The road will stretch for 20km and have a total investment of VND1.17 trillion ($50.8 million). The central budget will allocate VND800 billion ($35 million) to the construction, with the remaining capital coming from the local budget.

Once completed, the road is expected to contribute to the ongoing development of Binh Dinh Economic Zone by promoting further trade and investment to the area. It will also make travel easier for employees of Becamex VSIP who live far away from the IP.

Becamex VSIP is considered a favourable destination for investors and this new road is one of several large-scale infrastructure projects that are vital for the socioeconomic development of Quy Nhon city.

Bing Dinh is also accelerating the construction of the coastal route section of National Highway No.1D to connect with the new National Highway No.19, which started construction in March.

Binh Dinh Economic Zones Management Authority aims to entice 60 new projects to Nhon Hoi Economic Zone and other IPs around the province this year, with a total investment set to reach some $136 million, more than twice the amount seen in 2022.