Quang Ngai - Kon Tum Expressway Project: 44,355 billion VND; Start of construction of auto parts factory: 1,400 billion VND

Major projects to celebrate 80th National Day will be launched and inaugurated simultaneously.

The Government plans to hold groundbreaking and inauguration ceremonies for large-scale projects nationwide on August 19, 2025, in both in-person and online formats, to celebrate the 80th anniversary of National Day on September 2.

Prime Minister Pham Minh Chinh cut the ribbon to start and inaugurate major projects to celebrate the 50th anniversary of the liberation of the South and national reunification. Photo: VGP

According to Official Dispatch 57/CD-TTg of the Prime Minister, ministries, branches, localities, corporations, and general companies are required to urgently prepare at least 2 projects that are eligible for commencement or inauguration; report the list to the Government Office and the Ministry of Construction before July 31, 2025. The Ministry of Construction will coordinate to develop scenarios, connect bridges, and work with Vietnam Television to organize live broadcast of the event.

In parallel, the Government also assigned the Ministry of Culture, Sports and Tourism to preside over the organization of the Exhibition of Socio-Economic Achievements at the National Exhibition Fair Center (Hanoi), reflecting the development achievements over the past 80 years. Localities and ministries must submit the content before June 20, 2025 for synthesis and reporting to the Prime Minister.

Deputy Prime Minister Tran Hong Ha and Deputy Prime Minister Mai Van Chinh will directly direct the preparations for these two important events.

Hiep Phuoc LNG Power Project has not completed the Power Purchase Agreement

The Hiep Phuoc LNG Power Plant Project (phase 1 with a capacity of 1,200 MW, total capacity of 1,500 MW), although expected to generate electricity from 2026, has yet to complete negotiations on the Power Purchase Agreement (PPA) with EVN - a key factor in arranging investment capital. The main problem lies in the failure to agree on the annual contract output (Qc).

The investor - Hiep Phuoc Power Company Limited has completed the construction of the LNG port warehouse and signed a contract to purchase main equipment, but is still waiting for approval of the 1/500 detailed planning to adjust the feasibility study report.

Since 2024, the Ministry of Industry and Trade has warned that many LNG power projects, including Hiep Phuoc, have encountered bottlenecks in the Qc negotiation stage. Investors have requested a Qc ratio of 72-90% to ensure debt repayment and stable operation. Meanwhile, according to Decree 56/2025/ND-CP, the minimum allowed Qc ratio is only 65% ​​within a maximum repayment period of 10 years.

Currently, the Ho Chi Minh City People's Committee has not yet approved the detailed planning of the land for project implementation, causing the progress to continue to slow down, even though this is an important baseload power project in the Power Plan VIII.

Vinh Long invites Korean and European investors to invest in potential fields

The People's Committee of Vinh Long province has just issued the Investment Promotion Program for 2025, focusing on attracting large-scale, high-tech projects in the fields of clean agriculture, agricultural and aquatic product processing industry, industrial park infrastructure, urban areas, services and tourism.

Infrastructure of industrial parks and clusters is one of the areas that Vinh Long province prioritizes to attract investment. In the photo: Hoa Phu Industrial Park (Photo: Cong Danh).

The province prioritizes a strategy to approach investors at the beginning of the supply chain, aiming to create added value, ensuring competitiveness and sustainability. At the same time, Vinh Long focuses on on-site promotion through disbursement support, removing obstacles in terms of land, licensing and speeding up the progress of existing projects.

In 2025, the province will organize two investment promotion delegations abroad: in Korea (quarter II) and France and some European countries (quarter IV). The fields calling for investment include agriculture, processing, logistics, supporting industries, urban areas, environment, clean energy and climate change adaptation.

In 2024, Vinh Long granted new licenses to 9 projects with a total capital of 1,475 billion VND and 1.72 million USD, and adjusted the capital increase for 9 other projects. Through the promotion program, the province expects to attract strategic capital flows from Korea and Europe to create a breakthrough in economic development.

