Chairman of Deo Ca Group Personally Visits South Korea for the $13 Billion ‘Mega Project,’ Determined to Realize the ‘Red River Miracle’ for Vietnam

On June 13th, the Hanoi People’s Committee issued Document No. 8843/VP-ĐT, approving the Deo Ca Group – Van Phu Invest consortium to study and propose the Red River Avenue – Landscape project under a public-private partnership (PPP) model, specifically a Build-Transfer (BT) contract.

The project’s estimated total investment is 300 trillion VND (excluding land clearance costs). It includes multiple components such as a riverside avenue for motor vehicles, an urban railway system for public transportation, and extensive green spaces along the Red River.

According to Deo Ca Group, the project requires significant domestic and international resource mobilization to commence construction by January 2026 and complete before 2030, as mandated by the Hanoi People’s Committee. To achieve this, the Group organized a delegation to Seoul to learn from South Korea’s “Miracle on the Han River,” aiming to replicate this success as the “Miracle on the Red River” in Vietnam, aligning with the vision of the Party and State leadership.

During an inspection along the Han River in Seoul on September 26th, Mr. Ho Minh Hoang noted several well-designed elevated sections suitable for reference. Notably, solutions to lower the elevation of these structures help preserve the riverbanks’ scenery while ensuring clearance with existing bridges on both sides.

Additionally, the delegation observed dense pillar placement along certain elevated sections of the Han River, with over 30 bridges and substantial concrete structures.

In response, Deo Ca Group leaders engaged with South Korean experts to explore optimal solutions. Experts explained that the Han River Avenue project, renovated 18 years ago (2007), was limited by then-current technical standards, preventing the use of advanced methods like TBM (Tunnel Boring Machine) tunneling to minimize environmental impact.

This insight guides Deo Ca Group in seeking innovative tunneling solutions to preserve the Red River’s natural landscape in Hanoi and reduce environmental effects in the capital region.

During discussions on sustainable urban transportation, Seoul’s authorities shared lessons from the Han River Avenue’s operation, emphasizing the expansion of riverside bus systems and the potential for monorail development—aligning with Deo Ca Group’s proposal for the Red River project. These measures aim to enhance public transport capacity, reduce private vehicle use, and alleviate inner-city congestion.

The Group also consulted South Korean experts on flood management scenarios (flow rates exceeding 3,000 m³/s), wastewater treatment before river discharge, and vegetation maintenance plans.

Following these discussions, Deo Ca Group requested Seoul’s Mayor to facilitate connections with experienced South Korean firms in riverside urban development. They also proposed reporting to both countries’ embassies and governments to expand cooperation in investment, construction, training, and technology transfer.