Binh Dinh grants investment registration certificate for 1 billion USD project to Syre Company
At the Vietnam - Sweden Business Forum in Stockholm, Binh Dinh province granted an investment certificate to Syre Impact AB Company to implement the 1 billion USD polyester fabric recycling complex project. The project is located in Nhon Hoi Industrial Park (Quy Nhon City), covering an area of nearly 29 hectares, producing from 150,000 to 250,000 tons of PET plastic pellets/year from textile waste.
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| Leaders of Binh Dinh province, representatives of Nhon Hoi Industrial Park - Area A, leaders of Syre Group and Syre Company at the working session. |
This is the largest textile waste recycling project in Vietnam to date, aiming for circular production and green transformation. Syre is committed to using modern technology, mobilizing capital from partners such as H&M and TPG Rise Climate, and coordinating with Quy Nhon University to train human resources. The project has a 50-year operating period and is expected to be completed within 54 months, operating from 2029.
Investors found for 47km of Ho Chi Minh City Ring Road 4 section through Binh Duong
The People's Committee of Binh Duong province has approved the results of selecting investors to implement the Ho Chi Minh City Ring Road 4 project from Thu Bien Bridge to Saigon River (phase 1) under the PPP method. The project is 47.45 km long, with a total investment of more than VND 11,743 billion (including interest), won by the consortium of Becamex, Infrastructure Development Joint Stock Company and Deo Ca Group.
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| Illustration photo. |
The project will build a 4-lane highway (phase 1), designed speed of 100 km/h, with emergency lanes, upgraded sections with a 62 m roadbed. The completed phase will expand to 8 highway lanes, 2 emergency lanes and parallel roads, with a total cross-section of 74.5 m wide.
The infrastructure construction period is 26 months, the operation and business period lasts more than 33 years. The project is implemented from 2023 to 2027, in which the main construction phase is from 2025. The project is expected to promote socio -economic development and connect the Southeast region.
Approval of the Project to adjust the general planning of Ho Chi Minh City to 2040, vision to 2060
Deputy Prime Minister Tran Hong Ha has just signed a decision approving the Project to adjust the general planning of Ho Chi Minh City, aiming to develop the City into a global urban area, a leading financial and service center in Asia, with a high quality of life and a creative ecosystem.
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Ho Chi Minh City will develop according to a multi-center urban model, forming 6 functional zones and economic corridors along rivers and coasts. The city will reorganize space associated with public transport, inter-regional connections, optimize land use and adapt to climate change.
It is forecasted that by 2040, Ho Chi Minh City's population will reach 14-16.5 million people; the construction land area will be about 125,000-130,000 hectares. Ho Chi Minh City will develop high-tech zones, 33 industrial parks, 3 export processing zones and 7 industrial clusters, encourage advanced technology production, and reduce environmental impacts. At the same time, focus on developing low-cost housing, rental housing, renovating old apartments and building a policy housing fund.
Ninh Thuan: 4 wind power projects are about to complete the selection of consulting units
The Department of Industry and Trade of Ninh Thuan province is in the final stage of opening technical bids to select a consulting unit to prepare a pre-feasibility study (PreFS) report for four wind power projects including Dam Nai 3, Dam Nai 4, Bau Ngu Lake and 7A phase 2. If on schedule, the selection of investors will be completed before August 30, 2025.
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| 7A Wind Power Plant Project has a capacity of 50 MW in Phuoc Minh Commune, Thuan Nam District, Ninh Thuan Province. Illustrative photo (Source: Ha Do Group). |
The bidding package is worth more than VND6.4 billion, implemented in the form of shortened bidding with only the Institute of Energy participating. The projects are part of the Power Plan VIII and the List of Land Use Bidding until 2025 of the province. Although priority is given to speeding up the progress, some processes are still behind schedule, especially due to problems with the area of protective forest land, irrigation planning and marine farming areas. This is also the situation that occurred at the LNG Ca Na project.
Submitting investment policy for Ho Chi Minh City Ring Road 4: Mobilizing more than 50,600 billion VND from investors
The Government has just submitted to the National Assembly the investment policy for the Ho Chi Minh City Ring Road 4 Project, approximately 207 km long, of which the current investment scope is 159.3 km through Ho Chi Minh City, Long An, Dong Nai, Ba Ria - Vung Tau (excluding the section through Binh Duong). The total expected investment capital is over VND 120,412 billion, of which over VND 50,600 billion will be mobilized by investors under the form of PPP and BOT contracts.
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| Minister of Construction Tran Hong Minh. |
The project aims to connect industrial parks, urban areas, seaports, and airports, reduce traffic pressure in the central area, and promote economic development in the key southern region. The project is expected to be completed in 2029.
