Ho Chi Minh City's department of Transportation has annouced its plan to start the construction of around 70 projects this year, including 45 projects for upgrading and expansion of roads, and 23 new bridges.
Some of the notable projects are 59km section of the southern intercity expressway with 10 lanes, connecting key industrial zones in Ben Luc, Nhon Trach and Long Thanh districts; a parallel road along the HCM City- Long Thanh- Dau Giay expressway; a belt ring road which will connect HCM City and Bình Dương and Long An provinces...
The authority is looking into generating more funds from the private sector for transport projects. The People's Commitee suggested Department of Transport examine the investment plan of the transport projects in the form of build and transfer (BT) instead of the current form of build-operate-transfer (BOT). The authority would be the one who organises bidding for transport projects under the new form of BT.
(Source: Vietnam News)
The Ho Chi Minh City Department of Transport has been asked to call for investment in the provincial Highway No. 15 (33 km long and 5.5-5.6 metres wide), a main axis of the district and a radial axis of the city. investment required is estimated to be around VND 3 trillion (USD 28.6 million). While waiting for investors, Urban Traffic Management No. 3 unit has been assigned to repair and maintain a 5 km section of the road.
Together with it, several highways and briges are also in the process of being upgraded, such as highways No. 9 and ten bridges on it; and highways No. 8, and 15. The projects aim to reduce traffic jams in the city's nortwest gateway.
The upgrading of Highway No. 9 will help enhance connections between Long An Province, HCM City and Bình Dương Province and neighbouring areas, and will connect directly to the inland container depot (ICD) in Bình My Commune. The Dong Nam Industrial Park in Cu Chi District, and other industrial parks in Hoc Mon District and Long An Province’s Duc Hoa and Duc Hue districts, are also the expected beneficiairies.
In July 2018, the Department of Transport approved a feasibility study on upgrading provincial Highway No. 7. The highway will be eight kilometres long and 20m wide after completion in 2022. Expected investment is around VND 368 billion (USD 15.8 million). Highway No. 7 will connect to provincial Highway No. 8 that runs through Long An Province, HCM City’s Cu Chi District and Bình Duong Province.
(Source: Vietnam News)
The city of Da Nang in Vietnam plans to build an internal water route and pier system to transport cargo between Tien Sa and Lien Chieu ports with the total investment of USD 13.3 million. It aims to ease congestion on National Highway 14B caused by commercial cargo. Construction will be started in 2019 and the route is expected to be operational by 2020. It will accomodate ships and barges under 5,000 deadweight tonnage (DWT) from ports in Quang Ngai, Quang Binh, Quang Nam and North-south cargo shipment services.
The Da Nang Port Joint Stock Company plans to build a customs clearance and logistics service in Lien Chieu district to receive and process cargo from neighbouring ports.
With the rapid growth of 16.2% annually, Da Nang’s ports will have to handle around 10 million tonnes of cargo by 2020 and 30 million tonnes by 2030. This will be beyond the current capacity of Tien Sa port, thereby overwhelming the transport infrastructure in the area, and leading to traffic jams and accidents as well as environmental pollution, thus affecting the city's development as a tourism destination.
According to Da Nang’s project on developing sea-based economy by 2025 with vision to 2030, Tien Sa port will be reserved to serve cruise ships and Lien Chieu would become the major cargo port in the city.
(Source: The Voice of Vietnam)
An expressway from the North of Vietnam to the South will start the construction next year and is schedule to finish by 2021, according to the Ministry of Transport. The new expressway, which will create more room for vehicles will have a total length of 654 kilometres and run through 13 provinces and citites. There will be 11 sub-projects, 03 of which are managed by the goverment and the rest are implemented in public-private-partnership (PPP) model. The total investment is projected to reach VND 118.7 trillion (USD 5.1. billion).
Vietnam's Ministry of Transport is conducting technological design for the three sub-projects with state investment, and construction work on them is expected to start in April next year. Furthermore, selection of contractors for public parts and investors is already in the processind. Ground clearance will finish by October 2020, according to the plan.
