Here are the five largest construction projects initiated in Vietnam during Q1 2022, according to GlobalData’s construction projects database.
1. Hai Lang LNG Gas Power Center 4500 MW – $5,300m
The project includes the construction of a 4,500MW LNG thermal power plant on 120ha of land in Hai Lang district, Southeast Economic Zone of Quang Tri province.
Construction work started in Q1 2022 and is expected to be completed in Q4 2030.
The main aim of the project is to meet the demand for power in the region. This will help in the economic generation and industrialization in the country.
2. Cap Padaran Mui Dinh – $1,000m
The project involves the construction of a hotel and resort complex on 800ha of land in Mui Dinh, Ninh Thuan.
Construction work commenced in Q1 2022 and is expected to finish in Q4 2025.
The project aims to enhance the hospitality, leisure, and commercial facilities in the region.
3. Bac Tan Uyen Vietnam-Singapore Industrial Park III – $280m
The project involves the construction of an industrial park on 1,000ha of land in Bac Tan Uyen District, Binh Duong Province.
Construction work started in Q1 2022 and is forecast to complete in Q4 2024.
It is part of Binh Duong Province Municipal Corporation plan to build two 1,000ha industrial parks to increase the supply of industrial land.
4. Rach Mieu II Bridge – $228m
The project involves the construction of a four-lane, 17.6km cable-stayed bridge from Ben Tre City in Ben Tre Province to My Tho City in Tien Giang Province in Vietnam.
Construction work commenced in Q1 2022 and is expected to be completed in Q4 2026.
The new bridge will be built about 350m upstream and 3.8km away from the current Rach Mieu Bridge. The bridge with a total length of 17.59km, of which the road section is 15.2km long, the bridge over the Tien river is 1.9km long and the bridge crossing My Tho river is 530m long.
5. Seraphin Waste-to-Energy Power Plant 37 MW – $152m
The project involves the construction of a 37MW waste-to-energy power plant with a processing capacity of 1500 TPD on 2.5ha of land in Ha Noi.
Construction work started in Q1 2022 and is expected to be completed in Q4 2023.
The project aims to help meet the region’s energy demand.
Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.
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