 2030 with a vision to 2050, which has been approved by the Prime Minister and is urgently implementing the plan to implement the above planning.
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| Permanent Deputy Prime Minister Nguyen Hoa Binh and leaders of Mekong Delta provinces performed the groundbreaking ceremony. |
The Ba Lai 8 bridge project not only serves traffic but, together with the coastal road of the region being implemented, will open up new opportunities for connecting trade with the coastal provinces of the East of the Mekong Delta, economic development space towards the East and attracting investment in coastal districts of Ben Tre province and the Mekong Delta. At the same time, it creates a premise to promote the construction of the remaining components of the coastal route including Cua Dai bridge and Co Chien 2 bridge, creating a spillover effect, attracting investment in construction and development of marine economic zones, industry, agriculture, high-tech aquaculture, tourism, services, etc. for the coastal area of Ben Tre province and the Mekong Delta region.
The project is part of a series of events at the Ben Tre Investment Promotion Conference 2024, which will take place on the morning of October 3, 2024. This project is the first component of the Western coastal road - connecting the provinces of Tien Giang, Ben Tre and Tra Vinh.
Speaking at the direction, Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized that the completion of the project will create a breakthrough for Ben Tre and coastal provinces in the Mekong Delta, connecting Ben Tre and the Mekong Delta provinces, breaking the isolation of Ben Tre island, contributing to changing the appearance and opportunities to improve the material life of the people; attracting investment, opening up the potential for developing green economy and marine economy.
The Deputy Prime Minister commended the ministries, sectors, provinces and localities for their determination to implement the project on schedule, and thanked and acknowledged the consensus, sacrifice and sharing of people affected by the project, in handing over the site early so that the investor and contractor could implement the project on schedule.
The Deputy Prime Minister said that this is just the beginning, there is still a lot of work ahead, when there must be a complete coastal road connecting effectively to promote the spreading effect of Ba Lai 8 bridge.
It is recommended that ministries and branches continue to support Ben Tre in the project implementation process. Continue to resolutely complete site clearance, regularly inspect and supervise, take care of social security for people in the project area, maintain social order and safety, especially not to let negative incidents related to the project, compensation, direction and operation... ensure the progress and quality of the project.
For investors, supervision consultants, contractors must comply with the law, mobilize maximum resources, human resources, modern equipment; do not let negative corruption occur. Difficulties and obstacles must be reported promptly for thorough handling, soon put the project into operation, creating more development resources for Ben Tre province and coastal provinces of the Mekong Delta.
Ba Lai 8 Bridge is 527.6 m long, 22.5 m wide, with 4 car lanes and 2 mixed lanes. The access road is 12.37 km long; designed speed is 80 km/h. The works on the route include: 4 reinforced concrete bridges with simple spans, 2 traffic intersections with DT.886 and National Highway 57B, cross-road drainage culverts and roads connecting to existing traffic routes. The total investment of the project is 2,255 billion VND.
Quang Nam determined to transfer capital for slow-progressing projects
The Office of the People's Committee of Quang Nam province issued the conclusion of Mr. Le Van Dung, Chairman of the Provincial People's Committee at a meeting with working groups on the disbursement of public investment capital in 2024.
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| The Co Co River dredging project still has many problems. |
As of September 20, the disbursement rate of public investment capital in 2024 in Quang Nam province only reached 39%, not meeting the requirements compared to the set plan.
Quang Nam's total public investment capital in 2024 is more than VND 8,884 billion. Of which, the public investment capital plan in 2024 is more than VND 7,056 billion, the central budget is more than VND 2,194 billion, the rest is local budget; the capital plan in 2023 extended to 2024 is more than VND 1,827 billion.
According to the People's Committee of Quang Nam province, the slow disbursement of capital plans has many objective and subjective reasons.
However, the main cause is subjective, when the Party committees and authorities at all levels have not taken synchronous action, lack determination, and are still indifferent in directing and operating, the direction and implementation of the investment units is not thorough and specific; the role and responsibility of the leaders have not been promoted...
To achieve the target of disbursing capital plan, Quang Nam province requires further enhancing the role and responsibility of leaders, strengthening supervision, tightening discipline and order in disbursing public investment capital.
In particular, timely transfer and replacement of weak and irresponsible officials and civil servants who intentionally cause difficulties and hinder the progress of public investment disbursement. Disbursement targets are used as a basis for assessing the level of completion of tasks at the end of the year and considering the assignment of the 2025 public investment plan.
The Chairman of the People's Committee of Quang Nam province requested to resolutely transfer and cut capital plans from projects that are unable to disburse or disburse on schedule to supplement projects with high disbursement rates... The Department of Planning and Investment proactively reviewed projects with low disbursement rates and advised the Provincial People's Committee to transfer capital plans.
