Construction trio keen on building $1.5 bln expanded expressway in southern Vietnam
Three construction majors in Vietnam are interested in building an expanded expressway connecting Ho Chi Minh City with the Mekong Delta provinces of Long An and Tien Giang for an estimated VND38.6 trillion ($1.52 billion).
A recent pre-feasibility report on the HCMC-Trung Luong-My Thuan expanded expressway, submitted by a transport infrastructure agency to the Ministry of Transport, mentions the three companies as: Deo Ca Group; Ho Chi Minh City Infrastructure Investment JSC (CII), and Tasco JSC.
The Trung Luong-My Thuan expressway in southern Vietnam that is set for a major expansion. Photo courtesy of the government's news portal.
The expansion of the 91 kilometer highway from the current two lanes to eight lanes, will be done under a public-private partnership (PPP) format and a build-operate-transfer (BOT) contract with no state funding involved.
The total investment, fully covered by the investors, will comprise VND5.8 trillion ($228.4 million), or 15%, from the owners’ equity; and the remaining VND32.88 trillion ($1.29 billion) sourced through loans and other financial resources.
The project is expected to receive an in-principle nod in Q1/2025, with full approval estimated to be granted between Q2 and Q3/2025. Contractor selection is scheduled to happen between Q3/2025 and Q1/2026.
The expressway is scheduled to be built from Q1/2026 to Q4/2028.
The investors will collect toll from the expressway over 23 years and five months to recover their capital.
- Related News
- Read More
Novaland says revenue, profit inflection point to come from 2027
Major Vietnamese developer Novaland said it expects a meaningful pickup in revenue and profit from 2027, as 2026 will only see limited recognition despite the resumption of sales.
Companies - Wed, April 15, 2026 | 8:17 am GMT+7
Vietnam's central bank to continue easing bias on interest rates
State Bank of Vietnam said it will continue steering interest rates lower to support economic growth, while maintaining a careful balance with inflation control.
Banking - Tue, April 14, 2026 | 9:16 pm GMT+7
Vinhomes targets record $1.9 bln profit, bets on transit-oriented development strategy
Vinhomes, a subsidiary of conglomerate Vingroup (HoSE: VIC), has outlined a record-breaking 2026 business plan, targeting net profit of VND50 trillion ($1.9 billion), up 18.7% year-on-year, as Vietnam’s largest listed developer positions for a selective recovery in the property market.
Companies - Tue, April 14, 2026 | 4:55 pm GMT+7
Hanoi eyes mega underground reservoir system to tackle flooding
Hanoi is planning an ambitious underground infrastructure network, including a massive “super reservoir” system, as part of a 100-year urban development vision aimed at tackling chronic flooding.
Infrastructure - Tue, April 14, 2026 | 4:33 pm GMT+7
Shipping behemoth MSC selected as major investor for mega port project in southern Vietnam
Authorities in Ho Chi Minh City have approved a consortium consisting of Vietnam Maritime Corporation (VIMC), Saigon Port, and Terminal Investment Limited Holding S.A. as the investor for the $4.98 billion Can Gio international transshipment port project.
Infrastructure - Tue, April 14, 2026 | 2:27 pm GMT+7
GG Power launches internationally standard energy storage battery plant
GG Power, a wholly Vietnamese-owned firm, has debuted a battery energy storage system (BESS) manufacturing plant in Hung Yen province, marking a milestone in the country’s push into high-tech energy industries.
Industries - Tue, April 14, 2026 | 11:47 am GMT+7
Firms need legal clarity, non-criminalization of business risks to invest boldly: lawyer
Businesses will only commit to large-scale investments and long-term strategies when the legal framework is transparent and consistent, without mechanical criminalization of business risks, said a lawyer at Baker & McKenzie.
Economy - Tue, April 14, 2026 | 8:58 am GMT+7
Generational transition must strengthen, not just transfer, leadership: SHB bank vice chairman
Do Quang Vinh, vice chairman of Vietnamese private bank SHB, said generational transition in Vietnamese companies should focus on strengthening capabilities rather than simply transferring authority, as firms enter a new phase of development.
Companies - Mon, April 13, 2026 | 10:33 pm GMT+7
Vietnam’s textile giant Vinatex posts 31% profit jump in Q1, braces for potential trade risks
Vietnam National Textile and Garment Group (UPCoM: VGT) reported Q1 profit rising 31% year-on-year, as improved yarn margins and stable garment orders helped offset a volatile global backdrop.
Companies - Mon, April 13, 2026 | 5:07 pm GMT+7
Private sector – 'one most important growth driver': legislator
After 40 years of Doi moi (reform), Vietnam's private sector has surged to become "one most important growth driver", helping build a more autonomous, self-reliant and resilient economy, says Phan Duc Hieu, a member of the National Assembly's Economic and Financial Committee.
Economy - Mon, April 13, 2026 | 4:37 pm GMT+7
Vietnam conglomerate Thaco’s 2025 profit jumps 65% to $251 mln
Vietnamese conglomerate Thaco posted strong earnings growth in 2025, with net profit from its core operations surging over 65% on the back of its real estate segment, according to newly released disclosures from Singapore-based shareholder Jardine Matheson.
Companies - Mon, April 13, 2026 | 2:58 pm GMT+7
Vietnamese private economic groups: Achievements, efforts and paradoxes
If we place Vietnam's private sector in the context of the region and the world, a clear paradox emerges: numerous but not yet strong, dynamic but not yet profound, making significant contributions but maintaining a modest position in the global value chain, writes Dau Anh Tuan, deputy secretary general of the Vietnam Federation of Commerce and Industry (VCCI).
Economy - Mon, April 13, 2026 | 1:57 pm GMT+7
Dung Quat oil refinery operator BSR posts strong Q1 profit amid energy market volatility
Binh Son Refining and Petrochemical JSC (HoSE: BSR), the operator of Vietnam’s first oil refinery Dung Quat, reported estimated Q1 net profit of nearly VND3.35 trillion ($127.1 million), more than eight times higher than a year earlier, despite global energy market disruptions linked to Middle East tensions.
Companies - Mon, April 13, 2026 | 11:57 am GMT+7
The Investor to host conference '40 years of reform: The leading role of economic groups' today
The Investor (www.theinvestor.vn) and Nha dau tu (www.nhadautu.vn) will host a conference titled "40 years of reform: The leading role of economic groups" at 1:30 p.m. Monday, April 13 in Hanoi.
Economy - Mon, April 13, 2026 | 11:15 am GMT+7
Unlocking and mobilizing resources for the development of Vietnam’s leading economic groups in new growth era
Only when a development structure where large firms lead, SMEs diffuse growth, and the State enables development is formed, can Vietnam build a sufficiently strong enterprise foundation for a new growth model, write deputy director Dr. Bui Thanh Minh and researcher Tran Duc Anh at the Private Sector Development Research Board (Board IV) Office.
Economy - Mon, April 13, 2026 | 8:00 am GMT+7
VinSpeed starts work on Hanoi-Quang Ninh high-speed railway project
VinSpeed High-Speed Railway Investment and Development JSC, an arm of Vietnam’s leading private conglomerate Vingroup, on Sunday broke ground on the Hanoi-Quang Ninh high-speed railway project in Quang Ninh province, northern Vietnam.
Infrastructure - Sun, April 12, 2026 | 3:58 pm GMT+7
