CC1-Led Consortium to Build VND 11,000B Long Hung Bridge, Groundbreaking Q2 2026

Overview

A consortium led by Construction Corporation No. 1 JSC (CC1) is preparing to break ground on the Long Hung Bridge (Dong Nai 2 Bridge) in the second quarter of 2026. The project, structured as a public-private partnership (PPP), is a strategic 11.7km link between Ho Chi Minh City and Dong Nai Province with an estimated total investment exceeding VND 11,000 billion. This development is a key contract win for CC1, positioning it at the forefront of a major regional infrastructure initiative aimed at improving connectivity to the future Long Thanh International Airport.

Key Facts

• The Long Hung Bridge project has an estimated total investment of over VND 11,000 billion (approximately USD 440 million).
• The consortium is led by Construction Corporation No. 1 JSC (CC1).
• Groundbreaking is scheduled for Q2 2026, following a formal groundbreaking ceremony earlier in the year.
• The bridge will span 11.7km, with a main section of approximately 2.4km, designed as an urban arterial road with six motorized lanes and two mixed-use lanes for an 80km/h speed limit.
• The project start point is at the Go Cong intersection in Ho Chi Minh City (Ring Road 3), and the endpoint connects to National Highway 51 in Dong Nai.
• The investor consortium requested an extension to submit its feasibility study update until April 10, 2026, to adjust for fluctuations in fuel and construction material prices.
• Provincial leaders from Ho Chi Minh City and Dong Nai agreed on the project’s importance at a regional transport linkage meeting in late March 2026.

What Happened

According to provincial announcements, a consortium led by CC1 is advancing procedures to commence construction of the Long Hung Bridge in Q2 2026. The project, which follows a PPP model, was discussed and agreed upon by leaders of Ho Chi Minh City and Dong Nai Province at a regional transport linkage meeting in late March 2026. Mr. Nguyen Van Ut, Deputy Secretary of the Provincial Party Committee and Chairman of the Dong Nai Provincial People’s Committee, emphasized the bridge’s key role in linking Long Thanh Airport with Ho Chi Minh City.

The investor consortium, after receiving initial approval from the Dong Nai Provincial People’s Council, was tasked with completing a feasibility study within three months. However, citing volatility in fuel and construction material prices, the consortium proposed an extension to submit updated documentation by April 10, 2026, to revise the total investment and ensure project viability. Field surveys, technical plans, and dossier preparation are reportedly complete, awaiting submission to competent authorities for review.

Market Context

CC1 trades on the Ho Chi Minh Stock Exchange (HOSE) under the infrastructure and construction sector. The announcement of this major project win comes as the company seeks to secure large-scale contracts to bolster its order book. Successful execution of such a high-profile, capital-intensive PPP project could enhance CC1’s reputation as a lead contractor for strategic national infrastructure, potentially influencing investor perception of its growth trajectory and risk profile in the coming years.

Strategic Significance

The Long Hung Bridge project represents a strategic pivot for CC1 toward large-scale, integrated transport infrastructure under the PPP framework. Beyond the immediate construction contract, the project places CC1 at the center of a critical economic corridor between Vietnam’s largest economic hub and a key industrial province, with direct links to the future Long Thanh International Airport. Success here could provide a template for CC1 to secure similar regional linkage projects, diversifying its revenue streams and reducing reliance on smaller-scale contracts.

What to Watch

• Official approval and financial close for the VND 11,000B+ PPP contract following the updated feasibility study submission by April 10, 2026.
• CC1’s quarterly financial reports for details on capital mobilization and project progress post-groundbreaking in Q2 2026.
• Updates on the concurrent development of the Cat Lai and Phu My 2 bridges, mentioned as part of the same regional transport push.
• Traffic volume and toll revenue projections once the bridge becomes operational, impacting the project’s long-term financial returns.
• Any changes to the consortium structure or additional partners joining the investment.