Ring Road 4 and T&T Group's choice in the century-long development structure of the Capital City.
T&T Group's decision to invest in the expressway component that serves as the "operational backbone" of Ring Road 4 is not simply a story of an infrastructure project, but also reflects Chairman Hien's long-term approach to the development structures shaping the new economic space of the North.
Spanning over 112 km, the Capital Region's Ring Road 4 passes through Hanoi, Hung Yen, and Bac Ninh, directly connecting to the largest expressway corridors in the North, such as Noi Bai – Lao Cai, Hanoi – Thai Nguyen, Hanoi – Hai Phong, and Phap Van – Cau Gie. Within this project structure, with a total investment of over 85,000 billion VND, component 3 – the expressway section invested under the PPP method – is considered the "operational backbone" of the entire route.
This is also a component in which T&T Group participates as an investor in the consortium implementing the project, and also participates in the management, operation, and maintenance of the expressway.
One route, many streams
Nguyen Duc Nam, a container truck driver who transports electronic components from Bac Ninh to Hai Phong, said that on some days, his truck has to spend several extra hours just to get through the intersections around Hanoi. "Sometimes the goods aren't far, but just a traffic jam at the gateway means a delay in arriving at the port," he said.
Nam's story clearly reflects the logistical pressures that Northern Vietnam in particular, and Vietnam in general, are facing. According to the Vietnam Logistics Report 2025 published by the Ministry of Industry and Trade, Vietnam's logistics costs currently remain at around 16-17% of GDP — significantly higher than many developed economies in the region.
Construction activities on the Ring Road 4 project are being accelerated.
This pressure has become even greater as the industrial landscape of the North has changed rapidly over the past decade. Electronics manufacturing centers, supporting industries, warehousing, and logistics are no longer concentrated solely around Hanoi, but are expanding strongly to Bac Ninh, Hung Yen, Phu Tho, and Hai Phong.
However, while production scale has increased rapidly, regional connectivity has not kept pace with the expansion of industrial goods flows. This gap makes Ring Road 4 a particularly significant infrastructure project for the Capital Region.
Within this project structure, with a total investment of over 85,000 billion VND, component 3 - the expressway section invested under the PPP method - is considered the "operational backbone" of the entire route, directly connecting inter-regional logistics flows between Noi Bai, northern production centers, and the Hai Phong - Quang Ninh seaport corridor.
This is also the component that T&T Group chose to participate in as part of the consortium implementing the project. Being present on this central section of the expressway demonstrates the company's interest in infrastructure components that are crucial for connecting and organizing the region's economic flow in the long term.
Looking at the planning map, the project forms a "belt" surrounding the largest industrial and logistics hubs in the North, while directly connecting to a series of vital transportation arteries such as Noi Bai - Lao Cai, Hanoi - Hai Phong, Hanoi - Thai Nguyen, and Phap Van - Cau Gie.
Perspective view of the intersection of Ring Road 4 with the Hanoi-Hai Phong Expressway.
In Hanoi, Ring Road 4 passes through areas that are playing an increasingly important role in the capital's suburban industrial and logistics structure. To the north is Me Linh – home to two large industrial parks, Quang Minh I and II, and situated close to the Noi Bai airport connection corridor. To the south, the areas of Thanh Tri, Thuong Tin, and Thanh Oai (formerly) are gradually forming new logistics and industrial gateways for the capital region with a series of large industrial parks and clusters. Meanwhile, to the west, Ring Road 4 approaches the areas of Hoai Duc and Dan Phuong (formerly). This is where clusters of traditional craft industries, small and medium-sized enterprises, and rapidly expanding satellite cities are concentrated under the pressure of population decentralization and the shift of production away from the inner city core.
Further to the northeast lies Bac Ninh, one of Vietnam's largest electronics manufacturing centers. Notably, the Ring Road 4 not only passes through existing core industrial zones but also traverses rapidly expanding areas such as Thuan Thanh, Gia Binh, and Tien Du (formerly). For example, in Gia Binh, two new industrial parks totaling over 560 hectares are being developed right next to the Ring Road 4 corridor. This area is also receiving significant investment in infrastructure connecting to Gia Binh Airport.
The Ring Road 4 project is currently being accelerated to meet its planned completion date.
