Keyword: "private vehicles"

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Serious traffic congestion is common in Hanoi during peak hours. (Photo: VNA)

Traffic congestion costs Hanoi 1.2 billion USD a year

Congestion is estimated to cost Hanoi about 1.2 billion USD each year and has driven logistics costs to nearly 17% of GDP, undermining productivity, environmental quality, and the city’s investment appeal, said a local official.