Lawmakers endorse 2 major ring road investments
An artist’s impression of Ring Road 4 in Hanoi and adjacent areas. Photo courtesy of the project planning unit.
National Assembly delegates on Thursday approved investment policies for Hanoi’s Ring Road 4 and Ho Chi Minh City’s Ring Road 3, two of the most significant traffic infrastructure projects in Vietnam’s development process.
Ring Road 4 in the Hanoi region will have a total length of 112.8 kilometers, running through the capital and neighboring provinces of Hung Yen and Bac Ninh.
Ring Road 3 in HCMC will be 76.34-kilometers long and connect the southern economic hub with Dong Nai, Binh Duong, and Long An provinces.
The total coast for Ring Road 4 is about VND85,813 billion (around $3.7 billion), planned to include both state budget and private capital. Construction is set to start this year and expected to be complete in 2027.
A bird's eye view of new roads in Thu Duc city on the outskirts of Ho Chi Minh City, where Ring Road 3 will surround. Photo courtesy of Vietnam News Agency.
For Ring Road 3 in HCMC, the total investment in phase one is about VND75,378 billion ($3.25 billion) using 100% state budget, including roughly half from the national budget.
The metropolitan administration will take the lead in carrying out the Ring Road 3 project. It will work with authorities of Dong Nai, Binh Duong, and Long An to complete project plans for government approval, said Tran Quang Lam, director of the HCMC Department of Transport.
"This July will be for making feasibility studies. The fourth quarter of this year will see the handover of project boundaries to implement compensation and resident resettlement work. Groundbreaking for the project is set for the end of 2023," he added.
- Read More
Maintaining market status upgrade a bigger challenge: official
Vietnam's stock market status will be upgraded by FTSE Russell from "frontier" to "secondary emerging" from September 21 next year, but continued reform is critical as the bigger challenge is to maintain the new classification, said a market watchdog official.
Finance - Sat, October 18, 2025 | 1:30 pm GMT+7
HCMC partners with Nasdaq to develop int’l financial center
The Finance Department of Vietnam’s southern metropolis Ho Chi Minh City has signed an MoU with the U.S.-based stock exchange Nasdaq on the development of an international financial center (IFC).
Top News - Sat, October 18, 2025 | 11:56 am GMT+7
Vingroup plans $325 mln issuance of international bonds
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) has announced a board of directors resolution to issue $325 million worth of international bonds, with a five-year term and a yield of 5.5% per year.
Companies - Sat, October 18, 2025 | 10:26 am GMT+7
Vietnam raises personal income tax deductions by over 40%
The Standing Committee of Vietnam’s National Assembly, the country's legislature, on Friday approved a resolution on adjusting personal income tax (PIT) deductions, marking a significant increase of over 40% from current levels.
Economy - Sat, October 18, 2025 | 9:11 am GMT+7
EVN subsidiary spreads the spirit of solidarity, compassion
The employees of National Power Transmission Corporation (EVNNPT) came together in an inspiring display of unity and compassion in October, each donating one day’s salary to support and express solidarity with the people of Cuba - a nation that has long shared a special friendship with Vietnam.
Companies - Sat, October 18, 2025 | 9:00 am GMT+7
Property fever prompts tighter inspection in central Vietnam's economic hub Danang
Chairman of Danang city People’s Committee, Pham Duc An, has ordered a comprehensive inspection and audit of land valuation and auction activities to prevent and address market manipulation that could destabilize the local property market.
Real Estate - Sat, October 18, 2025 | 8:00 am GMT+7
Vietnam mulls opening door for private investment in small modular reactors
Vietnam’s Ministry of Industry and Trade has drafted a parliamentary resolution that, for the first time, would allow private companies to participate in the development of small modular nuclear reactors (SMRs).
Energy - Fri, October 17, 2025 | 4:37 pm GMT+7
Kido seeks buyer for remaining 49% stake in frozen food affiliate
Kido Group (HoSE: KDC), a leading food company in Vietnam, has approved a plan to divest the firm's remaining 49% stake in its affiliate Kido Frozen Food JSC (Kido Foods).
Companies - Fri, October 17, 2025 | 4:25 pm GMT+7
Le Ngoc Quang appointed Danang city's Party chief
Le Ngoc Quang, a Party Central Committee member and Party chief of Quang Tri province, has been appointed Party chief of Danang for the 2025-2030 term - the highest position in the city, central Vietnam's economic hub.
Politics - Fri, October 17, 2025 | 4:17 pm GMT+7
T&T Group seeks to reshape north-central Vietnam’s urban landscape with major projects
Multi-sector conglomerate T&T Group is developing a model eco-urban complex in Ha Tinh province and plans to build a massive 236-hectare urban area in neighboring Nghe An, with an aim to reshape north-central Vietnam's urban landscape.
Investing - Fri, October 17, 2025 | 2:44 pm GMT+7
Toyota plans $359 mln plant expansion in northern Vietnam
Toyota Motor Vietnam (TMV) plans to invest about VND9.46 trillion ($359.2 million) in the first phase of its plant expansion project in Phu Tho province.
Investing - Fri, October 17, 2025 | 2:09 pm GMT+7
PVI Insurance sees 9-month profit before tax more than doubling
PVI Insurance has reaffirmed its position as the No. 1 non-life insurer in Vietnam, with total revenue increasing nearly 1.4 times in the first nine months of 2025 and pre-tax profit more than doubling year-on-year - surpassing its full-year targets for both revenue and profit.
Companies - Fri, October 17, 2025 | 9:08 am GMT+7
Vingroup to develop 4,600ha coastal urban project in northern Vietnam
A consortium of Vingroup (HoSE: VIC) and its real estate arm Vinhomes (HoSE: VHM) will develop a 4,600-hectare coastal urban complex in Ha An ward, Quang Ninh province, following local authorities’ approval of a zoning plan.
Real Estate - Fri, October 17, 2025 | 8:30 am GMT+7
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.
Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7
Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles
Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.
Energy - Thu, October 16, 2025 | 9:04 pm GMT+7
Vietnam to soon raise taxpayers' personal deduction: official
The personal income tax deduction in Vietnam is "very likely" to increase to VND21.7 million ($823,940) per month, including VND15.5 million (588,530) for the taxpayer and VND6.2 million ($235,410) for each dependent.
Finance - Thu, October 16, 2025 | 6:25 pm GMT+7
