Expressway target of 3,000 km by 2025 feasible: Prime Minister

By Huong Dung
Sun, June 18, 2023 | 8:15 pm GMT+7

Work on new expressways is getting underway, and with the current network of 1,729 kilometers, Vietnam is likely to reach its goal of over 3,000 kilometers of expressways by 2025, said Prime Minister Pham Minh Chinh on Sunday.

At a ceremony to kick off construction on Ho Chi Minh City's Ring Road 3, Bien Hoa-Vung Tau Expressway, and Khanh Hoa-Buon Ma Thuot Expressway, the cabinet leader said in the 2000-2021 period, the country invested and opened 1,163 kilometers of expressways.

“To have 5,000 kilometers of expressways by 2030 as targeted, we must build four times more than in the previous 20 years,” he noted.

Prime Minister Pham Minh Chinh (center) kicks off construction on Ho Chi Minh City's Ring Road 3, Bien Hoa-Vung Tau Expressway, and Khanh Hoa-Buon Ma Thuot Expressway on June 18, 2023. Photo courtesy of Vietnam News Agency.

Prime Minister Pham Minh Chinh (center) kicks off construction on Ho Chi Minh City's Ring Road 3, Bien Hoa-Vung Tau Expressway, and Khanh Hoa-Buon Ma Thuot Expressway on June 18, 2023. Photo courtesy of Vietnam News Agency.

Since 2021, Vietnam has built an additional 566 kilometers of expressways, bringing its total to 1,729 km, he said, adding that another 1,756 kilometers are under construction.

According to the PM, the three above routes, with a total length of 247 kilometers, will help link key economic regions in the South and Central Highlands regions.

Ring Road 3 will run 90 kilometers through HCMC, Binh Duong, Dong Nai and Long An provinces, and is expected to cost VND75.4 trillion ($3.2 billion).

It will have six lanes and a speed limit of 80-100 km per hour, and two others for emergency stops. The first phase will stretch 76 kilometers with four lanes.

An overpass will be built to link the ring road with the HCMC-Long Thanh-Dau Giay Expressway, which connects with the Dau Giay-Phan Thiet Expressway running from Dong Nai to the beach town of Phan Thiet.

The project will also link with four other expressways, including HCMC-Trung Luong that connects HCMC with the Mekong Delta; Ben Luc-Long Thanh, linking Long An and Dong Nai; HCMC-Moc Bai, connecting the city with the Cambodian border; and HCMC-Chon Thanh, linking HCMC and Binh Duong.

Once completed in 2026, the route is expected to open up space for the development of industrial corridors, connect seaport clusters, and reduce travel times and logistics costs. It will also drive the development of the key southern region.

Meanwhile, the first phase of the Bien Hoa-Vung Tau Expressway will run 53.7 kilometers from Dong Nai to Ba Ria-Vung Tau with a total cost of over VND17.8 trillion ($756.48 million).

The first phase of the Khanh Hoa-Buon Ma Thuot Expressway, linking Khanh Hoa province and Dak Lak in the Central Highlands, will stretch 117.5 kilometers with funding of nearly VND21.9 trillion ($930.7 million).

The expressways are expected to be put into use in 2026 and 2027, respectively.

Earlier on Saturday, the PM kicked off construction of the 188km Chau Doc-Can Tho-Soc Trang Expressway. Crossing the Mekong Delta region, the expressway begins in Soc Trang province’s Tran De port, runs through Hau Giang province and Can Tho city, and ends in An Giang province’s Chau Doc town.

It is designed to be 32.25 meters wide and have six lanes, with the total cost exceeding VND44.69 trillion ($1.89 billion) sourced from central and local budgets.

Once operational in 2027, the project will contribute to completing the regional transport network, connecting Mekong Delta localities with Cambodia and other Southeast Asian countries.

Comments (0)
  • Read More
Vincom Retail reverses course, proposes cash dividend ahead of AGM

Vincom Retail reverses course, proposes cash dividend ahead of AGM

Vincom Retail, a subsidiary of Vingroup, has proposed a cash dividend for 2026, reversing an earlier plan to retain earnings, as the company prepares for its annual general meeting on Thursday.

Companies - Wed, April 22, 2026 | 8:17 am GMT+7

VinFast overtakes Tesla as Q1 best-selling battery electric vehicle brands in Philippines

VinFast overtakes Tesla as Q1 best-selling battery electric vehicle brands in Philippines

VinFast, the EV subsidiary of Vietnam’s conglomerate Vingroup, has surpassed Tesla to be the best-selling battery electric vehicle (BEV) brand in the Phillipines in the first quarter of 2026.

Companies - Tue, April 21, 2026 | 9:05 pm GMT+7

Usilk City urban area project case in Hanoi referred to police for investigation over alleged violations

Usilk City urban area project case in Hanoi referred to police for investigation over alleged violations

Vietnam's Government Inspectorate has decided to refer the case related to the expanded Van Khe urban area project (Usilk City) to the Ministry of Public Security for investigation and handling in accordance with the law, after identifying a number of wrongdoings.

Real Estate - Tue, April 21, 2026 | 5:12 pm GMT+7

ACV proposes shifting most international flights from Tan Son Nhat to Long Thanh by 2027

ACV proposes shifting most international flights from Tan Son Nhat to Long Thanh by 2027

Airports Corporation of Vietnam (ACV) has proposed shifting the bulk of international flights from Tan Son Nhat International Airport in Ho Chi Minh City to the Long Thanh International Airport in neighboring Dong Nai province under a phased plan that could see more than 90% of international passenger traffic handled by the new airport as early as 2027.

