Ninh Binh-Hai Phong expressway construction must begin this year: Deputy PM
Deputy Prime Minister Le Van Thanh said Tuesday that construction of the Ninh Binh-Hai Phong expressway should start this year.
The six-lane 79km expressway will run through the northern provinces of Ninh Binh (18 km), Thai Binh (32.7 km) and Nam Dinh (28.7 km) before reaching Hai Phong City.
“The expressway is of great significance as it will be a corridor connecting cities and provinces to airports and seaports, creating momentum for the development of southern Hanoi, the Red River Delta and the north-central region as a whole,” he told local authorities.
The project is expected to be implemented as a public-private partnership (PPP).
Cau Gie-Ninh Binh Expressway in northern Vietnam. Photo courtesy of Dau tu newspaper.
The Thai Binh People’s Committee, which is the state agency managing the project, noted that project will abide by the Prime Minister Pham Minh Chinh’s request to avoid urban areas and crowded zones to reduce site clearance costs.
Earlier this month, the Prime Minister had asked the four northern localities to study investment in the Ninh Binh-Hai Phong Expressway as a PPP project due to state budget constraints.
- Related News
- Read More
Vietnam spends $1.8 bln on coal imports in Q1, mainly for power plants
Vietnam spent more than $1.8 billion importing 17.27 million tons of coal in Q1, primarily to fuel thermal power plants, according to the General Department of Customs.
Economy - Mon, May 5, 2025 | 10:24 pm GMT+7
Vietnam’s utility major REE records 27% net profit growth in Q1 on power segment surge
Private utility firm REE Corporation posted strong profit growth in Q1, primarily driven by a significant improvement in its power segment compared to the same period last year.
Companies - Mon, May 5, 2025 | 10:00 pm GMT+7
Vietnam to hold first round of trade talks with US on Wednesday
Vietnam will hold its first round of negotiations with the U.S. on bilateral trade Wednesday, Prime Minister Pham Minh Chinh said at the ongoing session of the country's parliament.
Economy - Mon, May 5, 2025 | 4:40 pm GMT+7
Nestlé Vietnam announces new investment in flagship coffee plant
Nestlé will make an additional investment of $75 million to expand its Nestlé Tri An plant in the southern Vietnam province of Dong Nai, bringing its total investment in the facility over 2024-2025 to $175 million.
Companies - Mon, May 5, 2025 | 4:35 pm GMT+7
Vietnam legislature’s ongoing session to mark 'historic breakthrough in institutional reform'
The National Assembly's session which opened on Monday morning will make a critical step forward in institutional reform, paving the way for a new era of modernization, digital transformation, green growth, and sustainable development, said the parliament's Chairman Tran Thanh Man.
Politics - Mon, May 5, 2025 | 3:53 pm GMT+7
Business confidence in Vietnam drops to 44-month low over US tariff concerns: S&P Global
Business confidence in Vietnam dropped sharply in April to the lowest since August 2021, as manufacturers were concerned about the impact of U.S. tariffs on production in the months ahead, according to S&P Global.
Economy - Mon, May 5, 2025 | 3:24 pm GMT+7
Ford distributor City Auto chairman’s wife plans $5 mln buy to become major shareholder
Ngo Thi Hanh, wife of Ford distributor City Auto (HoSE: CTF) chairman Tran Ngoc Dan, has registered to buy 6 million CTF shares to increase her ownership to 6.4%, according to the Ho Chi Minh Stock Exchange (HoSE).
Companies - Mon, May 5, 2025 | 11:41 am GMT+7
HCMC street retail spaces vacant despite rent cuts
Street retail spaces in Ho Chi Minh City, Vietnam's economic hub, continue to face persistent vacancies, as they struggle to compete with modern retail spaces that offer a wider array of goods and services.
Real Estate - Mon, May 5, 2025 | 11:14 am GMT+7
State-controlled giant Vietnam Rubber Group reports strong Q1 profit on high latex prices
Vietnam Rubber Group-JSC reported a net profit of VND1,184 billion ($45.5 million) in Q1/2025, 2.5 times higher than Q1/2024, which was largely driven by sustained high rubber latex prices amid rising global demand and tight supply.
Companies - Mon, May 5, 2025 | 8:22 am GMT+7
KRX trading system to go live on Monday: A 'pivotal milestone' for Vietnam's market status upgrade
The official launch of the new KRX trading system on May 5, after more than a decade of preparations, will mark a pivotal turning point for Vietnam’s stock market status upgrade, said Nguyen Duy Hung, chairman of leading broker Saigon Securities Inc. (SSI).
Finance - Sun, May 4, 2025 | 10:02 pm GMT+7
Vietnam distributor of Chinese EVs reports big profit growth in Q1
Vietnam’s TMT Motors Corporation (HoSE: TMT), the distributor of Chinese electric vehicle brand Wuling, reported VND33.76 billion ($1.3 million) in Q1 after-tax profit, about 125 times higher than Q1/2024.
Companies - Sun, May 4, 2025 | 7:38 pm GMT+7
Vietnamese EV maker VinFast signs loans worth $190 mln for Indonesia plant
VinFast, the electric vehicle arm of Vietnam's leading private conglomerate Vingroup, has secured a long-term syndicated loan agreement worth IDR1.85 trillion ($110 million) and an $80 million accordion facility from two Indonesian banks to finance the construction of its plant in Indonesia.
Companies - Sun, May 4, 2025 | 12:55 pm GMT+7
Vietnam's logistics major Transimex targets 20% profit growth in 2025
Transimex, a top logistics firm in Vietnam, targets net profit of over VND204 billion ($7.8 million) for 2025, up 20% year-on-year, on revenue of over VND3.36 trillion ($129.2 million), up 1%.
Companies - Sun, May 4, 2025 | 12:23 pm GMT+7
Vietnam's retail giant Petrolimex seeks foreign partnership in green energy technologies
Vietnam's biggest gasoline retailer Petrolimex has started selling biofuels and is actively seeking opportunities to partner with international players to invest in green energy technologies. Chau Anh reports.
Companies - Sun, May 4, 2025 | 9:37 am GMT+7
Vietnam's major tire maker Danang Rubber to be supplier of EV maker VinFast
Danang Rubber JSC (DRC), a subsidiary of Vietnam’s state-owned chemical giant Vinachem, will develop a dedicated line of electric vehicle (EV) tires while rolling out products to support its new partnership with the country's leading EV manufacturer VinFast.
Companies - Sun, May 4, 2025 | 8:00 am GMT+7
Vietnam’s VN-Index world’s second-worst performer in Apr amid US tariff turmoil
Vietnam’s benchmark VN-Index dropped by more than 80 points, or 6.2%, in April, ranking as the second-worst performing stock index globally, according to data compiled by IndexQ.
Finance - Sat, May 3, 2025 | 6:48 pm GMT+7
