According to Deo Ca Group JSC, on December 8th, the investor consortium and the Ministry of Construction officially signed the contract to implement the project for expanding the Ho Chi Minh City – Trung Luong – My Thuan Expressway under the Public-Private Partnership (PPP) model.
Largest privately funded BOT transport project in Vietnam’s history
At the signing ceremony, Mr. Ho Minh Hoang, Chairman of Deo Ca Group’s Board of Directors, emphasized that this strategic project will complete the vital transportation axis of the Southern Key Economic Region, serving the economic activities of 21 million people in the Mekong Delta.
Mr. Ho Minh Hoang revealed that with a total investment of VND 36,172 billion, the project will be implemented under the Build-Operate-Transfer (BOT) model, with 100% of the capital raised from private sources. He stressed that this is the largest privately funded BOT transport project in Vietnam to date.
According to the Chairman of Deo Ca Group, Vietnamese enterprises taking the lead in mobilizing resources for such significant projects demonstrates the spirit of Resolution 68/NQ-TW, which aims to empower the private sector to contribute robustly to national development.
Overview of the contract signing ceremony for the Ho Chi Minh City – Trung Luong – My Thuan Expressway expansion project under the PPP model (Photo: Deo Ca)
Mr. Bui Quang Thai, Director of the Vietnam Road Administration, stated that the project is one of the first to apply the new regulations of the Law on Public-Private Partnership Investment and Decree No. 243/2025/ND-CP, reducing preparation time to approximately 10 months.
According to the Road Administration’s leadership, amidst limited state budget resources, the contract signing and completion of procedures for the project’s groundbreaking on December 19th are crucial. This concretizes the Party and State’s policy of attracting private investment in infrastructure development, especially as the project relies entirely on investor-raised capital.
At the ceremony, Deputy Minister of Construction Bui Xuan Dung urged the project enterprise to mobilize sufficient resources, comply with legal regulations, ensure quality, progress, and environmental protection. He also directed the Vietnam Road Administration to enhance supervision and promptly address arising challenges.
VND 36,172 billion expansion project spans Ho Chi Minh City, Tay Ninh, and Dong Thap
The Ho Chi Minh City – Trung Luong – My Thuan Expressway is a vital artery connecting Ho Chi Minh City with the Mekong Delta. Operational since 2010-2022 with an initial capacity of 4 lanes, the route quickly became a critical gateway, handling significant traffic between Ho Chi Minh City and the southwestern provinces.
However, facing increasing congestion, with thousands of vehicles daily, the route is often overloaded, causing traffic jams and failing to meet regional transport demands.
Project rendering (Photo: Deo Ca)
The expansion project, with a total investment of VND 36,172 billion, spans 96.13 km across Ho Chi Minh City, Tay Ninh, and Dong Thap. The investors include a consortium of Deo Ca Group JSC, Ho Chi Minh City Technical Infrastructure Investment JSC, Tasco JSC, Hoang Long Construction and Investment Corporation JSC, and CII Service and Investment One Member LLC.
The project also includes the development of a synchronized intelligent traffic management system to meet expressway operation requirements and ensure seamless connectivity with adjacent routes. The expanded expressway features 2 rest stops and 10 interchanges, with 8 existing interchanges upgraded and 2 new ones added.
According to Deo Ca Group, expanding the expressway is an urgent necessity, not only to reduce traffic congestion and ensure safety but also to enhance the transportation network in the Southern Key Economic Region.
Additionally, the project will progressively complete the Mekong Delta’s expressway network, boost regional logistics, and reduce travel time from Ho Chi Minh City to My Thuan to approximately 1 hour 45 minutes, down from the current 3 hours.
Accelerating the Metro Link Between Tan Son Nhat and Long Thanh
Metro Line 2 (Bến Thành – Tham Lương) is slated to break ground before January 19, 2026. Concurrently, the segments connecting Bến Thành – Thủ Thiêm and Thủ Thiêm – Long Thành are in the investment preparation phase. All three lines are projected to be operational before 2030, establishing a high-capacity, modern transit axis linking Tan Son Nhat and Long Thanh International Airports.
“Speeding Ahead: Sơn Hải Group to Launch 66km ‘Most Beautiful Forest-Crossing’ Highway in Just 10 Days, a Game-Changer for Lâm Đồng and Đồng Nai”
The highly anticipated Tan Phu – Bao Loc Expressway, a project spearheaded by Son Hai Corporation, is set to break ground on December 19th.
Breaking News: Vietnam’s Largest Urban Development Project Set to Begin in Just 10 Days – 10,000-Hectare Mega City Near North-South High-Speed Railway
Prime Minister Pham Minh Chinh has urged Hanoi to accelerate efforts to commence construction on the Olympic Sports City by December 19, 2025. This ambitious project aims to set the stage, build momentum, and inspire a new era of development and progress.
Government Proposes Facilitating Private Investment in North-South High-Speed Railway Project
The government emphasizes the necessity of continually reviewing and enhancing mechanisms and policies when opting for non-budgetary investment models for the North-South high-speed railway project.
Vĩnh Long Launches Construction of VND 2.8 Trillion Đình Khao Bridge on December 19th
Vĩnh Long officially commenced construction on the Đình Khao Bridge and several other key projects on December 19th, in celebration of the upcoming 14th National Party Congress.
