CII-led consortium wins BOT contract to expand National Highway 13 to 10-14 lanes

Overview

Ho Chi Minh City has officially selected a consortium led by CII PPP (a subsidiary of CII) as the BOT investor for the second component of the National Highway 13 expansion project, which will widen the road to 10-14 lanes. The consortium, which also includes IMIC, will be responsible for upgrading the section from Bình Triệu Bridge to the old Bình Dương provincial border. This contract win is a strategic addition to CII’s infrastructure portfolio and is scheduled to commence construction on August 29.

Key Facts

• The consortium includes Công ty cổ phần Đầu tư Hạ tầng Kỹ thuật TP.HCM (CII), Công ty TNHH Đối tác Công tư CII (CII PPP), and Công ty cổ phần Xây dựng Hạ tầng IMIC.
• CII PPP is the lead member of the consortium.
• The project will expand National Highway 13 to 10-14 lanes, from Bình Triệu Bridge to the old Bình Dương provincial border.
• The investor commits to reducing toll collection time by at least 5% compared to the approved plan.
• The project is part of Ho Chi Minh City’s fast-track road network, one of 10 such routes.
• Groundbreaking is scheduled for August 29, ahead of National Day (September 2).
• The contract is a BOT (Build-Operate-Transfer) agreement under the public-private partnership model.

What Happened

The People’s Committee of Ho Chi Minh City has issued a decision approving the selection of the consortium led by CII PPP as the investor for the second component of the National Highway 13 upgrade and expansion project. This component will be implemented under a BOT contract, covering the section from Bình Triệu Bridge to the old Bình Dương provincial border. The decision was announced in an official document, which also outlines the responsibilities of various city departments in overseeing the project’s implementation.

The consortium has committed to proposing prices and fees for public products and services that do not exceed the approved levels, and to reduce toll collection time by at least 5% from the approved figures. The city’s Transport Works Construction Investment Management Board (Ban Giao thông) is tasked with ensuring the legality and accuracy of the investor selection process, while the Department of Finance will verify the consortium’s financial capacity before the contract is signed.

Market Context

CII (HOSE: CII) closed at 14,550 VND on August 26, 2026. The company has been actively expanding its infrastructure portfolio, particularly in transport projects within Ho Chi Minh City and surrounding provinces. This contract win aligns with the city’s push to develop fast-track road networks, which are expected to improve connectivity and reduce travel times. The project is part of a broader trend of infrastructure investment in Vietnam, supported by government initiatives to upgrade national highways and reduce congestion.

Strategic Significance

For long-term investors, this contract reinforces CII’s position as a key player in Vietnam’s infrastructure development, particularly in the southern economic hub. The BOT model provides a steady revenue stream through toll collection, and the commitment to reduce toll time may enhance public acceptance and traffic flow, potentially boosting long-term profitability. The project also strengthens CII’s relationship with the city government, which could lead to future infrastructure contracts. However, the financial details of the project, including total investment and expected returns, have not been disclosed, and investors should monitor the project’s execution and toll revenue performance.

What to Watch

• Official contract signing and detailed project timeline.
• Disclosure of total investment capital and financial structure.
• Progress on construction milestones, especially the August 29 groundbreaking.
• Traffic and toll revenue data post-completion.
• Any regulatory changes affecting BOT projects in Vietnam.