Quang Nam also assigned departments and branches to control the price and quality of construction materials, not allowing speculation and price hikes due to the lack of construction soil and sand; strengthening inspections and strictly handling violations, especially collusion between material mine owners to create artificial scarcity and raise prices.
The Chairman of the People's Committee of Quang Nam province also requested to strengthen direct inspection and supervision of the progress of implementation of each project and the disbursement of public investment capital at key works and projects to promptly record and resolve difficulties and problems...
Revealing the parameters of the Thu Thiem – Long Thanh railway project worth 3.45 billion USD
According to information from the Investment Electronic Newspaper - Baodautu.vn , the Pre-Feasibility Study Report of the Thu Thiem - Long Thanh Railway Project has just been completed by a consulting consortium including Transport Design Consulting Corporation (TEDI) - Southern Transport Design Consulting Joint Stock Company (TEDI SOUTH) for submission for appraisal.
The Thu Thiem – Long Thanh railway line starts at Thu Thiem station in An Phu ward, Thu Duc city, Ho Chi Minh city; ends at Long Thanh international airport, Long Thanh district, Dong Nai province.
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| Illustration photo. |
The line is built according to double track standards, 1435 mm gauge, electrified, with a total main line length of 41.83 km, depot approach length of 4.4 km; design speed of 120 km/h on the main line (90 km/h in the tunnel), axle load of 16 tons/axle.
The total route includes elevated, ground-level and underground sections, of which the elevated section including viaducts and river bridges is 30.67 km, accounting for 66.34%; the tunnel section is 15.13 km, accounting for 32.73%; the dirt road section is 0.43 km, accounting for 0.93%.
The route has 20 stations (16 elevated stations; 4 underground stations), 1 depot in Cam Duong commune, Long Thanh district, Dong Nai province (21.4 hectares wide) and 1 train parking lot, train repair and cleaning station in Thu Thiem, Thu Duc city (1.2 hectares wide); 4 power stations, 10 traction power stations and 1 particularly large river crossing location (Dong Nai river). The total land use demand of the Thu Thiem - Long Thanh railway project is about 140.11 hectares.
The route has a passenger transport capacity of 40,000 people/direction/hour; connecting the center of Ho Chi Minh City to Long Thanh International Airport and urban areas along the railway.
The Thu Thiem – Long Thanh railway connects with Ho Chi Minh City urban railway line No. 2 at Thu Thiem station; Bien Hoa – Vung Tau railway at S18 station; North-South high-speed railway at Thu Thiem station and Long Thanh station.
With the above investment scale, the Project has a preliminary total investment of about VND 84,752 billion (equivalent to USD 3.454 billion), of which the cost of site clearance and resettlement support is about VND 5,504 billion; striving to start construction before 2030, complete and put into operation from 2035.
In the Railway Network Planning for the 2021-2030 period, with a vision to 2050, approved by the Prime Minister in mid-2021, the Thu Thiem - Long Thanh railway line is a project in the list of important national projects, prioritized for investment in the 2021-2030 period.
In Decision No. 1831/QD-TTg on promulgating the national list calling for foreign investment in the 2021-2025 period issued by the Prime Minister in early November 2021, the Thu Thiem - Long Thanh railway construction project was also included in the list calling for foreign investment.
The Prime Minister asked the Ministries to give their opinions on removing obstacles to the 10,000 billion VND flood prevention project in Ho Chi Minh City.
On October 2, the Government Office issued Official Letter No. 7083/VPCP-NN to 7 Ministries and 3 agencies requesting urgent comments on the Report of the Ho Chi Minh City People's Committee on the plan to remove obstacles in the Project to solve tidal flooding in Ho Chi Minh City area taking into account climate change factors (phase 1).
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| Chuoi Canal, a part of the Project to solve flooding caused by high tides in Ho Chi Minh City area taking into account climate change factors (phase 1) - Photo: TN |
After receiving the report from the Ho Chi Minh City People's Committee, Prime Minister Pham Minh Chinh requested the Ministries and agencies to promptly provide specific written opinions on solutions to the Project and the legal basis and authority to resolve the problems raised by the Ho Chi Minh City People's Committee.
The Government Office requests that the Ministries send their comments before 5:00 p.m. on October 3, 2024 for synthesis and reporting to the Prime Minister before October 5, 2024.
At the end of September 2024, the Ho Chi Minh City People's Committee proposed a solution to allow the City to adjust the Project because the total investment of the project has changed, the project implementation period has expired, and there are some shortcomings in the contract signing and implementation.
The City also proposed adjusting the Project completion deadline as a basis for signing the BT Contract Appendix to change the payment plan.
After signing the contract appendix, the City can pay the investor with land fund to have capital to construct the remaining part of the project.
The project to solve tidal flooding in Ho Chi Minh City, phase I (total investment of nearly 10,000 billion VND), started in mid-2016 and is expected to be completed in 2018.
According to the report of the investor Trung Nam Group, up to now, the entire Project has completed more than 90% of the work volume but has been temporarily suspended from November 15, 2020 until now.
