Work to start on 12 North-South Expressway projects this December

By Huong Dung
Thu, December 1, 2022 | 5:05 pm GMT+7

Vietnam will start construction of 12 North-South Expressway projects in the 2021-2025 period and T3 passenger terminal at Tan Son Nhat International Airport in Ho Chi Minh City in December.

The 12 North-South Expressway projects, with a combined investment of VND147 trillion ($6 billion), includes 267 kilometers from Ha Tinh to Quang Tri and 353 kilometers from Quang Ngai to Nha Trang in central Vietnam and 109 kilometers from Can Tho to Ca Mau in the Mekong Delta region.

Currently, appraisal and approval of technical design documents and estimates for bidding packages have completed.

Localities have approved compensation plans for 1,700 hectares, accounting for 28% of the total area to be recovered; and disbursed more than VND2.21 trillion ($90.17 million), or 31% of the capital allocated for 2022.

A North-South Expressway section. Photo courtesy of VnEconomy

A North-South Expressway section. Photo courtesy of VnEconomy

In the last month of the year, the North-South Expressway’s Cam Lo-La Son section linking Quang Tri and Thua Thien-Hue is expected to be put into operation, while technical runs are set to be launched on three other sections, namely Mai Son-National Highway 45 in Ninh Binh and Thanh Hoa provinces, Vinh Hao-Phan Thiet in Binh Thuan province, and Phan Thiet-Dau Giay in Binh Thuan and Dong Nai provinces.

Meanwhile, the Airports Corporation of Vietnam (ACV) plans to start construction of Tan Son Nhat International Airport’s T3 passenger terminal in December. The VND10.99 trillion ($448.4 million) project was approved by the government with a capacity of 20 million passengers a year, aiming to ease load for the airport’s T1 terminal.

ACV will also kick off construction of a runway, a taxiway and an apron under the Long Thanh International Airport project in neighbouring Dong Nai province. The project has completed the construction of fences and mine clearance.

Comments (0)
  • Read More
Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities

Vietnam dong likely to narrow slide by end-2024: Vietcombank Securities

Vietnamese currency dong (VND) is likely to appreciate against the U.S. dollar towards the year-end, narrowing its year-to-date depreciation, analysts with Vietcombank Securities say.

Banking - Wed, May 8, 2024 | 4:00 pm GMT+7

Testing food packaging is a vital step toward ensuring food safety and hygiene: exec

Testing food packaging is a vital step toward ensuring food safety and hygiene: exec

Packaging types that come into direct contact with food are at risk of becoming contaminated with dangerous compounds which are potentially harmful to human health, said Devender Singh, global innovation & technical development leader of food testing company Eurofins Sac Ky Hai Dang Company Limited.

Companies - Wed, May 8, 2024 | 3:34 pm GMT+7

Green products key for An Phat Bioplastics to dominate market: chairman

Green products key for An Phat Bioplastics to dominate market: chairman

An Phat Bioplastics JSC, listed on the Ho Chi Minh Stock Exchange (HoSE) as AAA and a subsidiary of Hanoi-headquartered An Phat Holdings, will focus on researching and developing new products to diversify its green product portfolio and quickly dominate export markets, said its chairman Nguyen Le Thang Long.

Executive Talk - Wed, May 8, 2024 | 2:24 pm GMT+7

Vietnam logistics firms small but dynamic: insider

Vietnam logistics firms small but dynamic: insider

Foreign-invested enterprises hold the lion's share of Vietnam's logistics market, but domestic firms are becoming more dynamic despite their small scale, said Duong Quang Duy, CEO of VietAviation Logistics.

Economy - Wed, May 8, 2024 | 1:37 pm GMT+7

Vietnam high tech sector appealing to FDI firms: analysts

Vietnam high tech sector appealing to FDI firms: analysts

High technology is continuing to attract foreign-invested enterprises in Vietnam this year, which in turn will give a boost to the country’s economic growth, analysts have said.