Global economy fluctuates, foreign investment in Vietnam still grows positively

Despite global economic fluctuations, in the first four months of 2025, foreign investment in Vietnam reached nearly 13.82 billion USD, up 39.9% over the same period. Of which, adjusted capital increased nearly 3.9 times, capital contribution to buy shares increased 2.1 times, offsetting the decrease in newly registered capital.

In a meeting with Deputy Prime Minister Nguyen Chi Dung, the US-based Qualcomm Group expressed its desire to invest in an R&D center in Vietnam. (Photo: VGP)

The Foreign Investment Agency said that the number of new projects, capital adjustment projects and capital contribution transactions all increased, showing investors' confidence in the domestic business environment. Finance Minister Nguyen Van Thang also affirmed that many large corporations from the US and EU such as Qualcomm are stepping up investment and expanding their presence in Vietnam.

There are currently 81 countries and territories investing in Vietnam. Singapore leads with over 3.2 billion USD, followed by South Korea and China. The processing and manufacturing industry attracts the most with 8.9 billion USD, accounting for 64.6% of total registered capital, followed by real estate and service industries.

In terms of location, Bac Ninh, Dong Nai and Ho Chi Minh City lead in attracting FDI. Total disbursed capital in the first 4 months reached 6.74 billion USD, up 7.3%, showing that foreign investment capital continues to contribute positively to Vietnam's economic growth.

Additional 71,700 billion VND in public investment capital for 2025

By the end of April 2025, the total allocated public investment capital reached VND869,750 billion, an increase of about VND71,700 billion compared to the original plan assigned by the Prime Minister. However, about VND27,860 billion (3.37%) has not been allocated due to problems in 19 ministries and 22 localities.

The progress of public investment disbursement reached 15.56%, lower than the same period in 2024, but the disbursement value still increased by 16.3%. Many units are still slow to disburse due to lack of guidance for projects without construction components, slow site clearance, entanglement in policy mechanisms and the impact of rising material prices and unfavorable weather.

Total state budget expenditure in the first four months reached VND595,400 billion, of which development investment expenditure reached about VND128,500 billion. The central budget used VND5,850 billion from the reserve fund for urgent tasks and local support.

The Ministry of Finance recommends more drastic solutions: monthly disbursement planning, tightening supervision of large projects, promoting decentralization, and increasing land revenue to ensure resources. Public investment continues to be a key driver of economic growth and recovery in 2025.

Quang Tri People's Committee approved SCI Huong Viet wind power project under bidding form.

The People's Committee of Quang Tri province has just approved the investment policy of the SCI Huong Viet Wind Power Plant project in Huong Phung commune, Huong Hoa district in the form of selecting investors through bidding for projects using land.

A wind power project in Huong Hoa district, Quang Tri province.

The project has a capacity of 26 MW, an area of ​​about 9.09 hectares and a total investment of more than VND 1,018 billion. The operation period is 50 years, expected to start construction in the fourth quarter of 2025 and be operational in the fourth quarter of 2026. The Provincial People's Committee assigned the Department of Industry and Trade to prepare and submit the invitation for interest documents and organize the selection of investors, while monitoring and removing obstacles to ensure progress.

Currently, Quang Tri has 20 wind power projects in commercial operation with a total capacity of 742.2 MW. In addition, 1 project has been completed and is completing operational procedures; 10 other projects with a total capacity of 394 MW are under investment. According to Power Plan VIII, the cumulative wind power capacity in Quang Tri allocated until 2030 is 1,800 MW, and will increase by 560 MW according to the planning adjustment.

Ho Chi Minh City and Dong Nai agree to invest in a series of strategic traffic connection projects.

Ho Chi Minh City and Dong Nai have agreed to invest in a series of key transport projects to enhance connectivity between the two localities.

In which, the two sides agreed to build a bridge to replace Cat Lai ferry, assigning Dong Nai Provincial People's Committee as the investor. Phu My 2 Bridge will be implemented by Ho Chi Minh City, while Dong Nai 2 Bridge will be managed by Dong Nai.