According to the investor's report, due to the extension of the implementation period, the Project incurred interest expenses and other costs, leading to the total investment of the Project increasing from VND 9,976 billion to VND 14,398 billion.
Proposing competent authorities to prepare documents for Ring Road 4 Project - Ho Chi Minh City
The Ho Chi Minh City People's Committee has just sent a document to the Prime Minister, the Ministry of Planning and Investment, and the Ministry of Transport on assigning competent agencies to organize the preparation of a Pre-Feasibility Study Report for the Ho Chi Minh City Ring Road 4 Construction Project.
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| Route of Ho Chi Minh City Ring Road 4. (Photo: Ho Chi Minh City Department of Transport). |
Accordingly, the Ho Chi Minh City People's Committee proposed that the Prime Minister consider approving the policy of preparing the Pre-Feasibility Study Report for the Ho Chi Minh City Ring Road 4 Construction Project and study and propose specific mechanisms and policies applicable to the entire Ho Chi Minh City Ring Road 4.
The Ho Chi Minh City People's Committee also proposed that this locality be the competent authority to preside over and coordinate with the Provincial People's Committees (Binh Duong, Dong Nai, Long An, Ba Ria - Vung Tau) and related units to organize the preparation of the Pre-Feasibility Study Report of the Ho Chi Minh City Ring Road 4 Construction Project according to regulations to report, submit to competent authorities for appraisal, and submit to the National Assembly for decision on investment policy in the last session of 2024.
The Ho Chi Minh City People's Committee also proposed to assign the Ministry of Transport to perform the specialized State management function for the Ho Chi Minh City Ring Road 4 Construction Project; promptly coordinate and guide relevant localities during the implementation process, ensuring synchronization, efficiency and compliance with legal regulations.
Assign the Ministry of Planning and Investment to urgently advise the Prime Minister to establish a State Appraisal Council to appraise the Project's Pre-Feasibility Study Report and organize the appraisal according to regulations; advise the Prime Minister to balance and arrange central budget capital to participate in the Ho Chi Minh City Ring Road 4 construction project.
Previously, at the end of August 2024, the Ho Chi Minh City People's Committee reported to the Prime Minister on the submission of the overall pre-feasibility study report for the Ho Chi Minh City Ring Road 4 construction project. The entire route is 207km long, phase 1 will build 4 lanes, with emergency lanes arranged continuously and a median strip between the two directions of traffic. This phase will also clear the land at once according to the 8-lane plan to facilitate future expansion.
The total investment for the Ho Chi Minh City Ring Road 4 construction project is estimated at VND128,063 billion. Of which, the Ho Chi Minh City section is 17.3km long (VND14,089 billion); the section through Ba Ria - Vung Tau is 18.1km long (VND7,972 billion); the section through Dong Nai is 45.6km long (VND19,151 billion); the section through Binh Duong province is 47.5km long (VND19,827 billion); the section through Long An province is more than 78km long (VND67,024 billion).
The implementation value of Cao Lanh - An Huu expressway, phase 1 reached nearly 39%.
According to the People's Committee of Dong Thap province, up to now, the Cao Lanh - An Huu Expressway Project, phase 1 has handed over 100% of the land; completed the relocation of technical infrastructure (electricity, water and telecommunications) at 68/68 locations.
The project has completed 15/16 packages; contractors have not been selected for 1/16 packages.
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| Illustration photo. |
Currently, the contractor is implementing the construction of the following road sections: Main route with unsuitable excavation of 12.2/14.6 km; sand filling to restore 8.7/14.6 km; service road with unsuitable excavation of 17.2/20.3 km; K90 sand filling 16.1/20.3 km; crushed stone spreading 7.3/20.3 km.
Continuous floor beam section has completed 68/68 prestressed reinforced concrete pile foundations, and completed 64/68 pillars; reinforced concrete construction on the upper part is underway.
Bridge section, construction organized at 18/19 bridges, launching girders of 31/77 spans, reinforced concrete bridge deck of 19/77 spans.
The realized value to date is more than 983/2,547 billion VND, reaching 38.6%. The disbursement of capital in 2024 to date is 872.4/882 billion VND, reaching 98.9%. Of which, the disbursement of land clearance capital is 16.4/20 billion VND, reaching 81.9%; the disbursement of construction costs is 856/862 billion VND, reaching 99.3%.
The Cao Lanh – An Huu Expressway Construction Project, Phase 1, is approximately 27.43 km long and is divided into two component projects. Component Project 1 (Km0+000 – Km16+000) is approximately 16 km long and is located in Dong Thap province, with a preliminary total investment of approximately VND 3,640 billion, implemented by the Dong Thap Provincial People's Committee. The project started on June 25, 2023 and is expected to be completed in October 2025.