The Government proposed to apply 7 special mechanisms, such as not requiring a license to exploit construction materials, appointing contractors for some bidding packages, exempting architectural competitions for grade II and above projects, and not having to appraise capital sources. The National Assembly's Economic Committee agreed with the need for investment but requested further clarification of the route plan, traffic calculation, intersection optimization, and capital balancing ability.
Tunnel No. 1 of the Khe Net Pass Railway Improvement Project - Quang Binh
After more than 16 months of continuous construction, the 580m-long railway tunnel No. 1 of the Khe Net Pass Railway Improvement Project (Quang Binh) has officially opened. The project applied Austria's NATM tunnel boring technology, implemented by the ILSUNG - Deo Ca joint venture, despite facing complex geological conditions such as karst caves and underground water veins.
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| Tunnel No. 1 of package XL01 - Project to renovate the railway line through Khe Net Pass has officially opened. |
The completion of tunnel No. 1 marks an important step in the XL01 package, helping to speed up the progress of the entire project. Previously, tunnel No. 2, 355m long, was opened 2 months early, is being completed and is expected to have its concrete shell completed before June 15.
The project has a total construction investment of more than 550 billion VND, using ODA capital from Korea and counterpart capital from Vietnam. When completed in December 2025, the project will contribute to improving operational capacity, shortening travel time and ensuring safety on the North-South railway line.
Hai Phong inaugurates $20 million SiO production plant
On June 11, at the Nam Dinh Vu Duty Free Zone and Industrial Park (Hai Phong), Innox Ecom Vina Co., Ltd. (under INNOX Holdings Group, Korea) inaugurated a factory producing SiO - basic chemicals, with a total investment of 20 million USD, capacity of 800 tons/year. The project exports 100% of its products to Europe and the US, marking the second expansion step of the Group in Vietnam.
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| SiO production project in Vietnam of Innox Ecom Vina Co., Ltd. in the duty-free zone and Nam Dinh Vu Industrial Park (Zone 1). Photo: Thanh Son |
Hai Phong City leaders affirmed their commitment to accompany investors, and at the same time requested enterprises to strictly comply with regulations on environment, safety and labor welfare. This event also reflects the strategy of developing high-tech, environmentally friendly industry that Hai Phong is pursuing, aiming to realize the goal of becoming the country's high-tech industrial center by 2030.
78,028 billion VND needed for Hai Phong seaport system investment by 2030
According to the detailed planning for the development of land and seaport areas in Hai Phong by 2030, the total investment capital requirement is about 78,028 billion VND, aiming to meet the cargo throughput of 175.4 - 215.5 million tons and 20,400 - 22,800 passengers. The port system will have 61-73 berths with 98-111 wharves.
Lach Huyen port area alone will develop to 16 ports; Cam River - Pha Rung port area has 24 ports; Nam Do Son - Van Uc area can reach 17 ports. Anchorage, storm shelters and shipping lanes are also planned and expanded for ships up to 100,000 tons.
With a vision to 2050, Hai Phong will continue to perfect its modern port system, improve logistics efficiency, and serve industry, tourism, and defense and security.
Lam Dong invests in residential areas and resettlement areas to serve 2 highways
Lam Dong Provincial People's Committee has just approved the Project to build technical infrastructure for residential areas and resettlement in Loc Thang town (Bao Lam district) to serve the two expressways Tan Phu - Bao Loc and Bao Loc - Lien Khuong. The project has a total area of nearly 38,000 m², with a total investment of more than 30.7 billion VND, using state budget capital.
The project belongs to group C, level III technical infrastructure, invested by the Management Board of Construction Investment Projects and Public Works of Bao Lam district. The project aims to create a land fund to stabilize the lives of people whose land has been recovered, ensuring the progress of two key transport projects according to the Central Resolution. The expected implementation period is from 2025 to 2028.
EVNNPT seeks nearly 3,000 billion VND in loans to implement 3 transmission projects
The National Power Transmission Corporation (EVNNPT) has just issued a notice inviting banks and credit institutions to arrange nearly VND3,000 billion in loans for three key power transmission projects. Of which, the 220 kV Long Thanh - High-tech 500 kV Transformer Station Line Project needs to borrow VND1,552 billion; the Tan Phuoc (Cai Be) 220 kV Transformer Station and connecting line project needs VND692 billion; the Hai Phong - Gia Loc 220 kV - 500 kV Transmission Line Project needs to borrow VND683 billion.
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| Two transmission projects are being implemented in the South. |
The projects aim to enhance the transmission grid capacity, ensuring stable power supply for socio-economic development. The time for receiving applications for sponsor selection starts from June 12, 2025, the deadline for submitting applications is 08:30 on July 8, 2025.
