Expressway linking two southern cities set to complete by end-2023
Construction of the My Thuan-Can Tho Expressway, a part of the North-South Expressway connecting Ho Chi Minh City and the southern city of Can Tho, is set to complete by end-2023.
The under-construction My Thuan-Can Tho Expressway in Vietnam's Mekong Delta. Photo courtesy of Labor newspaper.
The project has missed the Ministry of Transport’s deadline of completion by end-April, partly due to slow site clearances in some areas, some contractors missing the deadlines, and weak ground in some zones affecting construction.
The 23-kilometer expressway has an investment of VND4.83 trillion ($205.67 million), passing 12.53 kilometers through Vinh Long province and 10.44 kilometers through Dong Thap province, both in the Mekong Delta. Three sub-projects of the My Thuan-Can Tho project have been completed by between 58.75% and 62.92%.
It is set to link with the Trung Luong-My Thuan Expressway and the My Thuan 2 Bridge, fulfilling the connection between HCMC and Can Tho city. Kicked off in 2021, the project can cut the travelling time between the two major cities to about two hours.
Shortage of construction materials and little or no progress in site clearance have been hampering many road projects in the Mekong Delta.
For example, contractors of the 110-kilometer Can Tho-Ca Mau Expressway have been unable to continue the project due to a shortage of sand since March. The VND27.2 trillion ($1.16 billion) project, also a part of the North-South Expressway eastern section in 2021-2025 project, has been allocated 35,000 cubic meters of sand for its Can Tho-Hau Giang section, while its Hau Giang-Ca Mau section is yet to have sand. The total demand is 18 million cubic meters.
The project management board clarified it worked with relevant agencies and local authorities to fix the issues, but the progress related to exploitation of sand mines has been moving at a snail’s pace.
Dong Thap and An Giang provinces have planned to aid the project with a supply of 1.89 million and 1.1 million cubic meters of sand, respectively. However, the board said further exploitation from current mines can only fulfill 1.47 million cubic meters of sand, or 8% of the requirements.
Site clearance is also a concern. Hau Giang province has delivered 55 kilometers of land for the projects, but only 19 kilometers and 15 kilometers of those are approved for the construction of the Can Tho-Hau Giang and Hau Giang-Ca Mau sections, respectively.
For the section in Hau Giang province with 12,067 households under impact, 217 have yet to hand over their land, negatively affecting progress. The transport ministry has requested Hau Giang province to boost up these tasks.
For four expressway projects in the Mekong Delta in 2021-2025, namely Can Tho-Ca Mau, Chau Doc-Can Tho-Soc Trang, My An-Cao Lanh, and An Huu-Cao Lanh, the transport ministry had already pointed out the heavy demand for sand of 35.6 million cubic meters for the road embankment.
Meanwhile, the supply, particularly river sand from the region, is limited. The licensed exploitation from mines in Vinh Long, Dong Thap, and An Giang provinces is 5.6 million cubic meters a year, while only 1.9 million cubic meters are supplied to expressway projects yearly.
Overall, the demand for construction sand in the Mekong Delta is about 39 million cubic meters, exceeding the region’s supply of 26 million cubic meters.
The transport ministry is studying possible use of marine sand as an alternative to river sand and the result is expected at the end of this year.
- Read More
Savico chairman says major shareholders have no divestment plans
SavicoThe chairman of Vietnam's largest automotive distributor Savico said the company has withdrawn a planned share issuance to existing shareholders after its major shareholders indicated they had no intention of reducing their stakes.
Companies - Fri, June 5, 2026 | 8:13 pm GMT+7
Priced for crisis, primed for growth: Vietnam’s bifurcated stock market
The VN-Index is trading at a 13x forward P/E valuation versus 15% expected earnings growth in 2026, but over 70% of the market is trading at below a 10x P/E, a valuation which is consistent with past crisis conditions, writes Michael Kokalari, chief economist at VinaCapital.
Consulting - Fri, June 5, 2026 | 4:56 pm GMT+7
Retail sales surge as major chains post strong profit growth
Vietnam's retail sector posted stronger-than-expected growth in Q1/2026, supported by government stimulus measures, improving disposable incomes, and a continued shift toward modern retail channels.
Companies - Fri, June 5, 2026 | 3:50 pm GMT+7
Vietnam seeks transparent, internationally aligned framework for crypto asset market: Deputy PM
Vietnam aims to develop a transparent and secure crypto asset market in line with international standards, Deputy Prime Minister Nguyen Van Thang said during a meeting with Ben Zhou, co-founder and CEO of Bybit - a major global cryptocurrency exchange headquartered in Dubai.