Ho Chi Minh City and Dong Nai agreed to build Cat Lai bridge to replace Cat Lai ferry. Photo: Le Quan

Regarding urban railways, Dong Nai is preparing a research report on a metro line connecting with Line 1 (Ben Thanh - Suoi Tien), which is supported and assisted by Ho Chi Minh City. The two sides also agreed to build a railway line connecting Tan Son Nhat Airport with Long Thanh Airport, ensuring synchronization after being assigned the task of preparing for investment.

In addition, the two localities will coordinate to add bus routes, green and modern waterway passenger transport and call for investment after completing the merger of provincial administrative units as planned.

Proposal to approve Metro Line 3 Project, Hanoi Station - Hoang Mai Section

The Ministry of Finance has just proposed the Government to approve the Proposal for the Hanoi Urban Railway Line No. 3 Project, Hanoi Station - Hoang Mai section, 8.7 km long, completely underground along the Tran Hung Dao - Nguyen Tam Trinh corridor, with 7 underground stations and 1 train station in Yen So.

Trains of Urban Railway Project No. 3, Nhon - Hanoi Station section.

The project uses loans from ADB, AFD and KfW with a total loan of about 1,258 million USD (equivalent to 29,130 ​​billion VND). The Hanoi People's Committee will re-borrow the entire loan and is the main investment unit.

The Ministry of Finance said the project fully meets the legal regulations and conditions under the Law on Public Investment, the Law on Public Debt Management and current decrees. After the Prime Minister's approval, the Hanoi People's Committee will coordinate with sponsors to prepare a Pre-Feasibility Study Report to submit to the competent authority for decision on the investment policy.

Metro Line No. 3 plays the role of connecting the West - Central - South of Hanoi, expected to serve 488,000 passengers/day, contributing to solving traffic congestion, improving public transport capacity and improving the urban environment.

Approval of investment in Chu Lai Truong Hai Automobile Mechanical Industrial Park expansion

The People's Committee of Quang Nam province has just approved the investment policy and investor for the Chu Lai Truong Hai Automobile Mechanical Industrial Park Expansion Project in Tam Hiep commune, Nui Thanh district, with a total capital of more than 1,433 billion VND.

The project is invested by Chu Lai Truong Hai Industrial Park and Urban Infrastructure Development Investment Company Limited, with a scale of 114.78 hectares, located in Chu Lai Open Economic Zone. Of which, 44.25 hectares are not included in the planning and will only be implemented after being allocated legal land use quotas.

Quang Nam approves investment policy for Chu Lai Truong Hai Automobile Mechanical Industrial Park expansion.

The project aims to build and operate industrial park infrastructure based on the model of specialized automotive mechanics. The investor must repay the investment cost of the 61.8 ha land area previously implemented and resolve related problems.

The province requires the project to be implemented in accordance with planning and in compliance with legal regulations on investment, land, construction and national security. The Management Board of Quang Nam Economic Zones and Industrial Parks will guide and supervise the project implementation.

The project is expected to promote the development of mechanical, automobile and supporting industries, contributing to making Quang Nam the leading locality in the country in this field.

Da Nang has disbursed more than 2,100 billion VND of public investment capital.

In the first 4 months of 2025, Da Nang disbursed more than VND 2,103 billion in public investment capital, reaching 24.4% of the plan, up 28.4% over the same period in 2024. The city's total annual capital plan is more than VND 8,744 billion.

Since the beginning of the year, Da Nang has allocated detailed capital plans, mobilized all resources and synchronized solutions to speed up disbursement progress, especially site clearance. The capital structure includes 1,517 billion VND of provincial budget capital, 441 billion VND of central support capital, 95 billion VND from lottery and 10 billion VND of other capital.

Da Nang City is focusing on speeding up many key projects and works.

The city has started many new projects such as renovating the drainage system, burying information cables, upgrading 29/3 Park, and renovating inner-city roads in Thanh Khe and Lien Chieu districts.

At the same time, key projects have been accelerated, such as Lien Chieu Port (disbursed more than VND 2,200/3,426 billion), the port connecting road (disbursed more than VND 530/1,203 billion), Hoa Xuan wastewater collection system (arranged VND 110 billion in 2025), and Lien Chieu Medical Center Phase 2 (disbursed VND 185/455 billion).

