$1 bln North-South Expressway sections to take shape in Phu Yen, Khanh Hoa

By Minh Ngoc
Tue, June 28, 2022 | 10:36 pm GMT+7

Two sections of North-South Expressway, totally worth VND23,500 billion ($1.01 billion), are slated to begin construction at the end of this year in Phu Yen and Khanh Hoa provinces, central Vietnam.

Phu Yen and Khanh Hoa are driving forces of south-central Vietnam's economic growth. They are both Vietnam's top travel destinations.

The 48-kilometer Chi Thanh-Van Phong and 84-kilometer Van Phong-Nha Trang sections are two component projects of North-South Expressway in the period of 2021-2025, according to feasibility studies submitted to the Ministry of Transport.

A section of Ho Chi Minh City-Trung Luong Expressway. Photo courtesy of Vietnam News Agency.

A section of Ho Chi Minh City-Trung Luong Expressway. Photo courtesy of Vietnam News Agency.

The VND11,000 billion ($473 million) Chi Thanh-Van Phong section will start from Tuy An district’s Chi Thanh town (Phu Yen) to Hoa Xuan Dong commune, Dong Hoa town (Khanh Hoa).

The 17-meter-wide route will have four lanes in the first phase with a designed speed of 80 kph. A total 32 bridges will also be built, along with a tunnel, a system of linking roads, electricity system, and drain.

The Van Phong-Nha Trang expressway in Khanh Hoa province will start at Van Ninh district’s Van Tho commune and end at Dien Tho commune in Dien Khanh district to link with the Nha Trang-Cam Lam section, one of the subprojects of the North-South Expressway eastern section.

The VND12,500 billion ($537.56 million) section will initially have four lanes before expanding to six and allow vehicles to travel at 80-100 kph.

Both sections are scheduled to start construction in the fourth quarter of this year, and complete after three years, to enter operation from 2026.

The two projects, once complete, will help create an economic and traffic connection axis between the northern, central and southern key economic regions along the north-south transport corridor.

Comments (0)
  • Read More
Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany energy firm wpd plans $180 mln wind power project in central Vietnam

Germany’s energy company wpd plans to invest VND4,600 billion ($181.62 million) in building a 143 MW wind power plant in Vietnam’s central coastal province of Binh Dinh.

Energy - Fri, January 17, 2025 | 10:21 pm GMT+7

BRICS – new key export market of Indonesia

BRICS – new key export market of Indonesia

Indonesia’s non-oil and gas exports to the five major BRICS nations reached $84.37 billion in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).

Southeast Asia - Fri, January 17, 2025 | 9:54 pm GMT+7

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Vietnam refinery operator BSR hits $2.6 bln valuation in bourse debut

Binh Son Refining and Petrochemical JSC, the operator of Vietnam’s first oil refinery Dung Quat, officially listed over 3.1 billion BSR shares on the Ho Chi Minh Stock Exchange (HoSE) on Friday, marking a rare "blockbuster" debut on the major bourse in recent years.

Companies - Fri, January 17, 2025 | 6:59 pm GMT+7

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

Two remaining weak Vietnamese banks transferred to VPBank, HDBank

The State Bank of Vietnam, the country's central bank, on Friday announced the mandatory transfers of two "weak" private banks under its special control, GPBank and DongA Bank, to VPBank and HDBank respectively.

Banking - Fri, January 17, 2025 | 4:32 pm GMT+7

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

DPPA not applied to non-manufacturing consumers, Vietnam ministry insists

Vietnam’s Ministry of Industry and Trade does not plan to extend the direct power purchase agreement (DPPA) mechanism to non-manufacturing consumers using the national grid.

Energy - Fri, January 17, 2025 | 3:50 pm GMT+7

Two foreign giants eye luxury marina, resort projects in central Vietnam

Two foreign giants eye luxury marina, resort projects in central Vietnam

Swiss investment fund Finance Suisse and the world’s leading superyacht builder Palmer Johnson are looking for opportunities to invest in a super-luxury marina and a resort in the south-central Vietnam province of Binh Dinh.

