$20 million shopping mall coming soon; $319 million auto factory to start construction

Da Nang is about to have a 20 million USD commercial center

MM Mega Da Nang Super Center will officially open on November 17, marking the first presence of the shopping center model built by MM Mega Market in Vietnam.

Da Nang is about to have a 20 million USD commercial center

The project has a total investment of 20 million USD, located on an area of nearly 1.92 hectares in Hoa Khanh ward, Lien Chieu district - an area oriented to become the new urban center of the city. The strategic location helps the project conveniently connect to traffic routes, industrial parks and major seaports in the Northwest of Da Nang.

The project has now entered the completion stage with more than 400 engineers, contractors and operating staff of MM Mega Market Vietnam working continuously to ensure progress. The center is constructed according to international standards of TCC/BJC Group, aiming to achieve EDGE Green Building certification issued by the International Finance Corporation (IFC).

The application of energy saving criteria and the use of environmentally friendly materials demonstrate a commitment to sustainable development, in line with Da Nang's "green economy " orientation. More than 90% of the products sold here are domestically sourced and strictly quality controlled, contributing to promoting Vietnamese goods and connecting local businesses to modern supply chains.

Quang Ngai public investment disbursement in 9 months reached 53%

As of September 30, 2025, Quang Ngai province has disbursed VND 4,169 billion in public investment capital, reaching 53% of the capital plan assigned by the Prime Minister and equal to 40% of the capital plan assigned by the Provincial People's Council. Of which, the local budget disbursed VND 2,808 billion, the central budget 1,361 billion.

In 9 months, Quang Ngai has disbursed public investment capital reaching 53% of the capital plan assigned by the Prime Minister.

It is estimated that by the end of October 2025, the province will disburse about VND4,880 billion, equivalent to 62% of the plan, with most of the capital coming from the local budget. The total public investment capital plan for 2025 of Quang Ngai assigned by the Prime Minister is VND7,866 billion, while the Provincial People's Council assigned VND10,325 billion.

According to the People's Committee of Quang Ngai province, compensation and site clearance work is still a major "bottleneck" causing many projects to be behind schedule. In addition, the review and adjustment of investment scale and land use fee revenue not meeting the estimate also affects the disbursement progress.

To overcome this, the province is implementing many drastic solutions, linking the responsibility of leaders with disbursement results. Two working groups led by Vice Chairmen of the Provincial People's Committee have been established to urge and remove obstacles, aiming to disburse 100% of the capital plan before January 31, 2026.

Proposal to assign VEC to expand Cau Gie - Ninh Binh expressway with capital of 3,013 billion VND

Vietnam Expressway Corporation (VEC) has just proposed to the Prime Minister to assign it as the managing agency of the Cau Gie - Ninh Binh Expressway expansion project from 4 to 6 lanes, with a total investment of about 3,013 billion VND, expected to start construction in the third quarter of 2026 and complete in 2027.

A section of Cau Gie - Ninh Binh expressway invested by VEC.

The 50 km project is considered necessary when the current route is overloaded and often congested, especially during holidays and Tet. The expansion will be synchronized with the Phap Van - Cau Gie section which already has 6 lanes and the Cao Bo - Mai Son section which is expected to be completed in 2026, helping to avoid the risk of becoming a "bottleneck" on the North - South expressway axis in the North.

According to the proposal, VEC will mobilize about VND2,913 billion, of which VND583 billion is equity capital and more than VND2,300 billion is domestic loan; the state budget supports VND100 billion under the medium-term public investment plan 2026-2030. Existing bridge and culvert items have been pre-designed for a scale of 6 lanes, ensuring the ability to construct quickly.

VEC leaders affirmed that the synchronous expansion of this expressway not only improves transport capacity but also promotes the effective use of state capital, creating momentum for economic growth in the region and the whole country.

Dak Lak urges completion of Component Project 3, Khanh Hoa - Buon Ma Thuot Expressway

After completing 100% of the site handover work, the Dak Lak Provincial People's Committee requested construction units to mobilize maximum resources to speed up the progress of Component Project 3, Khanh Hoa - Buon Ma Thuot Expressway Phase 1.

Vice Chairman of the Provincial People's Committee Truong Cong Thai signed a document urging and requesting the Provincial Management Board of Investment Projects for Construction of Traffic Works and Rural Development to closely coordinate with contractors, organize 3 shifts, 4 scientific teams, compensate for slow workload, and ensure the project is completed on schedule.

Component 3 project, managed by the Dak Lak Provincial People's Committee, has a total length of more than 48 km and a total investment of VND6,165 billion. As of October 16, the construction volume reached more than 71.8% of the construction contract value, equivalent to VND3,084 billion, although it is still about 4.7% behind schedule.