(Source: Vietnam News)
In early August 2018, the National Assembly Standing Committee of Vietnam approved a package of VND 7 trillion (USD 301 million) from the State Budget for the railway sector. The approved amount accounts for nearly half of the goverment's contingency fund in 2016-2020 period. The investment is said to cover four critical projects along Hanoi - HCMC railway route, mostly on the upgrades of current infrastructure.
Specifically, infrastructure on the Hanoi -Vinh route in the north will receive VND 1.6 trillion (USD 68.6 million); Nha Trang-HCM City route in the south will receive VND 1.8 trillion (USD 77.2 million); two projects for degraded tunnels and bridge pillars in the two routes, Vinh-Nha Trang and Hà Nội-HCM City, will recieve VND 1.8 trillion (USD 77.2 million) each. The Vietnam Railway corporation (VNR) is looking for solutions not only to increase the capacity and speed of railway but also to ensure normal operation of 23-25 trains per day on the routes at the same time.
The national railway of Vietnam needs to carry out upkeep on 3,150 km of rail lines, majority of which are wearing down with age and hundreds of kilometres have not been maintained since French colonial era. The Government set the amount for the upgrading in 2014 but constraints in State's budget have delayed the final approval up until the present.
(Sources: Vietnam News)
Provinces in Mekong Delta area of Vietnam have started to send out bid invittations for a series of construction and infrastructure packages. The biddings are open to all experienced contractors in the field of construction and infrastructure management. The bidding is being implemented and managed by the provincial Department of Transport’s investment and construction projects management board.
Kien Giang, the largest province of this area, is aiming for two major projects. One is the section of road DT971 from National highway No 80 to the Hon Trem crossroads and two bridges, which are worth VND 200 billion (USD 8.7 million) in total. The other project is a road along the Chung Bau Canal and is worth more than VND 51 billion (USD 2.2 million).
Other provinces in the area are looking for contractors in irrigation works. Currently, Ministry of Agriculture and Rural Development’s Irrigation Work Investment and Construction Management Board No 10 are inviting bids for five irrigation packages which are totally worth VND 2.8 trillion (~ USD 122 million).
(Sources: Vietnam Plus)
Vietnam's Ministry of Transport has been ordered to prepare a feasibility plan for the North-South high-speed railway project to be submitted to National assembly by 2019.
Accordingly, from now to 2020, the Ministry of Transport and Communication will research the construction of a new high-speed rail route with double-track rail line using standard gauge of 1,435 mm, electrified, and lay the groundwork for the construction of sections with high transport demand, like Hanoi-Vinh in Nghe An province, and Ho Chi Minh City-Nha Trang in the province of Khanh Hoa. These high demand sections will be prioritised.
Based on the study of the Japan International Cooperation Agency (JICA) and the Transport Engineering Design Inc (TEDI), it is estimated that the total investment for the North - South Express Railway project will be over USD 50 billion. If the plan is approved by Vietnam's National Asembly, the contruction will start in 2020 and will be completed by 2050. Initially the trains will run at speeds between 160 and 200 km/h, ultimately reaching a maximum speed of 350 km/h once construction is completed.
(Sources: The Voice of Vietnam)
The first Deepwater Terminal in Northern Vietnam, Haiphong International Container Terminal (HICT), has opened at Lach Huyen port this May. This terminal is a part of the project "Lach Huyen International Port Infrastructure Construction", using Japanese ODA (Official Development Assistance) loan through Japan International Cooperation Agency (JICA).
Lach Huyen Port is the first Private Public Partnership (PPP) project between Vietnam's and Japan's governemnt. The construction of Lach Huyen port is implemented by Ministry of Transport, while the joint venture between Mitsui O.S.K. Lines, Ltd. (MOL) and Haiphong International Container Terminal Co., Ltd handles the operation of the terminal.