Disbursement of new public investment capital reaches more than 16%, Chairman of Quang Ngai directs to remove obstacles

By the end of April 2025, Quang Ngai had only disbursed about VND870 billion in public investment capital, reaching 16.3% of the plan. Of which, the local budget reached 14.9% and the central budget reached 21.3%. Chairman of the Provincial People's Committee Nguyen Hoang Giang assessed that the progress was still slow, requiring a focus on removing difficulties, especially for key projects.

Some key projects in Quang Ngai are stuck in land acquisition, affecting the progress of public investment disbursement.

Despite difficulties in disbursement, the province's socio-economic situation still recorded many positive results. Industrial production recovered strongly, increasing by 21.46% in 4 months; trade, services, and transportation grew by double digits. Newly established enterprises increased by 28.8%, and re-opened enterprises increased by more than 23%. Tourism flourished with the number of international visitors increasing 5 times, total revenue increased by 93%.

Regarding social security, the province has deployed 4,200 temporary houses, of which 1,714 have been completed, reaching more than 63%. The Chairman of the Provincial People's Committee directed units to review plans, propose timely capital transfers, speed up disbursement progress, support businesses, and ensure comprehensive socio-economic development in the second half of the year.

Deploying investment in construction of 124.13 km of Gia Nghia - Chon Thanh expressway

Deputy Prime Minister Tran Hong Ha has just directed the implementation of Component Project 1 of the North-South Expressway Project, Western section, Gia Nghia (Dak Nong) - Chon Thanh (Binh Phuoc), with a total length of 124.13 km.

The route starts at Km1923+400 (Kien Thanh commune, Dak R'lap district, Dak Nong) and ends at Chon Thanh town, Binh Phuoc. Of which, the section through Dak Nong is 23.10 km long, the section through Binh Phuoc is 101.03 km long.

The expressway has a complete scale of 6 lanes, the roadbed is 32.25 m wide (the section through Dong Xoai City is 33 m wide). In the phased phase, 4 lanes will be built.

The Deputy Prime Minister requested ensuring progress and quality, fighting waste and negativity, and determining reasonable toll rates, harmonizing the interests of the State, businesses and people. The project is expected to start construction in 2025, be basically completed in 2026 and put into operation in 2027.

Research and add Mang Den Airport and Van Phong Airport to the planning

Deputy Prime Minister Tran Hong Ha has just agreed to the policy of studying and adding Mang Den Airport (Kon Tum) and Van Phong Airport (Khanh Hoa) to the National Airport System Planning.

The Ministry of Construction is assigned to review and ensure sufficient grounds for planning adjustment according to the simplified procedures prescribed in the 2024 revised Law on Planning. When qualified, the Ministry will approve the adjustment and report to the Prime Minister.

Perspective of Van Phong Airport.

Mang Den Airport is expected to be located in Mang Den town, Kon Plong district, with an area of ​​350 hectares, capacity to reach 1 million passengers/year by 2030, airport level 4C according to ICAO.

Van Phong Airport is expected to be located in Van Thang commune, Van Ninh district, with an area of ​​497.1 hectares, a capacity of 1.5 million passengers/year by 2030, with a vision to 2.5 million passengers/year by 2050, and a 4E airport level.

According to the Master Plan for the airport system for the period 2021-2030, Mang Den and Van Phong are identified as potential locations for airport development, contributing to regional connectivity and promoting socio-economic development in the Central Highlands and South Central Coast.

Hai Duong's public investment disbursement rate in 4 months reached 22.3%, above the national average.

As of April 30, 2025, Hai Duong has disbursed more than VND 2,300 billion in public investment capital, reaching 22.3% of the plan assigned by the Prime Minister - higher than the national average (15.56%). The target for the whole year is to disburse 99.7% of the total plan of VND 10,421.7 billion.

