National Assembly to mull over 5 major road projects

By Minh Tuong
Sun, May 22, 2022 | 8:20 am GMT+7

The National Assembly’s May-June sitting will consider means of investment for five major road projects.

The five significant projects are Ring Road 4 in Hanoi; Ring Road 3 in Ho Chi Minh City; Bien Hoa-Vung Tau Expressway that will link Dong Nai province’s Bien Hoa town with the southern coastal town of Vung Tau; Khanh Hoa-Buon Ma Thuot Expressway in the Central Highlands and central Vietnam; and Chau Doc-Can Tho-Soc Trang Expressway for Mekong Delta - Vietnam’s biggest food, fisheries and fruit production region.

An artist’s impression of Ring Road 4 in Hanoi. Photo courtesy of Hanoi’s portal.

An artist’s impression of Ring Road 4 in Hanoi. Photo courtesy of Hanoi’s portal.

As proposed, the 113-kilometer Ring Road 4 project, capitalized at more than VND85,800 billion ($3.7 billion), is split into three project groups. Group 1 includes three site clearance sub-projects in Hanoi, and Bac Ninh and Hung Yen provinces. Group 2 consists of three projects on linking roads in the three localities. Group 3 is an expressway in the form of a public-private partnership.

In the southern economic hub of HCMC, the Ring Road 3 project was designed with a 98-kilometer length in the city and the provinces of Dong Nai, Binh Duong and Long An. It would have four sections namely Tan Van-Binh Chuan, Tan Van-Nhon Trach, Binh Chuan-National Highway 22 and National Highway 22-Ben Luc.

The project is expected to ease traffic jams in the megacity and further improve traffic conditions in the southern key economic zone. Some smaller sections of the project have been under construction for years.

The Bien Hoa-Vung Tau Expressway project, proposed with a public-private partnership format, would also promote connectivity in the key economic zone. In an investment plan by the Ministry of Transport, the total capital is about $782.6 million, including nearly $261 million for site clearance and $521.7 million for the first-stage construction.

Meanwhile, in the central region, work on Khanh Hoa-Buon Ma Thuot Expressway is expected to start next year for basic completion in 2025. The 117-kilometer route, proposed by the government as a public-funded project, would start in Khanh Hoa province’s Ninh Hoa town and end in Buon Ma Thuot town, Daklak province.

Khanh Hoa authorities, in a meeting Friday, agreed upon an estimated VND348.5 billion ($15.04 million) from the province’s budget as its financial contribution to the project.

For Mekong Delta, the Chau Doc-Can Tho-Soc Trang Expressway project, as proposed by the Ministry of Transport, would go through Can Tho city, the region’s hub, and the three provinces of An Giang, Hau Giang, and Soc Trang.

Public investment of about VND47 trillion (more than $2 billion) has been proposed for the 188-kilometer route. Construction is set to begin next year, with completion expected by 2025.

The Vietnamese legislative body’s 19-day sitting, which will start on Monday in Hanoi, is also expected to debate and approve five draft laws and look into six other bills, according to its agenda.

They include the amended Law on Insurance Business and the amended Law on Intellectual Property, Vu Minh Tuan, deputy head of the National Assembly Office, told a press meeting in Hanoi on Friday.

Comments (0)
  • Read More
Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Offshore wind power developer CIP seeks long-term cooperation with Vietnam

Copenhagen Infrastructure Partners (CIP), a major Danish renewable energy developer, is seeking to reach long-term cooperation with Vietnamese businesses in the offshore wind power sector.

Energy - Thu, March 27, 2025 | 4:16 pm GMT+7

Vietnam giant VinFast moves to expand EV service in Philippines

Vietnam giant VinFast moves to expand EV service in Philippines

VinFast, Vietnam’s largest electric vehicle (EV) manufacturer, has partnered with MGA.414 Corporation, the operator of the JIGA automotive service chain, to expand its EV service network in the Philippines.

Southeast Asia - Thu, March 27, 2025 | 3:48 pm GMT+7

Vietnam's MobiFone officially launches 5G services

Vietnam's MobiFone officially launches 5G services

MobiFone, one of Vietnam’s leading telecommunications providers, has officially commercialized its 5G services, becoming the third network operator in the country to do so.

Southeast Asia - Thu, March 27, 2025 | 3:45 pm GMT+7

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province

Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.

Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7

Vietnam willing to open doors to US agricultural products: minister

Vietnam willing to open doors to US agricultural products: minister

Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.

Economy - Thu, March 27, 2025 | 3:08 pm GMT+7

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

S Korea chaebol Lotte eyes hypermarket in northern Vietnam

South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.

Industries - Thu, March 27, 2025 | 12:15 pm GMT+7

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam

PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.

Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7

S Korea's SK set to divest from Vietnam's giant Vingroup

S Korea's SK set to divest from Vietnam's giant Vingroup

South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.

Companies - Thu, March 27, 2025 | 11:30 am GMT+7

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

StanChart adjusts USD/VND exchange rate forecast amid changing economic trends

Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.

Economy - Thu, March 27, 2025 | 9:29 am GMT+7

Fund inflows help stabilize Vietnam's stock market: analyst

Fund inflows help stabilize Vietnam's stock market: analyst

As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).

Finance - Thu, March 27, 2025 | 8:30 am GMT+7

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

VSIP begins work on industrial park project in northern Vietnam province Thai Binh

Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.

Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vingroup starts building mega urban project in Vietnam's Mekong Delta

Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.

Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7

Indonesia, China cooperate in digital technology

Indonesia, China cooperate in digital technology

Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.

Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7

Indonesia decides to join BRICS New Development Bank

Indonesia decides to join BRICS New Development Bank

Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.

Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7

Major Vietnamese broker SHS to double charter capital

Major Vietnamese broker SHS to double charter capital

Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.

Companies - Wed, March 26, 2025 | 8:30 pm GMT+7

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam

Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.

Industries - Wed, March 26, 2025 | 5:18 pm GMT+7