Businesses and individuals seeking to profit from land and property investments in areas near infrastructure projects have been warned about the risks of committing before the full project details become clear.
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,
The Ministry of Transport will kick off eight important traffic projects from late December 2021 to early January 2022. They are:
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.