Industries - Fri, January 17, 2025 | 3:18 pm GMT+7

Int’l investment funds interested in Danang’s financial center: city leader

Int’l investment funds interested in Danang’s financial center: city leader

International investors and financial investment funds from the U.S., Singapore, the Middle East, and Switzerland are highly interested in developing a financial center in Danang, says Ho Ky Minh, the central city’s Vice Chairman.

Economy - Fri, January 17, 2025 | 12:49 pm GMT+7

Samsung’s ex-HR head Na Ki-hong to lead Samsung Vietnam from next month

Samsung’s ex-HR head Na Ki-hong to lead Samsung Vietnam from next month

Na Ki-hong, deputy CEO of Samsung Vietnam and former human resources head at Samsung Electronics, will succeed Choi Joo Ho as CEO of Samsung Vietnam from February.

Companies - Fri, January 17, 2025 | 12:41 pm GMT+7

Vietnam, Poland agree to consider elevating relations to strategic partnership

Vietnam, Poland agree to consider elevating relations to strategic partnership

Vietnamese Prime Minister Pham Minh Chinh and his Polish counterpart Donald Tusk have agreed that the two sides should consider upgrading relations to a strategic partnership soon, on the basis of high political trust and positive results of the 75-year traditional friendship.

Politics - Fri, January 17, 2025 | 10:59 am GMT+7

Japan’s Erex to operate wood pellet plant in northern Vietnam next month

Japan’s Erex to operate wood pellet plant in northern Vietnam next month

Japan's renewable energy firm Erex is conducting trial production at its wood pellet plant in Vietnam’s northern mountainous province of Tuyen Quang and will put it into official operation in February.

Energy - Fri, January 17, 2025 | 10:54 am GMT+7

AI can’t compete with human in curiosity, creativity, emotional intelligence: FPT exec

AI can’t compete with human in curiosity, creativity, emotional intelligence: FPT exec

AI lacks curiosity, creativity, and emotional intelligence - the qualities that humans must prioritize to maintain their competitive edge, says Hoang Nam Tien, former chairman of FPT Software and FPT Telecom under Vietnam's leading tech corporation FPT.

Companies - Fri, January 17, 2025 | 9:41 am GMT+7

HCMC’s Can Gio port project gets in-principle approval

HCMC’s Can Gio port project gets in-principle approval

Vietnamese Prime Minister Pham Minh Chinh has granted in-principle approval to the Can Gio International Transshipment Port project in Ho Chi Minh City, with investment capital exceeding VND50 trillion ($1.97 billion).

Infrastructure - Fri, January 17, 2025 | 8:17 am GMT+7

Vietnam's Big 4 lender Vietcombank to issue nearly 2.8 bln shares for dividend payment

Vietnam's Big 4 lender Vietcombank to issue nearly 2.8 bln shares for dividend payment

Vietcombank will expand its chartered capital from VND55,891 billion to VND83,557 billion ($3.29 billion) via an issuance of shares to pay dividends, becoming the largest bank in Vietnam by chartered capital.

Banking - Thu, January 16, 2025 | 7:58 pm GMT+7

Indonesia exports $1.5 million worth of steel to New Zealand

Indonesia exports $1.5 million worth of steel to New Zealand

Indonesian Trade Minister Budi Santoso on Wednesday sent off export consignments of welded beam steel, measuring 1,200 metric tons and valued at $1.5 million, to New Zealand, reported national news agency Antara.

Southeast Asia - Thu, January 16, 2025 | 7:17 pm GMT+7

Vietnam to build Ninh Thuan nuclear power plant within 5 years

Vietnam to build Ninh Thuan nuclear power plant within 5 years

Vietnam strives to complete building its Ninh Thuan nuclear power plant in five years (by 2030), towards the 100th anniversary of the Communist Party of Vietnam (1930-2030).

Energy - Thu, January 16, 2025 | 5:06 pm GMT+7

Malaysia, UK discuss elevating relations to strategic partnership

Malaysia, UK discuss elevating relations to strategic partnership

Malaysian Prime Minister Datuk Seri Anwar Ibrahim and his UK counterpart Keir Starmer discussed the elevation of bilateral relations to a strategic partnership during their talk in London on Wednesday.

Southeast Asia - Thu, January 16, 2025 | 3:30 pm GMT+7