Vietnam to build 360 km of North-South Expressway this year
The North-South Expressway is over 2,000 km in length and runs through dozens of cities and provinces from the north to the south of the country.
The government has set a target of completing 650 km of the North-South Expressway, one of the country’s most important infrastructure projects, by 2024, of which 360 km will be done in 2022.
At at a meeting on the eastern session of the North-South Expressway, Deputy Prime Minister Le Van Thanh said the phase one of the project is “well underway”. “The site clearance is basically completed, and the source of construction materials meets our demand. The construction to date is 30% compete.
For the second phase, over the past month, the project management board signed the contract on consultant selection, made the feasibility study report, assessed the environmental impact, and developed the policy framework. Four out of 12 localities that the expressway run through have set up steering committees and councils for compensation and resettlement support.
However, Thanh stated that some tasks have not yet met the progress requirements. A huge volume of phase-one work remains undone. “This year, we have to complete 360 km of expressway, but many projects for this aim have seen only 30% of construction work fulfilled. That means the remaining 70% needs to be finished in nine months.”
Meanwhile, for the second phase of the project, eight localities have not yet established a steering committee and council for compensation and support for resettlement.
Thanh noted that he would not allow the overall progress of the North-South Expressway project to lag behind the schedule. “In 2024, 654 km must be completed, of which 360 km must be done in 2022, including sections Mai So-National Highway 45, Cam Lo-La Son, Vinh Hao-Phan Thiet, and Phan Thiet-Dau Giay.”
Thanh directed localities to complete the proposed compensation and resettlement support framework before April 8, and complete the environmental impact assessment report before April 18. “The 12 North-South expressway projects in the phase two will be appraised and approved before June 30 and all construction starts before December.”
At the meeting, Deputy Minister of Transport Nguyen Duy Lam said the North-South Expressway project phase two, including sections Ha Tinh-Quang Tri (267 km), Quang Ngai-Nha Trang (353 km) and Can Tho-Ca Mau (109 km), with a total length of about 729 km, passes through 12 provinces and cities. The total investment is estimated at VND147 trillion ($6.44 billion) in the form of public investment, which is divided into 12 component projects. These projects are scheduled to be basically completed in 2025 and put into operation from 2026.
The North-South Expressway is over 2,000 km in length and runs through dozens of cities and provinces from the north to the south of the country.
- Read More
Firms need legal clarity, non-criminalization of business risks to invest boldly: lawyer
Businesses will only commit to large-scale investments and long-term strategies when the legal framework is transparent and consistent, without mechanical criminalization of business risks, said a lawyer at Baker & McKenzie.
Economy - Tue, April 14, 2026 | 8:58 am GMT+7
Generational transition must strengthen, not just transfer, leadership: SHB bank vice chairman
Do Quang Vinh, vice chairman of Vietnamese private bank SHB, said generational transition in Vietnamese companies should focus on strengthening capabilities rather than simply transferring authority, as firms enter a new phase of development.
Companies - Mon, April 13, 2026 | 10:33 pm GMT+7
Vietnam’s textile giant Vinatex posts 31% profit jump in Q1, braces for potential trade risks
Vietnam National Textile and Garment Group (UPCoM: VGT) reported Q1 profit rising 31% year-on-year, as improved yarn margins and stable garment orders helped offset a volatile global backdrop.
Companies - Mon, April 13, 2026 | 5:07 pm GMT+7
Private sector – 'one most important growth driver': legislator
After 40 years of Doi moi (reform), Vietnam's private sector has surged to become one of the most important growth drivers, helping build a more autonomous, self-reliant and resilient economy, says Phan Duc Hieu, a member of the National Assembly's Economic and Financial Committee.
Economy - Mon, April 13, 2026 | 4:37 pm GMT+7
Vietnam conglomerate Thaco’s 2025 profit jumps 65% to $251 mln
Vietnamese conglomerate Thaco posted strong earnings growth in 2025, with net profit from its core operations surging over 65% on the back of its real estate segment, according to newly released disclosures from Singapore-based shareholder Jardine Matheson.