Finance - Fri, June 5, 2026 | 1:26 pm GMT+7
Vietnam stocks await MSCI review, earnings season for fresh momentum in June
Vietnam's stock market may find support later this month from a potential market status upgrade-related review by MSCI and the upcoming half-year earnings season, after entering June on a cautious note amid weakening liquidity and persistent foreign selling.
Finance - Fri, June 5, 2026 | 11:54 am GMT+7
TikTok eyes expansion into logistics, digital finance in Vietnam
TikTok is seeking to expand its presence in Vietnam beyond social media and e-commerce, with plans to invest in logistics, digital finance and other digital economy infrastructure sectors as the country becomes an increasingly strategic market for the company.
Companies - Fri, June 5, 2026 | 8:40 am GMT+7
Petrolimex seeks to sell entire treasury stock holdings as shares remain 43% below peak
Petrolimex, Vietnam's largest fuel retailer by market share, plans to sell its entire treasury stock holdings to comply with public company regulations, while its PLX shares on the Ho Chi Minh Stock Exchange plunged 43% from the peak reached in March.
Companies - Thu, June 4, 2026 | 4:51 pm GMT+7
MB's digital business account opening solution wins award
BIZ MBBank, a corporate digital banking platform of Military Commercial Joint Stock Bank (MB), has been recognized at the Vietnam I4 Impact Awards 2026 for its digital business account opening solution, underscoring the lender's efforts to advance digital banking services for corporate customers.
Companies - Thu, June 4, 2026 | 3:42 pm GMT+7
Chinese electronics component manufacturer redirects capital to Vietnam project
Shenzhen Click Technology’s decision to channel funds into its Vietnam project underscores the country’s growing importance in the company’s global strategy.
Industries - Thu, June 4, 2026 | 2:33 pm GMT+7
Vietnam targets launch of central counterparty clearing mechanism in early 2027
Vietnam's securities regulator is aiming to launch a central counterparty clearing (CCP) mechanism in the first quarter of 2027, a key step in strengthening market infrastructure and meeting international criteria for a stock market status upgrade.
Finance - Thu, June 4, 2026 | 1:57 pm GMT+7
Becamex: From failed capital raisings to state divestment pressure
After multiple unsuccessful capital-raising attempts, Vietnam’s industrial real estate giant Becamex IDC (HoSE: BCM) is now facing a new challenge: reducing state ownership from 95.44% to 65% to meet the requirements for maintaining its status as a public company.
Companies - Thu, June 4, 2026 | 11:29 am GMT+7
Banks regain lead in Vietnam's private placement bond market in May
Vietnamese banks regained their position as the largest issuers in the private placement bond market in May, as lenders sought to diversify funding sources, strengthen capital buffers,and meet increasingly stringent regulatory requirements.
Banking - Thu, June 4, 2026 | 9:15 am GMT+7
From refreshment to experience: A consumer trend emerging this summer
As temperatures rise across Vietnam, demand for soft drinks typically surges. But beyond seeking refreshment and an energy boost, many consumers are developing a new habit after finishing their beverages: peeling back bottle labels, entering promotional codes and receiving results on their phones within seconds.
Companies - Thu, June 4, 2026 | 8:45 am GMT+7
TikTok Shop narrows gap with Shopee as Vietnam e-commerce becomes duopoly
Vietnam’s e-commerce market is rapidly evolving into a two-player battleground as TikTok Shop aggressively gains ground on Shopee, reshaping how consumers shop online and how brands allocate advertising and sales budgets.
Economy - Wed, June 3, 2026 | 4:51 pm GMT+7
Vietnam regulator confirms foreign ownership limits for PV Drilling, PVTrans
Vietnam’s securities regulator has confirmed foreign ownership limits for two major state-controlled oil and gas companies, leaving significant room for overseas investors to increase holdings in both firms.
Companies - Wed, June 3, 2026 | 4:34 pm GMT+7
Vietnam power firms post strong profits as heatwave drives electricity demand, but stocks lag
Vietnamese power producers reported sharply higher first-quarter profits as electricity demand surged amid prolonged heatwaves, although their shares have yet to reflect the sector's improving fundamentals.
Companies - Wed, June 3, 2026 | 3:35 pm GMT+7




















