PM gives directions on Hanoi, HCM City’s belt road projects

Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.
PM gives directions on Hanoi, HCM City’s belt road projects ảnh 1PM chairs the meeting on the investment policy of Ring Roads No.3 and 4 of HCM City (Photo: baochinhphu.vn)
Hanoi (VNA) – Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.

The PM held a similar meeting on January 15 with those of ministries, sectors and of Ho Chi Minh City, Long An, Dong Nai, Binh Duong and Ba Ria-Bung Tau on the investment policy of Ring Roads No.3 and 4 of HCM City.

At the meetings, PM Chinh underlined that the projects are of significant importance to the socio-economic development of localities in the Capital Region and southern region.

They will create a new development space for Hanoi, HCM City and surrounding localities, helping foster the regional economic connections, meeting the increasing travel demand, connecting roads to the cities’ centres and expanding land for development and reducing logistics cost, thus attracting more investors and improving locals’ living conditions, he said.

The PM asked relevant ministries, sectors and localities to complete dossiers of Ring Road No.4- Hanoi Capital Region and Ring Road No.3 of HCM City and summit to the Government within February and authorised agencies in early March.

He ordered the formation of a working group led by Chairman of the Hanoi People’s Committee to serve the implementation of the Ring Road No.4- Hanoi Capital Region, and another by the Chairman of the HCM City People’s Committee to cover the Ring Roads No.3 and 4 of HCM City. The two groups will consist of representatives from relevant ministries, sectors and localities and run under the direction Deputy PM Le Van Thanh./.
VNA

See more

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

At the meeting between French Minister of Transport Philippe Tabarot and Vietnamese Minister of Construction Tran Hong Minh in Hanoi on March 21. (Photo: VNA)

French businesses show strong interest in Vietnam’s high-speed railway project: Minister

Minh also mentioned Vietnam’s ongoing construction of Long Thanh International Airport, which will have a total capacity of 100 million passengers per year upon completion. The airport is expected to become Vietnam’s largest and serve as an international gateway, offering new opportunities for global aviation businesses, including those from France, to expand their connections in Vietnam and ASEAN, he said.

The ground-breaking ceremony for the Hon La International Port on March 21 (Photo: VNA)

Quang Binh breaks ground on 90-million-USD international port

The port features comprehensive planning with modern warehouses, logistics areas, and technical facilities. Its strategic location in the sheltered Hon La bay, protected by Hon Co and Hon La islands, provides ideal natural depth for large vessels.

SMEs face many difficulties in accessing capital. (Photo: baokiemtoan.vn)

SMEs need support policies: insiders

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget. However, most small and medium-sized enterprises (SMEs) face significant barriers in scaling up and enhancing their competitiveness.

Quang Ninh plans to develop four new industrial parks (Photo: VNA)

Quang Ninh to develop four new industrial parks

To attract investment for infrastructure development in these zones, the Quang Ninh provincial People's Committee is focusing on reviewing available land and making a list of projects to attract investors for technical infrastructure construction.

A Vietjet executive performs the ribbon-cutting ceremony for the Ho Chi Minh City - Bengaluru route launch. (Photo: baodautu.vn)

Vietnam’s leading airlines to open new routes to India

Vietnam's national flag carrier Vietnam Airlines plans to launch direct flights from Hanoi to Bengaluru and Hyderabad starting in May, while private carrier Vietjet has already commenced services connecting Ho Chi Minh City to these two major Indian hubs on March 18.

Inside a steel factory in northern Vietnam. Despite signs of recovery, the industry remains below 2021 production levels (Photo: VNA)

Steel sector faces challenges

Vietnam’s steel sector is grappling with mounting challenges, including a rising volume of Chinese steel exports, domestic oversupply and global trade barriers, experts warn.