Here are the five largest construction projects initiated in Vietnam during Q2 2022, according to GlobalData’s construction projects database.
1. Cadia Qui Nhon Mixed-Use Development – $320m
The project involves the construction of two 40-story mixed-use tower on 0.52ha of land in Binh Dinh.
Construction work started in Q2 2022 and is expected to be completed in Q4 2024.
The purpose of the project is to provide a diverse range of facilities including retail, residential and other facilities to meet the lifestyle needs of people in the region.
2. Mau Son Ecotourism Complex – $317m
The project involves the construction of an eco-tourism complex on 692ha of land in Mau Son district, Lang Son province.
Construction work commenced in Q2 2022 and is expected to finish in Q4 2025.
The aim of the project is to enhance the lifestyle of people by providing end to end community living facilities and amenities in one neighborhood.
3. Sapa Domestic Airport Development – $302m
The project involves the construction of an airport to handle 3 million passengers per annum on 371ha of land in Lao Cai.
Construction work started in Q2 2022 and is forecast to complete in Q4 2030.
It is a 4C standard airport designed to serve for both civil and military use and will be able to receive A320, A321, and equivalent aircraft.
4. Iron Market Commercial Complex – $242m
The project involves the construction of a commercial complex with two 146m high, 42-story towers on 1.52ha of land in Hong Bang, Hai Phong.
Construction work commenced in Q2 2022 and is expected to be completed in Q4 2024.
The project aims to provide better hospitality and retail facilities in the region.
5. Crystal Holidays Harbor Van Don Tourism Resort and Entertainment Complex – $155m
The project involves the construction of a 26,020m2 tourism complex with five hotel buildings ranging from 28-33 stories comprising 2,274 hotel rooms and a four story mixed use building on 2.6ha of land.
Construction work started in Q2 2022 and is expected to be completed in Q4 2025.
The purpose of the project is to meet the demand for residential, commercial and leisure facilities in the region. It will also help in the growth of tourism in the country.
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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