The decision on direct appointment of contractors for 12 component projects of the North - South Expressway is unprecedented.

To fulfil the goal of building 5,000 km of expressway by 2030 under the plan approved by the Government, it is necessary to have specific policies to attract investment.

The HCMC government has asked the municipal Department of Planning and Architecture to complete the formulation of an economic development plan along the Saigon River this year, including a riverside road connecting District 1 to Cu Chi District.

Prime Minister Pham Minh Chinh on Tuesday chaired a meeting with representatives of ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.

The Ministry of Transport plans to start 67 new projects in the medium-term public investment plan for the 2021-2025 period.

The Ministry of Transport has released plans to overhaul waterway transport links across the country by 2030, to attract business and investment into transport infrastructure.

Vietnam will need an estimated VND400 trillion (US$17.6 billion) for investment in airports from now until 2030, under a master plan for airport development during the 2021-2030 period, with a view to 2050.

HCM City needs VND970.654 trillion worth of capital in 2021-2030 to develop key transport infrastructure projects.

The Cuu Long (Mekong) Delta region needs a special mechanism to improve its transport infrastructure to reduce logistics costs, bolster competitiveness and boost agricultural exports, Minister of Transport Nguyen Van The has said.

Ho Chi Minh City will build four big bridges over five years at a total investment of VND22 trillion, or nearly US$1 billion, to connect major arteries and accelerate economic and tourism development in the city.

The Ministry of Transport plans to begin work on nine major infrastructure projects in the south this year to reduce traffic congestion and improve connectivity.

Land acquisition, compensation payments and resettlement for affected households should be completed by the end of July so that construction on HCM City’s second metro line can begin, city officials have said.

82 build-transfer (BT) projects in Hanoi developed by real estate developers have been ordered to halt.

Four major transport projects will be kicked off in June, announced the Ministry of Transport at a conference on May 28.

Import-export activities through the system of seaports are vital to HCMC’s economy. However, they have been plagued by constant traffic jams on the roads leading to them.