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.
At the meeting in the Mekong Delta city of Can Tho, he also said that authorities were preparing to kick off the second phase of the North-South Expressway later this year.
Voters asked the PM about the slow progress of many transport infrastructure projects including the Long Thanh InternationalAirport, the eastern session of the North-South Expressway and others in the southern region and the Mekong Delta.
The PM said slow progress would lead to capital spillover and wastefulness and urged localities to strengthen their role in implementing projects, especially in site clearance.
Mai Son-National Highway 45 sub-project of North-South Expressway under construction. Photo courtesy of Intellectual newspaper.
Emphasizing the year’s achievements, the PM noted that the Cao Bo-Mai Son, La Son-Tuy Loan, Ha Long-Van Don, Van Don-Mong Cai, and Trung Luong-My Thuan expressways had opened to traffic.
Meanwhile, in a report to the National Assembly, the Transport Ministry said six of 10 sub-projects of the North-South expressway were behind schedule.
Specifically, the Mai Son-National Highway 45 sub-project was 69.5% complete, 1.5% behind schedule; and the Dien Chau-Bai Vot sub-project, a public-private partnership (PPP), was 13.7% complete, 7.7% behind the schedule.
The ministry attributed the delays to unfavorable weather conditions, surging prices of input materials, the Covid-19 pandemic, and sluggish site clearance.
The state budget has allocated VND47,831 billion ($1.98 billion) for the 2018-2022 first phase of the North-South Expressway, including VND15,484 billion this year. As of mid-September 2022, the disbursed amount was VND40,365 billion, or 84.4% of the plan, according to the report.
Four sub-projects of the North-South Expressway's first phase, namely Mai Son-National Highway 45, Cam Lo-La Son, Vinh Hao-Phan Thiet, and Phan Thiet-Dau Giay, were 66.9% complete as of early September, or 2.5% behind the schedule, due to unfavorable weather conditions and insufficient financial resources of contractors, the ministry said.
It added that 12 sub-projects of the North-South Expressway's second phase were scheduled to kick off in December. All relevant documents for these would be completed in November.
- Read More
VinSpeed, Thaco vie for investment role in North-South high-speed railway
Several major Vietnamese companies, including Vingroup subsidiary VinSpeed and automaker Thaco, are vying for a role in Vietnam’s gigantic North-South high-speed railway project.
Infrastructure - Fri, November 28, 2025 | 5:14 pm GMT+7
Finnish fund PYN Elite raises VN-Index forecast to 3,200 points
PYN Elite (Finland), one of the largest foreign funds in the Vietnamese stock market, has revised up its forecast for the benchmark VN-Index to 3,200 points, much higher than the 1,690.99 recorded on Friday.
Finance - Fri, November 28, 2025 | 4:49 pm GMT+7
Mind the gap
Without stronger digital and physical networks, global productivity will falter at precisely the moment the world needs new engines of growth, writes Benjamin Hung, president, International, Standard Chartered.
Consulting - Fri, November 28, 2025 | 3:49 pm GMT+7
Alliance claiming $100 bln investment for trans-Vietnam high-speed railway 'uncontactable'
An alliance between Mekolor, a relatively unknown Vietnamese company, and American entity Great USA, which claimed it could mobilize $100 billion for the North-South high-speed railway project, could not be contacted, said standing Deputy Prime Minister Nguyen Hoa Binh.
Infrastructure - Fri, November 28, 2025 | 3:19 pm GMT+7
Mitsui eyes new opportunites in Vietnam's energy sector, projects related to carbon emission reduction
Mitsui & Co., Ltd. plans to expand its investment in Vietnam in the energy sector and projects related to carbon emission reduction, president and CEO Kenichi Hori told Prime Minister Pham Minh Chinh at a Thursday meeting in Hanoi.
Industries - Fri, November 28, 2025 | 2:39 pm GMT+7
Russian heavyweight Zarubezhneft seeks to build energy center in Vietnam
Zarubezhneft, a wholly state-owned oil & gas group of Russia, wants to develop an energy center in Vietnam, as it seeks to expand into other fields including energy and minerals.