With the depth of 14 meters and length of 750 meters, the first phase will allow Lach Huyen Port to handle up to 300,000 TEU containerships. This number is said to rise up to 2-3 million TEU in 2019. Together with current port's capacity, Haiphong's port will be on par with Hochiminh City's in the South, which is capable to manage up to 5.94 million TEUs.
Total cost for the port component is 18,749 billion VND (~823 million USD). The other component of this project which is worth 11,948 billion VND (~ 524 million USD) is an expressway connecting the port city (Haiphong) with Hanoi to cut travel time to roughly 90 minute.
The Prime Minister of Vietnam claimed Lach Huyen Port will play an important role in Vietnam's economy, as Haiphong is one of the key port cities and industrial centers, with the areas nearby home to many major factories, including Japan and Korea owned companies like Idemitsu or Samsung Electricity.
(Sources: Mitsui O.S.K. Lines; Nikkei Asian Review)
Vietnam's Prime Minister Nguyễn Xuân Phúc has approved a budget of VNĐ 21 trillion (US$ 921 million) for infrastructure development for economic zones and industrial parks. By 2020, some 200km to 250km of main roads, drainage works and concentrated waste water treatment with a capacity of 13,000 m3/day to 14,000 m3/day, power infrastructure, and other technical and social infrastructure for resettlement sites are expected to be built in 16 coastal economic zones.
This large-scale infrastructure development project will have five components, which are: infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones. The programme aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects.
Notably, Vietnam has emerged in recent years as a new Asian manufacturing powerhouse and has seen the establishment of numerous economic zones and industrial parks.
(Source: Viet Nam News)
As part of the Vietnamese government's air transport development plan, two new airports, one in Van Don District in the northern province of Quang Ninh and one in Phan Thiet City in the south-central province of Binh Thuan, will be inaugurated by the year 2020.
Vietnam aims to have 28 operational airports by 2030, comprised of 15 domestic airports and 13 international airports. In addition, the government plans to position Vietnam among the leading four countries in South East Asia in terms of air transport volume by 2030, with a total fleet size of 400 modern aircrafts. This is to accommodate the forecast that by 2020, airliners are expected to handle about 64 million passengers and 570,000 tons of cargo. This is expected to further increase in 2030 to 131 million passengers and 1.7 million tons of cargo.
(Sources: Talk Vietnam; Vietnamnet Bridge)
Transport infrastructure development is now an urgent task in Ho Chi Minh City as the current population of around 13 million people is creating heavy pressure on it. This pressure is attributed to the rapid development of high-rise buildings and apartments coupled with the lack of room to widen downtown roads.
Aside from a series of transport projects that was begun last year, the following are in the pipeline:
To help finance the above projects, the City offered 130 projects to investors, of which almost 60% are reated to transport infrastructure, at a recent investment promotion conference.
The Mekong Delta, located in Vietnam’s southwest region, is the country's largest agricultural region. Despite being one of Vietnam's key economic zones, its poor transport infrastructure has held back further economic growth. Implementation of transportation projects has not been as fast as expected, primarily due to funding issues, wherein only about a quarter of the needed budget, that is VND 20 trillion (USD 880 million) out of VND 88 trillion (USD billion), was released from the State budget. Other bottlenecks at play include the decline in the supply of building materials like sand (after recent crackdowns on illegal sand mining operations), complicated tender processes, among others.
To address the above issues, the Vietnamese government announced the ratification of the Mekong Delta development plan from now until 2030, with a vision toward 2050. The plans include the construction of multiple expressways and various other traffic infrastructure projects in the region. Specifically, the construction of an expressway connecting Ho Chi Minh City, Tieng Giang Province, Can Tho City, and Ca Mau Province will be prioritized. Detours along national highways and improvement to provincial thoroughfares will also be established. There will also be dredging to improve waterway traffic.
