North-South expressway’s eastern section to open in 2025

By Dinh Nguyen, Tri Duc
Sun, July 2, 2023 | 7:00 am GMT+7

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.

A section of the Mai Son-National Highway 45 Expressway connecting Ninh Binh and Thanh Hoa provinces in northern and central region of Vietnam. Photo by The Investor/Song Lam.

A section of the Mai Son-National Highway 45 Expressway connecting Ninh Binh and Thanh Hoa provinces in northern and central region of Vietnam. Photo by The Investor/Song Lam.

Under Resolution 100, the parliament asked the Ministry of Transport to reform administrative procedures, shorten investment procedures, speed up construction of transport infrastructure investment projects, especially projects of national importance and other key projects of the transport sector, while ensuring quality and efficiency.

The National Assembly also requested the ministry to closely coordinate with other ministries, sectors and localities to promptly handle difficulties and obstacles in site clearance, citizen resettlement, relocation of technical infrastructure and waste disposal areas. It was also asked to ensure sufficient material resources for important transport infrastructure projects in the Mekong Delta region.

Besides, the ministry should quickly compile and submit regulations on toll collection for expressways that have used the state budget, it directed.

The ministry must submit, by the end of this year, specific and feasible solutions to completely solve problems and inadequacies in some build-operate-transfer (BOT) projects.

Resolution 100 envisages that by 2025, Vietnam will have about 3,000 kilometers of expressways and basically open the eastern section of the North-South expressway.

The ministry should also submit to the National Assembly the government’s investment policy for the North-South high-speed railway project.

Another target is to improve efficiency in the use of state budget capital, remove difficulties and obstacles and maximize non-state resources. The resolution calls for the application of diverse, flexible investment contracts under the public-private partnership (PPP) format in accordance with advantages of different sectors.

The parliament has also asked the ministry to promote the logistics industry to reduce costs for businesses and increase the contribution of logistics services to the economy towards making the Vietnamese economy more competitive.

Another task is to synchronously plan and invest in public transport systems, especially urban and inter-provincial railways, in accordance with a roadmap to limit the use of personal vehicles in large urban areas.

A model of urban development associated with public transport under the transit-oriented development (TOD) model should be piloted.

Easier vehicle registration

The ministry should also review and complete the legal framework on vehicle registration, thereby improving the effectiveness and efficiency of state management and making the process more convenient for people and businesses.

For this, it should promote private services and step up application of information technology in vehicle registration in order to ensure synchronization, publicity and transparency.

Towards preventing corruption, inspections should be strengthened and the sector must strictly handle individuals and organizations that commit violations in the registration process.

The ministry should also build a strict control mechanism to prevent corruption in training, testing and issuing driver licenses; as also stop the provision of driving licenses for incompetent people.

Comments (0)
  • Read More
Maersk opens its first bonded warehouse in Vietnam

Maersk opens its first bonded warehouse in Vietnam

Denmark's integrated transport and logistics giant A.P. Moller - Maersk (Maersk) on Thursday opened its first bonded warehouse in Vietnam at SLP Park, Nam Dinh Vu Industrial Park in Hai Phong city.

Industries - Thu, October 31, 2024 | 11:44 pm GMT+7

ABBank incurs $14 mln loss in Q3

ABBank incurs $14 mln loss in Q3

Hanoi-headquartered An Binh Commercial Joint Stock Bank reported a pre-tax loss of VND343.5 billion ($13.59 million) in the third quarter of this year, while some other private Vietnamese banks posted strong profits.

Banking - Thu, October 31, 2024 | 9:29 pm GMT+7

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Vietnam’s emergence as regional manufacturing hub a significant logistics opportunity: SuperPort exec

Southeast Asia’s rise as a vital logistics hub with Vietnam positioned as a key manufacturing center presents a significant business opportunity, says Yap Kwong Weng, CEO of Vietnam SuperPort.

Companies - Thu, October 31, 2024 | 9:01 pm GMT+7

Indonesia steps up support for textile industry

Indonesia steps up support for textile industry

Indonesia’s President Prabowo Subianto held a close-door meeting with several ministers on Tuesday to discuss the current situation of Indonesia's textile industry, particularly focusing on textile giant Sri Rejeki Isman (Sritex).

