infrastructure

The Chinese Government has provided nonrefundable aid of 10 million Chinese yuan (US$1.4 million) for a feasibility study for the Lao Cai-Hanoi-Haiphong express railway project, according to the Ministry of Transport.

The cost of the first phase of the Long Thanh International Airport is roughly US$1 billion higher than the estimate previously cited and approved by the National Assembly (NA), according to the NA Standing Committee.

Vietnam is now a magnet for overseas financiers wishing to implement infrastructure initiatives before transferring them to the state. 

Both Vietnam Airlines and Vietjet have had to change their policy on air tickets for the 2020 Tet season because of the presence of Bamboo Airways, a ‘rookie’ in the aviation market.

A new study by Dutch scientists has found that the Mekong Delta is just 0.8 meters above sea water level, which means that 12 million people will have to evacuate in the next 50 years.

Japanese and South Korean are running a race to pour capital into Vietnam’s logistics industry.

Vietnam’s new draft law on public-private partnership takes inspiration from legal frameworks around the world and provides an opening to satisfy the country’s growing demand for infrastructure investment. 

The logistics sector has long been considered the backbone of trade activities. However in Vietnam, that backbone seems to have a lot of problems. 

Vietnam has borrowed big money to develop industrial infrastructure, but this has mostly brought benefits to foreign invested IZs (industrial zones) and FIEs (foreign invested enterprises).

Vietnam was the fastest growing tourism market of Japan with rise of 125.9 percent in 2018, according to the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT)’s 2019 white paper on tourism.

Vietnam’s aviation industry has been witnessing steady 2-digit growth rates over the last 10 years.

In an effort to become more attractive to investors and feature more modern infrastructure, Ho Chi Minh City is intensifying development of its urban real estate market.

According to the Ministry of Transport seven out of 10 major traffic projects under construction are behind schedule or under the risk of lagging behind schedule.

New pavements that have been laid down as part of Haiphong City’s attempt to improve its environment have already shown cracks some 10 days after being put into use.

Private investors are financially capable and willing to make investments in aviation infrastructure, but still cannot get the go-ahead from the government.