This development echoes recent forecasts made by global independent accounting firm Grant Thornton, that the Mekong Delta transport infrastructure will see investment of about VND 93 trillion (USD 4.1 billion) in the next 3 years alone.
(Sources: Tuoi Tre News; Viet Nam News; Sai Gon Giai Phong; Grant Thornton (Chairman's Insights))
The Vietnamese government has approved an ambitious tourism infrastructure development program that costs USD 1.32 billion for the period 2016 – 2020, aimed at developing the tourism industry into a key economic sector. The tourism sector targets to receive 10 million international and 40 million domestic visits, and revenues of USD 19 billion by 2020.
By 2020, the Government plans to develop a comprehensive and modern infrastructure system for three to five tourist attractions and provide support to improve access to 30 national tourist sites. The programme will focus on constructing major roads leading to tourist sites, a waste treatment system, lake embankment and dredging and embellishment of natural resources. Under the strategy, the State will offer preferential policies to support investment into tourism infrastructure.
(Sources: HanoiTimes; VNEconomy; VietnamNews)
Ho Chi Minh City is losing 556,000 cubic meters of clean water every day due to old pipes, which have ruptured on multiple occasions. The city has started laying out the groundwork for a new water pipeline that will run over 10 kilometers (6 miles) from its outskirts to the inner-city, which will help stem leakage from 28% to 23% by 2020.
VINCI Construction subsidiaries, VINCI Construction Grands Projets and Bessac (Soletanche Bachy) have won the contract to design and build the 10 km treated water transmission pipeline to supply the centre of Ho Chi Minh City, the economic capital of Vietnam. The project is funded by the Asian Development Bank and Sawaco (Saigon Water Corporation) as program manager. The estimated cost of the project, which is expected to take three and a half years to complete, is $154 million, of which $138 million will be covered by loans from the Asian Development Bank.
The contract covers detailed project design; production of prefabricated reinforced concrete pipe sections with an outside diameter of 3 metres; pipe installation by means of pipe jacking; drilling of 16 shafts; and construction of 11 connections and five stubs for future connections to the network. The pipeline route runs along metro Line 1, currently under construction, and under the Saigon River. It will be the biggest pipeline in the city and will replace the current one that has been in use for 50 years.
(Sources: Vinci; Saigon Water Corporation)
VINCI Construction subsidiaries, VINCI Construction Grands Projets and Bessac (Soletanche Bachy) have won a USD 69 million contract to design and build a 10 km treated water transmission pipeline to supply the centre of Ho Chi Minh City, the economic capital of Vietnam. The project is funded by the Asian Development Bank and Sawaco (Saigon Water Corporation) as program manager.
The contract covers detailed project design; production of prefabricated reinforced concrete pipe sections with an outside diameter of 3 metres; pipe installation by means of pipe jacking; drilling of 16 shafts; and construction of 11 connections and five stubs for future connections to the network. The pipeline route runs along metro Line 1, currently under construction, and under the Saigon River.
VINCI Construction has operated in Vietnam since 1994. VINCI Construction subsidiary Soletanche Bachy has built the foundations of several iconic structures, including the Saigon Centre complex and the Vincom Landmark 81 tower; it is currently building the diaphragm walls as part of the construction of Bên Thành station and an underground tunnel on Line 1 of the Ho Chi Minh City metro. Meanwhile, VINCI Construction Grands Projets has supported Vietnam by carrying out a large number of sewer projects for such cities as Thai Nguyen and Hoi An in 2016, Vung Tau in 2013, and Ha Dong in 2008. In September 2016 VINCI Concessions subsidiary VINCI highways signed a strategic partnership with the Vietnam Expressway Corporation (VEC – the Vietnamese highway authority) to participate in PPP projects carried out under the country's motorway infrastructure development program.