Economy - Tue, April 21, 2026 | 5:03 pm GMT+7

Tasco chairman outlines growth plan as shareholders lament losses

Tasco chairman outlines growth plan as shareholders lament losses

Shareholders of Tasco JSC voiced concerns at the firm’s annual general meeting on Monday after "holding HUT shares for three years without breaking even", prompting chairman Vu Dinh Do to outline key priorities for the company’s next phase of growth.

Companies - Tue, April 21, 2026 | 3:22 pm GMT+7

More than a marathon: How Carlsberg Vietnam runs together to build a stronger growth culture

More than a marathon: How Carlsberg Vietnam runs together to build a stronger growth culture

For the fifth consecutive year, Carlsberg Vietnam, together with its iconic Huda brand, returned as one of the main sponsors of VnExpress Marathon Hue 2026. But for the company, this was never simply about sponsoring a race. It was about something far bigger: how culture, leadership, and shared purpose create the foundation for sustainable growth.

Companies - Tue, April 21, 2026 | 12:17 pm GMT+7

AnPro drives An Phat Holdings’ expansion into interior materials

AnPro drives An Phat Holdings’ expansion into interior materials

An Phat Holdings is expanding beyond engineering plastics into high-tech interior materials through its AnPro brand, as part of a broader strategy to move up the value chain.

Companies - Tue, April 21, 2026 | 12:14 pm GMT+7

Vingroup, Vinhomes lift 2026 profit targets, sending shares higher

Vingroup, Vinhomes lift 2026 profit targets, sending shares higher

Vietnamese conglomerate Vingroup (HoSE: VIC) and its subsidiary Vinhomes (HoSE: VHM) said they will seek shareholder approval to raise their 2026 revenue and profit targets at the upcoming AGM.

Companies - Tue, April 21, 2026 | 11:18 am GMT+7

Foxconn pours additional $58.3 mln into northern Vietnam unit

Foxconn pours additional $58.3 mln into northern Vietnam unit

Taiwan’s Hon Hai Precision (Foxconn), a key electronics supplier to Apple, said it will invest an additional $58.32 million in its Vietnamese subsidiary, Fushan Technology (Vietnam), according to a filing to the Taiwan Stock Exchange.

Investing - Tue, April 21, 2026 | 11:03 am GMT+7

Consortium proposes three wastewater plant projects in HCMC

Consortium proposes three wastewater plant projects in HCMC

A consortium comprising three Vietnamese companies - Petrosetco, Gelex Infrastructure and Viconship - has proposed three major wastewater treatment projects in Ho Chi Minh City, highlighting growing private-sector interest in environmental infrastructure.

Industries - Tue, April 21, 2026 | 8:00 am GMT+7

Vietnam: Energy shock clouds the outlook for 2026

Vietnam: Energy shock clouds the outlook for 2026

The most difficult period will be in Q2 and Q3/2026 as high global energy prices (and limited supplies) hit their peaks before easing toward end-2026, write UOB analysts in their latest report on Vietnam economic forecasts released last Friday.

Economy - Mon, April 20, 2026 | 5:22 pm GMT+7

Vietnam's top retailer MWG targets 30% profit growth this year, $10 bln sales by 2030

Vietnam's top retailer MWG targets 30% profit growth this year, $10 bln sales by 2030

Mobile World Investment Corporation (HoSE: MWG) set net profit goal at VND9.2 trillion ($349.4 million) this year, up 30% year-on-year, as the leading Vietnamese retailer accelerates separate plans for its core subsidiaries.

Companies - Mon, April 20, 2026 | 4:52 pm GMT+7

Steel giant Hoa Phat inaugurates $76 mln steel pipe plant in southern Vietnam

Steel giant Hoa Phat inaugurates $76 mln steel pipe plant in southern Vietnam

Vietnam’s conglomerate Hoa Phat Group (HoSE: HPG) on Saturday inaugurated a new steel pipe plant in the southern province of Tay Ninh with an investment of VND2 trillion ($75.6 million), as the country’s top steelmaker expands capacity to capture recovering demand in construction and infrastructure.

Industries - Mon, April 20, 2026 | 3:01 pm GMT+7

DNSE margin lending and advance receivables up nearly 40% year-on-year

DNSE margin lending and advance receivables up nearly 40% year-on-year

Brokerage DNSE Securities JSC reported operating revenue of more than VND395 billion ($15 million) in the first quarter of 2026, up 62% from a year earlier, driven by strong growth in margin lending and advances on securities sales.

Companies - Mon, April 20, 2026 | 1:47 pm GMT+7

Major corporations back Ho Chi Minh City Venture Capital Fund

Major corporations back Ho Chi Minh City Venture Capital Fund

Several large regional and Vietnamese corporations have become founding shareholders of the Ho Chi Minh City Venture Capital Fund, launched last Friday as part of efforts to boost early-stage financing for startups.

Finance - Mon, April 20, 2026 | 1:40 pm GMT+7

Foreign investors hold over 10% stake in CAEX after capital hike

Foreign investors hold over 10% stake in CAEX after capital hike

Vietnam Prosperity Crypto Asset Exchange JSC (CAEX) has completed a capital increase from VND25 billion to VND10 trillion ($380 million), with foreign investors holding a 10.6% stake.

Finance - Mon, April 20, 2026 | 8:00 am GMT+7