Provincial projects achieved a disbursement rate of 25.2%, district and commune projects achieved 21.6%. Some projects disbursed ahead of schedule such as the renovation of Provincial Road 390 (82.1%), Van - Trieu route (65.9%), and the intersection of National Highway 17B - National Highway 5 (50.6%).

Mr. Le Ngoc Chau, Chairman of Hai Duong Provincial People's Committee, directed at a meeting on the progress of public investment projects in the province on May 6.

Chairman of the provincial People's Committee Le Ngoc Chau directed localities to speed up site clearance, especially requiring the completion of 26 slow-moving projects before June 30 and finalization of costs before May 30. At the same time, the province aims to start 36 projects this year, including works to celebrate National Day on September 2.

The quarterly disbursement plan is adjusted to be closer to reality, with the second quarter reaching 50% of the plan, the third quarter reaching 70.8%, and striving to complete nearly 100% disbursement by January 2026. The total budget capital allocated in 2025 is nearly VND 8,500 billion, focusing on 25 projects under construction and 10 new projects.

There is a price frame for pumped storage hydropower, waste-to-energy and electricity imports from China.

The Ministry of Industry and Trade has just issued decisions approving the 2025 electricity generation price framework for three types: pumped storage hydropower, waste-to-energy, and electricity imports from China.

According to Decision 1198/QD-BCT, the maximum price frame for pumped storage hydropower is 3,457.02 VND/kWh (excluding VAT), based on a calculated capacity of 1,188 MW, a lifespan of 40 years, an average delivered electricity of 1.556 billion kWh/year, and a pump/generation ratio of 1.44 times.

Soc Son Waste-to-Energy Plant, Hanoi.

In Decision 1251/QD-BCT, the maximum price frame for waste-to-energy (solid waste) is 2,575.18 VND/kWh (excluding VAT), applied according to the instructions in Circular 09/2025/TT-BCT on documents, procedures for developing and approving electricity generation price frames.

For imported electricity, Decision 1231/QD-BCT stipulates a maximum price of 9.3 UScent/kWh for electricity imported from China via the national grid.

The Ministry of Industry and Trade requests that Vietnam Electricity Group and related parties use this price framework to negotiate and sign electricity purchase and sale contracts in accordance with the prescribed method of calculating electricity generation prices.

Quang Nam resolves problems of projects in Dien Nam - Dien Ngoc New Urban Area

Chairman of Quang Nam Provincial People's Committee Le Van Dung has just directed to resolve a series of problems in projects in Dien Nam - Dien Ngoc New Urban Area, Dien Ban town.

For the low-income housing project invested by Chau Au Real Estate Company Limited, the province maintains the project's objectives, does not approve changes to the name, objectives or handover of social housing land. The investor is allowed to adjust the progress if he/she makes an additional deposit of 50% as prescribed.

Dien Ban Town People's Committee is requested to resolve compensation and site clearance work. If it is not possible to deploy connecting infrastructure, it is necessary to propose planning adjustments in the direction of urban beautification.

The Department of Construction shall preside over and coordinate with relevant departments and branches to complete the report and advise the Provincial People's Committee to report to the State Audit.

For the Lam Urban Area Project (Khi Nguyen Company) and An Nam Urban Area Project (Ha An Real Estate Company), the province requires investors to report progress, legal documents, and compensation for site clearance. The Department of Finance and related units review the legality and propose handling if there is any violation of current regulations.

Approaching the target of collecting tolls on state-invested highways

The Vietnam Road Administration is approaching its goal of starting to collect tolls on five state-invested expressways, including Mai Son – National Highway 45, National Highway 45 – Nghi Son, Nghi Son – Dien Chau, Vinh Hao – Phan Thiet, Phan Thiet – Dau Giay from the end of 2025.

The fee collection is implemented after the Ministry of Construction approves the Project on Exploitation of Road Infrastructure Assets with an exploitation period of 7 years. The form of exploitation is directly organized by the Department of Roads, ensuring compliance with management functions, no new apparatus is created, and helps to stabilize revenue sources and flexibly adjust according to socio-economic policies.

Mai Son - National Highway 45.

