return icon

US$5.4 billion to be invested in 9 component projects of North - South expressway

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.


Hơn 124.000 tỷ đầu tư 9 dự án thành phần cao tốc Bắc - Nam


The Government’s draft report seeks approval from the National Assembly for further investment in 9/12 component projects for the North-South Expressway from 2021 to 2025.

According to the Government, the North-South expressway consists of 12 component projects with a total length of about 729 km and a total investment capital of 154,527 billion VND. Of which, about 73,495 billion VND comes from the state budget and about 81,032 billion VND from other sources.

However, the Government says that due to limited state resources, if all 12 projects are implemented, funding for other national highway projects will be affected. Therefore, the Government proposes completing 9 of 12 component projects with a length of 552 km during 2021-2025, including: Hau Giang - Ca Mau, Can Tho - Hau Giang, Van Phong - Nha Trang, Chi Thanh - Van Phong, Quy Nhon - Chi Thanh, Hoai Nhon - Quy Nhon, Quang Ngai - Hoai Nhon, Van Ninh - Cam Lo.

The three remaining component projects - Vung Ang - Bung, Bung - Van Ninh and Van Ninh - Cam Lo - site clearance and resettlement will be implemented in the period of 2021-2025, and construction will be conducted in 2026 - 2030.

All nine component projects will be invested in the form of PPP (build-operate-transfer contract), with total capital of 124,619 billion VND, including 61,628 billion VND ($2.67 billion) from the state budget and 62,991 billion VND ($2.7 billion) of private capital.

The North-South Expressway phase 2 has an average toll collection period of about 24.8 years. The three component projects of Quang Ngai - Hoai Nhon, Can Tho - Hau Giang, and Hau Giang - Ca Mau will have a toll collection period of 29-32 years.

Vu Diep

Vietnam’s road network with 9,000 km of expressways announced

Vietnam’s road network with 9,000 km of expressways announced

According to the national road network planning by 2050, Vietnam will have more than 9,000 km of expressways. The country aims to complete construction of about 5,000 km by 2030.



Curbing inflation: the optimal goal of monetary and fiscal policies

Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic.

Businesses seek capital as banks run out of ‘credit quota’

Businesses in many fields have voiced their concerns about the lack of capital from banks.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnam contributes to International Law Commission

Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, friendship, cooperation and sustainable development worldwide.

Pencak silat fighter enjoys golden year

Pencak silat fighter Quang Thi Thu Nghia has had amazing year of competition when she has won titles from all competitions that she took part in.

Pop singer to compete at MTV Europe Music Awards

Pop singer Pham Dinh Thai Ngan from HCM City will represent Vietnam at the MTV Europe Music Awards (MTV EMA) 2022.

PM hosts national committee on digital transformation’s third session

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Liem to face off against chess king Carlsen at FTX Crypto Cup

Vietnam’s leading chess player Le Quang Liem has revealed that he will take on Norwegian chess king Magnus Carlsen at the FTX Crypto Cup which is scheduled to take place in Miami, USA, from August 15 to August 21.

Vietnam ranks third overall at ASEAN Para Games 2022

Vietnamese athletes bagged seven more gold medals on August 5, the last competition day of the ASEAN Para Games 2022, retaining their third place in the medal tally.

Corporate bond market struggling with challenges

The size of the corporate bond market is estimated at some VND1,374 trillion, equivalent to 15% of GDP. The Government aims to raise this figure to 20% by 2025.

President requires greater efforts to promote value of Ngoc Linh ginseng

Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Refusal to issue visas to new VN passport causes problems for travel firms

The rejection of Vietnam’s new passport by some EU member countries is affecting HCM City tourism companies since their customers are unable to travel to those countries.

Vietnam set to scrap COVID quarantine for imported processed seafood

The Ministry of Agriculture and Rural Development has removed COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export.

HCM City seeks to boost technology transfer from universities

Huynh Kim Tuoc, managing director of Sai Gon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development