Regarding disbursement, the project has so far implemented more than 3,078 billion VND, reaching 71.35% of the total allocated capital, of which the capital plan for 2025 has only reached nearly 40%. The provincial government requires units to speed up and remove obstacles to complete the project on schedule, ensuring quality and investment efficiency.

Gia Lai converts nearly 9 hectares of forest to implement the North-South Expressway Rest Stop Project

The People's Council of Gia Lai province has just passed a resolution allowing the conversion of 8.84 hectares of forest to other purposes to implement the Rest Stop Project Km77+820 on the North-South Expressway, Eastern section, Quang Ngai - Hoai Nhon, invested by the Vietnam National Petroleum Group.

Rest stop at Km 35+500 of Hoai Nhon - Quy Nhon Component Project. Photo: Q.D.

The converted area includes hybrid acacia plantations, coconut plantations and agricultural land originating from forest land. The total scale of the project is more than 10.8 hectares, including land used for the expressway. Currently, the entire site has been handed over, the investor has completed the topographic survey, mine clearance and prepared documents for environmental and fire prevention and fighting licenses.

The passing of this resolution helps to remove the procedures for converting forest land - the biggest obstacle, creating conditions to speed up the project's progress. In addition, the Km35+500 rest stop invested by FUTA Rest Stop Company Limited is also implementing leveling and building technical infrastructure, and is being guided to complete environmental procedures and forest conversion to soon put the project into operation.

Lam Dong has nearly 300 projects facing difficulties and obstacles that need to be resolved.

Lam Dong province is focusing on reviewing and handling projects that are behind schedule and stopping construction to free up investment resources and avoid wasting land. According to the provincial Department of Finance, the province currently has 2,934 valid investment projects, of which 407 are behind schedule and nearly 300 are facing problems that need to be resolved.

Implementing the direction of the Government and the Provincial Party Committee, the Provincial People's Committee requested departments, branches and localities to strengthen supervision, inspection, and strictly handle cases of lack of capacity, slow compensation and site clearance or implementation of countermeasures. From the beginning of 2024 to mid-October 2025, 89 projects have been terminated.

On August 13, 2025, the Provincial People's Committee issued Decision 730/QD-UBND to establish a specialized Steering Committee to review and remove difficulties for projects, with the goal of thoroughly handling the stagnation situation, promoting the completion and putting projects into use, contributing to improving the efficiency of management and socio-economic development of the locality.

Geleximco Group leads the consortium to implement the Phu Hoa Lake Project worth nearly 22,000 billion VND.

The People's Committee of Gia Lai province has just approved the results of selecting investors for the Phu Hoa Lake Urban - Tourism - Culture - Sports Area Project, with a total investment capital of more than VND 21,954 billion. The winning consortium includes Geleximco Group, Glexhomes, Phuc Loc Group (PLG) and Cienco 8, in which Geleximco is the leading unit.

After more than 5 years of vacancy, the Phu Hoa Lake Urban - Tourism - Cultural - Sports Area Project has found an investor.

The project covers an area of approximately 280 hectares, spread across three wards of Quy Nhon City, including housing, social infrastructure, commercial - tourism and sports services, serving a population of approximately 34,500 people. The total cost of implementation is over VND 20,700 billion, compensation and site clearance costs are over VND 1,100 billion.

The project implementation period lasts nearly 15 years, from the second quarter of 2025 to the fourth quarter of 2040, divided into two phases: the first phase focuses on completing procedures, site clearance and investing in essential infrastructure; the second phase completes the entire infrastructure system and works.

Gia Lai Provincial People's Committee requires the consortium to ensure financial capacity, comply with planning, and not transfer the project. If after 12 months from the date of approval, the project is not implemented, it will be considered for termination according to regulations.

Da Nang invests more than 350 billion VND to build and upgrade 3 key schools

The People's Committee of Da Nang City has just approved the investment policy for three projects to build new, expand and upgrade key schools, including Thai Phien High School, Nguyen Phan Vinh Primary School (campus 1) and Nguyen Van Troi Primary School (campus 1), with a total capital of more than 350 billion VND from the city budget.

Of which, Thai Phien High School was invested 22.68 billion VND to renovate four school buildings, upgrade technical systems, restrooms, playgrounds and fire prevention and fighting systems, to meet teaching and learning needs in the new period.

Nguyen Phan Vinh Primary School (facility 1) was expanded with an investment capital of 157.7 billion VND, building new classrooms, a multi-purpose building and synchronous technical infrastructure, ensuring conditions for relocation and merger of facility 2.

Nguyen Van Troi Primary School Project (facility 1) has a total capital of 169.67 billion VND, built in Hoa Khanh ward with a scale of three floors, including 30 classrooms, 9 subject rooms and a multi-purpose house, replacing the old, degraded facility, contributing to the completion of educational infrastructure in the western part of the city.

Dak Lak urges progress of coastal road

Dak Lak provincial leaders requested localities and relevant units to urgently speed up site clearance and resettlement to soon complete the Coastal Road Project - a key project to promote socio-economic development of the province.