To better facilitate agricultural production and prop up farm exports, Vietnam is investing more than USD 20 billion into irrigation works nationwide. According to the Government Resolution on Irrigation Work, there will be 35 new irrigation works between 2017 and 2020 with total investment of USD 900 million. Currently Vietnam has nearly 7,000 water reservoirs with a total holding capacity of 6.5 billion cubic meters, 5,500 culverts and 235,000 kilometers of canal and ditch. The improvement in Vietnam's irrigation systems resulted in an increased rice output which helped the country stay at its position as one of the world’s largest exporter of rice. The fishery and aquatic industry also benefits from this innovation, showing a constant growth in the past few years. In 2017, the industry had USD 4.7 billion of exports, which reflects a year-on-year growth of 6%.
(Source: The Saigon Times)
Lotte Group, a conglomerate that originated in Korea has signed a joint venture agreement with the Ho Chi Minh local administration for the construction of an Eco Smart City in Thu Thiem area. The venture is set to commence construction in the third quarter of 2017.
The Eco Smart City project is a collaboration with the Ho Chi Minh authorities and Lotte Group subsidiaries Lotte Asset Development, Lotte Shopping, Lotte Hotel and Lotte Engineering and Construction. The project is estimated to be worth VND 20.1 trillion (USD 884.4 million). The smart city center is expected to consume over 74,000 square meters of land, housing a number of enterprises in finance, banking and trading, corporate and commercial towers and residential buildings.
(Sources: The Nation; Nhan Dan)
The European Union has launched World Cities Vietnam to promote exchange of experience and best practices in regional and urban development policies. With this, Vietnam's two major cities – Hanoi and Ho Chi Minh City – are paired with Milan (Italy) and Košice (Slovakia). The program's developmental policies would focus on E-government, traffic congestion, and traffic accidents, urban flooding, environment, health services, food safety, public security, urban renovation and development. The ultimate goal of this program is to help Vietnamese authorities and its people to understand the importance of smart cities and energy efficiency in the sustainable development of urban areas.
(Sources: Hanoi Times, Vietnam News)
The World Bank has approved USD 53 million to finance two emerging cities in Vietnam northern provinces Lao Cai and Phu Ly, to improve the urban infrastructure. The investment will be used to improve water treatment and the collection of wastewater, flood prevention for low lying areas and improvement to the transport services for areas with little or no transport networks. With this additional investment amount, more people will benefit with a better urban environment.
This additional sum will further support the Medium Cities Development Project (MCDP), a USD 285 million project which has exceeded its initial targets and benefitted over 210,000 people. The new investment will assist to bridge the financial shortage caused by exchange rate fluctuations.
(Sources: Vufo-Ngo Resource Centre, Nhan Dan Online)
During a visit to Ho Chi Minh City by more than 40 Hong Kong investors, led by the chairman of the Hong Kong Trade Development Council (KHTDC), these investors are keen to invest in southern provinces of Vietnam in the following areas: infrastructure especially the transport system, wastewater and waste treatment and the large-scale real estate projects. Tran Vinh Tuyen, Vice Chairman of the Vietnam Municipal People’s Committee mentioned that Vietnam is a favourable place for Hong Kong to invest and Vietnam needs cooperation and investment from foreign sources.
According to the Vietnam’s Ministry of Planning and Investments, Hong Kong is ranked 6th on the list of investors in Vietnam as of first quarter of 2017. Hong Kong received licences for 16 projects worth USD 11 million; an increase of three folds as compared to the same period in 2016.
(Sources: Hanoi Times, ANT Consultants & Lawyers, Vietnam Investment Review)
Vietnam is looking for foreign investors for funds and expertise for infrastructure and is already in process of drafting a legal framework for foreign investments in its building projects. The Minister of Planning and Investment of Vietnam mentioned during his visit to Japan that Vietnam has many infrastructure project plans and that it is necessary to set up a public private partnership (PPP) set-up, primarily in Japan.
The plans consist of
- The construction of connecting highway between Hanoi and Ho Chi Minh City.
