Construction of $1.9 bln Mekong Delta expressway kicks off
Construction of the Chau Doc-Can Tho-Soc Trang Expressway, which will be the first to connect the Mekong Delta with Vietnam's national expressway network, began on Saturday.
The project has investment of VND44.69 trillion ($1.9 billion) from the state budget.
The 188-kilometer expressway will run through the provinces of An Giang, Can Tho, Hau Giang, and Soc Trang, and will have four lanes with a maximum speed limit of 100 kilometers per hour in the first phase. The second phase will expand to six lanes, and the project is expected to be completed in 2027.
Prime Minister Pham Minh Chinh and Vice President Vo Thi Anh Xuan attended the groundbreaking ceremony in An Giang, while Deputy Prime Minister Le Minh Khai joined the event in Soc Trang.

Prime Minister Pham Minh Chinh (center) and Vice President Vo Thi Anh Xuan (third, left) attend the construction starting ceremony of Chau Doc-Can Tho-Soc Trang Expressway in An Giang province, Vietnam's Mekong Delta on June 17, 2023. Photo courtesy of the government portal.
The expressway will be the first to connect the Mekong Delta with the national expressway network, and is one of six planned expressways for the region with a total length of 1,188 kilometers by 2050. The project aims to connect economics hubs, border gates, and seaports in the Mekong Delta, driving socioeconomic growth in the region.
PM Chinh praised the Ministry of Transport and the four localities for their speedy preparation of the project within a year, instead of the usual two years. He also urged them to focus on site clearance and compensation for affected residents, aiming to hand over 100% of the land by the end of this year.
According to the transport ministry, the Mekong Delta currently has 90 kilometers of expressways and another 458 kilometers under construction, which are scheduled to be finished by 2025.
Per the planning until 2050, the Mekong Delta will have 1,188 out of the 9,014 kilometers of expressways across Vietnam, including 760 kilometers by 2030 and 420 kilometers more after 2030.
Construction on a section of the Ring Road 3 around Ho Chi Minh City and on the Bien Hoa-Vung Tau Expressway, which is also part of the Southern Key Economic Zone (SKEZ), is scheduled to start on Sunday.
The SKEZ covers HCMC and the provinces of Binh Duong, Dong Nai, Long An, Ba Ria- Vung Tau, Binh Phuoc, Tay Ninh, and Tien Giang. Ring Road 3 will run 76.3 kilometers through HCMC, Dong Nai, Binh Duong, and Long An. It will cost an estimated VND75.4 trillion ($3.2 billion).
The Bien Hoa-Vung Tau Expressway project is located in Dong Nai and Ba Ria-Vung Tau. The first phase, with investment capital of VND17.8 trillion ($757 million), should be completed in 2025 and opened in 2026.
- Read More
Malaysia remains 9th largest global exporter of high-tech products
Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.
Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7
Insights into Decision 768 amending Vietnam's power development plan VIII
Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.
Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7
From loss to profit: steel maker SMC sees stock rally, avoids delisting risk
Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.
Companies - Tue, April 29, 2025 | 3:45 pm GMT+7
Dairy giant TH plans $234 mln factory in southern Vietnam
A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.
Companies - Tue, April 29, 2025 | 3:19 pm GMT+7
Int’l organizations lower Indonesia’s 2025 economic growth forecast
Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.
Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7
Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics
Indonesia, a Muslim-majority country, is eager to share its expertise in Halal standards and looks forward to collaborating with Vietnam in sectors such as food processing, cosmetics, tourism, and Halal financial services, said Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City.
Companies - Tue, April 29, 2025 | 1:34 pm GMT+7
MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln
Food seasoning maker Vedan recorded a revenue of $166 million in Vietnam last year, down 4% year-on-year, according to the 2024 performance review of the Taiwan-headquartered firm.
Companies - Tue, April 29, 2025 | 11:45 am GMT+7
Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem
Businesses from Vietnam and Japan signed numerous MoUs aimed at developing a cooperation ecosystem in innovation and high-tech industries on the sidelines of a forum in Hanoi on Monday.
Economy - Tue, April 29, 2025 | 11:31 am GMT+7
Vietnam’s VPBank targets 35% annual credit growth over next 5 years
Vietnam’s leading private lender VPBank expects to post annual credit growth of 35% over the next five years after taking over weaker lender GPBank, said VPBank chairman Ngo Chi Dung.
Banking - Tue, April 29, 2025 | 8:17 am GMT+7
Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam
Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.
Economy - Mon, April 28, 2025 | 11:07 pm GMT+7
Malaysia highlights roles of ASEAN, BRICS in regional cooperation
Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.
Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7
Singapore negotiates for US concessions on pharmaceuticals, chips
Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.
Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7
Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit
Idico Corporation, a major industrial park developer in Vietnam, has applied for listing its shares on the Ho Chi Minh Stock Exchange (HoSE) and kept its 2025 business plan unchanged with a pre-tax profit target of VND2.6 trillion ($100 million).
Companies - Mon, April 28, 2025 | 9:53 pm GMT+7
Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam
Sun Group, Vietnam's leading real estate developer, on Saturday broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa.
Real Estate - Mon, April 28, 2025 | 9:30 pm GMT+7
Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years
In the Bank Satisfaction Rankings 2025, Saigon-Hanoi Bank (SHB) not only makes it to the top 10 but also stands out as the bank with fastest growth in customer satisfaction for two consecutive years.
Companies - Mon, April 28, 2025 | 4:19 pm GMT+7
India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam
Indian-invested KCP Vietnam Industries Limited has proposed raising the capacity of its Son Hoa sugar plant to 15,000 tons of sugarcane per day and deploying the 45 MW second phase of its 75 MW KCP Phu Yen biomass power plant, both in Phu Yen province.
Industries - Mon, April 28, 2025 | 3:35 pm GMT+7