On March 24, Dong Dang – Tra Linh Expressway Joint Stock Company (Phase 2) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank) signed a VND 1.4 trillion credit agreement for Phase 2 of the Dong Dang (Lang Son) – Tra Linh (Cao Bang) Expressway project.

Thanks to the strong involvement of authorities in Cao Bang and Lang Son provinces, the proactive efforts of the investor and project enterprise, and VPBank’s rigorous appraisal process, the credit facility has been finalized, unlocking critical financial resources and creating additional momentum for project implementation.

Credit agreement signing ceremony between Dong Dang – Tra Linh Expressway JSC (Phase 2) and VPBank.

Speaking at the ceremony, Mr. Nguyen Huu Hung, Vice Chairman of the Board of Directors of Deoca Group, emphasized that the Dong Dang – Tra Linh Expressway is a key transport infrastructure project in the Northeast, passing through strategically important areas that serve both as the nation’s frontier and an international trade gateway.

However, the region still faces significant challenges, including complex terrain and underdeveloped infrastructure, requiring strong momentum to drive growth. In this context, VPBank’s continued financing for Phase 2 reflects a long-term, consistent commitment and a strong sense of responsibility toward the country, society, and communities in frontier areas.

“This partnership demonstrates VPBank’s strong confidence in the investor’s capacity for organization, governance, and project delivery. That confidence has been built through our joint efforts in overcoming numerous challenges in Phase 1, from policy constraints and difficult construction conditions to schedule pressures, as well as design optimization, cost control, and investment efficiency improvements,” Mr. Hung noted.

Reporting on implementation progress, Mr. Nguyen Duc Thuan, General Director of the Phase 2 project enterprise, said contractors are currently focusing on expanding the roadbed of Phase 1 (from Km0+000 to Km93+350), with completed output reaching approximately VND 429 billion.

In line with the Prime Minister’s Directive No. 05/CĐ-TTg dated January 20, 2026, on reviewing and adjusting the roadbed width to 22 meters in accordance with QCVN 117:2024/BGTVT, several components initially designed in phases, such as bridges, culverts, underpasses, asphalt pavement, and traffic safety systems, have been promptly adjusted to match the final design and are now being implemented simultaneously, resulting in cost savings of over VND 500 billion.

Dong Dang – Tra Linh Expressway is a key infrastructure project in the Northeast region, running through strategically significant areas.

In 2026, the project enterprise aims to complete the 93-km expansion works in parallel with Phase 1 for operation, accelerating the schedule by eight months compared to the contract. For the newly constructed section (from Km93+000 to Km123+861), the target is to complete the K95 subgrade, bridge substructures, and breakthrough of three tunnels within the year.

At the ceremony, a VPBank representative stated that, as the credit provider for Phase 1, the bank has strong confidence in the capabilities of the investors and partners, as well as the feasibility and effectiveness of Phase 2.“VPBank believes the project will generate significant benefits, driving socio-economic development in Cao Bang and Lang Son. We are committed to long-term partnership and look forward to continued cooperation with Deoca Group toward sustainable and safe development”.

Previously, VPBank provided a credit package of up to VND 2.3 trillion for Phase 1 of the project. The continued financing for Phase 2 reaffirms the bank’s long-term commitment and confidence in the project’s viability and investment efficiency, while also demonstrating its responsibility toward the country and communities in disadvantaged and frontier regions.

By Bac Hiep – Photos by Tuan Linh