PM urges accelerating transport infrastructure development to support double-digit growth

The PM emphasised that project execution must be carried out swiftly while strictly complying with legal procedures and regulations, and underlined the need to prevent violations, corruption, losses and wastefulness of public assets.

Prime Minister Pham Minh Chinh chairs the 24th meeting of the State Steering Committee for national key transport projects on March 5. (Photo: VNA)
Prime Minister Pham Minh Chinh chairs the 24th meeting of the State Steering Committee for national key transport projects on March 5. (Photo: VNA)

Hanoi (VNA) – Prime Minister Pham Minh Chinh on March 5 called for strongest possible efforts to accelerate transport infrastructure development, stressing its crucial role in helping Vietnam achieve double-digit economic growth in 2026.

Chairing the 24th meeting of the State Steering Committee for national key transport projects, PM Chinh, also head of the committee, urged ministries, sectors, localities, project management boards, investors and contractors to demonstrate the highest sense of responsibility in implementing infrastructure projects.

He emphasised that project execution must be carried out swiftly while strictly complying with legal procedures and regulations, and underlined the need to prevent violations, corruption, losses and wastefulness of public assets. At the same time, agencies were instructed to promptly remove institutional bottlenecks and cut unnecessary administrative procedures.

The Government leader also requested a review and adjustment of development plans to align with the Resolution of the 14th National Party Congress, ensuring a long-term strategic vision. Localities were urged to add interchanges and connection points linking with newly built expressways to maximise project efficiency, and adapt provincial master plans to new development spaces along these routes.

PM Chinh asked ministries, sectors and local authorities to review cost norms, investment levels, and bidding and contractor selection processes to ensure compliance with regulations and minimise risks of wrongdoings. He also highlighted the need to mobilise the entire political system to support transport infrastructure projects, particularly in site clearance and resettlement efforts, ensuring that relocated residents have better living conditions than before.

The PM further suggested engaging forces such as the military, police, youth and women’s organisations in suitable tasks to help accelerate project progress. Contractors, consultants and construction workers were urged to maintain the highest working spirit on construction sites.

Regarding projects in the preparation stage, Hanoi and Bac Ninh were asked to speed up approval of the feasibility study for the road linking with Gia Binh Airport in Bac Ninh, enabling construction to begin soon and the route to be completed on time to serve APEC events.

Officials attend the 24th meeting of the State Steering Committee for key national projects and major transport sector projects on March 5. (Photo: VNA)

Officials attend the 24th meeting of the State Steering Committee for key national projects and major transport sector projects on March 5. (Photo: VNA)

Meanwhile, Cao Bang and Phu Tho were instructed to coordinate with the Ministry of Finance and relevant agencies to arrange central budget funding and promptly approve investment policies for the Hoa Binh – Moc Chau and Bac Kan – Cao Bang expressway projects.

Other localities, including Ho Chi Minh City, Phu Tho, Nghe An, Gia Lai and Tay Ninh, were requested to accelerate feasibility studies for projects such as the Vinh – Thanh Thuy route, the Quy Nhon – Pleiku sub-project, Ho Chi Minh City's Ring Road 4, and Hoa Lac – Hoa Binh Expressway, aiming to break ground on May 19, 2026.

The PM also asked Ho Chi Minh City to finalise investor selection for the first sub-project of the Ho Chi Minh City – Moc Bai Expressway project by April 2026.

Authorities in the localities hosting the projects were told to expedite site clearance, ensure adequate supplies of construction materials and maintain project quality and progress as committed.

The Steering Committee reported that at its 23rd meeting, the PM assigned 28 tasks to ministries, sectors and localities. So far, three tasks have been completed on schedule, 22 are under active implementation, and three remain unfinished.

Participants noted that the remaining workload is still substantial, with several projects facing obstacles related to site clearance, construction materials, administrative procedures and coordination among relevant agencies. Localities and investors proposed additional capital allocations and expansion of expressways and connection points to maximise the effectiveness of ongoing investments./.

VNA

See more

A customer purchases E5RON92 bioethanol fuel at a PVOIL gas station on Thai Thinh street, Hanoi (Photo: VNA)

Retail fuel prices rise sharply in March 5 adjustment

According to the Ministry of Industry and Trade, the global fuel market during the latest price adjustment period from February 26 to March 4, 2026 was influenced by several major factors, including the escalating military conflict between the US – Israel coalition and Iran.

Workers at a textile factory in Hanoi (Photo: VNA)

Supporting industries seek fresh growth momentum

Against a backdrop of global uncertainty and supply chain restructuring, the Government has introduced a range of measures aimed at injecting new momentum into domestic manufacturing. New provisions covering workforce training, testing and certification, trade promotion and technology upgrades have been implemented.

Workers package fruits at the factory of Vina T&T Group (Photo: nhandan.vn)

Vietnamese exporters adapt to escalating Middle East conflict

The Ministry of Industry and Trade’s Export-Import Department forecasts upward pressure on global prices for consumer goods, fuel, and crude oil in the coming time. Such hikes could exert indirect but broad negative effects on Vietnam’s overall production and trade, with particular exposure in exports destined for the Middle East.

The MoIT will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. - Illustrative image (Photo: VNA)

Vietnam triggers fuel contingency plan over Middle East crisis

The Ministry of Industry and Trade will closely monitor global oil prices, output, inventories and trade flows to adjust imports and domestic supply accordingly. It will also intensify oversight of key traders’ compliance with their 2026 minimum reserve obligations.

Workers process tra fish for export. (Photo: VNA)

Agro-forestry-fishery exports up over 17% in first two months

Of the total export value in the January–February period, agricultural products accounted for 6.09 billion USD, up 17.1% year-on-year. Seafood exports reached 1.76 billion USD, marking a sharp increase of 23.3%, while forestry products brought in 2.82 billion USD, up 7.4%.

Many private businesses are investing in the service and real estate sectors in Da Nang. (Photo: VNA)

Da Nang augments efforts to attract high-quality investments

Da Nang has consistently implemented business support policies and a selective investment attraction strategy, prioritising high technology, smart city building and sustainable development, thereby strengthening investor confidence and enhancing the city’s competitiveness in the new development phase.

Export activities at the Cai Mep - Thi Vai port cluster (Photo: VNA)

Southern region opens wide to new wave of US investment

Since 2025, US enterprises have increasingly explored investment opportunities across provinces in the Southern Key Economic Region. Ho Chi Minh City has emerged as a leading destination, highlighted by multiple cooperation agreements concluded in late 2025.

Visitors explore Vietnamese furniture products at HawaExpo 2026. (Photo: VNA)

Ho Chi Minh City’s HawaExpo 2026 triples in scale

Held under the theme “Gateway to Vietnam Furniture Prowess” and featuring more than 2,500 booths, the four-day event is expected to serve as a gateway to exploring the genuine capabilities of Vietnam’s wood and furniture industry, as well as a strategic trading hub for international markets.

Deputy Governor of the State Bank of Vietnam Pham Thanh Ha answers reporters’ questions. (Photo: VNA)

SBV vows agile policy response amid global headwinds

In the coming period, the SBV will calibrate interest rate management in line with macroeconomic developments and inflation trends, while requiring credit institutions to publicly disclose lending rates to enhance transparency.