Expressway to connect HCMC with southeastern region, Central Highlands
An expressway linking Ho Chi Minh City with Binh Phuoc province in the southeastern region and then Dak Nong province in the Central Highlands is of strategic importance, helping the two latter localities escape poverty and prosper, said Prime Minister Pham Minh Chinh.
PM Pham Minh Chinh speaks at the groundbreaking ceremony of the Ho Chi Minh City-Thu Dau Mot-Chon Thanh Expressway’s session passing through Binh Duong province on February 1, 2025. Photo courtesy of the government's news portal.
Speaking at the groundbreaking ceremony of the HCMC-Thu Dau Mot-Chon Thanh Expressway’s session passing through Binh Duong province on Saturday, the PM instructed HCMC to soon start construction of a 3 km section of the expressway and Binh Phuoc province to build 7 km.
“Once these sections are completed, together with that in Binh Duong province, the entire expressway will facilitate smooth connections between the Central Highlands and the southeastern region,” he stressed.
In the first quarter of 2025, the Ministry of Transport, the Ministry of Planning and Investment and related localities must complete all procedures to start construction of the expressway from Chon Thanh (Binh Phuoc) to Gia Nghia (Dak Nong) by April 30, 2025, he ordered.
The Prime Minister directed Binh Duong to complete its section by September 2, 2026, earlier than the original 2027 schedule.
The HCMC-Thu Dau Mot-Chon Thanh Expressway, from HCMC’s Ring Road 3 to Binh Phuoc’s Chon Thanh town, is 59.2 km long. This is the first expressway connecting HCMC with Binh Duong and Binh Phuoc provinces, and then with Gia Nghia-Chon Thanh Expressway to link to the Central Highlands region.
The section in Binh Duong is more than 52 km long. It is designed with six lanes, enabling vehicles with maximum speed of 100 km per hour.
In the first phase, it will have four lanes with total investment of more than VND17.4 trillion ($693.8 million). Construction, under the public-private partnership (PPP) form, is scheduled to complete within 36 months.
The consortium of investors includes Becamex Industrial Development Corporation (Becamex IDC), Becamex Infrastructure Development JSC (Becamex IJC), Becamex Binh Phuoc Infrastructure Development JSC (BCMC), and Deo Ca Group JSC.
On the occasion of the groundbreaking ceremony, Binh Duong province handed over investment decisions to seven social housing projects. The projects, at total cost of nearly VND8.5 trillion ($338.92 million), are expected to provide 9,200 apartments to workers and low income earners.
Binh Duong also granted investment registration certificates or expansion permits to eight foreign-invested projects, with total investment of over $1.2 billion.
- Related News
- Read More
Vingroup stocks pull VN-Index up for sixth consecutive session
VN-Index, which represents the Ho Chi Minh Stock Exchange, on Friday increased for the sixth consecutive session thanks to large-cap stocks, with foreign investors continuing to strongly net buy.
Finance - Fri, July 11, 2025 | 7:20 pm GMT+7
Coca-Cola inaugurates largest-scale Vietnam factory in Tay Ninh province
Coca-Cola Beverages Vietnam on Friday inaugurated a $136 million factory in Tay Ninh province, the largest-scale among its four facilities in Vietnam.
Industries - Fri, July 11, 2025 | 5:27 pm GMT+7
Vietnam halts use of German ODA loans for HCMC metro line
The Government has approved a proposal by Ho Chi Minh City to stop borrowing official development assistance (ODA) loans from Germany’s KfW development bank for Metro Line No. 2 and instead use domestic funds to avoid further delays.
Economy - Fri, July 11, 2025 | 3:25 pm GMT+7
Seventeen housing projects foreigners allowed to buy in HCMC
Ho Chi Minh City has announced a list of 17 residential projects located in areas where foreign organizations and individuals are allowed to own houses.
Real Estate - Fri, July 11, 2025 | 3:17 pm GMT+7
Auto enterprises to enjoy preferential import tariff policies
The Government has issued a decree amending and supplementing Decree No. 26/2023/ND-CP on the export and preferential import tariff schedules, as well as the lists of goods subject to absolute tax, mixed tax, and out-of-quota import duties.
