Deputy PM urges proposal for expressway connecting Lam Dong, Khanh Hoa provinces

By Minh Hue
Thu, December 7, 2023 | 9:49 am GMT+7

The Vietnamese provinces of Lam Dong and Khanh Hoa should ask the Prime Minister to consider approving the construction of the Nha Trang-Lien Khuong Expressway linking the neighboring provinces, said Deputy Prime Minister Tran Hong Ha on Tuesday.

The two provinces were asked to research the Transit Oriented Development (TOD) model for the expressway and adjust planning to effectively tap related socio-economic infrastructure.

A section of the North-South Expressway. Photo courtesy of the government's news portal.

A section of the North-South Expressway. Photo courtesy of the government's news portal.

According to the national expressway network development plan, construction on the Nha Trang-Lien Khuong Expressway project was expected to start after 2030, but under the direction of Ha it may commence sooner.

In September, Son Hai Group, headquartered in Quang Binh province, proposed the south-central province of Khanh Hoa build the Nha Trang-Lien Khuong Expressway with a length of 103 kilometers and a width of 17 meters. The four-lane route is expected to allow vehicles to run at a speed of 80-100 km/h.

Of the total length, 48 kilometers are in Khanh Hoa and the rest in the Central Highlands province of Lam Dong. The project will be implemented in the public-private partnership (PPP) – build-operate-transfer (BOT) format, with total investment capital estimated at VND36 trillion ($1.48 billion).

The Ministry of Planning and Investment is responsible for scrutinizing a proposal to add VND2.5 trillion ($103 million) from the central budget to the project and reporting to competent authorities for approval, Deputy PM Ha said, adding Lam Dong province must prepare conditions to adjust the project's investment plan right after the proposal is passed.

The Deputy PM also assigned the Ministry of Transport to quickly appraise the basic design of the Tan Phu-Bao Loc Expressway project running through Lam Dong and Dong Nai provinces.

The Ministry of Planning and Investment was tasked with completing an appraisal of the project’s feasibility study, ensuring construction will kick off in the first quarter of 2024. The PPP project had its investment plan approved by Prime Minister Pham Minh Chinh in late 2022.

The expressway is expected to have a total length of 66 kilometers, including 11 kilometers in Dong Nai and 55 kilometers in Lam Dong. In the first phase, the 17-meter road will have four lanes for cars, with a designed speed of 80 km/h. It is expected to be inaugurated in 2026.

Ha also requested Lam Dong province and the transport ministry to complete a pre-feasibility study for a project to renovate the Thap Cham-Da Lat railway.

According to the province’s pre-feasibility report, the Thap Cham-Da Lat railway runs from Phan Rang town and Ninh Son district in Ninh Thuan province to Lam Dong’s Don Duong district and Da Lat town. The 83-kilometer railway is expected to have 16 stations, two more than the old route. The project will be implemented from January 2025 to June 2029.

Vietnam targets building over 3,000 kilometers of expressways by 2025. In the 2000-2021 period, the country opened 1,163 kilometers of expressways. Since 2021, Vietnam has built an additional 566 kilometers of expressways, bringing its total to 1,729 km. A further 1,756 kilometers are under construction.

Comments (0)
  • Read More
Vietnam’s benchmark VN-Index to reach 1,400-1,420 points in 2025: broker

Vietnam’s benchmark VN-Index to reach 1,400-1,420 points in 2025: broker

The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), may hit 1,400-1,420 points in 2025, driven by an 18% market-wide profit growth and a price-to-earnings (P/E) ratio of 12.5-13x, according to broker MBBank Securities (MBS).

Finance - Sun, December 22, 2024 | 7:52 pm GMT+7

HCMC's first metro line officially operational after nearly 2 decades

HCMC's first metro line officially operational after nearly 2 decades

The first urban railway line in Ho Chi Minh City, named Ben Thanh-Suoi Tien, officially started commercial operations on Sunday after nearly two decades of waiting.

