Northern highlands to receive infrastructure investment priority: PM

By Bach Quang
Sun, August 28, 2022 | 3:49 pm GMT+7

Public investment priority should go to expressways, airports and international border gates in the northern highlands, Prime Minister Pham Minh Chinh said Saturday.

This would create new economic impetus, Chinh told a forum held in Lao Cai province on socio-economic development for the region until 2030 with vision until 2045.

Prime Minister Pham Minh Chinh speaks at a forum in Lao Cai province on August 28, 2022. Photo courtesy of the government's portal.

Prime Minister Pham Minh Chinh speaks at a forum in Lao Cai province on August 28, 2022. Photo courtesy of the government's portal.

The northern highlands covers 14 provinces: Lang Son, Cao Bang, Ha Giang, Lao Cai, Lai Chau, Dien Bien, Son La, Bac Giang, Thai Nguyen, Bac Can, Tuyen Quang, Phu Tho, Yen Bai, and Hoa Binh.

The region has an especially important, strategic location in terms of politics, economics, national security and external relations, according to the government. It has potential to develop border trade and holds advantages in trade connections with China and ASEAN.

The northern highlands has mineral resources and strong agriculture, forestry and aquaculture sectors. It is also considered the lung of the nation as it boasts the highest forest coverage rate in the country.

Minister of Transport Nguyen Van The said at the forum that new airports in Lao Cai, Dien Bien and Son La provinces can create breakthroughs for the region.

“Airports are vital to the region’s socio-economic development in the context of many difficulties faced in building roads in mountainous areas. That will help the region attract investment from private companies including Samsung which delivers their products by air across the world,” The said.

The region needs breakthrough infrastructure changes to connect to the center of the Red River Delta, Hanoi, and seaports in Hai Phong, Quang Ninh and China, he added.

The minister noted that the government and localities are making significant infrastructure changes to better connect the region with Hanoi, international border gates and the international seaport Lach Huyen in Hai Phong city.

The transport ministry will also support provinces to invest in new roads or expand some expressways with high traffic like the routes between Yen Bai and Lao Cai provinces, between Hanoi’s Hoa Lac District and Hoa Binh province, and between Son La province’s Moc Chau district and Dien Bien province, he said.

Also Saturday, PM Chinh checked ongoing work on the Sapa airport in Cam Cot commune, Lao Cai. With an investment of VND4,183 billion ($178.6 million), the airport will cover 300 ha in the first phase that will create capacity to handle 1.5 million passengers.

The project is being implemented in the form of a public-private partnership with VND2,990 billion ($127.7 million) coming from private investors. Airport construction began this March. The VND2,765 billion second phase, to be carried out after 2028, will see the airport’s capacity increase to 3 million passengers a year.

The Prime Minister said it should function as be a military-civil airport, and called for studies to connect it with the Noi Bai-Lao Cai Expressway.

Sapa town, home to the airport, is one of Vietnam's most pupular travel destinations.

Comments (0)
  • Read More
Malaysia remains 9th largest global exporter of high-tech products

Malaysia remains 9th largest global exporter of high-tech products

Malaysia successfully maintained its position as the ninth-largest exporter of high-tech goods out of 143 countries worldwide in 2023, the highest recognition it has achieved in the past decade, national news agency Bernama reported.

Southeast Asia - Tue, April 29, 2025 | 10:27 pm GMT+7

Insights into Decision 768 amending Vietnam's power development plan VIII

Insights into Decision 768 amending Vietnam's power development plan VIII

Prime Minister Pham Minh Chinh on April 15 issued Decision 768 approving Vietnam's Amended National Power Development Plan VIII for 2021-2030, with vision to 2050. Anh Dang, a senior partner at Vilaf law firm, offers an insight into the principal amendments to PDP VIII.

Consulting - Tue, April 29, 2025 | 4:36 pm GMT+7

From loss to profit: steel maker SMC sees stock rally, avoids delisting risk

From loss to profit: steel maker SMC sees stock rally, avoids delisting risk

Vietnamese steel manufacturer SMC Trading Investment JSC (HoSE: SMC) has seen its stock price soar nearly 60% since early April after the company turned its 2024 loss into profit over bad debt provision reduction.

Companies - Tue, April 29, 2025 | 3:45 pm GMT+7

Dairy giant TH plans $234 mln factory in southern Vietnam

Dairy giant TH plans $234 mln factory in southern Vietnam

A subsidiary of Vietnam’s dairy giant TH true MILK plans to develop a VND6.07 trillion ($234 million) factory in the southern province of Binh Duong.