Further south and southeast lies Hung Yen – a province emerging as a "new star" in warehousing and logistics in Northern Vietnam. It boasts a number of large industrial parks such as Thang Long II, Pho Noi A, Pho Noi B, and Yen My II, concentrated along the Hanoi-Hai Phong connecting corridors and in the Van Lam, Yen My, and Nhu Quynh areas – places where the Ring Road 4 passes through.
From this perspective, Ring Road 4 is no longer simply an inter-provincial transport route, but is gradually forming a new connection loop between major production centers, logistics hubs, airports, and seaports. A container from Bac Ninh can connect directly to Hung Yen and the Hai Phong corridor without having to go deep into the core of Hanoi. Cargo flows around Noi Bai can also connect directly to the logistics network in the East and Southeast of the Capital region via the new inter-regional expressway system.
This becomes even more important in the context of the increasingly multipolar production structure in the North and the high demand for regional connectivity.
Chairman Hien's choices in the century-long development structure.
In the Ring Road 4 project, T&T Group has a direct presence on the section of the expressway that plays a key role in operating the inter-regional logistics flow of the entire project — connecting manufacturing centers, warehousing, airports, and the northern seaport corridor.
The Ring Road 4 expressway component will serve as the "operational backbone" of the entire route.
Besides participating in financing arrangements and capital management, Mr. Hien's company also directly participates in the operation and maintenance of the expressway. This shows that T&T's concern lies not only in the simple matter of transportation, but also in the infrastructure that plays a crucial role in organizing transportation flows and linking regional economies in the long term.
Considering T&T Group's recent moves, it's clear that this choice was not accidental.
Exactly one year ago, at the end of June 2025, the T&T Group – FUTA Group – Phuong Thanh consortium was selected as the investor for the Bao Loc – Lien Khuong expressway with a total capital of nearly 18,000 billion VND. This expressway, over 73 km long, is considered a crucial link in completing the connecting corridor between Ho Chi Minh City, Da Lat, and the Central Highlands.
In Central Vietnam, Quang Tri Airport is also expected to become a new infrastructure hub for the North Central region, opening up more gateways for air travel and logistics, and attracting investment to an area that has lacked large-scale infrastructure drivers for many years.
In the North, Vietnam SuperPort® – a smart logistics superport in Phu Tho developed by T&T Group and its Singaporean partner – is positioned as a crucial link in the Vietnam-China-ASEAN logistics corridor.
Meanwhile, Quang Ninh Port – where T&T Group has been a strategic shareholder since 2015 – plays a crucial role as a gateway for goods in the Northern key economic region, serving as an important link in bringing goods from northern industrial zones to international markets.
More broadly, there are also a series of "mega" projects spread across the country, such as the Hai Lang LNG project (Quang Tri), the Nam Phuc Tho Industrial Park (Hanoi), the Vam Cong Industrial Park (An Giang), and the Savan 1 wind power plant in Laos.
Despite belonging to different fields, these projects share one common element: Vision. Each project is more than just a factory, a road, or an airport… It represents a significant "infrastructure legacy" that will play a crucial role in shaping the development of economic regions for generations to come.
Businessman Do Quang Hien has repeatedly emphasized that businesses can only "go the long distance" when investment activities are placed in harmonious relationship with national interests, the sustainability of the system, and the ability to create real value for the economy.
Businessman Do Quang Hien
On a larger scale, this approach reflects the current shift in Vietnam's private sector. According to Associate Professor Tran Dinh Thien, upon reaching a certain level of development, many large enterprises will no longer pursue only short-term gains, but will begin to shift towards a future-oriented mindset and participate in the long-term development structures of the economy.
Returning to the story of the Ring Road 4, recently, Hanoi city leaders have released a new Capital City Master Plan with a 100-year vision. According to this plan, the capital will develop according to a multi-polar, multi-layered, multi-tiered model, with economic belts, corridors, and regional linkages acting as the "framework" for urban expansion, industry, logistics, and new growth poles.
But perhaps we won't need to wait a hundred years to see the impact of this policy. As early as 2027, when the main components of Ring Road 4 are completed, containers will no longer be stuck for hours at Hanoi's gateways. Goods from Bac Ninh, Hung Yen, or the area around Noi Bai will also flow faster between northern production, logistics, and seaport centers.
For people like driver Nguyen Duc Nam, it might simply be a shorter route. But behind these shortened journeys, there could be an entire new development structure gradually taking shape around the Hanoi metropolitan area.
