Ho Chi Minh City will need over 83 trillion VND (over 3.57 billion USD) of investment capital to develop transport infrastructure in the city during 2021-2025, the city’s authorities said.
Ho Chi Minh City requires huge investment in infrastructure, and authorities have solicited investment of some 42 billion USD in the five-year period until 2020.
Five or six more industrial parks are expected to be built in the northern port city of Hai Phong in the time ahead, according to head of the Hai Phong Economic Zone Authority (HEZA) Pham Van Moi.
The Ho Chi Minh City People’s Committee has decided to devolve decision making authority to departments and local authorities in certain areas.
Ho Chi Minh City hopes to receive support and cooperation from foreign partners, including the US, in building its smart transport system, said a city senior official.
Ongoing and upcoming road projects will be the primary drivers of growth in Vietnam’s transport infrastructure sector, Fitch Group said.
Leaders of the Government, ministries, sectors and localities have agreed on solutions to help the expansion of transport infrastructure keep up with socio-economic development pace in the time ahead.
A recent audit on road maintenance funds conducted by the State Audit Office of Vietnam (SAV) has revealed loopholes in their collection and expenditure, raising questions over the transparency of the fund’s management.
Ho Chi Minh City needs more investment capital for transport infrastructure development, according to the city’s transport department.
As overpopulation remains a major issue in Ho Chi Minh City, the sluggish development of its transport infrastructure makes moving around a nightmare for city dwellers.
Ho Chi Minh City prioritises investment in green hi-tech industries, urban development and transport infrastructure, said Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen at an investment promotion conference held in the city on October 11.
Thailand will be in great need of both personnel and construction materials in the next five years when its investment in transport infrastructure development begin to change the country’s transport sector in all systems.
The Party Central Committee’s Economic Commission, the Steering Committee for Northwestern Region and the Transport Ministry held a conference in Hanoi on July 20 to discuss developing transport infrastructure in the northwest.
Prime Minister Nguyen Xuan Phuc pledged to assist Laos to develop transport infrastructure at his reception for Lao Minister of Public Works and Transport Bounchanh Singthavong in Hanoi on April 20.
Industrial parks located in mountainous areas or far from downtown Dong Nai province have caught eyes of more investors since early 2016 thanks to local efforts to develop transport infrastructure.
Vietnam’s hosting of APEC 2017, with the convergence of both leading and emerging economies, plays a significant role in reaffirming its dynamic socio-economic development as well as active participation in regional and international forums.
Vietnam plans to invest in its transport infrastructure comprehensively while linking development strategies among sectors in order to develop a multi-modal transport environment, making the country the gateway connecting Southeast Asia to the Indian Ocean.
Favourable transport infrastructure and beautiful landscapes are expected to boost tourism in the northern port city of Haiphong.
A massive overfly spanning the major Nguyen Binh Khiem – Le Hong Phong intersection in the northern city of Haiphong was put into operation on January 25.
French company Alstom has signed a US$340 million contract to provide 10 modern train sets and build 12 stations.