PM sets construction, completion deadlines for key transport projects in Vietnam
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.
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.
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.
- Read More
Vietnam one of the most dynamic, important pharma markets in Southeast Asia: Sandoz exec
Vietnam is one of the most dynamic and important pharma markets in Southeast Asia, and Sandoz, a Switzerland-headquatered global leader in generic and biosimilar medicines, has decided to invest massively in the country, said Charaf Eddine Kadri, general director of Sandoz Vietnam.
Executive Talk - Mon, December 23, 2024 | 8:36 am GMT+7
Noi Bai, Tan Son Nhat airport terminals to be completed in 2025: investor ACV
The T3 passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City will be completed by April 30, 2025, two months ahead of schedule, while the expansion of the T2 passenger terminal at Noi Bai International Airport in Hanoi is slated for completion next year.
Infrastructure - Mon, December 23, 2024 | 8:23 am GMT+7
Vietnam’s benchmark VN-Index to reach 1,400-1,420 points in 2025: broker
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), may hit 1,400-1,420 points in 2025, driven by an 18% market-wide profit growth and a price-to-earnings (P/E) ratio of 12.5-13x, according to broker MBBank Securities (MBS).
Finance - Sun, December 22, 2024 | 7:52 pm GMT+7
HCMC's first metro line officially operational after nearly 2 decades
The first urban railway line in Ho Chi Minh City, named Ben Thanh-Suoi Tien, officially started commercial operations on Sunday after nearly two decades of waiting.
Infrastructure - Sun, December 22, 2024 | 2:17 pm GMT+7
Vietnam's 2025 GDP to grow 6.5% on robust infrastructure investment, consumer spending recovery: VinaCapital
Domestic factors, including a ramp-up in Government infrastructure spending, a revival of the real estate market, and a recovery of consumer spending, will help sustain Vietnam's GDP growth at a circa 6.5% pace next year, in-line with the National Assembly’s official target and with 2024 GDP growth, write Michael Kokalari, chief economist at VinaCapital.
Consulting - Sun, December 22, 2024 | 2:00 pm GMT+7
Vietnam shipping, seaport stock rally driven by rosy outlook in 2025
Many shipping and port stocks have risen sharply since November on an optimistic outlook for the industry driven by increasing throughput and a shift in container shipping alliances in 2025.
Companies - Sun, December 22, 2024 | 10:00 am GMT+7
Singapore’s Platinum Victory seeks to raise stake in Vietnam’s REE to nearly 45%
Singaporean fund Platinum Victory Pte. Ltd. has registered to buy another 16.8 million shares in Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (REE), aiming to increase its ownership to nearly 45%.
Finance - Sun, December 22, 2024 | 9:29 am GMT+7
1.8 km road connecting Lach Huyen Port terminals to be built in northern Vietnam
The Hai Phong Economic Zone Management Board has taken a significant step forward in enhancing infrastructure around Lach Huyen Port by establishing a council to appraise the environmental impact assessment for the road connecting terminals No. 3 to No. 6.
Economy - Sun, December 22, 2024 | 8:00 am GMT+7
Hanoi TikToker internationally wanted for involving in multi-billion-dollar scam
Hanoi police have issued an international arrest warrant for Le Khac Ngo, known as "Mr. Hunter," a key accomplice in a recently-dismantled massive foreign exchange and securities fraud ring.
Society - Sat, December 21, 2024 | 10:57 pm GMT+7
Unlocking Phu Quoc’s potential to become the 'Hawaii of the East'
Leading global tourism companies have remarked that Phu Quoc has "yet to receive the recognition it deserves," despite its impressive and unexpected growth rate.
Travel - Sat, December 21, 2024 | 7:20 pm GMT+7
Thai central bank maintains policy interest rate at 2.25%
The Thai Chamber of Commerce (TCC) has said it backs the decision by the Bank of Thailand, the country's central bank, to maintain the policy interest rate at 2.25%, considering the move as suitable for a reviving economy.
Southeast Asia - Sat, December 21, 2024 | 5:43 pm GMT+7
Vietnam's military-run tech giant Viettel strikes big deals at international defence expo
Subsidiaries of Military Industry and Telecommunications Group (Viettel) signed a string of significant contracts with major global partners during the first two days of the Vietnam International Defence Expo 2024 in Hanoi.
Companies - Sat, December 21, 2024 | 5:36 pm GMT+7
Taiwan’s Wistron acquires 37ha land lot in northern Vietnam for expansion
Taiwan-headquartered Wistron, a top electronics provider and an Apple supplier, will further its investment in Vietnam’s northern province of Ha Nam by acquiring another 37.1-hectare land lot.
Companies - Sat, December 21, 2024 | 2:08 pm GMT+7
VAFIE seeks to promote sci-tech development, intellectual property policies
The Vietnam’s Association of Foreign Invested Enterprises (VAFIE) aims to enhance policies for the development of science, technology, and intellectual property, creating a more conducive investment environment.
Companies - Sat, December 21, 2024 | 1:59 pm GMT+7
Vietnamese dong likely to depreciate 3% in 2025: VinaCapital
The Vietnamese dong is likely to depreciate 3% in 2025 on anticipation that the US Dollar/DXY Index will finish 2025 nearly unchanged, says Michael Kokalari, chief economist at Vietnam's leading fund manager VinaCapital.
Economy - Sat, December 21, 2024 | 11:23 am GMT+7
First luxury railway journey across Vietnam features Indochine architecture
PYS Travel has launched the first luxury railway journey across Vietnam named Sjourney, marking a new milestone in the railway tourism sector.
Travel - Sat, December 21, 2024 | 10:09 am GMT+7