Vingroup consortium wins bid to invest in Gia Nghia - Chon Thanh expressway worth 19,965 billion VND
The People's Committee of Binh Phuoc province has just approved the results of selecting investors for the Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc) Expressway Project under the PPP form. The Vingroup - Techtra joint venture won the bid for Component 1 Project with a total investment of VND 19,965 billion, of which the investor's capital is over VND 12,134 billion and the state capital is over VND 6,842 billion.
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| Illustration photo. |
The expressway is over 124 km long, passing through Dak R'lap (Dak Nong) and Bu Dang, Dong Phu, Dong Xoai City, Chon Thanh Town (Binh Phuoc), with a scale of 4 lanes in the first phase, a roadbed width of 24.75 m, the Dong Xoai City section is 25.5 m wide. The implementation period is from 2025-2027, with a maximum payback period of 29 years and 8 months.
The project plays an important role in connecting the Central Highlands with the Southeast, promoting regional economic development, especially industry, tourism and mineral exploitation.
Ho Chi Minh City aims to relocate 39,600 dilapidated houses along canals by 2030.
Ho Chi Minh City aims to complete the relocation of 39,600 dilapidated houses along rivers, canals, and streams by 2030 to beautify the urban area, reduce flooding, and improve the environment and quality of life for people. According to the Ho Chi Minh City Department of Construction, the relocation will be divided into three phases: from 2025, completing the project and adjusting the planning; from 2026-2027, building resettlement houses and starting the project; from 2028-2030, focusing on compensation, support, resettlement, and land auction after relocation.
However, the implementation progress still faces many obstacles because most households along the canals have unclear land legal status, are only eligible for support but not compensation, making it difficult to convince people to hand over their land. After the relocation, the city plans to develop green spaces, parks and public infrastructure along the river, forming a new urban appearance.
Construction of a trillion-dollar project cluster in Ha Nam begins
On June 10, the People's Committee of Ha Nam province coordinated with Sun Group to start construction of three major projects in Phu Ly city, including a social housing area for doctors and nurses, a modern sports complex, and a high-quality general hospital.
The projects mark the beginning of Sun Group's comprehensive investment strategy in Ha Nam, aiming to create a modern living ecosystem in the Sun Urban City resort urban area. In particular, the social housing area meets the housing needs of medical staff; the sports complex of more than 1,000 billion VND will have a 7,000-seat gymnasium, a 3,000-seat stadium and community sports facilities; and the Sun Hospital invested more than 1,543 billion VND with 150 beds, meeting international standards.
Ha Nam provincial leaders affirmed that the project cluster is a strategic step to attract investment, improve the quality of life, realize the goal of double-digit growth and build Ha Nam into a new urban gateway to the South of the capital.
Over 631 billion VND invested in Cargo Terminal at Da Nang International Airport
The People's Committee of Da Nang City has approved the investment policy to adjust the project to build a cargo terminal at Da Nang International Airport, invested by Vietnam Airports Corporation (ACV). The project has a total capital of more than VND 631 billion, deployed on an area of more than 24,600 m², of which more than 14,200 m² is for terminal construction and more than 10,400 m² is for cargo and parking lots.
The project's goal is to reach a capacity of 100,000 tons of cargo per year by 2030. In the first phase from the second quarter of 2025 to the fourth quarter of 2026, the project will operate at a capacity of 50,000 tons/year, then continue to invest in additional equipment to reach maximum capacity from the beginning of 2029. This is an important step to improve aviation logistics capacity and attract investment in the Central region.
SK Group wants to be assigned to invest in LNG power projects with capital of 10 billion USD
SK Group (Korea) proposed to develop three specialized industrial - energy clusters in Nghe An - Thanh Hoa, Ninh Thuan and Ca Mau, focusing on LNG power projects with a total investment of over 10 billion USD. The projects include two LNG power plants in Nghi Son and Quynh Lap, the 1,500 MW Ca Na LNG power plant and accompanying LNG station, and the Ca Mau 3 LNG power plant in Khanh An Industrial Park. SK wishes to be appointed as an investor for these projects, combining the implementation of AI data centers, LNG logistics infrastructure, cold storage for agriculture and distributed energy systems. The group also proposed to develop nuclear power through small modular reactor (SMR) technology and supply LNG from the US to Vietnam after 2030. With a capitalization of nearly 200 billion USD, SK is the second largest multi-industry group in Korea and has invested about 3.5 billion USD in Vietnam.