Companies - Mon, April 13, 2026 | 2:58 pm GMT+7
Vietnamese private economic groups: Achievements, efforts and paradoxes
If we place Vietnam's private sector in the context of the region and the world, a clear paradox emerges: numerous but not yet strong, dynamic but not yet profound, making significant contributions but maintaining a modest position in the global value chain, writes Dau Anh Tuan, deputy secretary general of the Vietnam Federation of Commerce and Industry (VCCI).
Economy - Mon, April 13, 2026 | 1:57 pm GMT+7
Dung Quat oil refinery operator BSR posts strong Q1 profit amid energy market volatility
Binh Son Refining and Petrochemical JSC (HoSE: BSR), the operator of Vietnam’s first oil refinery Dung Quat, reported estimated Q1 net profit of nearly VND3.35 trillion ($127.1 million), more than eight times higher than a year earlier, despite global energy market disruptions linked to Middle East tensions.
Companies - Mon, April 13, 2026 | 11:57 am GMT+7
The Investor to host conference '40 years of reform: The leading role of economic groups' today
The Investor (www.theinvestor.vn) and Nha dau tu (www.nhadautu.vn) will host a conference titled "40 years of reform: The leading role of economic groups" at 1:30 p.m. Monday, April 13 in Hanoi.
Economy - Mon, April 13, 2026 | 11:15 am GMT+7
Unlocking and mobilizing resources for the development of Vietnam’s leading economic groups in new growth era
Only when a development structure where large firms lead, SMEs diffuse growth, and the State enables development is formed, can Vietnam build a sufficiently strong enterprise foundation for a new growth model, write deputy director Dr. Bui Thanh Minh and researcher Tran Duc Anh at the Private Sector Development Research Board (Board IV) Office.
Economy - Mon, April 13, 2026 | 8:00 am GMT+7
VinSpeed starts work on Hanoi-Quang Ninh high-speed railway project
VinSpeed High-Speed Railway Investment and Development JSC, an arm of Vietnam’s leading private conglomerate Vingroup, on Sunday broke ground on the Hanoi-Quang Ninh high-speed railway project in Quang Ninh province, northern Vietnam.
Infrastructure - Sun, April 12, 2026 | 3:58 pm GMT+7
Investment deal signed for $2 bln LNG power project in central Vietnam
The Trung Nam-Sideros River consortium on Friday signed a business and investment contract for the VND57.4 trillion (approximately $2.18 billion) Ca Na LNG-fired thermal power plant project, unlocking new development momentum for an integrated energy-industrial complex in the south-central province of Khanh Hoa.
Energy - Sun, April 12, 2026 | 1:49 pm GMT+7
Vietnam's taxi operator Vinasun forecasts 16% profit fall amid tough competition
Vietnam's major taxi operator Vinasun expects profit to decline further in 2026 even as it plans to modestly grow revenue and upgrade its fleet, highlighting the continued pressure from ride-hailing platforms and rising operating costs.
Companies - Sun, April 12, 2026 | 10:26 am GMT+7
Vietnam banks cut deposit rates as state lenders join easing trend
Vietnamese banks have begun lowering deposit rates in a coordinated move following guidance from the State Bank of Vietnam, with major state-owned lenders joining the trend to help steer market conditions.
Banking - Sun, April 12, 2026 | 8:00 am GMT+7
Sun Group, Dragone partner to elevate Vietnam’s live entertainment scene
Sun Group on Friday entered into a strategic partnership with Dragone, a Belgium-based creator and producer of large-scale live entertainment, marking a new chapter for Vietnam’s cultural and entertainment industry and the beginning of a flagship show envisioned for APEC 2027.
Companies - Sat, April 11, 2026 | 9:05 pm GMT+7
BIN Corporation proposes $3 bln high-tech project in central Vietnam
BIN Corporation, a Vietnamese multi-sector group headquartered in Ho Chi Minh City, has proposed to invest $3 billion in an AI data, renewable energy, and high-tech workforce training complex in the central province of Dak Lak.
Industries - Sat, April 11, 2026 | 5:17 pm GMT+7
Gelex Electric plans 75% bonus share issue to boost capital
Gelex Electric (HoSE: GEE) plans to issue 274.4 million bonus shares to existing shareholders in a move to increase its charter capital by 75%.
Companies - Sat, April 11, 2026 | 10:08 am GMT+7


















