Transport infrastructure to dominate $26.8 bln public investment allocation in 2024: PM

Transport infrastructure to dominate $26.8 bln public investment allocation in 2024: PM

Transport infrastructure will be the biggest recipient of this year’s VND657 trillion ($26.82 billion) public investment capital allocation, Prime Minister Pham Minh Chinh said Friday.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam adds 730 km of expressways since mid-2021

Vietnam adds 730 km of expressways since mid-2021

Vietnam has opened 730 kilometers of new expressways since mid-2021 when the current government was sworn in, raising the tally to nearly 1,900 km nationwide so far.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target

Transport heavyweight Deo Ca estimates 2023 profit 9% higher than target

Deo Ca Transport Infrastructure Investment JSC, a subsidiary of “tunnel king” Deo Ca Group, expects its 2023 profit to reach VND370 billion ($15.2 million), up 24% year-on-year and exceeding the plan by 9%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

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

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

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.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Deo Ca Group-led consortium invests in northern Vietnam expressway

Deo Ca Group-led consortium invests in northern Vietnam expressway

A consortium led by Deo Ca Group has been selected as the investor to implement the first phase of the Dong Dang-Tra Linh Expressway project connecting Lang Son and Cao Bang provinces in northern Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Major infrastructure investments needed to spur northern midlands, highlands growth in Vietnam

Major infrastructure investments needed to spur northern midlands, highlands growth in Vietnam

Vietnam should build and upgrade expressways and airports to boost development in the northern midland and highland region, said Singapore-headquartered EnCity International Consulting JSC.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport infrastructure upgrade paves road to Mekong Delta investment wave

Transport infrastructure upgrade paves road to Mekong Delta investment wave

Many localities in the Mekong Delta region are preparing to welcome an investment wave with new industrial parks and other facilities as key transport infrastructure projects including expressways take shape.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ex Ford exec, Be app cofounder take leadership positions in road-builder Tasco

Ex Ford exec, Be app cofounder take leadership positions in road-builder Tasco

Tasco JSC, a major Vietnamese road builder, has appointed two new people to its leadership, namely Pham Van Dung, former managing director of Ford Vietnam, and Nguyen Thien Minh, co-founder of ride-hailing app Be.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects

Vietnam seeks to tap Saudi Arabian fund for transport infrastructure, climate change projects

Prime Minister Pham Minh Chinh has urged Saudi Arabia to use its $620-billion Public Investment Fund (PIF) to invest in Vietnam’s prioritized sectors including transport infrastructure and climate change adaptation.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long-term vision vital for North-South express railway: expert

Long-term vision vital for North-South express railway: expert

For mega works like the North-South Express Railway, the country should focus its resources, ensure long-term effectiveness, and achieve multiple goals, said Prof. Dr. Nguyen Mai, chairman of Vietnam's Association of Foreign Invested Enterprises (VAFIE).

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Expressway proposed to connect Quang Ngai, Kon Tum provinces

Expressway proposed to connect Quang Ngai, Kon Tum provinces

The central province of Quang Ngai has proposed adding a 136-kilometer expressway linking it with Kon Tum province in the Central Highlands to the national road network plan to increase regional connectivity.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Long Thanh airport investor begins work on two link roads

Long Thanh airport investor begins work on two link roads

The Airports Corporation of Vietnam (ACV) began construction Friday of two roads linking the Long Thanh International Airport with a national highway and expressway.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

North-South expressway’s eastern section to open in 2025

North-South expressway’s eastern section to open in 2025

Vietnam will strive to open the eastern section of the North-South Expressway and build 3,000 kilometers of expressways by 2025, according to a newly-passed National Assembly resolution.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Work starts on HCMC ring road’s Binh Duong section

Work starts on HCMC ring road’s Binh Duong section

Construction on a 26.6-kilometer section of Ho Chi Minh City’s Ring Road 3 running through neighboring Binh Duong province started on Thursday.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction of $1.9 bln Mekong Delta expressway kicks off

Construction of $1.9 bln Mekong Delta expressway kicks off

Construction of the Chau Doc-Can Tho-Soc Trang Expressway, which will be the first to connect the Mekong Delta with Vietnam's national expressway network, began on Saturday.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Construction of HCMC ring road, Bien Hoa-Vung Tau expressway to start on June 18

Construction of HCMC ring road, Bien Hoa-Vung Tau expressway to start on June 18

Construction on a section of Ring Road 3 around Ho Chi Minh City is set to start on June 18, the same day work will begin on the Bien Hoa-Vung Tau Expressway, which is also part of the Southern Key Economic Zone (SKEZ).

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firms Tracodi, Vidifi join hands in expressway management

Vietnam firms Tracodi, Vidifi join hands in expressway management

Bamboo Capital Group subsidiary Tracodi and Vietnam Infrastructure Development and Finance Investment JSC (Vidifi), the operator of multiple expressways across the country, have joined hands to invest in infrastructure and expressway management.

Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Capital construction subsidiary Tracodi among best-growing firms

Bamboo Capital construction subsidiary Tracodi among best-growing firms

Tracodi, a subsidiary of Bamboo Capital Group, ranked ninth in the Top 50 Vietnam Best Growth 2023 list of the most rapidly expanding enterprises compiled by Vietnam Report, a leading local ranking and research company.

