Legislators discuss major road projects
Hanoi’s Ring Road 4 and Ho Chi Minh City’s Ring Road 3 are among significant traffic projects to Vietnam’s development and up for discussion at the ongoing National Assembly sitting Monday.
Legislative body members are set to hear reports on investment schemes for the two projects, as well as the expressway projects of Chau Doc-Can Tho-Soc Trang in Mekong Delta, Khanh Hoa-Buon Ma Thuot in the central region, and Bien Hoa-Vung Tau in the southern key economic zone, whose hub is Ho Chi Minh City.
An artist’s impression of Ring Road 4 in Hanoi and adjacent areas. Photo courtesy of the project planning unit.
The government has proposed Ring Road 4 in the Hanoi region to have a total length of 112.8 kilometers, running through the capital and provinces of Hung Yen and Bac Ninh. The Ring Road 3 project in HCMC would be 76.34 kilometers long and connect the economic hub with Dong Nai, Binh Duong, and Long An.
For Ring Road 4, the preliminary total investment in phase one is about VND85,813 billion (around $3.7 billion), planned to include both state budget and enterprise capital, which means the build-operate-transfer (BOT) form.
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 government plans to implement the two significant projects from 2022 to 2027. It expects the legislative body to allow a series of special mechanisms and policies to conduct investments.
- Related News
- Read More
Vietnam, Japan agree to target $5 bln annual investment, $60 bln trade by 2030
Prime Ministers Le Minh Hung of Vietnam and Takaichi Sanae of Japan have signed six bilateral co-operation documents following summit talks at the Government headquarters.
Economy - Sat, May 2, 2026 | 4:01 pm GMT+7
Vietnam's top dairy producer Vinamilk posts Q1 profit of nearly $93 mln
Vinamilk (HoSE: VNM) reported a net profit of nearly VND2.46 trillion ($93.26 million) in the first quarter of 2026, up 55% from the same period last year, as the dairy producer met about a quarter of its full-year target after three months.
Companies - Sat, May 2, 2026 | 3:26 pm GMT+7
Vietnamese PM hosts welcome ceremony for Japanese counterpart
Prime Minister Le Minh Hung on Saturday morning hosted an official welcome ceremony for Japanese Prime Minister Takaichi Sanae, who is on a three-day official visit to Vietnam.
Politics - Sat, May 2, 2026 | 12:37 pm GMT+7
PV Oil completes 81% of full-year profit target in Q1
PV Oil, a subsidiary of state-owned Petrovietnam, reported a sharp surge in first-quarter earnings, achieving 81% of its full-year profit target within the first three months of 2026, driven largely by favorable inventory dynamics.
Companies - Sat, May 2, 2026 | 8:17 am GMT+7
Major players eye Vietnam’s wastewater treatment market
Vietnam’s wastewater treatment sector is entering a transition phase as a growing number of large corporations signal plans to enter or expand investments, driven by rising environmental infrastructure demand and expectations of clearer wastewater pricing mechanisms.
Companies - Sat, May 2, 2026 | 8:00 am GMT+7
Work on $92 mln eco-urban resort project starts in northern Vietnam tourist hotspot
A consortium of Hong Phong ID Co. Ltd. and Ecopark Hai Duong JSC has broken ground on a VND2.42 trillion ($91.97 million) eco-urban tourism project in Vietnam's northern border province of Lao Cai.
Real Estate - Fri, May 1, 2026 | 9:08 pm GMT+7
Royal Shore Beachclub announces grand opening in Hoi An
Royal Capital Group on Thursday announced the grand opening of its newest beachfront destination, set along the pristine coastline of Hoi An.
Travel - Fri, May 1, 2026 | 6:48 pm GMT+7
Novaland posts Q1 profit of $33 mln, shares hit three-year high
Novaland (HoSE: NVL) reported a strong turnaround in the first quarter of 2026, swinging to a net profit of VND860 billion ($32.63 million) from a loss a year earlier, as revenue doubled on increased property handovers.
Companies - Fri, May 1, 2026 | 3:09 pm GMT+7
Vinaconex, Vietjet have new CEOs
Vietnamese construction heavyweight Vinaconex on Wednesday appointed deputy CEO Pham Thai Duong as CEO and legal representative, replacing Nguyen Xuan Dong.
Companies - Fri, May 1, 2026 | 2:41 pm GMT+7
Japanese retailer Aeon Mall to build another shopping center in northern Vietnam
Japan’s Aeon Mall is set to invest nearly $150 million in a shopping mall project in the northern province of Bac Ninh, marking a further push into Vietnam’s fast-growing industrial localities.
Industries - Fri, May 1, 2026 | 10:59 am GMT+7
Hyosung Vina raises $7.6 mln in unsecured bond sale
Hyosung Vina Chemicals, the Vietnam arm of South Korean chaebol Hyosung, has completed a VND200 billion ($7.59 million) domestic bond issuance, according to disclosures on the Hanoi Stock Exchange.
Companies - Fri, May 1, 2026 | 10:16 am GMT+7
Vietnam central bank to add new metrics to oversee banking activity
The State Bank of Vietnam is proposing a set of new prudential metrics to strengthen oversight of banking operations, replacing the traditional loan-to-deposit ratio (LDR) with a broader framework aligned with Basel III standards.
Banking - Fri, May 1, 2026 | 8:00 am GMT+7
From national reunification to aspiration for an integrated development space
In 1975, Vietnam united the country through determination and a shared aspiration for independence. Today, in a very different context, the country faces a new challenge: unifying its market through institutional reform, writes Dr. Nguyen Sy Dung, former deputy head of the Office of the National Assembly - the country's legislature.
Economy - Thu, April 30, 2026 | 10:27 pm GMT+7
Vietjet seeks deeper engagement in Vietnam's aviation infrastructure development
Vietjet, Vietnam’s first private airline, has proposed earlier and broader participation in Vietnam’s airport planning and infrastructure development, as the budget carrier looks to expand its role beyond flight operations into ground services and logistics.
Companies - Thu, April 30, 2026 | 9:42 pm GMT+7
Vietnamese giants kick off 4 mega projects in HCMC
The Ho Chi Minh City People’s Committee on Wednesday held a groundbreaking ceremony for four large-scale projects invested by Vietnamese conglomerates including Vingroup, Sun Group and Truong Hai Group (Thaco).
Economy - Thu, April 30, 2026 | 8:01 pm GMT+7
Vingroup starts work on $2.2 bln int'l university township in southern Vietnam
Vietnam’s conglomerate Vingroup (HoSE: VIC) on Wednesday broke ground on a VND59 trillion ($2.24 billion) international university township in Ho Chi Minh City.
Real Estate - Thu, April 30, 2026 | 12:38 pm GMT+7
