Transport infrastructure upgrade a breakthrough for Binh Dinh province in 2025

Binh Dinh province has recently emerged as a center of the central Vietnam property market, thanks to its outstanding potential. Significant investments in infrastructure, coupled with the growth of its key economic sector - tourism, have acted as a catalyst propelling the locality’s real estate market.

Transport infrastructure: A key to Binh Dinh’s economic and tourism growth

Central Vietnam, like a lever connecting the North and South, is considered a vital artery of the national transportation network. The ongoing investment in infrastructure has gradually removed transport barriers in the region, creating favorable conditions for the development of various economic sectors, particularly real estate.

Recognizing that transport infrastructure is a "key" to development and attracting investment, most of the major transport projects in Binh Dinh have been completed and become operational.

These include western provincial roads, extended economic zone access roads, coastal roads, and the expansion of roads around national historical and cultural sites. Notably, two major projects underway in 2025 are the expansion of a road leading to Phu Cat Airport and the Quy Nhon-Pleiku Expressway.

Binh Dinh invests $125.3 mln in upgrading Phu Cat Airport

In an effort to enhance transportation connectivity, attract investment, and boost economic development, the provincial People's Committee has decided to invest over VND3.2 trillion ($125.3 million) in upgrading and expanding Phu Cat Airport.

Scheduled to kick off in August 2025, the project will include the construction of a second runway, the expansion of the airfield system, and other supporting facilities.

According to Chairman of the provincial People's Committee Pham Anh Tuan, the provincial Transport Project Management Unit (PMU) has been tasked with urgently completing necessary procedures to ensure the project begins on time.

Construction will commence immediately following the groundbreaking ceremony, with the goal of putting the first phase into operation within 10 months.

The airport upgrade project is one of the key infrastructure initiatives in Binh Dinh, which will help enhance the province’s socio-economic standing while increasing its investment appeal.

With a focus on mobilizing resources, the project will be implemented in the 2025-2028 period, ensuring progress and maximum operational efficiency. It is expected to make Phu Cat Airport a key transportation hub in the central region.

Quy Nhon-Pleiku Expressway: A new link for regional economic growth

The Quy Nhon-Pleiku Expressway project is a major breakthrough that will connect the Central Highlands with the south-central region. Upon completion, this expressway will not only reduce travel time between Gia Lai province and Binh Dinh but also open up numerous opportunities for real estate, tourism, and trade.

The 123-kilometer expressway, designed for a speed of 100 km/h, is expected to ease pressure on National Highway 19 while enhancing the transportation of goods. To expedite the project, the government has agreed to switch the investment model from public-private partnership (PPP) to public investment.

The Ministry of Transport has been assigned to collaborate with the People's Committees of the two provinces to prepare a pre-feasibility study report, which is to be submitted for approval in May 2025.

The project is set to begin before August 2025 and be completed between 2026 and 2030, with an estmated total investment of VND36.6 trillion ($1.43 billion). Once completed, the expressway will significantly boost socio-economic development and trade between the Central Highlands and the south-central region.

Real estate benefits from growth potential

Compared to other provinces with a long history of real estate development, Binh Dinh is still relatively young, offering great growth potential.

The province has attracted just only 60 new investment projects. In the coming years, the province plans to implement several measures such as creating a transparent and investor-friendly environment; accelerating administrative reforms; improving infrastructure, transportation, and logistics systems to facilitate production and business; and enhancing the training of high-quality human resources.

These efforts will contribute to creating a more favorable investment climate, attracting large investment projects to Binh Dinh, and driving the province’s socio-economic development. Additionally, these initiatives will help transform the locality, making it more dynamic and modern.

Furthermore, Binh Dinh is set to become a leading development hub in the south-central and central coastal regions, as outlined in the approved provincial Master Plan for 2021-2030, with a vision until 2050. The province will be a major center for marine economic development and an international and national tourism hotspot.

As a result, the local real estate market is showing signs of growth, bolstered by its strategic location for trade and tourism advantages.

Alongside the trend of international investment shifts and the growing interest from individual investors from both the North and the South, Binh Dinh is well-positioned to become a new focal point for medium- and long-term investments.

As a result, it has become an attractive destination for real estate investors. Many developers have decided to invest in large-scale projects worth trillions of VND (VND1 trillion = $39.14 million).

Binh Dinh is expected to experience a positive transformation in the development of riverside urban areas, based on its existing tourism city status. The factors mentioned above, along with its natural landscapes, tropical climate, and rich cultural heritage, present significant opportunities for the real estate market in the central region in general and Binh Dinh in particular to recover and grow.