Companies - Fri, July 11, 2025 | 2:13 pm GMT+7
Korean chaebol Samsung’s revenue makes up 13% of Vietnam’s GDP in 2024
Samsung’s revenue and export in Vietnam accounted for approximately 13.12% of the country’s GDP and 13.4% of its total export turnover in 2024, respectively, according to the National Statistics Office.
Companies - Fri, July 11, 2025 | 2:09 pm GMT+7
JPMorgan upgrades Vietnam stocks to overweight following US tariff deal
JPMorgan Chase has upgraded Vietnam stocks to overweight after the country became the first Southeast Asian nation to reach a preliminary tariff deal with the U.S.
Economy - Fri, July 11, 2025 | 11:38 am GMT+7
Vietnam government bond issuance surges nearly 70% in June
The Hanoi Stock Exchange (HNX) held 16 government bond auctions in June, raising nearly VND30.5 trillion ($1.2 billion), up 68.8% from May.
Finance - Fri, July 11, 2025 | 9:30 am GMT+7
Xuan Truong Company asked to make feasibility study for airport proposal in northern Vietnam
The Ministry of Construction has asked Ninh Binh authorities to prepare a feasibility study on the potential development of an international airport in the province, the ministry said in a report submitted to the Government regarding a proposal from private construction company Xuan Truong.
Companies - Fri, July 11, 2025 | 9:18 am GMT+7
Vietnam-US tariff agreement: A strategic turning point toward deeper integration
The tariff agreement between Vietnam and the U.S. marks not only a trade or diplomatic breakthrough but also reflects a long-term strategic vision, bold foreign policy, and Vietnam’s commitment to deep global integration, writes Nguyen Tuan Viet, an export promotion expert and CEO of Vietgo.
Opinion - Fri, July 11, 2025 | 9:00 am GMT+7
Apple supplier Luxshare enjoys 0% corporate income tax in central Vietnam province
China’s Luxshare-ICT, a key supplier to Apple, reported that its subsidiaries in Vietnam’s central province of Nghe An enjoyed a 0% corporate income tax last year.
Companies - Fri, July 11, 2025 | 8:00 am GMT+7
Intel’s 20 years in Vietnam: $1.5 bln invested, 4 bln chips produced
U.S. chip maker Intel has invested over $1.5 billion in its nearly 20 years in Vietnam and exported more than 4 billion products, contributing over $100 billion to Vietnam’s export revenue.
Industries - Thu, July 10, 2025 | 10:05 pm GMT+7
HCMC’s new master plan should prioritize breakthrough growth in finance, high technology, logistics: expert
Ho Chi Minh City should promote university-oriented urban models and innovation ecosystems built on the “quadruple helix” framework - collaboration among the government, universities, businesses, and the community.
Economy - Thu, July 10, 2025 | 9:42 pm GMT+7
UAE tech firm G42, Vietnamese partners plan $2 bln hyperscale data center in southern Vietnam hub
The United Arab Emirates's (UAE) state-backed firm G42 plans to partner with Vietnamese companies to develop a $2 billion hyperscale data center in Vietnam's southern hub Ho Chi Minh City.
Industries - Thu, July 10, 2025 | 4:22 pm GMT+7
Petrovietnam rakes in $19.5 bln in H1 revenue
State-owned Petrovietnam reported total revenue of VND510 trillion ($19.5 billion) in the first half of this year, driven by strong production performance.
Companies - Thu, July 10, 2025 | 4:03 pm GMT+7
Sustained momentum seen across all Vietnam's real estate sectors: Knight Frank
Ho Chi Minh City and Hanoi saw solid office leasing and apartment market rebounds after the Lunar New Year holiday (Tet). Industrial land surged with record H1 supply and strong absorption, underscoring Vietnam's appeal, while eased visa policies and new direct international flights continue to support 5‑star hotels in both the cities, write Knight Frank analysts.
Real Estate - Thu, July 10, 2025 | 2:37 pm GMT+7
