Mekong Delta province Long An plans $3 bln urban complex project
The Department of Planning and Investment (DPI) in the Mekong Delta province of Long An has called for investment in a VND74 trillion ($3 billion) new urban area project in Duc Hoa district.
The super new urban area is expected to cover about 930.8 hectares in Tan My commune, with a population of nearly 81,000.
Once completed, the project will provide more than 13,000 townhouses and villas, more than 7,000 social housing units, nearly 7,300 apartments, and nearly 400 low-rise houses for resettlement.
The central area of Duc Hoa district, Long An province, southern Vietnam. Photo courtesy of Viet Times magazine.
According to the DPI, to be developed under a new, smart and ecological urban model, the project’s goal is to concretize the socio-economic development goals of Long An province and Duc Hoa district and form a large-scale new urban development area with signature works to create major changes in architectural space and landscape.
It will help promote socio-economic development in the northern region of Long An province and the northwest region of Ho Chi Minh City, as well as create a comfortable, modern and nature-friendly urban area that can compete with other localities in the region and the country in terms of leisure, trade and service value.
The 50-year project is scheduled to be implemented over seven years from the date of investor approval.
The plan for the project was approved by the provincial People's Committee in early July 2022. Accordingly, it will be divided into three functional subdivisions.
The southern gateway urban area (Zone A) will span 111.37 hectares in the southern gateway area of the Mekong Delta region, bordering Provincial Road 825. It is set to become a high-density urban area, with modern public and service complexes and themed park clusters as the core for housing areas.
The central urban - ecological urban area (Zone B) is located in the central area of the Tan My new urban area, from the eastern boundary to the banks of Chinh Duc Hoa canal with an area of about 641.22 hectares.
The southeast new urban area (Zone C) will cover 178.31 hectares.
- Related News
- Read More
Vietnam’s benchmark VN-Index likely to reach 1,500 points on new US tariff: broker
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), may reach 1,500 points in the coming time as the tariff agreement reached with the U.S. is expected to boost investor sentiment, according to Maybank Securities Vietnam (MSVN).
Finance - Fri, July 4, 2025 | 8:38 am GMT+7
Chinese materials major Kingfa on track to complete $80 mln plant in southern Vietnam
Kingfa, China’s leading advanced materials company, on Wednesday held a topping-out ceremony for its $80 million plant in Dong Nai province, a key industrial hub in southern Vietnam.
Industries - Fri, July 4, 2025 | 8:23 am GMT+7
Vietnam's construction giant Coteccons plans $53 mln bond issue
Vietnamese construction giant Coteccons (HoSE: CTD) plans to issue bonds worth up to VND1.4 trillion ($53.45 million) to the public this year as part of its 2025 capital mobilization plan, according to a company release.
Companies - Thu, July 3, 2025 | 8:12 pm GMT+7
Over $534 mln needed for central Vietnam city’s seaport infrastructure
Hue city in central Vietnam needs about VND14.05 trillion ($534.24 million) in investment for its seaport system during the 2021-2030 span, with approximately VND12.79 trillion ($488.05 million) for wharves.
Infrastructure - Thu, July 3, 2025 | 4:24 pm GMT+7
Ca Na LNG-fueled power project in central Vietnam extends bidding deadline
The bidding deadline for the Ca Na LNG-to-power project in south-central Vietnam's Khanh Hoa province has been extended to 2 p.m. on July 19, 2025.
Energy - Thu, July 3, 2025 | 4:06 pm GMT+7
USD price in Vietnam hits new peak as US, Vietnam reach agreement on trade deal framework
Vietnamese banks on Thursday raised the USD price to the central bank-regulated ceiling of VND26,345, 3.1% higher than at the beginning of the year.
Banking - Thu, July 3, 2025 | 3:47 pm GMT+7
Vietnam inaugurates first paper-based food packaging line
The first paper-based food packaging line in Vietnam applying Tetra Recart® technology was officially inaugurated in Son La province on Wednesday by Vietnam’s leading supplier of processed food, Dong Giao Foodstuff Export JSC (Doveco), and Sweden's Tetra Pak Group.
Companies - Thu, July 3, 2025 | 2:29 pm GMT+7
Toyota nears one-millionth vehicle sold in Vietnam
Toyota Motor Vietnam (TMV) delivered over 29,000 vehicles to Vietnamese customers in the first half of 2025, a 31% increase year-on-year, according to a company release on Wednesday.
Companies - Thu, July 3, 2025 | 2:24 pm GMT+7
Vietnam’s Personal Income Tax Law overhaul expected in October
Vietnam’s Ministry of Finance is finalizing draft revisions to the Personal Income Tax (PIT) Law, for parliament approval at its session in October.
Economy - Thu, July 3, 2025 | 1:44 pm GMT+7
Apple supplier Luxshare-ICT seeks recruitment support in central Vietnam
China’s Luxshare-ICT, a supplier to Apple, has asked authorities in Nghe An province for support in tackling labor recruitment challenges.
Companies - Thu, July 3, 2025 | 12:44 pm GMT+7
US agreement on 20% tariff for goods imported from Vietnam 'a success': expert
Reaching agreement with the U.S. on 20% tariff for goods imported from Vietnam and even 40% for transshipping is a success for the Southeast Asian country, said Ho Quoc Tuan, a senior lecturer of accounting & finance at University of Bristol, the UK.
Economy - Thu, July 3, 2025 | 9:55 am GMT+7
Malaysia diversifies trade partners to stay economically resilient
Malaysia’s economy remains resilient thanks to its long-term and comprehensive economic strategy, despite geopolitical tensions in the Middle East that have raised concerns about the possible closure of the Strait of Hormuz and disruption to global energy supplies, according to the Ministry of Trade, Investment and Industry (MITI).
Southeast Asia - Thu, July 3, 2025 | 8:44 am GMT+7
Vietnam Airlines launches first direct air link between Vietnam and Italy
National-flag carrier Vietnam Airlines officially launched its first direct flight connecting Hanoi and Milan on Tuesday, establishing direct air link between Vietnam and Italy for the first time.
Travel - Thu, July 3, 2025 | 8:28 am GMT+7
Makara Capital Partners wants to mobilize $5-7 bln for investments in Vietnam: exec
Singapore's Makara Capital Partners is eyeing investment opportunities in Vietnam, including those in the biological and pharmaceutical industries and the International Financial Center project.
Economy - Thu, July 3, 2025 | 12:52 am GMT+7
Vietnam, US reach agreement on landmark trade deal framework
Vietnam's Party chief To Lam and U.S. President Donald Trump on Wednesday stated that they welcome the agreement reached by the two countries' negotiating teams on the Joint Vietnam-United States Statement on a Fair, Balanced, and Reciprocal Trade Agreement Framework.
Economy - Wed, July 2, 2025 | 11:28 pm GMT+7
Vietnam's ACV expects 17% profit drop, plans $1.52 bln investment in Long Thanh airport this year
State-owned Airports Corporation of Vietnam (ACV), which operates 22 airports nationwide, expects its 2025 pre-tax profit to decline 17% year-on-year to VND10.53 trillion ($402.56 million) due to foreign exchange losses.
Companies - Wed, July 2, 2025 | 4:08 pm GMT+7
