High-speed train may add 1 ppt to Vietnam’s annual GDP growth: ministry

High-speed train may add 1 ppt to Vietnam’s annual GDP growth: ministry

A future trans-Vietnam high-speed railway is expected to contribute one percentage point to the country’s annual economic growth in the 2025-2037 period, a report has shown.

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

S Korea can share high-speed railway technology with Vietnam: official

S Korea can share high-speed railway technology with Vietnam: official

South Korea is willing to facilitate the trans-Vietnam high-speed railway project by sharing relevant expertise and experience, said Korea National Railway chairman Lee Seong-hae.

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

Japanese firm Toyo plans sustainable aviation fuel production in Vietnam

Japanese firm Toyo plans sustainable aviation fuel production in Vietnam

Nihon Toyo, a Japanese renewables major, plans to up its Vietnam investment, especially in the production of sustainable aviation fuel (SAF).

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

World Bank to finance 4 railway projects in Vietnam

World Bank to finance 4 railway projects in Vietnam

The World Bank plans to finance four railway projects in Vietnam, according to a Friday discussion between Vietnam’s Ministry of Transport and the bank's representatives.

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

WB willing to finance Vietnam’s railway sector

WB willing to finance Vietnam’s railway sector

The World Bank has surveyed and is willing to finance some railway projects in Vietnam, said Kathy Whimp, operations manager for the World Bank in Vietnam, at a Monday meeting with Deputy Minister of Transport Nguyen Danh Huy.

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

Vietnam gov’t mulls special package for high-speed railway

Vietnam gov’t mulls special package for high-speed railway

The Vietnamese government is considering a package of special mechanisms for the construction of a colossal high-speed railway that will run the length of the country.

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

Vietnam needs $16.3 bln for airport network development: minister

Vietnam needs $16.3 bln for airport network development: minister

Vietnam needs up to VND400 trillion ($16.32 billion) to implement its 2021-2030 airport network development plan, with several localities wanting aviation connectivity, said Minister of Transport Nguyen Van Thang.

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

Investors shy away from Vietnam's transport public-private partnerships

Investors shy away from Vietnam's transport public-private partnerships

Investors have shown little interest in entering public private partnerships (PPP) for transport infrastructure projects in Vietnam over concerns of high risks and low profitability, Minister of Transport Nguyen Van Thang has stated.

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

No subsidy for rich electric car buyers: finance ministry

No subsidy for rich electric car buyers: finance ministry

Vietnam’s Ministry of Finance has said a firm no to a Transport Ministry proposal that $1,000 be given in aid for each electric vehicle (EV) purchase.

Companies - 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

Transport ministry to include Can Gio port in national plan

Transport ministry to include Can Gio port in national plan

Vietnam’s Ministry of Transport plans to add the Can Gio transshipment port in Ho Chi Minh City to the 2021-2030 (vision until 2050) national seaport development plan.

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

Turkish giant IC Holding seeks to join Long Thanh airport project

Turkish giant IC Holding seeks to join Long Thanh airport project

Private Turkish conglomerate IC Holding is looking to join the mega Long Thanh airport project in Vietnam’s southern province of Dong Nai as passenger terminal contractor.

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

Aviation authority seeks to add 9 airports to 2021-2030 planning

Aviation authority seeks to add 9 airports to 2021-2030 planning

The Civil Aviation Authority of Vietnam (CAAV) has proposed the addition of nine airports to the planning for 2021-2030, with vision to 2050.

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

Dau Giay-Phan Thiet expressway must be completed by April 30: minister

Dau Giay-Phan Thiet expressway must be completed by April 30: minister

Newly-appointed Minister of Transport Nguyen Van Thang has asked the investor of the Dau Giay-Phan Thiet Expressway linking Dong Nai and Binh Thuan provinces to complete the project by April 30, or be penalized.

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

$1.25 bln Danang airport upgrade to handle 30 mln passengers

$1.25 bln Danang airport upgrade to handle 30 mln passengers

The central city of Danang plans to mobilize VND30,999 billion ($1.25 billion) for upgrading and tripling its airport’s capacity to 30 million passengers a year by 2050.

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

Vietnam needs $5 bln in private capital for airport infrastructure this decade

Vietnam needs $5 bln in private capital for airport infrastructure this decade

Vietnam needs to mobilize VND128,115 billion ($5.15 billion) from the private sector toward airport infrastructure in 2021-2030, the Ministry of Transport said Friday.

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

Khanh Hoa seeks to build one more airport

Khanh Hoa seeks to build one more airport

Khanh Hoa province is seeking permission to have a second airport, located in the Van Phong Economic Zone, as part of a special development mechanism granted by the parliament.

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

Lower speed proposed for North-South Railway project over efficiency concerns

Lower speed proposed for North-South Railway project over efficiency concerns

A maximum speed of 320 kilometers per hour for the North-South Express Railway as proposed by the transport ministry might lead to investment inefficiency, says the project consultant.

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

Vietnam invests $2.76 bln in metro, only one in Hanoi operates

Vietnam invests $2.76 bln in metro, only one in Hanoi operates

Vietnam has invested VND66,011 billion ($2.76 billion) in the metro systems of Hanoi and Ho Chi Minh City in the past decade, but only Cat Linh-Ha Dong urban railway in the capital city has entered operation.

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

Transport ministry proposes PPP projects to expand six airports

Transport ministry proposes PPP projects to expand six airports

The Ministry of Transport has proposed the government allows six airports in Son La, Nghe An, Quang Nam, Thanh Hoa, Lam Dong province and Can Tho city to be expanded per public-private partnership (PPP) format.

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

Transport ministry seeks 10-lane southern Vietnam expressway

Transport ministry seeks 10-lane southern Vietnam expressway

The Ministry of Transport has asked state-owned Vietnam Expressway Development Investment Corporation (VEC) to consider widening Ho Chi Minh City-Long Thanh-Dau Giay Expressway to 10 lanes, instead of the eight proposed by the investor.

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

Long Thanh airport must operate first flight in September 2025: ministry

Long Thanh airport must operate first flight in September 2025: ministry

The Airports Corporation of Vietnam (ACV) is set to operate the first flight at Long Thanh airport on September 2, 2025, National Day, according to the Ministry of Transport.

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

Son La suggests another airport as private-public partnership project

Son La suggests another airport as private-public partnership project

The Son La administration has proposed that another airport in the northern highlands province, serving both civil and military purposes, be included in the national airports development plan.

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

Vietnam may reconsider multi-billion-dollar express rail project

Vietnam may reconsider multi-billion-dollar express rail project

Vietnam’s proposed national high-speed railway project, shelved a few years ago due to hefty cost estimates, may be implemented over the next ten years to bolster its ailing rail network.

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