Preparations are underway, including the construction of toll stations, ITS, ETC systems, rest stops and traffic control equipment. The Roads Department is also organizing open bidding for highway maintenance and repair work, ensuring transparency in toll collection.

Currently, the country has 35 expressways, 13 of which are collecting tolls. The new toll routes will contribute to creating a stable source of revenue, improving the efficiency of operation and recovering investment capital for the routes built by the State.

Quang Tri develops renewable energy with SCI Tan Thanh wind power project

Quang Tri Provincial People's Committee has approved the investment policy of SCI Tan Thanh Wind Power Plant Project in Huc, Ba Tang, Huong Loc communes (Huong Hoa district), with a power generation capacity of 30 MW.

The project has a total investment of VND 1,262.5 billion, an area of ​​about 10.49 hectares, and an operating period of 50 years. The project will start construction in the fourth quarter of 2025 and be operational from the fourth quarter of 2026. Investors will be selected through bidding for land-using projects.

A wind power project in Huong Hoa district, Quang Tri province.

The project belongs to a sector with special investment incentives, is implemented in an area with particularly difficult socio-economic conditions, and will enjoy preferential policies according to regulations.

Previously, the Provincial People's Committee also approved the SCI Huong Viet Wind Power Plant project with a capacity of 26 MW in Huong Phung commune, Huong Hoa district, with a total investment of VND 1,018.51 billion, also in the form of bidding to select investors.

The development of wind power projects demonstrates Quang Tri's strategic orientation in promoting renewable energy, contributing to ensuring energy security and sustainable development.

Proposed investment plan for Quang Ngai - Kon Tum expressway with capital of 44,355 billion VND

The Ministry of Construction proposed investing in the Quang Ngai – Kon Tum expressway, approximately 144 km long, with 4 lanes and a design speed of 80–100 km/h, with a total investment of approximately VND44,355 billion from public investment capital.

The route starts in Duc Pho district (Quang Ngai) and ends in Kon Tum city, passing through difficult terrain at Violak pass and Mang Den pass. This is an important project connecting the East - West between Quang Ngai and Kon Tum, and linking Laos - Cambodia border gates with the North - South vertical axes, coastal economic zones and tourist destinations such as Mang Den and Ly Son.

The project is consistent with the road network planning and development planning of the two localities for the 2021-2030 period. The Ministry of Construction has completed the pre-feasibility study and proposed investment for the entire route according to the planning.

If implemented according to current regulations, the project can start in December 2026 and be completed by the end of 2029; if special mechanisms are applied, the time can be shortened, starting in October 2026 and being completed in September 2029.

The Ministry of Construction proposed that the Prime Minister decide on the project's governing body, in the direction of assigning local management to ensure consistency throughout the entire investment process.

Dong Ha City begins traffic renovation in low-income area

On the morning of May 8, the People's Committee of Dong Ha City started the construction of the traffic section of the Project to renovate low-income areas within the framework of the Central Coastal Urban Development Project towards green growth and climate change response.

Delegates at the Groundbreaking Ceremony of the Low-Income Area Improvement Project (LIA) - traffic category. Photo: Hong Ha

The project is invested by the People's Committee of Dong Ha City, funded by the French Development Agency, implemented from 2024-2027 with a total capital of more than 1,152 billion VND. The traffic category is the first part of the work, renovating 67 roads, with a total length of more than 16.4 km, road surface from 5-10 m, using asphalt concrete, with a total contract value of more than 111.4 billion VND.

The project is being constructed by a joint venture of two Quang Tri enterprises and is expected to be completed in October 2027.

Speaking at the groundbreaking ceremony, Chairman of Dong Ha City People's Committee Ho Sy Trung emphasized that the project will contribute to improving living conditions, connecting infrastructure, ensuring traffic safety and realizing the goal of developing a green urban area by 2045. Dong Ha City is committed to closely directing to ensure progress, quality and limit impacts on people's lives.

The Ministry of Construction has disbursed VND 13,201 billion in public investment capital, reaching about 15.88% of the 2025 plan.