Component project 2 (Km16+000 – Km27+430) is about 11.43 km long in Dong Thap and Tien Giang provinces, with a preliminary total investment of about 3,856 billion VND, implemented by the People's Committee of Tien Giang province as the competent authority.
In 9 months, Hai Duong has completed the target of attracting domestic investment for the whole year of 2024.
According to the Department of Planning and Investment of Hai Duong province, in the first 9 months of 2024, the whole province attracted more than 8,000 billion VND in domestic investment (DDI), achieving the whole year's target.
Identifying investment attraction as one of the important goals, tasks and solutions contributing to creating momentum for socio-economic development, Hai Duong province has promptly led, directed and issued many mechanisms and policies to attract investment and provide orientation for each stage.
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| AEON Hai Duong Shopping Center will be built in the eastern area of Vo Nguyen Giap Avenue (Hai Duong City). Photo: Thanh Chung |
Specifically, in the first 9 months of 2024, the province had 41 new projects with a total registered capital of more than VND 5,000 billion, 2.3 times higher than the same period last year; Capital was adjusted to increase for 137 projects with a total additional capital of more than VND 3,000 billion. Although the target of attracting DDI for the whole year of 2024 was achieved, the province has not yet completed the target of attracting new projects with a total registered capital of about VND 6,100 billion.
The projects have contributed to promoting rapid economic restructuring, labor, employment and increasing local budget revenue. Currently, DDI projects in Hai Duong province focus on investment in the fields of trade and services, healthcare, industrial product manufacturing, agriculture, and industrial park technical infrastructure.
In 2024, the People's Committee of Hai Duong province approved the investment policy of the Hai Duong Trade Center Project (Aeon Mall Hai Duong) of Tuan Kiet HD Trading and Service Joint Stock Company. This DDI project not only impressed with the total investment of up to 1,220 billion VND but also attracted great attention from the public. The project is implemented in Thach Khoi ward, Lien Hong commune (Hai Duong city) with an area of nearly 3.6 hectares.
It is expected that the project will be implemented from the first quarter of 2025. When it comes into operation from the first quarter of 2026, Aeon Mall Hai Duong will be a place for trading, selling goods, providing services, entertainment, cuisine, etc. to serve the lives of Hai Duong people and the whole region. The project is expected and welcomed because it is the largest commercial center in the province to date.
Hai Duong province’s efforts to attract investment in the healthcare sector have also yielded results when Green International General Hospital Joint Stock Company decided to invest more than VND600 billion in construction. Not only meeting the increasing demand for medical examination and treatment of the people, this project will also contribute to bringing a new look to the province’s healthcare infrastructure system. The investor proposed a project scale of 300 beds, committed to completing within 36 months from the date of investment policy approval.
In order to make a remarkable mark in attracting DDI, in recent times, the whole province has taken action, determined with the highest spirit to improve the investment and business environment. Hai Duong has proactively implemented synchronous solutions to become a reliable and safe destination for investors. The People's Committee of Hai Duong province pledges to always stick together, accompany and continue to be friendly and supportive of investors and businesses, creating the most favorable conditions for businesses to invest in production and business effectively, believing that the business community in general will continue to have many investment projects in Hai Duong province.
In particular, the announcement of the provincial planning for the 2021-2030 period, with a vision to 2050, the issuance of a list of investment-attracting projects, and investment restrictions from the beginning of 2024 also created momentum for Hai Duong to make a strong breakthrough in attracting DDI. Thanks to the planning and project list, investors can grasp information, research, learn and make investment decisions.
Mr. Nguyen Trung Kien, Head of the Hai Duong Industrial Park Management Board, said that identifying infrastructure as a competitive advantage to create an advantage in attracting investment, Hai Duong has focused on completing the traffic and technical infrastructure system, ready to ensure the hard criteria, meeting the conditions for serving the production and business of enterprises. In addition, new industrial parks and industrial clusters are also being urgently deployed to welcome investors.
The Prime Minister has approved the planning of Hai Duong province including 21 industrial parks and 3 expanded industrial parks with a total area of about 4,508 hectares. Currently, Hai Duong has 17 established industrial parks. Of which, 12 industrial parks have been invested in construction and business exploitation, with a total planning area of 1,650 hectares. Hai Duong is currently actively clearing the land and soon building infrastructure for 5 new industrial parks. New industrial clusters are also urgently looking for infrastructure investors.
In addition, Hai Duong also attaches importance to building a transparent and fair investment environment, preventing corruption and negativity in implementing investment procedures by encouraging investors to choose the form of online administrative procedure settlement. At the same time, select competent and professional officials and civil servants to support and accompany investors in the process of learning as well as implementing investment steps. All efforts, attempts and determination of the province aim to attract prestigious and experienced enterprises and corporations and quality investment capital, especially for DDI investors.
Completing the DDI attraction in 2024 in just 9 months is a welcome result for Hai Duong to have more motivation to make a breakthrough in the coming time, especially when the province is building a Specialized Economic Zone project.
