Pacific Construction Group (CPCG), a Chinese infrastructure developer ranked among the Fortune Global 500 companies, has proposed investing at least USD3.5 billion in transport, urban and industrial infrastructure projects in Vietnam’s central Dak Lak province. The proposal was discussed during a meeting between provincial leaders and a CPCG delegation to explore potential cooperation opportunities.
The company expressed interest in projects aligned with its core capabilities, including transport infrastructure, urban development, irrigation systems and industrial park construction. According to CPCG founder Yan Jiehe, the proposed investment would be implemented over the next five years through models such as engineering, procurement and construction (EPC) and public–private partnerships (PPP), combining project construction with long-term operation and maintenance.
Two major transport projects have attracted particular interest from the group: the Dak Lak–Phu Yen Expressway, estimated to cost about VND30.98 trillion (around USD1.18 billion), and the western section of the North–South Expressway connecting Pleiku, Buon Ma Thuot and Gia Nghia. The Dak Lak–Phu Yen Expressway is currently being studied under a PPP framework and is expected to improve connectivity between Vietnam’s Central Highlands and the south-central coastal region.