Duc Long Gia Lai Group (DLGL) has submitted a proposal to the Prime Minister, outlining a Public-Private Partnership (PPP) investment plan for the construction of the North-South Western Expressway, specifically the Pleiku – Buon Ma Thuot – Gia Nghia section.
In their proposal, DLGL requests to be appointed as the lead investor responsible for preparing the project proposal and submitting it to the relevant authorities.
The company also urges the Prime Minister to designate one of the three provinces—Gia Lai, Dak Lak, or Lam Dong—as the state authority overseeing the project’s implementation. Additionally, they propose that the Ministry of Finance allocate public investment funds for the 2026–2030 period to support the project.
The proposed expressway spans approximately 257 km across three Central Highlands provinces: Gia Lai (57 km), Dak Lak (125 km), and Lam Dong (75 km). Phase 1 of the project will feature a four-lane highway with a road width of 24.75 meters and a design speed of 100 km/h.
The total investment is estimated at nearly VND 77 trillion, with the investor contributing 30% and the state budget covering 70%, given the challenging economic conditions and low capital recovery potential in the Central Highlands region.
The total investment for the North-South Western Expressway is projected at nearly VND 77 trillion.
In May 2024, the Ministry of Transport (now the Ministry of Construction) issued a document to the People’s Committees of Dak Lak and Gia Lai provinces, urging them to explore investment opportunities for the North-South Western Expressway within their regions.
According to the Prime Minister’s approved plan, the North-South Western Expressway will pass through Kon Tum, Gia Lai, Dak Lak, and Dak Nong provinces, comprising three main segments: Ngoc Hoi – Pleiku (90 km), Pleiku – Buon Ma Thuot (160 km), and Buon Ma Thuot – Gia Nghia (105 km). All segments are planned for six lanes and are expected to be developed by 2030.
The Ministry of Construction emphasizes the importance of promptly investing in the Ngoc Hoi – Pleiku, Pleiku – Buon Ma Thuot, and Buon Ma Thuot – Gia Nghia segments during the 2021–2030 period. This will ensure seamless connectivity with ongoing expressway projects such as Khanh Hoa – Buon Ma Thuot and Gia Nghia – Chon Thanh, fostering regional integration among the Central Highlands, the Central Coast, and the Southeast.
Duc Long Gia Lai is a diversified enterprise operating in real estate, wood processing, energy, and electronic components. The period from 2016 to 2018 marked its golden era, with annual revenues ranging between VND 2 trillion and VND 3 trillion.
However, since 2020, the company’s financial performance has declined due to substantial debt eroding profits. Auditors have repeatedly questioned DLGL’s ability to continue operations, and its stocks have been placed under warning by HoSE.
Notably, DLGL’s proposal for the North-South Western Expressway comes amid significant financial challenges, including accumulated losses exceeding VND 2.4 trillion and total liabilities surpassing VND 3.7 trillion as of June 30, 2025.
These factors have prompted auditors to raise concerns about DLGL’s operational sustainability.
DLGL’s leadership has outlined several measures to address these issues, including corporate restructuring, debt renegotiation with banks and creditors, and expanding investments to secure partnerships and improve financial health.
Additionally, DLGL faces substantial risks from its financial lending activities. The company has lent over VND 2 trillion but has had to set aside VND 929 billion in provisions. The largest loan, nearly VND 800 billion, was extended to DLGL Forestry and Industrial Crops JSC, with provisions alone totaling VND 711 billion.
These challenges have led auditors to question DLGL’s ability to sustain operations.
DLGL’s management has announced plans to implement various strategies, such as corporate restructuring, debt renegotiation with banks and creditors, and seeking new investment opportunities to enhance its financial position in the coming years.
Furthermore, DLGL’s financial lending activities pose significant risks. The company has provided loans exceeding VND 2 trillion but has provisioned VND 929 billion for potential losses. The largest loan, nearly VND 800 billion, was granted to DLGL Forestry and Industrial Crops JSC, with provisions amounting to VND 711 billion.
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