The special economic zone is located in the west of Hai Duong province, south of the Hanoi - Hai Phong highway, with a total area of about 5,300 hectares in the two districts of Binh Giang and Thanh Mien. The special economic zone of Hai Duong province will have 7 functional sub-zones.
Of which, 13 industrial parks and 3 new industrial clusters will be formed with a total area of over 3,150 hectares. The commercial service and logistics area will be 75 hectares near the Hanoi - Hai Phong highway. The innovation center will be about 60 hectares wide, which is the core of the province's high-tech industrial development. The public infrastructure development area will be 60 hectares, building educational, medical and park facilities.
The urban and residential area has an area of about 530 hectares planned in association with industrial parks, oriented towards green and smart urban development. The current residential area of 1,574 hectares will be planned to be synchronously connected with the regional technical infrastructure. The agricultural development area will be oriented towards high-tech agriculture and organic agriculture.
Up to now, Hai Duong has 1,761 DDI projects with a total capital of 112,683 billion VND, including 85 projects in industrial parks with a total capital of 14,773 billion VND, the remaining 1,676 projects outside industrial parks with a total investment of 97,910 billion VND.
Submit for approval of investment policy for Can Gio International Transit Port project in 2024
Deputy Prime Minister Tran Hong Ha signed Document No. 746/TTg-CN on the Project to study and build Can Gio international transit port.
The project has been thoroughly and systematically researched by the Ho Chi Minh City People's Committee to consider adding the Can Gio international transit port to the planning and prepare a pre-feasibility study report for the project. To date, the Prime Minister has added the Can Gio international transit port to the Vietnam seaport system development plan for the period 2021-2030, with a vision to 2050.
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| Perspective of Can Gio International Transit Port. |
To soon organize the investment and construction of Can Gio international transit port, Deputy Prime Minister Tran Hong Ha agreed with the proposal of the Ministry of Transport on the tasks of ministries and localities stated in Document No. 9008/BC-BGTVT dated August 20, 2024.
Specifically, the Ho Chi Minh City People's Committee urgently completes the Ho Chi Minh City Planning for the period 2021 - 2030, with a vision to 2050, and organizes the preparation of the City's Master Plan for construction to 2040 and a vision to 2060 for submission to competent authorities for approval; balances resources, including mobilization from other economic sectors to complete technical infrastructure works connecting the project; presides over and coordinates with relevant agencies to organize the selection of investors according to the provisions of Resolution 98/2023/QH15 dated June 24, 2023 of the National Assembly and organizes the implementation of construction according to regulations; develops a roadmap and plan for investment in connecting traffic infrastructure; develops a plan for electricity, water, and telecommunications supply in accordance with the port construction investment progress; develops a plan for investment in auxiliary works serving port exploitation activities; Develop a plan for investment in post-port service infrastructure in accordance with the investment roadmap for port exploitation and transport infrastructure; coordinate with the Ministry of National Defense to implement contents related to national defense tasks in the region; preside over determining the location for dumping dredged material; coordinate with relevant agencies to develop regulations on coordination in exploiting ports in Cai Mep and Can Gio areas to improve the efficiency of investment in exploiting seaports in the region.
The Ministry of Transport shall preside over the organization of the preparation and submission to the Prime Minister for approval of the detailed planning of the seaport group; preside over the preparation and approval under its authority of the detailed planning of the land and water areas of Ho Chi Minh City's seaports; and give opinions on cargo loading and unloading technology during the process of giving opinions on the project investment proposal step.
The Ministry of Planning and Investment shall preside over the appraisal and submit to the Prime Minister for approval of the Project investment policy; coordinate with the Ho Chi Minh City People's Committee to organize the selection of Project investors according to the provisions of Resolution 98/2023/QH15 dated June 24, 2023 of the National Assembly; preside over the appraisal and submit to the Prime Minister the Ho Chi Minh City Planning for the period 2021 - 2030, with a vision to 2050.
The Ministry of Construction presides over and coordinates with the Ho Chi Minh City People's Committee to appraise and submit to the Prime Minister the adjustment of the City's Master Plan for Construction to 2040, with a vision to 2060.
The Ministry of Natural Resources and Environment shall preside over and coordinate with the Ho Chi Minh City People's Committee to appraise and submit to the Prime Minister for approval the 5-year Land Use Plan 2021 - 2025 in the City; preside over guiding, inspecting and approving land allocation, sea surface allocation, land use purpose conversion, environmental protection, natural heritage protection; plans and locations for dumping dredged materials.
The Ministry of National Defense coordinates with the Ho Chi Minh City People's Committee, the Ministry of Transport and relevant ministries and branches in assessing the location of defense and security projects.