Industries - Wed, May 8, 2024 | 10:18 am GMT+7

Indian chemicals giant Kanoria eyes deep-water port, oil refinery investments in central Vietnam

Indian chemicals giant Kanoria eyes deep-water port, oil refinery investments in central Vietnam

Kanoria Chemicals & Industries Ltd., one of the leading manufacturers of chemical intermediates and specialties in India, has shown interest in the Bai Goc deep-water port project located in Nam Phu Yen Economic Zone, Vietnam’s central province of Phu Yen.

Infrastructure - Wed, May 8, 2024 | 10:06 am GMT+7

Greenback surge hurts Vietnamese importers, firms with dollar debts

Greenback surge hurts Vietnamese importers, firms with dollar debts

Vietnamese businesses with dollar-denominated loans and/or those that are heavily reliant on imports have been badly hurt by the greenback’s surge against the local VND currency.

Companies - Wed, May 8, 2024 | 8:11 am GMT+7

Singapore Airlines switches to sustainable aviation fuel use

Singapore Airlines switches to sustainable aviation fuel use

Singapore Airlines has ordered 1,000 tonnes of sustainable aviation fuel (SAF) from refiner Neste, which is the airlines’s first purchase of low-carbon jet fuel from the Finland-based refinery.

Southeast Asia - Tue, May 7, 2024 | 10:20 pm GMT+7

Canada considers Southeast Asia gateway to Indo-Pacific

Canada considers Southeast Asia gateway to Indo-Pacific

The Canadian Chamber of Commerce and the Export Development Canada (EDC) have co-organised a forum in Montreal, discussing the nation’s gateway to the Indo-Pacific, which groups 40 countries whose economic activities are worth close to $50 billion.

Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7

Thailand to increase daily minimum wage

Thailand to increase daily minimum wage

Thai Prime Minister Srettha Thavisin on Tuesday defended his plan to introduce a nationwide daily minimum wage of THB400 ($10.88) as a necessary move for the economy.

Southeast Asia - Tue, May 7, 2024 | 10:19 pm GMT+7

Indonesia to build AI development centre with $200 million investment

Indonesia to build AI development centre with $200 million investment

Indonesia will have an artificial intelligence (AI) development centre with an investment of $200 million.

Southeast Asia - Tue, May 7, 2024 | 10:18 pm GMT+7

Philippines develops economic zones

Philippines develops economic zones

Philippine President Ferdinand Marcos Jr. has said various economic zones in the country are open to all foreign investors and hoped that foreign companies can seize the business and trade opportunities from these economic zones.

Southeast Asia - Tue, May 7, 2024 | 10:17 pm GMT+7

Indonesia’s first EV battery factory expected to come into operation next month

Indonesia’s first EV battery factory expected to come into operation next month

Indonesian President Joko Widodo (Jokowi) has told the media that the first electric vehicle (EV) battery factory in the country will begin operating in June.

Southeast Asia - Tue, May 7, 2024 | 10:15 pm GMT+7

Samsung willing to pay more under global minimum tax scheme in Vietnam

Samsung willing to pay more under global minimum tax scheme in Vietnam

South Korean conglomerate Samsung stands ready to pay more taxes in Vietnam in line with the Global Minimum Tax (GMT) roadmap, Dong Thi Hong Anh, chief accountant of its Vietnam operations said Tuesday.

Companies - Tue, May 7, 2024 | 7:29 pm GMT+7

Vietnam central bank sells $500-700 mln forex to cool dollar fever

Vietnam central bank sells $500-700 mln forex to cool dollar fever

Vietnam’s central bank is estimated to have sold foreign currency worth $500-700 million via spot transactions to help rein in the recent surge of the greenback.

Banking - Tue, May 7, 2024 | 4:24 pm GMT+7

Vietnam coffee company chief bemoans lack of cooperation on rising freight costs

Vietnam coffee company chief bemoans lack of cooperation on rising freight costs

Coffee buyers and sellers need to work together to deal with recent global volatility, otherwise export enterprises will struggle to survive, writes Phan Minh Thong, general director of Phuc Sinh Group, a leading Vietnamese coffee exporter.

Companies - Tue, May 7, 2024 | 4:15 pm GMT+7