Thaigroup has withdrawn its proposal to participate in the research and investment of the Thu Thiem 4 Bridge, Can Gio Bridge, and Phu My 2 Bridge projects, as reported by Tuoi Tre Newspaper. The company aims to explore more suitable investment options.
In July, Thaigroup, led by Mr. Nguyen Duc Thuy (Bầu Thụy), initially proposed investing in these three projects. Subsequently, the Ho Chi Minh City Department of Finance sought input from relevant departments and provided feedback on Thaigroup’s proposal.
The Department acknowledged and appreciated the company’s interest in researching and investing in these critical bridge projects. These large-scale initiatives, once completed, will significantly contribute to socio-economic development and establish a new transportation link between Ho Chi Minh City and Dong Nai Province (specifically for the Phu My 2 Bridge).
Rendering of Can Gio Bridge.
Currently, the Can Gio Bridge and Thu Thiem 4 Bridge projects have been assigned to the Department of Construction for preparation, feasibility studies, and related procedures.
For the Phu My 2 Bridge, leaders from Ho Chi Minh City and Dong Nai Province have agreed to explore investment under a public-private partnership (PPP) model. The city has tasked the Department of Finance with collaborating on the preliminary feasibility report and investment proposal.
According to regulations, PPP projects proposed by investors must not overlap with those already under feasibility study or approved for other investors.
The Department of Finance advises that if Thaigroup remains interested in these projects, it can register during the city’s investor interest survey process, as per regulations.
Previously, Trungnam Group and Masterise Group expressed interest in the Can Gio Bridge project under the BT (Build-Transfer) model. For the Thu Thiem 4 Bridge, CII and Trungnam Group submitted proposals, while Masterise Group showed interest in the Phu My 2 Bridge.
Dương Dương
Ho Chi Minh City Attracts $4.4 Billion in Industrial Park Investments
Ho Chi Minh City, alongside Binh Duong and Ba Ria-Vung Tau, has successfully attracted $4.4 billion in industrial park investment during the first nine months of 2025, surpassing the annual target by 117%.
The Grand Vision: Vietnam’s 108-Story Tower to Rank Among the World’s Top 10 Tallest Structures
Rising 108 stories above the vibrant landscape of Can Gio, Vinhomes Green Paradise’s iconic tower stands as a new symbol of Vietnam’s ambition. More than just a landmark, it will serve as the region’s financial epicenter, pulsating with economic vitality.
Sunshine Group’s Ambition in Thu Thiem: From a 3,790-Unit Resettlement Fund to the 20 Trillion VND Eco Smart City Mega Project
From a 3,790-unit resettlement housing fund to a VND 20 trillion mixed-use project, the Sunshine Group – DIA joint venture is making waves with a series of proposals for Thu Thiem New Urban Area (Ho Chi Minh City). This comes as numerous projects in the area face prolonged delays.
Ho Chi Minh City – Moc Bai Expressway: HCMC Chairman Urges Timely Completion for Traffic Opening
Surveying the Ring Road 3 project and the HCMC – Moc Bai Expressway, the Chairman of the HCMC People’s Committee has mandated that compensation plans must be finalized by October and November 2025.
Trương Mỹ Lan Case: Nearly VND 9,000 Billion Spent, Bondholders Still Anxious
Despite receiving nearly 30% of their compensation across four installments, tens of thousands of creditors in the Truong My Lan case remain anxious and eagerly await full payment.