The Ministry of Agriculture and Rural Development shall preside over and coordinate with relevant agencies to guide the Ho Chi Minh City People's Committee and investors on the process and procedures for converting forest land use purposes to other project purposes according to the provisions of Article 20 of the Forestry Law (amended in Clause 5, Article 248 of the 2024 Land Law).
The Ministry of Industry and Trade coordinates with the Ho Chi Minh City People's Committee in connecting and supplying electricity to serve the Project's activities.
The Ministry of Finance shall preside over and coordinate with the Ministry of Industry and Trade to guide the Ho Chi Minh City People's Committee in investing in the exploitation of duty-free zones.
Deputy Prime Minister Tran Hong Ha requested relevant ministries, branches and localities to base on their functions, tasks and powers to implement and consider resolving issues under their authority regarding related contents in the process of organizing research and investment in the construction of Can Gio International Transit Port.
Progress and implementation plan of tasks of local ministries and branches are as follows:
In the fourth quarter of 2024, complete the approval of the detailed planning of seaports, ports, wharves, buoys, water areas, and water regions for the 2021-2030 period, with a vision to 2050; at the same time, approve the detailed planning for the development of land and water regions of Ho Chi Minh City's seaports for the 2021-2030 period, with a vision to 2050; approve the adjustment of the General Construction Plan of Ho Chi Minh City to 2040 and a vision to 2060; approve the 5-year Land Use Plan for 2021-2025 in Ho Chi Minh City.
In 2024, appraise and submit for approval the investment policy of Can Gio International Transit Port project.
In 2025, select an investor to build Can Gio international transit port...
Deputy Prime Minister Tran Hong Ha assigned the Ho Chi Minh City People's Committee and relevant ministries and agencies to urgently implement the Deputy Prime Minister's direction in Notice No. 418/TB-VPCP dated September 13, 2024 of the Government Office, including making maximum use of information and data of the Project to build Can Gio international transit port to update and complete the pre-feasibility study report of Can Gio international transit port according to regulations; complete related planning to ensure synchronization and consistency in serving the investment and exploitation of Can Gio international transit port.
According to the report of the Department of Transport of Ho Chi Minh City, the Project on Research and Construction of Can Gio International Transit Port sets out the goal of building Can Gio International Transit Port into an international transit center of Ho Chi Minh City and the region. Thereby attracting domestic and foreign shipping lines, transport companies, cargo owners, and logistics service businesses to participate in the global transport supply chain.
Regarding location, Can Gio International Transit Port is expected to be located in Con Cho Islet, Thanh An Commune, Can Gio District. The total estimated investment of Can Gio International Transit Port is about 129,000 billion VND. The total length of the main wharf is expected to be about 7 km and the barge wharf is expected to be about 2 km.
The total area is estimated at about 571 hectares. Including wharves, warehouses, internal traffic, office areas, housing for employees operating and exploiting the port, technical infrastructure... about 469.5 hectares and the port operating water area is about 101.5 hectares.
It is estimated that the first year's cargo throughput through the port will reach about 2.1 million TEUs (1 TEU equals 1 20-foot container). After 7 investment phases, the volume of cargo through Can Gio International Transit Port could reach 16.9 million TEUs by 2047. The port is expected to contribute 34,000 - 40,000 billion VND to the budget each year when operating at full capacity. The total investment capital of the project is expected to be nearly 129,000 billion VND (5.5 billion USD).
Awarding a contract worth 1,105 billion VND to build the Hoa Binh - Moc Chau expressway
The Management Board of Investment and Construction of Traffic Works of Hoa Binh Province and the Joint Venture of Contractors led by Deo Ca Group have just signed the contract for Package XL02 of the Hoa Binh - Moc Chau Expressway Project.
Previously, on October 1, the Management Board of the Project for Investment and Construction of Traffic Works of Hoa Binh province issued Decision No. 1618/QD-BQL on approving the results of contractor selection for Package XL-02: Construction and installation (including survey, design of construction drawings) of 2 tunnel works and foundation, road surface items, works on the section from Km34+990 - Km37+87,870 and the section from Km37+798,400 - Km38+911,544 of the Hoa Binh - Moc Chau Expressway Project (section from Km19+000 - Km53+000 in Hoa Binh province).
Accordingly, the winning bidder is the joint venture of Deo Ca Group Joint Stock Company - Son Hai Group LLC - Song Da 10 Joint Stock Company, with a winning bid price of over VND 1,105 billion. This bid package is implemented by the central budget and local budget, with an implementation period of over 34 months.
“We have experience in implementing many key mountain tunnel projects across the country such as Deo Ca tunnel, Hai Van 2 tunnel, large tunnel projects on the North-South expressway… Deo Ca Group, as the leading contractor, is committed to leading the consortium to implement the construction of the Package to ensure quality, progress, and safety,” affirmed a representative of Deo Ca.
Mr. Bui Ngoc Tam, Director of the Project Management Board for Investment and Construction of Traffic Works of Hoa Binh province, highly appreciated the spirit of participation of the Contractors' Joint Venture.