As of April 30, 2025, the Ministry of Construction disbursed about 13.201 billion dong, reaching 15.88% of the year plan, equivalent to the national average. However, this figure is still 5% lower than the same period last year and only reached 78.1% of the registration plan.

In April alone, investors only disbursed 4,639/8,754 billion (including the plan and the slow compensation last month), lower than March and did not meet the monthly target. The main reason is due to delayed acceptance and payment of completed volume.

Construction of Bac - South Expressway Project, Quang Ngai - Hoai Nhon section.

In May, the units were expected to disburse VND 5,872 billion, plus VND 3,694 billion in accumulated, bringing the total monthly demand to more than VND 9,500 billion - nearly three times the average of the previous month, creating great pressure.

The total public investment plan in 2025 was assigned to be more than VND 83,700 billion, expected to increase to VND 95,014 billion if supplemented from increased revenue and prolonged capital. To achieve the disbursement goals, from now until January 2026, each month needs to disburse more than 10,200 billion VND - equal to the first 4 months of the year combined.

Ninh Binh started the factory of automobile spare parts of nearly VND 1,400 billion

On 8/5, at the Van Phong Industrial Cluster (Nho Quan District), Bei Ke Yuan Technology Co., Ltd. (BKY) in collaboration with Thien Phu Co., Ltd. held a groundbreaking ceremony to build a factory of automobile and high -tech equipment and equipment, total investment capital of nearly VND 1,400 billion.

The project has been implemented on a 15.6 ha land, including automotive parts production items, electronic components, semiconductor equipment, environmental treatment systems and factory rental services. The factory is expected to be completed and put into operation from the first quarter of 2027, contributing to creating high quality jobs, increasing budget revenue and promoting local industry development.

Delegates perform the groundbreaking ceremony for the factory. Photo: Ninh Binh Newspaper

The representative of Bei Ke Yuan highly appreciated the investment environment in Vietnam, especially the advantage of free trade agreements and administrative reform efforts. Ninh Binh was selected for a strategic location, convenient connection with large industrial centers and near Korean partners, helping to optimize logistics costs and supply chain efficiency.

The project is expected to be a highlight in the strategy to attract high -tech, environmentally friendly and sustainable development of the province.

FDI capital flows into Ho Chi Minh City soaring compared to the same period

In the first 4 months of 2025, Ho Chi Minh City attracted more than 1.5 billion USD of foreign investment (FDI), up 64.6% over the same period last year. In particular, there are 12 investment projects in the field of innovation, research and development (R&D) with a total capital of 52 million USD.

In order to continue attracting foreign capital, the city will promote administrative reform, improve the investment environment, apply high technology and develop digital conversion programs.

Intel's staff package chips in Ho Chi Minh City High -Tech Park. Photo: Le Toan

According to Le Van Thinh, Head of the Management Board of Export Processing and Industrial Zones in Ho Chi Minh City (HEPZA), the city is implementing a special investment attraction mechanism, and at the same time reviewing and developing new land funds with the goal of expanding 1,000 hectares in the next 3 years. This year, Ho Chi Minh City will invest in infrastructure for 4 industrial parks and promote business support.

PhD. Truong Minh Huy Vu said that the period of preparation for consolidation with Binh Duong, Ba Ria - Vung Tau is a great opportunity for Ho Chi Minh City to welcome a new wave of investment. At the same time, it is necessary to take the lead in the implementation of the private economic development initiatives according to Resolution 68-NQ/TW, creating a breakthrough for economic growth.

Dai Hung Project Phase 3 welcomes first commercial oil flow

On May 7, 2025, Dai Hung mine development project in phase 3 officially exploited the first commercial oil line with a flow of 6,000 barrels/day, reaching 20 days early compared to the calibration plan. This is an important milestone on the occasion of the 50th anniversary of Petrovietnam's founding.

Dai Hung mine belongs to Lot 05-1 (A), Nam Con Son tank, operated by PVEP 100% of the benefits and PVEP POC. From 2003 up to now, the mine has exploited nearly 75 million barrels of oil, contributing greatly to the national revenue.