Infrastructure - Sun, December 22, 2024 | 2:17 pm GMT+7

Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital

Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital

Domestic factors, including a ramp-up in Government infrastructure spending, a revival of the real estate market, and a recovery of consumer spending, will help sustain Vietnam's GDP growth at a circa 6.5% pace next year, in-line with the National Assembly’s official target and with 2024 GDP growth, write Michael Kokalari, chief economist at VinaCapital.

Consulting - Sun, December 22, 2024 | 2:00 pm GMT+7

Vietnam shipping, seaport stock rally driven by rosy outlook in 2025

Vietnam shipping, seaport stock rally driven by rosy outlook in 2025

Many shipping and port stocks have risen sharply since November on an optimistic outlook for the industry driven by increasing throughput and a shift in container shipping alliances in 2025.

Companies - Sun, December 22, 2024 | 10:00 am GMT+7

Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%

Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%

Singaporean fund Platinum Victory Pte. Ltd. has registered to buy another 16.8 million shares in Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (REE), aiming to increase its ownership to nearly 45%.

Finance - Sun, December 22, 2024 | 9:29 am GMT+7

1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam

1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam

The Hai Phong Economic Zone Management Board has taken a significant step forward in enhancing infrastructure around Lach Huyen Port by establishing a council to appraise the environmental impact assessment for the road connecting terminals No. 3 to No. 6.

Economy - Sun, December 22, 2024 | 8:00 am GMT+7

Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam

Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam

Hanoi police have issued an international arrest warrant for Le Khac Ngo, known as "Mr. Hunter," a key accomplice in a recently-dismantled massive foreign exchange and securities fraud ring.

Society - Sat, December 21, 2024 | 10:57 pm GMT+7

Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'

Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'

Leading global tourism companies have remarked that Phu Quoc has "yet to receive the recognition it deserves," despite its impressive and unexpected growth rate.

Travel - Sat, December 21, 2024 | 7:20 pm GMT+7

Thai central bank maintains policy interest rate at 2.25%

Thai central bank maintains policy interest rate at 2.25%

The Thai Chamber of Commerce (TCC) has said it backs the decision by the Bank of Thailand, the country's central bank, to maintain the policy interest rate at 2.25%, considering the move as suitable for a reviving economy.

Southeast Asia - Sat, December 21, 2024 | 5:43 pm GMT+7

Vietnam's military-run tech giant Viettel strikes big deals at international defence expo

Vietnam's military-run tech giant Viettel strikes big deals at international defence expo

Subsidiaries of Military Industry and Telecommunications Group (Viettel) signed a string of significant contracts with major global partners during the first two days of the Vietnam International Defence Expo 2024 in Hanoi.

Companies - Sat, December 21, 2024 | 5:36 pm GMT+7

Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion

Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion

Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.

Companies - Sat, December 21, 2024 | 2:08 pm GMT+7

VAFIE seeks to promote sci-tech development, intellectual property policies

VAFIE seeks to promote sci-tech development, intellectual property policies

The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) aims to enhance policies for the development of science, technology, and intellectual property, creating a more conducive investment environment.

Companies - Sat, December 21, 2024 | 1:59 pm GMT+7

Vietnamese dong likely to depreciate 3% in 2025: VinaCapital

Vietnamese dong likely to depreciate 3% in 2025: VinaCapital

The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.

Economy - Sat, December 21, 2024 | 11:23 am GMT+7

First luxury railway journey across Vietnam features Indochine architecture

First luxury railway journey across Vietnam features Indochine architecture

PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.

Travel - Sat, December 21, 2024 | 10:09 am GMT+7

Vietnam among 40 most beautiful countries: US publication

Vietnam among 40 most beautiful countries: US publication

Vietnam has secured the 36th position in the ranking of the 40 most beautiful countries in 2024 in a testament to its undeniable charm and appeal, according to US News & World Report.

Travel - Sat, December 21, 2024 | 10:04 am GMT+7

Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province

Foxconn to invest $16 mln more in Vietnam’s Quang Ninh province

Competition Team Technology (Vietnam) Company Limited, a subsidiary of Foxconn, will invest an extra $16 million in its “S- Vietnam” project in the northern coastal province of Quang Ninh.

Industries - Sat, December 21, 2024 | 9:53 am GMT+7