Northern highlands to receive infrastructure investment priority: PM
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.
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.
- Read More
Central Vietnam province Gia Lai okays 3 large-scale wind power projects
Gia Lai province has granted in-principle approvals to three large-scale wind power projects with total registered capital mounting to VND19.35 trillion ($734.9 million).
Energy - Fri, October 24, 2025 | 12:01 pm GMT+7
HCMC pushes for early investment in Thu Thiem-Long Thanh railway project
The Ho Chi Minh City People’s Committee has emphasized the need for early investment and operation of a railway connecting Thu Thiem in the metropolis with Long Thanh International Airport in neighboring Dong Nai province.
Infrastructure - Fri, October 24, 2025 | 10:49 am GMT+7
Vietnam to let foreign investors place orders directly via global brokers
Vietnam plans to allow foreign investors to place orders directly through global brokerage firms, a move aimed at easing access to its stock market after a long-awaited upgrade to "secondary emerging" market status, a top regulator said.
Finance - Fri, October 24, 2025 | 8:28 am GMT+7
Vietnam business lobby urges easing of football betting limits
Vietnam’s leading business lobby VCCI has called on the government to sharply ease limits on international football betting and relax foreign ownership rules to make the industry more appealing to investors.
Finance - Thu, October 23, 2025 | 9:30 pm GMT+7
Powering growth from within
The development of a strong domestic private sector is essential for building a resilient, independent, and self-reliant economy that is less dependent on state-owned enterprises or foreign investment, writes Tim Evans, CEO of HSBC Vietnam.
Economy - Thu, October 23, 2025 | 9:09 pm GMT+7
Vietnam's stock market regulator appoints 2 new vice chairpersons
The State Securities Commission of Vietnam (SSC) has appointed Nguyen Hoang Duong and Le Thi Viet Nga as its new vice chairpersons.
Finance - Thu, October 23, 2025 | 4:14 pm GMT+7
Vinhomes chairman appointed CEO of VinSpeed
Pham Thieu Hoa, chairman of Vinhomes, has been appointed CEO of VinSpeed, a newly established company specializing in railway construction.
Companies - Thu, October 23, 2025 | 3:40 pm GMT+7
De Heus, Hung Nhon to invest $380 mln in high-tech agriculture hub in southern Vietnam
Dutch agribusiness group Royal De Heus and Vietnam’s Hung Nhon Group plan to invest VND10 trillion ($380 million) to develop a high-tech agricultural ecosystem in Tay Ninh province between 2025 and 2030.
Industries - Thu, October 23, 2025 | 2:35 pm GMT+7
Consumer finance major F88’s credit rating upgraded on improved funding capability, liquidity
Vietnamese credit ratings agency FiinRatings has upgraded F88's credit rating from “BBB-” to “BBB”, with a “stable” outlook, citing the company's enhanced capital-raising ability and improved liquidity position.
Companies - Thu, October 23, 2025 | 2:00 pm GMT+7
Vietnam's benchmark VN-Index could surpass 2,000 points in 2026: exec
VN-Index could top 2,000 points next year, said Huynh Minh Tuan, founder of FIDT - a Ho Chi Minh City-based investment consulting firm.
Finance - Thu, October 23, 2025 | 10:55 am GMT+7
Key factors helping firms export to demanding markets: DH Foods exec
Don’t treat business as a week-to-week or month-to-month affair. To go the distance, you must conduct business ethically, writes Nguyen Trung Dung, CEO of DH Foods.
Consulting - Thu, October 23, 2025 | 8:00 am GMT+7
Gold exchange, gold derivatives, gold ETFs proposed to be launched in Vietnam
Forming a gold exchange under state management in Vietnam is suitable to the reality, said Dao Xuan Tuan, head of the foreign exchange management department under the State Bank of Vietnam (SBV).
Finance - Wed, October 22, 2025 | 9:00 pm GMT+7
Real estate major Novaland wins key approval for $5 bln project in central Vietnam
Novaland Group (HoSE: NVL), one of Vietnam’s leading property developers, has received investment approval for its flagship project worth $5 billion in the central province of Lam Dong after years of delay due to legal obstacles.
Real Estate - Wed, October 22, 2025 | 4:20 pm GMT+7
Vietnam's plastics heavyweights Tien Phong, Binh Minh report profit surges
Tien Phong Plastic (HNX: NTP) recorded pre-tax profit of nearly VND949 billion ($36.04 million) in the first nine months of the year, exceeding its full-year target by 10.85%, while Binh Minh Plastic (HoSE: BMP) achieved record net profit of VND350 billion ($13.29 million) in Q3, surpassing its VND330 billion milestone set in the previous quarter.
Companies - Wed, October 22, 2025 | 4:17 pm GMT+7
Vietnam, Finland firms sign multiple MoUs on satellite, cybersecurity, aviation partnerships
A series of cooperation agreements were signed between Vietnam and Finland on Tuesday, within the framework of Party chief To Lam's official visit to Helsinki, while bilateral relationship was lifted to a "strategic partnership".
Economy - Wed, October 22, 2025 | 12:43 pm GMT+7
Trung Nam Ca Na seeks to convert agri-forest land for $147 mln industrial park in central Vietnam
Industrial park developer Trung Nam Ca Na is seeking approval to convert about 170 hectares of agricultural and forest land for the construction of a VND3,875 billion ($147 million) project in Vietnam’s central coastal province of Khanh Hoa.
Industrial real estate - Wed, October 22, 2025 | 10:54 am GMT+7
















