Business

Expressway section in southern hub opens to traffic

A 20km section of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway opened to traffic on January 2.
A 20km section of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway opened to traffic on January 2.

The section of the expressway runs from the Eastern Ring Road (alsocalled the Second Ring Road) in Ho Chi Minh City 's District 9 toNational Highway 51 in neighbouring Dong Nai province.

Mai Tuan Anh, director of the Vietnam Expressway Company, theinvestment owner, said the section of expressway will shorten thedistance between Ho Chi Minh City and Long Thanh from 45km to 22km,and between Ho Chi Minh City and Vung Tau from 120km to 95km.

Traffic will be able to travel between 60 and 100kmper hour on the newly-opened section, paying a minimum of 2,000 VND perkilometre.

The Ho Chi Minh City-Long Thanh-Dau Giayexpressway is 55km long, connecting the southern hub of Ho Chi MinhCity with National Highway 51, Long Thanh International Airportand National Highway 1A. It is estimated to be completed by 2015.

It requires a total investment of about20.630 trillion VND (nearly 978.3 million USD). Capital will come fromloans provided by the Asian Development Bank, official developmentassistance loans from the Japanese Government and capital from theVietnamese Government.-VNA
Follow VietnamPlus

See more

VinFast showcases its complete range of electric vehicles at the BIMS 2024 exhibition. (Photo: VNA)

Vietnamese products rise from villages to global markets

Many Vietnamese brands like VinFast, Hoa Phat, Viettel, Vinamilk, and GrowMax have steadily increased their market share at home, expanded their export markets, and built production and value chains, all while contributing to the country’s economic growth.

At the forum (Photo: baoquocte.vn)

Vietnam – a land of opportunities for Nordic firms

Ole Linnet Juul, Senior Chief Advisor of the Confederation of Danish Industry, commended Vietnam’s recent strides, particularly in institutional reforms, technological advancements, innovation, and digital transformation.

Apartments building in HCM City. 2025 is predicted to be a crucial foundation year for the real estate sector in HCM City. (Photo baoxaydung.com.vn)

HCM City real-estate market predicted to recover this year

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

The Commission for Management of State Capital at Enterprises transfers the rights and responsibilities of the agency representing state capital ownership to the Ministry of Finance. (Photo: VNA)

State capital ownership rights transferred to Ministry of Finance

After merging with the Ministry of Planning and Investment and receiving 18 state-owned groups and corporations from the Commission for Management of State Capital at Enterprises (CMSC), the Ministry of Finance acts as the 'backbone' of the economy, managing all financial resources from public investment and resources from these groups and corporations, to foreign loans.

At the ceremony on February 28 to officially transfer MobiFone Telecommunications Corporation from the commission to the Ministry of Public Security. (Photo: VNA)

State-owned MobiFone now under Ministry of Public Security

MobiFone's profit before tax in 2024 was estimated at over 2 trillion VND (78.23 million USD), exceeding its annual target by 20.6%. The corporation's digital services sector has witnessed high growth rates across many products and services, including MobiFone Meet (1,050%), Cloud (312%), mobiAgri (49%), and MobiFone Invoice (58%).

Investors monitor the development of the stock market at MB Securities JSC (Photo: VNA)

Vietnam pushes to elevate stock market

Vietnam will create favourable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

The economy's total credits reach over 15.6 quadrillion VND (610.3 billion USD) in 2024 (Photo: VNA)

Banking sector urged to expand credits to support economic growth

SBV Deputy Governor Dao Minh Tu stated that an average credit growth of over 2% would contribute to a 1% increase in the country's GDP. Therefore, for 2025, the central bank aims for a credit growth target of around 16% to contribute to the economic growth target of 8%.

Garment production at May 10 Corporation (Photo: VNA)

Vietnam emerges as key hub for int’l textile manufacturers

Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.

Apartment buildings along Metro Line 1 and Vo Nguyen Giap Boulevard, Thu Duc city. (Photo: VNA)

Metro Line 1 prompts investments in HCM City's eastern apartment market

The newly operational Metro Line 1 is a key driver for real estate projects, particularly in retail and office spaces. The commercial real estate sector typically lags behind the residential market. As communities grow and stabilise, demand for commercial spaces rises accordingly.