“This is the first time the Hoa Binh Provincial Traffic Construction Investment Project Management Board has worked with large construction corporations. I appreciate the experience and proactive working spirit of the Contractors. I hope that the contractors will coordinate better, bringing the project to the finish line meeting quality and progress, while ensuring safety and security in the construction area,” Mr. Bui Ngoc Tam emphasized.
The Hoa Binh – Moc Chau Expressway Project (section from Km 19+000 – Km 53+000 in Hoa Binh province) has a total investment of 9,997 billion VND. This is the first expressway to be built in Hoa Binh province. In Package XL02, there are 2 tunnels through the mountain, 490m and 627m long.
This project plays a role in connecting the Hoa Binh - Moc Chau expressway (Son La province), creating a premise for the synchronous completion of the entire Hoa Binh - Son La - Dien Bien expressway, which is part of the road network planning for the period 2021 - 2030, with a vision to 2050, approved by the Prime Minister.
The expressway also contributes to the formation of inter-regional traffic routes between Son La, the Northwestern provinces - Hanoi, Hoa Binh, Phu Tho, and the northern mountainous provinces.
Started the 525-day sprint to open the Dong Dang - Tra Linh expressway
On October 3, in Cao Bang, Dong Dang - Tra Linh Expressway Joint Stock Company (Project Enterprise) held a launching ceremony for the emulation movement of 525 days and nights to open the Dong Dang - Tra Linh Expressway PPP Project, aiming to celebrate the 525th anniversary of the establishment of Cao Bang province.
The launching ceremony was attended by Cao Bang Provincial Party Secretary Tran Hong Minh and representatives of agencies, departments and branches in the province.
The Dong Dang (Lang Son) - Tra Linh (Cao Bang) expressway is a national key project, receiving great attention and direction from the Party, National Assembly, Government, ministries, departments and local branches during its implementation.
According to Secretary Tran Hong Minh, the Dong Dang – Tra Linh Expressway PPP project is a key project, of special significance in terms of politics, economy, culture, society, national defense – security and foreign affairs, and is a project that helps Cao Bang “connect to reach far”.
“When completed, the Dong Dang – Tra Linh expressway will be a model route, imbued with the cultural identity of the Northeast, not only promoting economic development but also contributing to preserving local cultural values,” said Secretary Tran Hong Minh.
Towards the 525th anniversary of Cao Bang province's establishment, with the goal of creating a competitive spirit, striving to overcome all difficulties, complying with the Prime Minister's direction "Overcoming the sun to overcome the rain", Dong Dang - Tra Linh Expressway Joint Stock Company and contractors have shown their determination to open the Project within 525 days and nights.
According to Mr. Nguyen Quang Vinh, Chairman of the Board of Directors of Dong Dang - Tra Linh Expressway Joint Stock Company, from now until May 2025 is the key time to speed up the construction progress to complete the project on schedule.
The project enterprise representative affirmed that in order for the 525-day and night emulation movement to reach the expected finish line, it is necessary to have the participation of local authorities and the support of people from Cao Bang and Lang Son provinces in site clearance, resettlement and relocation of technical infrastructure works.
“It is necessary to establish a relationship of responsibility between competent authorities, local authorities and investors, project enterprises and construction contractors to create high consensus from launching, directing to organizing the implementation of the movement,” Mr. Vinh pointed out.
Representative of the General Contractor, Mr. Pham Duy Hieu - Deputy General Director of Deo Ca Group, committed to closely following the detailed construction plan, ensuring the progress of the route after 525 days and nights, while ensuring absolute quality and labor safety.
“We understand that the success of the Project depends not only on construction capacity but also on the support and companionship of the government and people of Cao Bang,” said Mr. Pham Duy Hieu.
The Dong Dang – Tra Linh Expressway Project Phase 1 is over 93 km long, invested under the PPP method with a total investment of over 14,300 billion VND.
The starting point of the route is at Tan Thanh border gate intersection (Van Lang district, Lang Son province) and the end point is at National Highway 3 intersection (Chi Thao commune, Quang Hoa district, Cao Bang province). The project is managed by Cao Bang Provincial People's Committee as the competent State agency, Deo Ca Group is the leading investor of the consortium implementing the project.
After completion by the end of 2026, this expressway will shorten the travel time from Cao Bang to Hanoi and vice versa from 6-7 hours to about 3.5 hours, creating a particularly important lever to promote socio-economic development, ensure national defense and security, connect Cao Bang with border provinces, with the capital Hanoi - the economic, political and cultural center of the country and internationally.
Quang Nam needs more than 37,000 billion VND for the new phase of public investment plan.
Vice Chairman of Quang Nam Provincial People's Committee, Mr. Tran Nam Hung, has just signed a report on the expected medium-term public investment plan for the period 2026 - 2030.
