Lang Son approves 460-million-USD expressway project
Chairman of the People’s Committee of the northern border province of Lang Son Ho Tien Thieu has recently signed a decision approving a project on the building of an expressway connecting Huu Nghi border gate with Chi Lang district.
Huu Nghi border gate (Photo: VNA)The expressway is expected to be an important bridge of the Nanning (China) - Lang Son - Hai Phong - Quang Ninh economic corridor to form a trans-Asia economic corridor, and help Vietnam become a gateway for trade exchanges between China and Southeast Asia.
In addition, it will also help link and quickly develop key economic sectors of Lang Son province such as industry, tourism, services, and import and export of goods; promote the development of the Dong Dang - Lang Son Border Gate Economic Zone; and create motivation for the province to boost rapid and sustainable socio-economic development and become one of the growth poles and an economic centre of the northern mountainous and midland region.
The expressway will have a total length of 59.87km, including 43.43km of the Huu Nghi border gate – Chi Lang section, and a 16.44km section connecting Tan Thanh with Coc Nam border gates.
The project will have a total investment capital of 11.19 trillion VND (460.8 million USD), of which 6.17 trillion VND will be mobilised by its investor. The provincial People’s Committee plans to select the investor in the first quarter of 2024./.
You should also see
Optimising UNESCO titles for national development
Owning many tangible and intangible UNESCO-recognised heritage sites, Vietnam is striving to optimise the value of the UNESCO titles for stronger socioeconomic development.
See more
Business
Digital transformation – optimal choice for Vietnamese garment & textile firms
Digital transformation is considered a “key” to help Vietnamese garment and textile enterprises expand while meeting sustainable development, heard a recent conference held in Ho Cho Minh City.
Videos
Green economic development essential for businesses
Sustainable and green growth is emerging as an inexorable trend globally and been adopted by many countries, including Vietnam. This form of growth promotes the restructuring of the economy, fostering economic prosperity, environmental sustainability, and social equity.
Business
Trade surplus hits 8.4 billion USD in four months: GSO
Vietnam's import-export revenue reached 238.88 billion USD in the first four months of this year, with trade surplus reaching 8.4 billion USD, higher than the 7.66 billion USD recorded in the same period last year, according to the General Statistics Office (GSO).
Business
FDI disbursement in January-April period reaches five-year record
The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
Business
InfographicVietnam posts prominent economic achievements since 1975
Forty-nine years since Reunification Day (April 30, 1975 - 2024), Vietnam has recorded significant progress in its socio-economic development and quality of life for its citizens has continually improved. The scale of its GDP has consistently expanded, reaching approximately 430 billion USD in 2023, making it the fifth-largest economy in ASEAN and 35th among the world’s largest 40 economies.
