The east and west economic corridors of Vietnam will become the strategic backbone for the decade’s national master plan in order to revitalise spatial development, lure more investment resources, and enable breakthrough growth.

Despite some obstacles, the Government is determined to complete 654 kilometers of the North-South Expressway project by 2024.

A number of ongoing traffic projects in HCM City, including bridges and roads, are nearing completion and are expected to be finished by year-end,

A boost in infrastructure investment as a major part of the country’s hallmark programme on economic recovery and development is expected to help the national economy bounce back.

The Ministry of Transport will kick off eight important traffic projects from late December 2021 to early January 2022. They are:

The HCM City Department of Natural Resources and Environment has made a list of 43 projects that need land acquisition in 2022 with a total area of about 330 hectares.

The Government proposed another 12 projects covering 729km of road on the North-South Express, according to the Ministry of Transport.

The government is promoting disbursement of public investment, considering it one of the driving forces to boost the pandemic-hit economy.

By the end of the year HCM City aims to complete 11 construction packages of key traffic infrastructure projects which have been allowed to resume after the city relaxed its stringent COVID-19 prevention measures at the beginning of October.

Nine component projects of the North-South Expressway Phase 2 will be invested in the form of public-private partnership (PPP), with total investment of about 124,619 billion VND (US$5.4 billion) during the 2021-2025 period.

Prime Minister Pham Minh Chinh has approved the Road Network Development Plan for the period 2021-2030, with a vision to 2050, under which 5,000km of expressways will be used by 2030.

Hanoi and the four northern provinces of Hung Yen, Bac Ninh, Bac Giang and Vinh Phuc have proposed a major highway project to the Prime Minister.

HCM City authorities on Tuesday promised enterprises that they would continue to support enterprises amid the COVID-19 pandemic, and would speed up major projects that have been delayed for years.

While Hanoi’s new bridge development by 2030 is expected to drive future socioeconomic development and increase regional connectivity, bankability remains dim, waiting for special mechanisms in which to lure private investment.

Thu Duc City’s government must focus on implementing required tasks, especially proposing special mechanisms at the soonest to create advantages for the new city’s development.

Building urban infrastructure towards green growth is a necessary goal in the urbanization process, in order to adapt to climate change.