Danang Reporter stated that the city’s administration recently met with Deo Ca Group Joint Stock Company regarding their proposal to invest in the Danang – Hoi An urban railway project. The project aims to develop urban transportation-oriented transit (TOD) through a public-private partnership (PPP). The city also heard reports from the Management Board of Priority Infrastructure Investment Projects on the plan to implement a high-speed railway system in the area.
According to the report, Deo Ca Group and its partners have carefully studied and selected the MRT and Monorail options, which are considered suitable for the region’s geography, infrastructure, and investment capacity. With the well-prepared technical proposals, the project is expected to be completed by 2030, paving the way for future expansions to Tam Ky and Chu Lai.
Le Quynh Mai – Vice Chairman of Deo Ca Group’s Board of Directors
Le Quynh Mai, Vice Chairman of Deo Ca Group’s Board of Directors, stated that the group, along with domestic and foreign partners, has completed the preliminary investment plan for the Danang – Hoi An LRT line and is ready to commence investment preparations upon approval.
According to Deo Ca’s representative, the project will involve a consortium of investors, including KITA Group and FUTA Group. VPBank and TPBank have committed to providing credit for the project. The group has also been in talks with potential project consultants such as China Design Group and CRRC Chongqing.
Known as the “king of tunnels” in Vietnam, Deo Ca Group currently holds an 80% market share in the tunnel industry, with over 55 km of tunnel construction experience and operation of 11 road tunnels totaling 32.5 km in length. The group has also recently proposed investments in several urban metro railway projects.
In July 2025, a consortium led by Deo Ca Group, including Fecon (FCN), PowerChina, and Sucgi (China), expressed interest in investing in Ho Chi Minh City’s Metro Line 2 (Ben Thanh – Tham Luong). With a total length of over 11 km and an investment of VND 48,000 billion, the consortium proposed to take on the role of EPC contractor to expedite project progress and help Vietnamese enterprises gradually master construction technology, reducing dependence on foreign contractors.
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