PM sets construction, completion deadlines for key transport projects in Vietnam

By Phan Nguyen
Thu, April 13, 2023 | 2:55 pm GMT+7

Prime Minister Pham Minh Chinh has requested the Ministry of Transport and relevant agencies to accelerate work on major projects across the country, and provided deadlines for either construction or completion.

The PM, also head of the Steering Committee for Key National Transport Projects, demanded such acceleration while chairing the 5th session of the committee Wednesday, held to help remove difficulties and obstacles facing key works.

Prime Minister Pham Minh Chinh (middle) chairs the meeting on April 12, 2023. Photo courtesy of the government portal.

Prime Minister Pham Minh Chinh (middle) chairs the meeting on April 12, 2023. Photo courtesy of the government portal.

The committee, at the meeting, reviewed and evaluated the implementation of 31 key national transport projects, including North-South Expressway, East-West Highway connecting six socio-economic regions, the ring roads in Hanoi and Ho Chi Minh City, urban railways in the two largest cities, Long Thanh International Airport in Dong Nai province next to HCMC, and Passenger Terminal T3 at Tan Son Nhat International Airport in HCMC.

Expressway projects under construction, including Mai Son-National Highway 45, Dau Giay-Phan Thiet, and Phan Thiet-Vinh Hao, must be put into operation no later than April 30, the PM said.

For the three expressway projects of Chau Doc-Can Tho-Soc Trang, Bien Hoa-Vung Tau, and Khanh Hoa-Buon Ma Thuot, construction must start by June 30, the government leader said.

June 30 is also the deadline to begin construction of Ring Road 4 in the Hanoi region and Ring Road 3 in the HCMC region.

For the Ninh Binh-Nam Dinh-Thai Binh Expressway project in the three northern provinces, it is necessary to review the investment size, Chinh told the meeting.

An expressway section in northern Vietnam. Photo courtesy of newspaper VnEconomy magazine.

An expressway section in northern Vietnam. Photo courtesy of newspaper VnEconomy magazine.

As for the Long Thanh International Airport project, expected to help ease congestion at Tan Son Nhat International Airport, the PM requested the transport ministry, state agencies and the country’s Committee for the Management of State Capital at Enterprises (CMSC) to work out measures to speed up the construction, ensure quality, and organize open and transparent bidding to select capable contractors for the major project.

The ministry was asked, in coordination with the Ministry of Agriculture and Rural Development, the Ministry of Natural Resources and Environment, and related localities, to submit to the government and the National Assembly a proposal for adjustment of forest and rice cultivation land areas under the North-South Expressway project in the 2021-2025 period.

The Ministry of Planning and Investment was requested to speed up adjustment of the implementation time of the Ben Thanh-Tham Luong Urban Railway Project in HCMC, and appraisal of the investment adjustment of the Tuyen Quang-Phu Tho Expressway project.

The Ministry of Finance was told to work with partners, donors, and related agencies to discuss an agreement for the 4th credit line for the Ben Thanh-Suoi Tien Urban Railway project in HCMC.

The Ministry of Construction was required to rapidly collect appraisals from authorized agencies for sub-projects in Ring Road 4 in the Hanoi region.

The PM requested the Committee for the Management of State Capital at Enterprises to properly select competent contractors for the Passenger Terminal T3 project at Tan Son Nhat Airport.

Comments (0)
  • Read More
State-owned housing developer HUD has new chairman

State-owned housing developer HUD has new chairman

Dau Minh Thanh, chief of the Ministry of Construction (MoC) Office, has been appointed chairman of the ministry’s Housing and Urban Development Corporation (HUD).

Companies - Sun, November 17, 2024 | 9:34 pm GMT+7

Vietnam private lender LPBank reports $394 mln profit in 10 months

Vietnam private lender LPBank reports $394 mln profit in 10 months

Hanoi-based Loc Phat Vietnam Joint Stock Commercial Bank, or LPBank, logged an after-tax profit of VND10 trillion ($394 million) in the first 10 months of this year, said its leadership at the EGM on Saturday.

Banking - Sun, November 17, 2024 | 3:30 pm GMT+7

Vietnam stock market unlikely to experience further steep declines in next sessions: experts

Vietnam stock market unlikely to experience further steep declines in next sessions: experts

The probability of continued sharp falls in the Vietnamese stock market over the next sessions is relatively low, barring unexpected geopolitical turbulences that could cause significant volatility, according experts.

Finance - Sun, November 17, 2024 | 1:30 pm GMT+7

Taiwan’s Cooler Master gets nod for $125 mln additional investment in northern Vietnam

Taiwan’s Cooler Master gets nod for $125 mln additional investment in northern Vietnam

Taiwan-headquartered Cooler Master, a global computer hardware giant, especially in cooling devices, will invest an additional $125 million in the northern province of Bac Ninh, according to a project report.