- The construction of the Long Thanh International Airport
- High-speed railways
- Metro-area transit systems
- Power stations
(Sources: Vietnam Net Bridge, Vietnam Economic Times)
To reduce Vietnam’s traffic congestion, the deputy Prime Minister has told the Ministry of Transport to finish the the Cat Linh-Ha Dong and the Nhon-HaNoi Railway Station urban elevated rail projects and to start its operation in 2018. The project is supposed to be completed two years ago but due to capital issues the progress of the capital’s first metro line has been postponed till now. Four years ago, there was an additional loan of USD 250 million due to cost overruns, however the disbursement has not been released by the Export-Import Bank of China (Eximbank). Director of the Hanoi Urban Railway Management Board (MBR) under the Ministry of Transport is under negotiation with the Eximbank. The project started in 2011 with initial investment of USD and trial runs are to start in late 2017. The project costs up to USD 886 million after the additional loan of USD 250 million.
(Sources: Vietnam Net Bridge, Hanoi Times)
Thailand is one of the first foreign investment into Vietnam since its first implementation of its foreign investments policy in 1990s. Thailand has been Vietnam’s largest contributor of capital investment of USD 5 billion from 2006 through 2008, accounting 21.4% of Vietnam’s total investment from ASEAN of USD 23.3 billion. Thailand's strongest investments into Vietnam have been the processing and manufacturing industries. The biggest project is the Southern petrochemical complex. This is followed by the wholesale and retail sectors. Currently, Thailand is turning its attention to Vietnam’s industrial infrastructure and retail sectors. The project includes a joint venture between Amata VNPCL of Thailand and Sonadezi Bien Hoa in the infrastructure sector and the MM Mega Market Co Ltd in Ho Chi Minh City.
Vietnam is Thailand’s destination for investment due to the two countries cultural similarities and location proximity. The countries have signed an agreement to encourage and protect investments in 1992 to enhance favourable conditions for investments.
(Sources: Vietnam Investment Review, Vietnam Economic News, Vietnam Net Bridge)
Vietnam is set to implement 80 traffic infrastructure projects in 2017 to ease traffic congestion especially in the hotspots around Tan Son Nhat airport. The first two approved projects are the the building of flyovers and road expansion and building of tunnels along the roads leading to Tan Son Nhat airport. Two flyovers will be constructed. The first flyover will connect Truong Son and Hong Ha Streets in Tan Binh District. The second flyover will link Nguyen Thai Son and Nguyen Kiem Streets in Go Vap District. Some sections of the roads will be expanded too. There will be an addition tunnel below Truong Son Street which will link the domestic terminal to Hong Ha Street and this will be constructed in the second phase. Tan Son Nhat airport projects will start in 2017 and cost about USD 60.8 million.
14 other projects will start in 2017 as well in improving infrastructure at Cat Lai Port and its surroundings. These projects is estimated to cost about USD 220.4 million. Some other 55 plans are being added in downtown areas and at the entrances of the southern city.
(Sources: Vietnam Breaking News, The Saigon Times)
The need for strong development of infrastructure in Vietnam is attracting foreign businesses in the geotechnical engineering industry to set up business in Vietnam. At the third International Conference on Geotechnical which took place recently in Hanoi, approximately 50 foreign companies in the geotechnical products sector were interested to find out more about the business investment opportunities in Vietnam, through the establishment of partnerships and joint ventures.
Geonia, a leading corporation in South Korea specializing in the production of high quality geotextile products (permeable fabrics which, when used in association with soil, have the ability to separate, filter, reinforce, protect, or drain) expects to achieve strong revenues in Vietnam market. The company has won contracts to supply its products for a number of highways that have been built in Vietnam, and has earned revenues of more than USD 5 million in 2014 as well as in 2015. According to Geonia’s Chief Representative in Vietnam, the Government of Vietnam is promoting the construction of road and port infrastructures, leading to a huge demand for geotextile products.
(Source: ANT Consultants & Lawyers)
Authorities of Quang Ninh Province have issued an investment certificate for a seaport and industrial park complex project worth over USD 315 million in Quang Yen Town.