Energy - Fri, November 28, 2025 | 1:08 pm GMT+7
Carlsberg Vietnam accelerates its path toward net-zero emission in production by 2028 with stronger renewable-energy commitments
As Vietnam advances toward its 2050 net-zero vision, businesses are expected to play a decisive role in enabling the country’s green transition. At the Green Economy Forum 2025, Carlsberg Vietnam shared how a long-standing FDI enterprise is reshaping its operations and energy strategy to align with Vietnam’s sustainability goals.
Companies - Fri, November 28, 2025 | 11:52 am GMT+7
PV Power says profit may fall in 2026 despite higher output due to extreme weather
PV Power (HoSE: POW), a subsidiary of state-owned energy giant Petrovietnam, expects electricity output to rise next year, but says profit may decline from this year’s strong results due to increasingly erratic weather conditions.
Companies - Fri, November 28, 2025 | 9:00 am GMT+7
Decoding the attraction of 'A.I Real Combat' contest broadcast on Vietnam Television
Vietnam’s first national artificial intelligence competition, 'A.I Thực chiến' (A.I Real Combat), aired its opening round at 8 p.m. Wednesday on state broadcaster VTV2, with a rebroadcast on VTV3 two days later.
Companies - Thu, November 27, 2025 | 8:17 pm GMT+7
Foxconn Industrial Internet’s Vietnam revenue jumps 83% on automation, digitalization: CEO
Foxconn Industrial Internet (FII), a unit of Taiwanese electronics giant Foxconn, saw revenue from its new-technology applications in Vietnam rise 83% in the past fiscal year while headcount increased only 20%, driven by automation and digitalization.
Companies - Thu, November 27, 2025 | 4:56 pm GMT+7
SHB bank sees development drivers from capital-raising strategy, opportunities to attract foreign inflows
The upcoming capital-hike strategy is expected to position Saigon-Hanoi Bank (SHB) among the Top 4 private banks in Vietnam by charter capital, helping the lender maintain its competitive advantage via robust capital strength.
Banking - Thu, November 27, 2025 | 4:33 pm GMT+7
Vietnam's consumer finance major F88 launches first public bond issuance with 10% annual coupon
F88, a leading consumer finance company in Vietnam, has received regulatory approval for its first public bond issuance, offering a fixed annual coupon of 10% - a level seen as attractive amid low bank deposit rates and softer corporate bond yields.
Companies - Thu, November 27, 2025 | 4:16 pm GMT+7
Technology, innovation, digital transformation will drive Vietnam to high-income, developed-economy status by 2045: PM
Science-technology, innovation, and digital transformation will be key drivers for Vietnam to become a developed, high-income economy by 2045, Prime Minister Pham Minh Chinh said at a policy dialogue with World Economic Forum (WEF) managing director Stephan Mergenthaler.
Economy - Thu, November 27, 2025 | 3:25 pm GMT+7
220kV transmission line energized to facilitate electricity imports from Laos to Vietnam
National Power Transmission Corporation (EVNNPT) and the Central Power Projects Management Board (CPMB), in coordination with relevant units, on Wednesday successfully energized the 220kV Tuong Duong-Do Luong transmission line in the central province of Nghe An, facilitating the imports of electricity from Laos to Vietnam.
Companies - Thu, November 27, 2025 | 2:32 pm GMT+7
Government allows eligible Vietnamese citizens to enter Phu Quoc, Ho Tram, Van Don casinos
Vietnam has allowed eligible Vietnamese citizens to gamble at the Phu Quoc, Ho Tram and Van Don casinos starting November 26, per a government resolution issued on Tuesday.
Economy - Thu, November 27, 2025 | 2:02 pm GMT+7
HCMC signs partnership deals with World Economic Forum, blockchain giant Binance
Ho Chi Minh City on Wednesday issued a joint statement with the World Economic Forum (WEF) on an initiative to promote smart manufacturing and responsible industrial transformation in Vietnam, while signing an MoU with Binance to promote the development of the country's International Financial Center.
Economy - Thu, November 27, 2025 | 11:28 am GMT+7




