The Coastal Road Project is a key project, helping to complete the province's coastal road.

The project has a total length of more than 25.6 km, with a total investment of more than 3,825 billion VND from the central and provincial budgets, passing through 2 wards and 3 communes. The entire route is divided into 3 independent investment phases. Of which, the section connecting Tuy An district - Tuy Hoa city is 14.67 km long with a total investment of 2,228 billion VND, currently reaching about 3.5% of the construction value and 48.39% of the site clearance volume.

The 7.48 km long northern section of An Hai Bridge has reached 38.3% of construction progress, while the 3.6 km long phase 3 is expected to be approved in the fourth quarter of 2025 and implemented from 2026. Provincial leaders requested to complete the handover of the site in 2025, ensure the rights of the people and soon complete the project to connect coastal infrastructure, opening up a new development momentum for the eastern region of Dak Lak.

Geleximco Group starts construction of $319 million automobile manufacturing factory in Hung Yen

On October 30, Geleximco Group (Vietnam) and Chery Group (China) started construction of the GEL-O&J automobile manufacturing plant in Hung Phu Industrial Park, Hung Yen province, with a total investment of 319 million USD on an area of 38.1 hectares.

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Groundbreaking ceremony of Gel-O&J Automobile Factory took place in Hung Yen province

The project will be implemented in two phases from 2025 to 2029, with a designed capacity of 120,000 vehicles/year, including welding, painting, assembly, plastic parts workshops, logistics centers and European-standard test tracks. This is the first Chinese car assembly plant in Vietnam and one of the largest industrial projects in Hung Yen.

The factory is designed according to the “Green Factory - Smart Factory” model, applying automation and smart management technology, reusing natural energy, rainwater and environmentally friendly materials. This will be the main production facility for new energy vehicle models Omoda & Jaecoo in Vietnam.

Hung Yen authorities affirmed that they will provide maximum support in terms of infrastructure and administrative procedures to ensure the project is completed on schedule. Once operational, the factory is expected to create thousands of jobs and contribute to making Vietnam an important link in the global automobile production chain.

Hung Yen: Commencement of construction of a vital road worth over 4,900 billion VND connecting Thai Binh ward with Pho Hien ward

On the morning of October 31, Hung Yen province held a groundbreaking ceremony for the road from Thai Binh ward to Hung Ha commune connecting Pho Hien ward - a key traffic project with a total investment of more than 4,900 billion VND. The project is expected to create a breakthrough for traffic infrastructure and economic development in the region.

Delegates performed the ceremony of pressing the button to start the project.

The route is more than 10 km long, passing through many key communes and wards, designed according to the standards of a grade III plain road, synchronized with 8 bridges, 9 intersections and a modern infrastructure system. Investment capital comes from the central budget, local budget and other legal sources, implemented in the period 2025-2028.

The project is divided into two phases, with more than 3,700 billion VND for phase 1 and more than 1,100 billion VND for phase 2. The consortium of contractors such as Xuan Quang and Truong Son committed to mobilizing maximum human resources, equipment, and applying advanced technology to ensure progress, quality, and labor safety.

Hung Yen Provincial Party Secretary Nguyen Huu Nghia requested relevant units to focus on site clearance, capital management and construction supervision, striving to complete the project early, meeting people's expectations and contributing to perfecting the regional traffic network.

Ho Chi Minh City is about to welcome a series of billion-dollar high-tech projects.

Ho Chi Minh City is becoming an attractive destination for global technology corporations with a series of data center and high-tech manufacturing projects with a total investment capital of billions of USD. The city is actively reviewing land funds and supporting procedures for projects of G42 (UAE), BW, Sembcorp - BB Holding and Evolution Data Centers in the High-Tech Park.

Evolution Data Centres Group is preparing to build a large-scale data center with a total committed investment capital of 500 million USD at SHTP. Photo: Le Toan.

Notably, the Super Data Center project worth about 2 billion USD invested by G42 - Microsoft - FPT - VinaCapital and Viet Thai was welcomed by Deputy Prime Minister Nguyen Chi Dung and assigned Ho Chi Minh City to establish a Working Group to support. In addition, Evolution Data Centers committed to invest 500 million USD to build a large-scale data center at SHTP.

The city has also signed cooperation agreements with many leading technology corporations such as NVIDIA, SAP Labs, AMD and Intel to develop AI laboratories, R&D centers and train high-quality human resources. As a leading innovation locomotive, Ho Chi Minh City is aiming to become the leading technology and financial center in the region, strongly attracting FDI capital flows into the field of science and technology.

Source: https://baodautu.vn/sap-co-trung-tam-thuong-mai-20-trieu-usd-khoi-cong-nha-may-san-xuat-o-to-319-trieu-usd-d426386.html