Panoramic Scene of WHP-DH01, under the Development Development Project of Dai Hung phase 3.

The third phase project was approved by the Prime Minister in 2022. All stages such as design, construction, supervision ... are made by Vietnamese people in the Petrovietnam ecosystem. The general contractor is Vietsovpetro joint venture, with PTSC and PV Drilling.

The project not only helps maintain output production, improves economic efficiency, but also opens opportunities to expand exploration at Lot 05.1 (A) and neighboring lots, contributing to ensuring national energy security and sovereignty. This is a testament to the strong internal capacity and the persistent self -reliance of Petrovietnam after 50 years of development.

Urgently complete the procedure, Tu Lien Bridge will start the plan

The Tu Lien Bridge Project and the two ends of the bridge from Nghi Tam intersection to the Spratly intersection (Hanoi) are being implemented urgently, with the goal of signing the general contractor contract and supervision consultancy on May 18 and started on May 19, 2025.

The Project Management Board has issued EPC International Bidding Documents from April 11, aiming to close bids on May 16 and complete the evaluation and signing of contracts on schedule under the direction in Resolution No. 77/NQ-CP. The site clearance has many progress, with the Red and Duong river landmarks will be fully handed over before May 15.

The investment project to build Tu Lien Bridge is being urgently implemented.

The Department of Construction has completed the appraisal of overall technical design and estimates. It is expected that the starting location at the land area of ​​Vietnam Exhibition Center Joint Stock Company. The plans to ensure water traffic safety have also been approved.

The Project Management Board is coordinating departments and branches to complete the procedures, arrange the construction ground and ensure the commencement of the plan, aiming to complete a key transport work of the Capital.

Line clearance of Nhon Trach 3 power plant

During the holiday season 30/4 - 1/5, workers still worked hard to construct the project of 220 kV Nhon Trach 3 line - Turn My Xuan - Cat Lai in order to keep up the completion progress in June 2025 under the direction of the Prime Minister. The project is 6.83 km long, invested by EVNNPT, which plays an important role in clearing Nhon Trach 3 power plant capacity, ensuring electricity supply to Ho Chi Minh City and surrounding areas.

Construction of foundation pit location 18 Line project 220kV Nhon Trach 3 - Turn My Xuan - Cat Lai on 3/5/2025.

Currently, 9/11 foundations have been completed, 6/11 columns, the remaining two foundations (position 17 and 18) are difficult to execute due to the terrain dependent on tide. The construction unit is committed to completing the foundation in the range of 12-14 May and completing the entire project in June. However, the handover of the ground at some points still encountered problems because people have not agreed.

The Project Management Board asked the local authorities to continue supporting the propagation and approval of the compensation plan, accelerating the site clearance to ensure progress. The completed project will contribute to ensuring national energy security.

Will expand Chan May - Hue port added 458 hectares

On 5/5, City Council. Hue has passed the Resolution to amend and supplement the planning of Chan May port construction zoning, bringing the total scale to 1,160 hectares, an increase of 458 ha compared to the current plan. The adjustment is to develop Chan May port into an international general port, including container wharf, removable goods, liquid/gas and tourist pier. This will be an important sea traffic hub, inter -regional connection and goods transfer to Laos and Northeast Thailand.

Chan May port in Chan May - Lang Co economic zone, TP. Hue. Photo: Ngoc Tan

The expansion in accordance with the overall planning of Vietnam's seaport system development for the period of 2021–2030, vision to 2050 and the planning of Thua Thien Hue province. According to Decision 1745/QD-TTg, Chan May Port is oriented to receive ships of up to 200,000 tons, 4,000 TEU containers, international passenger ships to 225,000 GT. Chairman of the City People's Committee. Hue affirmed that this adjustment is a strategic step for Chan May port to meet the requirements of marine economic development and regional integration.

Source: https://baodautu.vn/phuong-an-lam-cao-toc-quang-ngai---kon-tum-44355-ty-dong-khoi-cong-nha-may -phu-tung -o-o-1400-ty-dong-d281207.html