HCMC – A consortium of investors, including HCMC Infrastructure Investment JSC (HOSE: CII), will expand the HCMC–Trung Luong–My Thuan Expressway under a build-operate-transfer (BOT) contract with a total investment of VND36.17 trillion.
The Ministry of Construction approved the project on November 26 under Decision 166/QĐ-BXD. The investors comprise CII, Deo Ca Group, Tasco JSC, Hoang Long Construction Investment Corporation, and CII Service and Investment Company. All funding will be raised by the investors.
The expressway is a key route linking HCMC and the Mekong Delta. It shortens travel time to My Thuan to about one hour and 45 minutes, compared with more than three hours on National Highway 1. The HCMC–Trung Luong section has faced congestion after 14 years of operation, while the Trung Luong–My Thuan section, opened two years ago, does not have emergency lanes.
The expansion aims to reduce congestion and improve connectivity with other transport projects in the southern region. The project is expected to strengthen links to economic centres, border gates and ports, and increase transport capacity in the Mekong Delta.
Closing the trading session today, December 1, CII edged down 2.06% to VND26,200, with nearly 11.4 million shares changing hands.
The VN-Index closed higher on Monday, supported by gains in several major stocks despite broader market weakness.
The benchmark index added 10.68 points, or 0.63%, to 1,701.67. The Hochiminh Stock Exchange reported 135 gainers and 178 decliners. Trading volume reached 633.5 million shares worth VND21.04 trillion, down 10.4% in volume but up 1.4% in value from the previous session. Blocked deals accounted for 113.66 million shares worth VND4.87 trillion.
The VN30 basket, which groups the 30 largest-cap stocks, saw 16 gainers and 14 losers, lifting the VN30-Index by nearly 9.64 points to 1,933.56. SAB rose 5.6%, VIC gained 3.6%, GAS increased 3.2%, and VHM climbed 2.7%.
VIC contributed more than 8.5 points to the VN-Index, followed by over 2.6 points from VHM. VPL and GEE each hit the ceiling and added around 2.8 points and 1.2 points, respectively.
Mid- and small-cap stocks recorded strong interest. PLP, FIT, TSC, VTB, and VAB all closed at the ceiling.
Consumer goods stocks performed well, led by SAB. VNM and MSN increased around 1.5%, while PNJ and MCH edged up.
Vingroup-related tickers supported the real estate group, with VIC, VHM, VPL, and VRE advancing. Other developers declined. PDR, DXG, DIG, and KDH fell more than 2%. KBC, TCH, KHG, and SCR also slipped.
Securities stocks posted the sharpest declines. VIX returned to its reference price with 36.4 million shares traded. SSI fell 2.4% to its intraday low with 28.4 million shares matched. VND dropped 1.1%.
Steel, insurance, and banking stocks declined between 0.5% and 1%. SHB reversed course, rising 1.2% to VND17,000 with 57.72 million shares traded. STB, VPB, VCB, MIG, and PVI also gained slightly. Lender SHB was the most actively traded stock with over 57.7 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index dropped 1.52 points, or 0.58%, to 259.91, with 56 advancers and 99 decliners. Matching volume reached 63.6 million shares worth VND1.26 trillion.
