$2.4 bln central Vietnam expressway to take shape

A section of North-South Expressway. Photo courtesy of Phu Tho province's portal.
Authorities of Gia Lai, Kon Tum and Binh Dinh provinces have proposed to build Quy Nhon-Pleiku Expressway with a total investment of VND56,000 billion ($2.42 billion), connecting the Central Highlands with the country's south-central coast.
The expressway, which runs parallel to National Highway 19, will be 160 kilometers long and have four lanes. Funding is set to come from the state budget, official development assistance loans, and a variety of other sources. The entire project is expected to be completed in 2030.
Phase one, from 2021 to 2025, will build two lanes in advance and prepare the way for four lanes at a cost of VND40,000 billion ($1.73 billion).
The expressway, as proposed, begins at the intersection of National Highway 1 in Tuy Phuoc district, Binh Dinh province (south-central Vietnam), and ends at the intersection with the North-South Expressway western section in Pleiku town, Gia Lai province (the Central Highlands). Tuy Phuoc district neighbors Quy Nhon, the economic and tourism center of Binh Dinh.
The route will establish an expressway across the central coastal region's system of seaports, linking the East Sea with the economic triangle of Vietnam, Laos, and Cambodia, as well as Thailand and Myanmar.
This is also a horizontal route that connects vertical highways, including the North-South expressway, completing Vietnam's expressway network.
If authorized, this will be the fifth expressway linking the Central Highlands.
- Read More
Brazil to import more products from Vietnam: President
Brazil will import more products from Vietnam than other traditional partners in the coming time, said visiting Brazilian President Luiz Inácio Lula da Silva.
Economy - Sun, March 30, 2025 | 8:17 am GMT+7
Vietnam to have 34 cities, provinces, instead of 63: Party chief
Vietnam plans to reduce the number of cities and provinces from the current 63 to 34, as part of a scheme to streamline its administrative apparatus, Party General Secretary To Lam said Friday.
Politics - Sat, March 29, 2025 | 4:18 pm GMT+7
Thailand’s digital ad spending predicted to grow 10% in 2025
Thailand’s online advertising spending in 2025 is forecast to grow 10% to THB35 billion (over $1 billion), based on a gradual rebound of the local economy and intense competition in the digital industry, according to the Digital Advertising Association of Thailand (DAAT).
Southeast Asia - Sat, March 29, 2025 | 3:39 pm GMT+7
US Defence Secretary reaffirms alliance commitment during visit to Philippines
U.S. Secretary of Defence Pete Hegseth reaffirmed Washington’s strong commitment to its alliance with the Philippines during his official visit to the Southeast Asian country on Friday.
Southeast Asia - Sat, March 29, 2025 | 3:32 pm GMT+7
Southern Vietnam province Tra Vinh okays five more wind power projects
Vietnam's southern coastal province of Tra Vinh has granted in-principle approvals for five wind power plant projects, with a total investment of over VND 13.8 trillion ($540 million).
Southeast Asia - Sat, March 29, 2025 | 3:29 pm GMT+7
Vietnam, South Africa eye stronger air logistics links
Vietnam and South Africa are seeking to strengthen air logistics cooperation to meet rising trade and transportation demands.
Southeast Asia - Sat, March 29, 2025 | 3:24 pm GMT+7
Net profit of Vietnam-Singapore Industrial Park nearly doubles in 2024
Vietnam-Singapore Industrial Park J.V. Co., Ltd, or VSIP, the largest industrial park developer in Vietnam, posted VND3.28 trillion ($128.37 million) in net profit in 2024, up nearly 93% year-on-year.
Industrial real estate - Sat, March 29, 2025 | 3:18 pm GMT+7
Trump Organization eyes golf course, hotel projects in Vietnam
A consortium between the Trump Organization and its partner in Vietnam plans multiple investments worth billions of dollars in golf courses, hotels and real estate projects Vietnam, Reuters quoted the consortium’s spokesman as saying.
Real Estate - Sat, March 29, 2025 | 11:06 am GMT+7
Livestock major Dabaco invests in 8.2-hectare dry port in northern Vietnam
Vietnam’s leading livestock firm Dabaco has invested in an 8.2-hectare inland container depot (ICD) in Bac Ninh province, an emerging manufacturing hub in northern Vietnam and home to a Samsung Electronics plant.
Infrastructure - Sat, March 29, 2025 | 10:51 am GMT+7
Phuong Tien Minh appointed CEO of life insurer FWD Vietnam
Hong Kong-headquartered FWD Group Holdings Limited has appointed Phuong Tien Minh as CEO of life insurer FWD Vietnam, effective Thursday, March 27.
Finance - Sat, March 29, 2025 | 10:40 am GMT+7
Vietnam's Deputy PM backs formation of free trade zone in Binh Dinh province
Vietnam’s Deputy Prime Minister Nguyen Chi Dung on Friday expressed his support for an early study of a free trade zone in Phu My Port area, the south-central province of Binh Dinh.
Economy - Sat, March 29, 2025 | 8:25 am GMT+7
Vietnam offers numerous advantages for Skoda Auto's investment: executive
Vietnam offers a range of advantages for investment by Czech automaker Skoda Auto, including its seaport system, logistics infrastructure, and skilled labor, the company’s chairman and CEO Klaus Zellmer said on Thursday.
Industries - Fri, March 28, 2025 | 7:33 pm GMT+7
Vietnam plans to cut import tax for LNG to 2%
Vietnam’s Ministry of Finance is drafting a decree on preferential import tax for some products, including a proposal of 2% tax rate for LNG.
Energy - Fri, March 28, 2025 | 4:31 pm GMT+7
AES’s $2.1 bln LNG power project needs solutions to meet deadline: Vietnam authorities
The 2,250-MW Son My 2 LNG-fired power project, invested by the U.S.'s AES and state-run Petrovietnam subsidiary PV Gas, “needs solutions” to meet its deadline.
Energy - Fri, March 28, 2025 | 4:06 pm GMT+7
Over $9 bln pledged for investment projects in central Vietnam province Binh Dinh
Binh Dinh province on Friday handed over MoUs on investment cooperation, in-principle approvals and investment registration certificates to 62 projects worth over VND231 trillion ($9.03 billion).
Industries - Fri, March 28, 2025 | 4:05 pm GMT+7
Vietnam's giant Vingroup eyes mullti-billion-dollar renewable, LNG power projects
Vietnam's leading private conglomerate Vingroup is seeking the government's permission to develop seven renewable energy projects worth $20-25 billion and a $5.5 billion LNG-fired power project from 2025-2030.
Energy - Fri, March 28, 2025 | 1:09 pm GMT+7