Business

North-South expressway project to select investors

The Ministry of Transport (MoT) will sell bidding documents to select investors for the North-South expressway project in the coming time, said Nguyen Danh Huy, head of the ministry’s Department of Public-Private Partnership (PPP).
North-South expressway project to select investors ảnh 1The Ministry of Transport (MoT) will sell bidding documents to select investors for the North-South expressway project in the coming time, said Nguyen Danh Huy, head of the ministry’s Department of Public-Private Partnership (PPP) (Photo: VNA)
Hanoi (VNA) – The Ministry of Transport (MoT) will sell bidding documentsto select investors for the North-South expressway project in the comingtime, said Nguyen Danh Huy, head of the ministry’s Department of Public-PrivatePartnership (PPP).

He saidthat the feasibility studies on 11 sub-projects for the construction of the easternsection of the expressway project in the 2017-2020 period had been approved.

Accordingly,the MoT is selecting consulting units for those projects. Among the threeprojects using capital sourced from the State budget, the selections for the CaoBo-Mai Son and La Son-Tuy Loan are projected to run until the second quarter of2019.

Meanwhile,that of the My Thuan 2 bridge project will be carried out over nine months tofinish in the following quarter.

Huy addedthat the construction of eight PPP projects will start in the first quarter of2020, while the building of three public investment ones will begin next yearand aredue to be finished by 2021.

As manyas 654km of the east section of the North-South expressway is set to be builtduring 2017-2020, with a total investment of nearly 118.72 trillion VND (5.09billion USD), including 55 trillion VND from the State budget.–VNA 
VNA
#Ministry of Transport #bidding documents #North-South expressway project #Public-Private Partnership #feasibility studies #State budget #vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Transport Ministry speeds up North-South expressway

Transport Ministry speeds up North-South expressway

Minister of Transport Nguyen Van The has ordered relevant agencies to quickly complete necessary documents so that the ministry can approve 10 sub-projects that are part of the North-South Expressway in July as scheduled.
Ministry aims to mobilise resources for transport infrastructure

Ministry aims to mobilise resources for transport infrastructure

The Ministry of Transport (MoT) will work on solutions, mechanisms, and policies to push forward the mobilisation of resources for transport infrastructure development in the second half of this year, said chief of the ministry’s office Nguyen Tri Duc.
Vietnam to have more than 7,000km of expressways

Vietnam to have more than 7,000km of expressways

Total projected length of Vietnam’s expressway system by 2030 is set to stretch from the initial 6,400 km to more than 7,000km, as the Ministry of Transport is mulling adding several routes.

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.

Inside the ABB factory in Vietnam (Photo: baodautu.vn)

European investment flows gain momentum in Vietnam

European investments are expected to pick up in Vietnam following Prime Minister Pham Minh Chinh’s engagement with Czech and Polish enterprises as part of his trip to Europe to attend the 55th Annual Meeting of the World Economic Forum.