Industries - Sun, November 17, 2024 | 10:00 am GMT+7

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vingroup’s hospitality arm Vinpearl becomes public company as part of listing plan

Vinpearl JSC, a hospitality subsidiary of conglomerate Vingroup, has completed its registration as a public company, the State Securities Commission of Vietnam (SSC) said on Friday.

Companies - Sun, November 17, 2024 | 9:00 am GMT+7

Vietnam pledges to make more contributions to APEC cooperation

Vietnam pledges to make more contributions to APEC cooperation

APEC leaders adopted a joint statement and endorsed two signature initiatives proposed by host country Peru: the Lima Roadmap to Promote the Transition to Formal and Global Economy and the Ichma Statement on a New Look to Advance the Free Trade Area of the Asia-Pacific.

Politics - Sun, November 17, 2024 | 8:05 am GMT+7

Construction of $2.3 bln central Vietnam LNG power plant to restart in 2026

Construction of $2.3 bln central Vietnam LNG power plant to restart in 2026

Construction of the 1,500-MW Hai Lang Power Center project in Quang Tri province will restart on January 1, 2026, the project investor has informed local authorities.

Energy - Sun, November 17, 2024 | 8:00 am GMT+7

PM arrives in Brazil, beginning trip to attend G20 Summit

PM arrives in Brazil, beginning trip to attend G20 Summit

Prime Minister Pham Minh Chinh, his spouse and a high-ranking delegation of Vietnam arrived in Rio de Janeiro, Brazil on November 16 afternoon (local time), beginning their three-day visit to attend the G20 Summit and have bilateral meetings.

Politics - Sun, November 17, 2024 | 7:30 am GMT+7

Vietnam-China partnership to enable export of Kim Long brand cars

Vietnam-China partnership to enable export of Kim Long brand cars

Vietnam’s Kim Long Motor and Futa Group have struck a strategic cooperation agreement with China’s Dongfem Dana that will enable the production and export of cars under the Kim Long brand, executives said Friday.

Companies - Sat, November 16, 2024 | 7:13 pm GMT+7

Northern Vietnam province attracts $124 mln investment from Taiwan firm

Northern Vietnam province attracts $124 mln investment from Taiwan firm

Taiwan-based Nien Made Enterprise Co., Ltd. will invest $124.1 million to make furniture accessories at Phu Ha Industrial Park in the northern province of Phu Tho.

Industries - Sat, November 16, 2024 | 7:01 pm GMT+7

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Vietnam’s first LNG-fired power plants to enter commercial operation in Jun-Sept 2025

Nhon Trach 3 and Nhon Trach 4, Vietnam’s first LNG-to-power plants, will begin commercial operations in June and September 2025, respectively, says project investor PV Power.

Energy - Sat, November 16, 2024 | 3:20 pm GMT+7

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes spends $276 mln on buying back 162 mln shares, more than half to go

Vinhomes, the largest housing developer in Vietnam, has spent around VND7 trillion ($275.7 million) on implementing its record buyback plan since kick-starting it on October 23.

Finance - Sat, November 16, 2024 | 1:21 pm GMT+7

Indonesia secures funding for green power infrastructure at COP29

Indonesia secures funding for green power infrastructure at COP29

Indonesia has attracted EUR1.2 billion ($1.26 billion) worth of green funding for the electricity sector from Germany’s Kreditanstalt für Wiederaufbau (KfW) at the 29th UN Climate Change Conference of the Parties (COP29) in Baku, Azerbaijan.

Southeast Asia - Sat, November 16, 2024 | 10:10 am GMT+7

Hanoi-based fledgling firm spends $12.3 mln on buying 17.2 mln shares of lender VIB

Hanoi-based fledgling firm spends $12.3 mln on buying 17.2 mln shares of lender VIB

Hanoi-based Quang Kim Development and Investment JSC acquired 17.2 million shares of Vietnam International Commercial Joint Stock Bank (HoSE: VIB) on Monday.

Banking - Sat, November 16, 2024 | 9:47 am GMT+7

Vietnam can utilize Trump’s policies to enhance position in global supply chains: experts

Vietnam can utilize Trump’s policies to enhance position in global supply chains: experts

Vietnam can take the advantage of protectionist economic policies by Donald Trump, the 47th president of the U.S., to strengthen its position in global supply chains, attract foreign investment, and drive sustainable economic growth, write Dr. Tran Ngoc Mai and Prof. Dr. Doan Ngoc Thang, lecturers at the Banking Academy of Vietnam.

Economy - Sat, November 16, 2024 | 9:30 am GMT+7

Former provincial Party chiefs receive warnings for Thuan An Group-related violations

Former provincial Party chiefs receive warnings for Thuan An Group-related violations

The Politburo, Vietnam’s highest decision-making body, has issued warnings to Nguyen Xuan Ky, former Party chief of Quang Ninh province, and Bui Van Cuong, former Party chief of Dak Lak province, for violations related to Thuan An Group.

Politics - Sat, November 16, 2024 | 9:24 am GMT+7