Here are the five largest construction projects initiated in Vietnam during Q3 2022, according to GlobalData’s construction projects database.
1. Lotte Eco Smart City – $900m
The project involves the construction of mixed-use complex on 7.45ha of land in Ho Chi Minh City.
Construction work started in Q3 2022 and is expected to be completed in Q1 2029.
The project is part of the government’s Thu Thiem district development plan in 2002.
2. Ju Teng Electronic Components and Auto Parts Manufacturing Plant – $200m
The project involves the construction of an electronic component and auto parts manufacturing plant on 120ha of land in Nghe An.
Construction work commenced in Q3 2022 and is expected to finish in Q2 2023.
The project aims to meet the growing demand for electronic components in the region.
3. Deep C 2 Hai Phong Industrial Zone Core5 Hai Phong – $60m
The project involves the construction of a 96,000m2 ready-built warehouse in Hai Phong.
Construction work started in Q3 2022 and is forecast to complete in Q2 2023.
The project aims to provide modern logistics facilities in the region.
4. Van Thien-Ben En Road – $51m
The project includes the construction of a 12km road from Van Thien – Ben En in Thanh Hoa province.
Construction work commenced in Q3 2022 and is expected to be completed in Q4 2025.
The project aims to connect the coastal areas within the Thanh Hoa province and reduce travel times.
5. Tan Phu Thanh Industrial Park Pharmaceutical and Packaging Printing Factory – $40m
The project involves the construction of a pharmaceutical and packaging printing plant on 6ha of land with a design capacity of 681 million units per annum in Hau Giang.
Construction work started in Q3 2022 and is expected to be completed in Q4 2024.
The project aims to build a global JAPAN/EU_GMP standard factory and to meet the growing demand for products such as Klamentin, Medlon, or Bocalex to affirm the leading position in the mission of providing high-quality and safe products for domestic and foreign customers and also to achieve strategic business objectives.
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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