The plan specifies that auction dossiers will be completed in the second quarter of 2025, with the auction scheduled for the third quarter.

Additional investments going to property projects in the northern province as the market focus shifts.

In an official document sent to the National Assembly delegation of northern Son La province, the Ministry of Transport said it will prioritize VND1.7 trillion ($75.09 million) in capital support for the building of the Hoa Binh - Moc Chau Expressway. The 85-km route, 36 km of which passes through Son La, will be implemented in the public-private partnership (PPP) form, with total investment of more than VND22 trillion ($971.4 million) in the first phase.

The Hoa Binh Provincial People’s Committee has proposed the Prime Minister permit investment in expanding the Hoa Lac - Hoa Binh Road under the public-private partnership (PPP) method. Total investment is expected to be more than VND8 trillion ($351.1 million).

In order to promote its development, northern Hoa Binh province will auction about 1,443 ha of land in the 2021-2025 period, including land plots in 19 urban area, residential, and tourist projects.

Northern province’s national tourist area to be built by 2035.

The Prime Minister has approved the investment policy for a project connecting traffic and irrigation in northern Hoa Binh province with the national transport infrastructure network. Total investment is VND2.6 trillion ($112.6 million), from South Korean ODA loans and reciprocal capital. Implementation is expected to take six years.