Companies - Tue, April 29, 2025 | 3:19 pm GMT+7

Int’l organizations lower Indonesia’s 2025 economic growth forecast

Int’l organizations lower Indonesia’s 2025 economic growth forecast

Several international organizations in April revised their economic growth forecasts for Indonesia, reflecting concerns over escalating global trade tensions and domestic fiscal challenges.

Southeast Asia - Tue, April 29, 2025 | 2:30 pm GMT+7

Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics

Indonesia eyes more partnership with Vietnam in Halal-certified production, cosmetics

Indonesia, a Muslim-majority country, is eager to share its expertise in Halal standards and looks forward to collaborating with Vietnam in sectors such as food processing, cosmetics, tourism, and Halal financial services, said Agustaviano Sofjan, consul general of Indonesia in Ho Chi Minh City.

Companies - Tue, April 29, 2025 | 1:34 pm GMT+7

MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln

MSG producer Vedan Vietnam’s 2024 revenue drops 4% to $166 mln

Food seasoning maker Vedan recorded a revenue of $166 million in Vietnam last year, down 4% year-on-year, according to the 2024 performance review of the Taiwan-headquartered firm.

Companies - Tue, April 29, 2025 | 11:45 am GMT+7

Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem

Vietnam, Japan firms sign deals to develop innovation cooperation ecosystem

Businesses from Vietnam and Japan signed numerous MoUs aimed at developing a cooperation ecosystem in innovation and high-tech industries on the sidelines of a forum in Hanoi on Monday.

Economy - Tue, April 29, 2025 | 11:31 am GMT+7

Vietnam’s VPBank targets 35% annual credit growth over next 5 years

Vietnam’s VPBank targets 35% annual credit growth over next 5 years

Vietnam’s leading private lender VPBank expects to post annual credit growth of 35% over the next five years after taking over weaker lender GPBank, said VPBank chairman Ngo Chi Dung.

Banking - Tue, April 29, 2025 | 8:17 am GMT+7

Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam

Japan seeks to implement 15 energy projects worth over $20 bln in Vietnam

Japan wants to execute 15 projects worth over $20 billion in Vietnam's energy transition field, said Prime Minister Ishiba Shigeru.

Economy - Mon, April 28, 2025 | 11:07 pm GMT+7

Malaysia highlights roles of ASEAN, BRICS in regional cooperation

Malaysia highlights roles of ASEAN, BRICS in regional cooperation

Malaysian Foreign Minister Mohamad Hasan is scheduled to deliver a speech at a dedicated session themed “The Role of the Global South in Reinforcing Multilateralism,” held as part of the BRICS Ministers of Foreign Affairs Meeting in Rio de Janeiro, Brazil, from April 28-29.

Southeast Asia - Mon, April 28, 2025 | 10:10 pm GMT+7

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore is negotiating concessions for pharmaceutical exports to the U.S. while ensuring it still has access to high-end AI chips from the American market, said Singaporean Trade and Deputy Prime Minister Gan Kim Yong.

Southeast Asia - Mon, April 28, 2025 | 10:03 pm GMT+7

Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit

Vietnam’s leading IP builder Idico applies for major bourse listing, targets $100 mln pre-tax profit

Idico Corporation, a major industrial park developer in Vietnam, has applied for listing its shares on the Ho Chi Minh Stock Exchange (HoSE) and kept its 2025 business plan unchanged with a pre-tax profit target of VND2.6 trillion ($100 million).

Companies - Mon, April 28, 2025 | 9:53 pm GMT+7

Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam

Property giant Sun Group commences work on $1.35 bln spiritual tourism complex in central Vietnam

Sun Group, Vietnam's leading real estate developer, on Saturday broke ground on its Am Tien spiritual and historical tourism complex project in the central province of Thanh Hoa.

Real Estate - Mon, April 28, 2025 | 9:30 pm GMT+7

Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years

Vietnam's SHB bank records 'fastest growth in customer satisfaction' for 2 straight years

In the Bank Satisfaction Rankings 2025, Saigon-Hanoi Bank (SHB) not only makes it to the top 10 but also stands out as the bank with fastest growth in customer satisfaction for two consecutive years.

Companies - Mon, April 28, 2025 | 4:19 pm GMT+7

India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam

India's KCP Limited to inject extra $60 mln into sugar, biomass power plants in south-central Vietnam

Indian-invested KCP Vietnam Industries Limited has proposed raising the capacity of its Son Hoa sugar plant to 15,000 tons of sugarcane per day and deploying the 45 MW second phase of its 75 MW KCP Phu Yen biomass power plant, both in Phu Yen province.

Industries - Mon, April 28, 2025 | 3:35 pm GMT+7