The project will be jointly developed by three foreign investors comprising CDC International Corporation (CDC) from the Cayman Islands, Singapore’s Middle East Utilities Company, and Infra Asia Investment Company from Hong Kong. The project includes three phases with the first scheduled to last from 2017-2021, the second from 2022-2031 and the third from 2032-2036. It will cover 1,190 hectares of land and water, where an industrial park and a port with 10 wharves will be built.
It is seen as appropriate for the province’s development orientations and the national master plan on seaport and industrial park infrastructure development. The provincial government has asked the economic zone authority to create favorable conditions for the investors to implement the project, and relevant agencies to quickly complete site clearance and infrastructure facilities to ensure the progress of the project.
(Sources: Vietnam Breaking News, Hanoi Times)
Vietnam's central city of Da Nang is planning to construct a giant port at a cost of USD 1.4 billion to meet the increasing logistics demands. The first component will cost USD 459.38 million, with funding sourced from the city’s budget and ODA loans. The second has a massive price tag of USD 1.02 billion, and will have to rely on bank loans. The construction will take place over three phases expected to be completed in 2020, 2030 and 2050 respectively. The existing Tien Sa Port is operating at its maximum capacity of 10.4 million tons per year and is unable to meet the increasing demands of cargo and warehouse space, according to the contractor Tediport.
Interests in Vietnam as a gateway within the shipping industry have increased, with Hong Kong’s Orient Overseas Container Lines teaming up with Gold Star Line, Yang Ming and Thailand-based Regional Container Lines (RCL) in August 2016 to link Chinese ports to Vietnam.
(Sources: VN Express International, Vietnam Breaking News, The Maritime Executive)
The city of Da Nang in Vietnam has announced plans to start construction in end-2016 on the Bus Rapid Transit (BRT) corridor, which will span 31.8 km from the Da Nang International Airport to Hoi An City in the neighbouring Quang Nam province. A fleet of 10 standard BRT buses will be deployed on this route when service commences in 2018. The project is part of the USD 272.1 million World Bank-funded sustainable development project sanctioned in 2013. Currently, Da Nang operates five bus routes to Hoi An, Duy Xuyen, Que Son, Dai Loc and Tam Ky in Quang Nam province.
(Sources: Vietnam News, Vietnam Net Bridge)
The Vietnamese subsidiary of Thailand’s industrial estate developer Amata Corporation has been granted its third investment certificate to develop the Amata Township Long Thanh by the Vietnamese government.
The park will be located in Long Thanh District in Dong Nai Province, a strategic location near Ho Chi Minh City. The total overall budget for the project, known as Amata City Long Thanh, is expected to hit USD 800 million. The complex will be divided into two sections: 40% will be used for industrial purposes and 60% for housing and commercial buildings.
Amata has a total 4 projects planned under Amata Long Thanh, which has a total area of 1,270.39 hectares. The company has previously been granted two investment certificates for two projects in the township, covering 465.4 hectares which included the building of a high-tech industrial park, residential and commercial buildings, etc.
(Sources: Amata, Tuoitre News)
Approved by the government in 2010, the USD 15.24 billion 1,814 km cross-country expressway is to start from the Phap Van Intersection in Hanoi and snaking its way to Can Tho City in the Mekong Delta region along the East Coast of Vietnam, 1,624 km of which connects Hanoi and Ho Chi Minh City. Several sections of the expressway, totalling 171 km have already been completed and are open for use. At the moment, an additional 302 km of expressway is still under construction.
According to Vietnam’s Ministry of Transport, the cross-country expressway will need an additional USD 10.53 billion for basic completion of the remaining sections of the expressway in 2020 before its scheduled opening in 2023. 49% of this will come from the private sector, while 51% is to be funded by the government using government bonds and official development assistance (ODA).
(Sources: Tuoitre News, Vietnam Breaking News)