Accordingly, Quang Nam proposed that the Ministry of Planning and Investment and the Ministry of Finance review and synthesize the province's capital needs, especially the capital needs from projects registered to use the central budget for investment, in order to create conditions for Quang Nam to have investment resources, gradually complete the infrastructure in the province, contributing to promoting socio-economic development in the coming period.
According to Quang Nam's planned plan, the total demand for central budget capital (domestic capital) in the 2026 - 2030 period is more than 8,511 billion VND to invest in 21 projects.
Specifically, regarding the need for transitional capital, for investment projects by industry and field, the Hoi An ancient town fire prevention and fighting project has a need for transitional medium-term capital arrangement for the period 2026 - 2030 of 4.2 billion VND.
Regarding ODA counterpart projects, including the Central Region Linkage project, Quang Nam province needs to transfer medium-term capital allocation for the 2026-2030 period of more than 156 billion VND.
Thus, the total central budget capital demand (domestic capital) that needs to be registered to allocate for transitional projects is more than 160 billion VND.
For the need for new projects, Quang Nam proposed to register the need with a total central budget capital (domestic capital) for the 2026-2030 period of more than 8,350 billion VND, investing in 20 projects.
Some specific projects such as Upgrading and expanding DT.606 route, the section connecting Ho Chi Minh road to Tay Giang district center, Duy Phuoc bridge and the road leading to the bridge, the road connecting National Highway 1 to Dong Duy Xuyen area and Vietnam coastal road, the strategic road for developing national products of Ngoc Linh ginseng, building smart cities, digital government, developing digital economy, digital society in the province in the period 2026 - 2030...
Regarding central budget capital (foreign capital), the total capital demand for the period 2026 - 2030, Quang Nam needs more than 2,900 billion VND, investing in implementing 7 projects.
Specifically, there are 4 projects transferred to the 2026-2030 period with a capital demand of more than 1,155 billion VND. The demand for new projects starting from the central budget (foreign capital) is 1,745 billion VND, investing in 3 projects.
According to the People's Committee of Quang Nam province, in the period of 2021 - 2025, the total number of projects using central budget capital of Quang Nam province allocated by the Prime Minister is 64 projects. Of which, there are 52 investment projects by industry and field and 12 projects using foreign capital.
In the period 2026 - 2030, the total number of projects using the central budget capital of the province registered is 28 projects. Of which, there are 21 investment projects by industry and field and 7 projects using foreign capital.
Regarding the ability to balance local budget capital for development investment in the period of 2026 - 2030, Quang Nam plans to have a total capital plan from the local budget of more than 25,708 billion VND, of which more than 17,994 billion VND will be included in the investment balance...
Specifically, the capital source according to criteria and standards is more than 5,550 billion VND, the land use revenue is more than 12,856 billion VND...
Ho Chi Minh City to start construction of Phan Dinh Phung stadium project before April 30, 2025
On October 3, the Department of Planning and Investment of Ho Chi Minh City issued a document responding to questions from reporters of the Investment Electronic Newspaper - Baodautu.vn about the progress of the Phan Dinh Phung Sports Center Construction Project (Phan Dinh Phung Gymnasium Project).
The Department of Planning and Investment said that through reviewing the implementation process, the City's departments and branches found that continuing to implement the Phan Dinh Phung Stadium Project under the BT Contract form has many potential risks in terms of economic, financial and legal efficiency.
Meanwhile, the City needs to implement the Project to serve the people's need for physical exercise and sports activities, striving to complete it early to celebrate the 50th anniversary of the liberation of the South, national reunification, and create a new urban look.
Therefore, the Chairman of the City People's Committee has directed to stop investing in projects under the form of public-private partnership (BT Contract) to switch to a public investment method suitable to the practical needs of the City.
Next, in Notice No. 642/TB-VP dated July 5, 2024, the Chairman of the City People's Committee directed the Departments and branches to focus on reviewing the contents to terminate the project implementation in the form of BT Contract, in which the City will refund the Investor Consortium the costs incurred in accordance with legal regulations.
Currently, the City's Departments are requesting Investors to provide relevant documents and papers for comparison, review, and consultation with the City People's Committee to refund costs according to legal regulations.
By early July 2024, the Joint Venture of Compensation and Clearance Corporation and Phat Dat Real Estate Development Corporation (Project investor) had a written report to the Ho Chi Minh City People's Committee on the total costs related to the Project that the investor had spent to carry out the work, which was 171.6 billion VND.
However, after reviewing, the Working Group consisting of departments and branches of Ho Chi Minh City found that, based on the documents and papers provided by the Investor Consortium, many expenses could not be paid.
Regarding the progress of the Project, the Department of Planning and Investment said that the Department of Culture and Sports is currently urgently coordinating with the Project Management Board for investment in construction of civil and industrial works to prepare related documents, striving to ensure the progress of starting construction before April 30, 2025.
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