On September 30th, the Vietnam Development Bank (VDB) – Dak Lak Branch, along with Hai Son Corporation and Truong Hai Corporation (THACO), signed a credit agreement to finance the Dau Giay – Tan Phu Expressway project. Additionally, the bank entered into a strategic cooperation agreement to provide credit funding for projects undertaken by both corporations during the 2025-2030 period.
The Dau Giay – Tan Phu Expressway, part of the North-South Eastern Expressway planning, spans over 60 kilometers with a total investment of VND 8,400 billion. VDB Dak Lak Branch will provide a maximum loan of up to VND 4,975 billion.
Upon completion, the expressway will significantly reduce traffic congestion on National Highway 20, shortening travel time between Ho Chi Minh City, Dong Nai, Lam Dong, and the Central Highlands. This will foster socio-economic development, trade, and tourism across the region.
The expressway stretches over 60 kilometers, starting at the Dau Giay intersection in Dau Giay commune and ending in Phu Lam commune, Dong Nai province.
Furthermore, VDB signed a Strategic Cooperation Agreement with Hai Son Corporation and Truong Hai Corporation. Under this agreement, VDB plans to provide a total credit facility of up to VND 100,000 billion from 2025 to 2030, supporting both corporations in implementing key transportation infrastructure projects nationwide.
Representatives from Hai Son Corporation and Truong Hai Corporation emphasized that this partnership will enhance their financial capabilities, ensure project timelines, and improve construction quality.
Previously, on August 19th, Dai Quang Minh Real Estate Investment JSC (under THACO) and Hai Son Corporation commenced the first phase of the Dau Giay – Tan Phu Expressway under a PPP model. The 60-kilometer project connects Dau Giay intersection in Dau Giay commune, Dong Nai, to Phu Lam commune in Tan Phu, Dong Nai.
According to the investor, the project is implemented through a PPP (Public-Private Partnership) model under a BOT (Build-Operate-Transfer) contract. It is designed to Class 100 highway standards with a design speed of 100 km/h and a 4-lane configuration.
In the first phase, the project will feature a 17-meter-wide road foundation. Sections addressing weak soil, excavation, elevated embankments, interchange ramps, emergency stops, and bridges will be constructed to the full-scale standard with a 25-meter-wide foundation. Construction is expected to take 24 months.
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