Deputy PM urges proposal for expressway connecting Lam Dong, Khanh Hoa provinces

By Minh Hue
Thu, December 7, 2023 | 9:49 am GMT+7

The Vietnamese provinces of Lam Dong and Khanh Hoa should ask the Prime Minister to consider approving the construction of the Nha Trang-Lien Khuong Expressway linking the neighboring provinces, said Deputy Prime Minister Tran Hong Ha on Tuesday.

The two provinces were asked to research the Transit Oriented Development (TOD) model for the expressway and adjust planning to effectively tap related socio-economic infrastructure.

A section of the North-South Expressway. Photo courtesy of the government's news portal.

A section of the North-South Expressway. Photo courtesy of the government's news portal.

According to the national expressway network development plan, construction on the Nha Trang-Lien Khuong Expressway project was expected to start after 2030, but under the direction of Ha it may commence sooner.

In September, Son Hai Group, headquartered in Quang Binh province, proposed the south-central province of Khanh Hoa build the Nha Trang-Lien Khuong Expressway with a length of 103 kilometers and a width of 17 meters. The four-lane route is expected to allow vehicles to run at a speed of 80-100 km/h.

Of the total length, 48 kilometers are in Khanh Hoa and the rest in the Central Highlands province of Lam Dong. The project will be implemented in the public-private partnership (PPP) – build-operate-transfer (BOT) format, with total investment capital estimated at VND36 trillion ($1.48 billion).

The Ministry of Planning and Investment is responsible for scrutinizing a proposal to add VND2.5 trillion ($103 million) from the central budget to the project and reporting to competent authorities for approval, Deputy PM Ha said, adding Lam Dong province must prepare conditions to adjust the project's investment plan right after the proposal is passed.

The Deputy PM also assigned the Ministry of Transport to quickly appraise the basic design of the Tan Phu-Bao Loc Expressway project running through Lam Dong and Dong Nai provinces.

The Ministry of Planning and Investment was tasked with completing an appraisal of the project’s feasibility study, ensuring construction will kick off in the first quarter of 2024. The PPP project had its investment plan approved by Prime Minister Pham Minh Chinh in late 2022.

The expressway is expected to have a total length of 66 kilometers, including 11 kilometers in Dong Nai and 55 kilometers in Lam Dong. In the first phase, the 17-meter road will have four lanes for cars, with a designed speed of 80 km/h. It is expected to be inaugurated in 2026.

Ha also requested Lam Dong province and the transport ministry to complete a pre-feasibility study for a project to renovate the Thap Cham-Da Lat railway.

According to the province’s pre-feasibility report, the Thap Cham-Da Lat railway runs from Phan Rang town and Ninh Son district in Ninh Thuan province to Lam Dong’s Don Duong district and Da Lat town. The 83-kilometer railway is expected to have 16 stations, two more than the old route. The project will be implemented from January 2025 to June 2029.

Vietnam targets building over 3,000 kilometers of expressways by 2025. In the 2000-2021 period, the country opened 1,163 kilometers of expressways. Since 2021, Vietnam has built an additional 566 kilometers of expressways, bringing its total to 1,729 km. A further 1,756 kilometers are under construction.

Comments ( 0)
  • Read More
From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia

From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia

Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.

Travel - Thu, July 9, 2026 | 11:09 pm GMT+7

VietinBank seeks to divest entire stake in Hai Phong Port via public auction

VietinBank seeks to divest entire stake in Hai Phong Port via public auction

VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).

Companies - Thu, July 9, 2026 | 5:10 pm GMT+7

Starlink begins taking orders in Vietnam, first-year service costs $1,190

Starlink begins taking orders in Vietnam, first-year service costs $1,190

Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).

Companies - Thu, July 9, 2026 | 4:09 pm GMT+7

Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing

Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.

Companies - Thu, July 9, 2026 | 3:51 pm GMT+7

Idemitsu Kosan expands energy ecosystem in Vietnam

Idemitsu Kosan expands energy ecosystem in Vietnam

After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.

Industries - Thu, July 9, 2026 | 1:43 pm GMT+7

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Two banks to list on Ho Chi Minh City bourse, expand charter capital

Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.

Banking - Thu, July 9, 2026 | 11:51 am GMT+7

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong Q2 earnings, lower interest rates to bolster Vietnam stocks

Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.

Finance - Thu, July 9, 2026 | 8:00 am GMT+7

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Wistron raises construction, equipment investment in northern Vietnam province to $178 mln

Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.

Industries - Wed, July 8, 2026 | 7:56 pm GMT+7

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year

Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.

Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam raises airport number target to 36 by 2030 as aviation demand surges

Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.

Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam

Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.

Industries - Wed, July 8, 2026 | 4:25 pm GMT+7

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport

Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.

Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7

Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve

Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve

Vietnam's real estate M&A market continued to attract foreign capital in the first half of 2026 despite persistent global economic uncertainties, but foreign investors are increasingly targeting assets with clear legal status, stable cash flow, and strong operational performance, with data centers emerging as a key growth segment.

Real Estate - Wed, July 8, 2026 | 1:38 pm GMT+7

Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital

Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital

The Vietnam International Financial Center, located in the central city of Danang (VIFC Danang), plans to tokenize nearly $4 billion worth of infrastructure projects as part of a strategy to attract more global capital.

Economy - Wed, July 8, 2026 | 12:17 pm GMT+7

Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms

Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms

Rising memory chip prices driven by artificial intelligence are spreading from semiconductor manufacturers to consumer electronics brands such as Apple, Dell and ASUS, pushing up the prices of computers and smartphones.

Companies - Wed, July 8, 2026 | 8:00 am GMT+7

LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam

LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam

South Korea's LG Innotek will spend $1 billion to build a semiconductor package substrate manufacturing plant in Hai Phong city, with mass production scheduled to begin in the third quarter of 2028, according to local authorities.

Industries - Tue, July 7, 2026 | 11:13 pm GMT+7