Approval of investment policy for 220kV Hai Phong - Gia Loc line, capital of nearly 968 billion VND
The Prime Minister has approved the investment policy of the Hai Phong - Gia Loc 220kV transmission line project, invested by the National Power Transmission Corporation (EVNNPT), with a total capital of nearly VND968 billion. The project will build a nearly 32 km long line from the Hai Phong 500kV transformer station to the Gia Loc 220kV station (Hai Duong), along with two bays at Gia Loc station. The goal is to strengthen the regional transmission grid connection, improve the reliability of power supply to Hai Duong and neighboring areas. The project is implemented in many districts of Hai Phong city and Hai Duong province, and is expected to be completed in 2025. The Government assigned relevant ministries, branches and localities to coordinate closely to update planning, carry out land procedures, compensation, environmental assessment and monitor investment efficiency in accordance with regulations.
Expanding Ho Chi Minh City - Trung Luong - My Thuan Expressway requires 2,156 billion VND for site clearance
The Ho Chi Minh City - Trung Luong - My Thuan Expressway expansion project is entering the preparation phase with a total estimated cost of land clearance of up to VND2,156 billion, passing through three localities: Ho Chi Minh City, Long An and Tien Giang. Of which, the section through Ho Chi Minh City accounts for more than VND973 billion, Long An more than VND767 billion and Tien Giang more than VND414 billion. Deo Ca Group has sent a document requesting Ho Chi Minh City to comment on this cost, in the context of the transition between two Land laws. The project was approved under the PPP form, with a total length of about 96.1 km and a preliminary investment of nearly VND39,800 billion. The expressway will be upgraded to 6-8 lanes, with a maximum speed of 100-120 km/h. This is one of the key infrastructure projects, expected to solve traffic overload and promote the development of the Southern key economic region.
Hai Duong will have a service and accommodation area worth over 1,000 billion VND at the expanded Dai An Industrial Park.
The Hai Duong Province Industrial Parks Management Board has just granted an investment certificate to the service functional area project in the expanded Dai An Industrial Park, with a total capital of over VND1,000 billion. The project includes two accommodation and service areas for experts and workers, built on an area of over 4.2 hectares with a total of 1,333 apartments. The project is expected to be completed and put into use by the end of 2027. This is part of the orientation to develop Dai An Industrial Park into a leading modern industrial park, attracting many large investors.
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| Dai An Industrial Park expansion will soon have a complex of accommodation and service areas for experts and workers (illustrative photo). Photo: Thanh Chung. |
In parallel, Dai An bridge connecting Hai Duong City Ring Road I with the Industrial Park is also being implemented with an investment capital of about 250 billion VND. These projects not only contribute to completing the infrastructure but also realize the goal of making Hai Duong a dynamic industrial center of the Red River Delta by 2030.
Proposal to soon expand Cau Gie - Ninh Binh expressway to 6 lanes
The Ninh Binh Provincial People's Committee has just proposed expanding the Cau Gie - Ninh Binh Expressway from 4 to 6 lanes to synchronize with other sections and the Hanoi Ring Road 4 Project. This 50 km long route is invested by VEC, put into operation since 2012, and has now cleared enough land for 6 lanes according to the plan. However, the constantly increasing traffic volume causes frequent congestion on the route, greatly affecting traffic and socio-economic development.
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| A section of Cau Gie - Ninh Binh expressway invested by VEC. Photo: Huu Chanh |
The Cao Bo - Mai Son section has been expanded to 6 lanes, expected to be completed on April 30, 2026. The synchronous expansion of the entire route from Hanoi to Ninh Binh is considered necessary, especially in the context of the merger of the three provinces of Ha Nam, Nam Dinh and Ninh Binh. The Cau Gie - Ninh Binh expansion project has a total cost of 2,113 billion VND, of which the budget capital accounts for 40%, the rest is mobilized by VEC.
New developments at the Binh Duong - Suoi Tien metro project with a capital of 56,301 billion VND
The State Appraisal Council has just requested the People's Committee of Binh Duong province to urgently supplement and complete the Pre-Feasibility Study Report of Metro Line No. 1 Project (Binh Duong - Suoi Tien New City) to ensure that it is eligible to be submitted to the National Assembly for consideration of the investment policy. The dossier needs to be clarified regarding its suitability with the planning after Binh Duong merges with Ho Chi Minh City and Ba Ria - Vung Tau, passenger demand forecast, technology used, investment efficiency and specific policy mechanisms.
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| Illustration photo. |
Regarding capital, the Council requested the province to clarify the balance plan, because there is not enough basis to appraise 11,260 billion VND of central capital. The project is more than 29 km long, with a total estimated investment of over 56,300 billion VND, using central, local and TOD budget capital. Binh Duong Provincial People's Committee expects to start construction in the second quarter of 2027 and complete in 2031.
Source: https://baodautu.vn/khanh-thanh-nha-may-san-xuat-sio-20-trieu-usd-lien-danh-vingroup-trung-thau-cao-toc-19965-ty-dong-d303784.html
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