Bamboo Capital - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport ministry proposes Ninh Binh-Nam Dinh-Thai Binh expressway

Transport ministry proposes Ninh Binh-Nam Dinh-Thai Binh expressway

The Ministry of Transport has proposed to build the Ninh Binh-Nam Dinh-Thai Binh Expressway, with a length of 60.9 kilometers and a total preliminary investment of VND18.82 trillion ($802 million).

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Expressway linking two southern cities set to complete by end-2023

Expressway linking two southern cities set to complete by end-2023

Construction of the My Thuan-Can Tho Expressway, a part of the North-South Expressway connecting Ho Chi Minh City and the southern city of Can Tho, is set to complete by end-2023.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam opens two new sections of North-South Expressway

Vietnam opens two new sections of North-South Expressway

Vietnam’s Ministry of Transport opened two new expressways on Saturday, raising the total length in use on the North-South Expressway network to 280 kilometers out of the planned 654 km.

Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7

Ninh Binh tables plan for $358 mln expressway to connect with Nam Dinh

Ninh Binh tables plan for $358 mln expressway to connect with Nam Dinh

Ninh Binh authorities have proposed a VND8.45 trillion ($358.43 million) investment to construct a four-lane, 25km expressway connecting Ninh Binh with Nam Dinh in northern Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

$109 mln to build HCMC Ring Road 3’s Dong Nai section

$109 mln to build HCMC Ring Road 3’s Dong Nai section

Dong Nai province authorities on Sunday approved an investment of VND2.6 trillion ($109 million) in a sub-project of Ho Chi Minh City’s Ring Road 3 project that runs through the locality.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Two expressway projects planned for northern province

Two expressway projects planned for northern province

Tuyen Quang province is planning to build an expressway connecting Ha Giang province and an expressway upgrade linking Phu Tho province in the north of Vietnam.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gov’t approves PPP expressway project linking 2 northern Vietnam border gates

Gov’t approves PPP expressway project linking 2 northern Vietnam border gates

The Vietnamese government has approved the Dong Dang-Tra Linh Expressway project in public-private partnership (PPP) form, linking Tan Thanh and Tra Linh border gates, which border China’s Guangxi province.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

98-km expressway linking 2 central provinces inaugurated

98-km expressway linking 2 central provinces inaugurated

The 98.3-kilometer Cam Lo-La Son Expressway linking two central provinces of Quang Tri and Thua Thien-Hue was inaugurated and opened to traffic on Saturday.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

HCMC delivers 34 ha of land for Ring Road 3 project

HCMC delivers 34 ha of land for Ring Road 3 project

Ho Chi Minh City handed over 34 hectares of land on Thursday for the Ring Road 3 project which will connect the metropolis with the neighboring provinces of Dong Nai, Binh Duong, and Long An.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Techcombank, Vingroup struggle to fund $1.26 bln expressway project

Techcombank, Vingroup struggle to fund $1.26 bln expressway project

The 140-kilometer Gia Nghia-Chon Thanh Expressway that will connect Vietnam's Central Highlands to the southeastern region is facing financial hiccups as Vingroup and Techcombank have only been able to raise VND16 trillion ($677 million) out of the pledged $850 million.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

North-South expressway phase 2 construction to kick off on Jan 1

North-South expressway phase 2 construction to kick off on Jan 1

Twelve sub-projects of the North-South expressway phase 2 (2021-2025) are set to begin on January 1, according to Minister of Transport Nguyen Van Thang.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

North-South expressway phase 2 construction to commence before mid January

North-South expressway phase 2 construction to commence before mid January

All 25 packages of the North-South Expressway eastern section's phase 2 must start construction before January 15, says Minister of Transport Nguyen Van Thang.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

PM requires 5 Central Highlands expressways to complete by 2030

PM requires 5 Central Highlands expressways to complete by 2030

Prime Minister Pham Minh Chinh has requested the Central Highlands to complete five key expressway projects by 2030 to bolster national transportation connectivity.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Central Highlands province proposes $692 mln expressway

Central Highlands province proposes $692 mln expressway

Lam Dong has submitted a proposal to build the 66-kilometer Tan Phu-Bao Loc Expressway as a public-private partnership (PPP) project with an investment of VND17,200 billion ($692 million).

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Expressways 2022: 180 km completed, another 181 km to open to traffic

Expressways 2022: 180 km completed, another 181 km to open to traffic

Prime Minister Pham Minh Chinh told voters Thursday that work will be completed on 180 kilometers of expressways this year, while another 181 km will open to traffic.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

Transport ministry plans $205 mln investment in Mekong Delta roads

Transport ministry plans $205 mln investment in Mekong Delta roads

The Ministry of Transport has approved two major road projects in the Mekong Delta, with a total investment of nearly VND4,900 billion ($205 million) from the state budget, to bolster regional connectivity.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7

US firm to join HCMC-Moc Bai Expressway project

US firm to join HCMC-Moc Bai Expressway project

The U.S.-based PHI Group said Tuesday that it has been allowed to register to invest in constructing the $711 million Ho Chi Minh City-Moc Bai Expressway project.

Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7