Southeast Asia - Thu, October 31, 2024 | 6:01 pm GMT+7

Thailand speeds up plans to construct six new airports

Thailand speeds up plans to construct six new airports

Thailand’s Transport Ministry is accelerating development and construction projects on six airports with an aim to become the region's transportation hub.

Southeast Asia - Thu, October 31, 2024 | 6:00 pm GMT+7

Thailand develops eco-friendly seaport model

Thailand develops eco-friendly seaport model

Thailand is striving to implement environmental protection and social sustainability solutions in developing the country’s major infrastructure projects, such as the development of Phase 3 of Laem Chabang Port, Thailand's only deep-sea port.

Southeast Asia - Thu, October 31, 2024 | 5:58 pm GMT+7

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia intensifies oil palm cultivation to meet biodiesel demand

Indonesia is expanding its oil palm cultivation to increase crude palm oil (CPO) production as a raw material for 50% biodiesel (B50), according to the country’s Ministry of Agriculture.

Southeast Asia - Thu, October 31, 2024 | 5:56 pm GMT+7

Malaysia’s first domestic EV model opens for booking

Malaysia’s first domestic EV model opens for booking

The Malaysian multinational automotive company Proton's first electric vehicle (EV), the e.MAS 7, is now open for booking.

Southeast Asia - Thu, October 31, 2024 | 5:54 pm GMT+7

Thailand aims to become emerging leader in AI

Thailand aims to become emerging leader in AI

Thailand is positioning itself as an emerging leader in artificial intelligence (AI) regulation and development, thanks to policies that support an approach that balances technological innovation with ethical considerations and workforce protection.

Southeast Asia - Thu, October 31, 2024 | 5:53 pm GMT+7

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnam PM calls for more investment from Qatar’s $475 bln sovereign wealth fund

Vietnamese Prime Minister Pham Minh Chinh has called on the Qatar Investment Authority (QIA), Qatar's sovereign wealth fund with total assets amounting to $475 billion as of 2023, to ramp up its investment in Vietnam.

Industries - Thu, October 31, 2024 | 4:43 pm GMT+7

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

FPT Retail earns $6.5 mln in Q3 profit, to expand FPT Shop chain

Vietnamese retail major FPT Retail made a profit after tax of VND165 billion ($6.52 million) in the third quarter of this year, while it incurred a loss of VND13 billion ($514,000) in the same period last year.

Companies - Thu, October 31, 2024 | 3:56 pm GMT+7

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE opens rep office for $4.6 bln offshore wind project in central Vietnam

Germany’s PNE AG, a leading developer of renewable energy projects, has shown its determination to proceed with a mega offshore wind power project in central Vietnam by opening a representative office there.

Energy - Thu, October 31, 2024 | 2:43 pm GMT+7

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian energy giant ACWA Power ready to invest $5 bln in Vietnam

Saudi Arabian private energy giant ACWA Power stands ready to invest up to $5 billion in Vietnam, a senior executive said Wednesday.

Industries - Thu, October 31, 2024 | 2:39 pm GMT+7

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

Effective M&A deal depends on thorough understanding, value addition potential: Kido exec

An effective M&A transaction depends on fully understanding the company being acquired in order to create added value, says Kido Group CEO Tran Le Nguyen.

Companies - Thu, October 31, 2024 | 1:22 pm GMT+7

No budget apartments in Vietnam, chronic supply-demand gap widens

No budget apartments in Vietnam, chronic supply-demand gap widens

Vietnam saw no supply or transaction of low-cost apartments priced below VND25 million ($988) per square meter in the third quarter, says a real estate report by the Ministry of Construction.

Real Estate - Thu, October 31, 2024 | 1:10 pm GMT+7

Vietnam steel major SMC remains bogged down with difficulties

Vietnam steel major SMC remains bogged down with difficulties

Steel manufacturer SMC Trading Investment JSC has been actively selling assets to generate cash for debt repayment and maintain operations since the beginning of this year.

Companies - Thu, October 31, 2024 | 10:41 am GMT+7