Announcement of Ground-breaking Ceremony of Thu Thiem 2 Bridge Project

On February 3rd 2015, the Ground-breaking ceremony of Thu Thiem 2 Bridge Project, in form of Build-Transfer (BT) contract, took place in Thu Thiem New Urban Area, District 2, Ho Chi Minh City (HCMC). The ceremony was attended by the Secretary of HCMC Party Committee; leaders of Ministry of Transport, Ministry of Defense, Ministry of Construction, HCMC People's Committee and other relevant Departments of the city and localities; Board of Directors of Dai Quang Minh Corporation; representatives of project investors together with national and local press agencies.

Thu Thiem 2 Bridge, with one end at the intersection of Ton Duc Thang and Le Duan Streets in District 1, will run along Ton Duc Thang Street, cross the Sai gon River, and connect to Crescent Boulevard (Route R1) in Thu Thiem New Urban Area, District 2. It is invested by Dai Quang Minh Corporation in the form of a Build- Transfer (BT) contract.

The total investment for Thu Thiem 2 Bridge project is VND4,260 billion, of which:

  • VND2,283 billion is allocated for the construction and consultancy fee;
  • VND308.5 billion is allocated for relocation of technical infrastructure and compensation for land acquisition;
  • VND 491 billion is using for The forecast for quantities budget and estimated costing of the salary increasing up.
  • VND1,177.5 billion is reserved for inflation and interest

In order to make payment for the construction of Thu Thiem 2 Bridge, the Prime Minister had approved HCMC People’s Committee’s proposal to allocate 13.6 ha of land in Thu Thiem New Urban Area to Dai Quang Minh Corporation for it to implement other projects concurrently with the BT projects. Since several projects were being executed at the same time, the amount of investment had been reduced to VND3,082.5 billion, while VND1,177.7 billion was saved for inflation and interest. Furthermore, Dai Quang Minh Corporation was still obliged to pay the remaining VND746 billion after submitting VND800 billion to the city budget in April 2014. The remaining amount will be finalized upon the project’s completion.

Thu Thiem 2 Bridge will have 6 lanes (4 lanes for automobiles, and 2 for all types of vehicles). It is a 1,465-meter-long cable-stayed bridge, with 886-meter approach slabs and a 113-meter-high main tower, curved to Thu Thiem Area. With the spectacular design of Lighting Art, Thu Thiem 2 Bridge will be the highlight on the Saigon River both day and night.


The bridge section leading to District 1 is divided into 3 branches:

The main section, which uses prestressed concrete box girders, is 437m long and 17.5m wide. Its 4 lanes will cross Nguyen Huu Canh- Le Thanh Ton Intersection and end at Le Duan- Ton Duc Thang Intersection.

The N1 section, which uses prestressed concrete box girders, is 195.5m long and 7m wide. It 2 lanes start at Me Linh Square, running along Ton Duc Thang Street- next to the Saigon River and connecting to the main bridge. This section is for vehicles travelling from District 1 to District 2.

The N2 section, which uses prestressed concrete box girders, is 192.7m long and 7m wide. Its 2 lanes will run along and below the main section. From the direction toward District 1, N2 section acts as an exit from the bridge, starting in front of the intersection of Nguyen Huu Canh- Le Thanh Ton and Ton Duc Thang and leading to Ton Duc Thang Street. From N2, you can turn right to Nguyen Huu Canh Street and turn left to Le Thanh Ton Street.

The approach slab in District 2 is 140m long and 36m wide, connecting to Crescent Boulevard in Thu Thiem New Urban Area. The soft land here is treated with advanced technology - Deep Soil Mixing Column method.

In 2008, Ho Chi MinhCity People's Committee allowed Vietnam Construction and Import-Export Corporation (VINACONEX) to study the Thu Thiem 2 Bridge Project and select a foreign architectural design consultant. In early 2010, the City People's Committee approved the architectural design proposal and allowed VINACONEX to develop the project of Thu Thiem 2 Bridge in the form of a BT contract. By the end of 2013, receiving the approval of the City Committee, Dai Quang Minh Corporation had negotiated and agreed to take over the project from VINACONEX. On May 31, 2014, Dai Quang Minh Corporation was selected by the City People's Committee to become the Thu Thiem 2 Bridge investor in the form of a BT contract, right after Dai Quang Minh paid VND800 billion to the city budget.

Dai Quang Minh also agreed that the construction plan will not affect Ba Son Corporation. Accordingly, the ground-breaking ceremony of Thu Thiem 2 Bridge was planned to take place on February 03, 2015, and scheduled to enter completion and operation on April 30, 2018. In case Ba Son Corporation can hand over the premises sooner, the completion time can be earlier than scheduled.

Dai Quang Minh Corporation is also the investor of the main traffic infrastructure projects in Thu Thiem New Urban Area such as: 4 main roads, Central Square, and Riverside Park; and the investor of Sala City on an area of over 100 ha in Thu Thiem.

Dai Quang Minh expects to complete and put all these projects into operation in 2018, helping to attract more investors to Thu Thiem.

Dai Quang Minh Corporation - Investor of Thu Thiem Bridge 2 project in the form of a BT contract.

Dai Quang Minh Corporation have signed the lease agreement to operate school with Vietnam Australia International Education Jsc (VAS)
Dai Quang Minh Corporation have signed the lease agreement to operate school with Vietnam Australia International Education Jsc (VAS)

Dai Quang Minh Corporation and Vietnam Australia International School (VAS) have signed an agreement on establishing the first-ever international school inside Sala City, developed by the company in Ho Chi Minh City’s District 2.

Businessman Tran Ba Duong: "We are stuck in the movement but forget the core values of Entrepreneurship"
Businessman Tran Ba Duong: "We are stuck in the movement but forget the core values of Entrepreneurship"
Chairman of Truong Hai Auto Corporation, General Director of Dai Quang Minh JSC considers that encouragement for entrepreneurship is the right thing to do. However, along with the encouragement, there should be the orientation and clarification of each sector. Besides, it is necessary to redefine the concept of "Entrepreneurship".
Speech at the "5th Anniversary Ceremony of Dai Quang Minh Corporation" by General Director Tran Ba Duong
Speech at the "5th Anniversary Ceremony of Dai Quang Minh Corporation" by General Director Tran Ba Duong

On May 27th, 2016, Dai Quang Minh Corporation celebrated its 5th Anniversary. At the ceremony, Mr. Tran Ba Duong - General Director reported on the 5 years of foundation & development as well as the business philosophy the Dai Quang Minh had raised and pursued throughout the whole development process.