The State Bank of Vietnam (SBV) has requested local credit institutions and foreign banks’ restrict lending concentration for real estate and construction and consumption sectors, and Build-Operate-Transfer (BOT) projects.
The joint venture among Deo Ca Group, Hai Thach Investment Construction JSC and 194 Construction Investment Corporation was named the investor of the Cam Lam-Vinh Hao Highway – a section of the North-South Expressway.
The Van Phong Economic Zone (EZ) in the central province of Khanh Hoa has so far attracted 153 investment projects, of which 89 have become operational.
The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
The Ministry of Transport is working on a new draft circular which stipulates that the public will have a say on whether the locations of toll stations on Build-Operate-Transfer (BOT) roads are appropriate.
The northeastern coastal province of Quang Ninh has completed land clearance for the construction of Van Don – Mong Cai highway, a local official has said.
National Assembly Chairwoman Nguyen Thi Kim Ngan dealt with the issues of education, BOT, infrastructure investment, and electricity price, during a meeting with constituents in the Mekong Delta city of Can Tho on June 17.
The Ministry of Transport (MoT) is set to propose to the Government a draft plan on fee increases at BOT (Build-Operate-Transfer) toll booths in response to declining revenue.
HCM City should create favourable conditions and introduce regulations to promote Public Private Partnerships (PPP) in the education sector, which is in need of an international standard learning environment, experts have recommended.
The Ministry of Transport will conduct the selection of investors for the North-South expressway via bidding for projects in the public-private partnership (PPP) form.
Minister of Transport Nguyen Van The has affirmed that investors in Build-Operate-Transfer (BOT) contracts will have to stop collecting fees if they don’t install electronic toll collection (ETC) systems by the end of this year.
According to the Vietnam Expressway Corporation, toll collection and supervision is carried out according to regulations, and the toll revenue of expressways is reported to State management agencies.
Holiday spirit seems to be in short supply at the Ministry of Transport (MoT), as the body has rejected a proposal to waive road tolls for the first three days of the Tet (Lunar New Year) holidays.
The northern coastal province of Quang Ninh is accelerating ground clearance work and investment procedures so as to start construction work on the Mong Cai-Van Don highway within this month.
Prime Minister Nguyen Xuan Phuc lauded the Ministry of Transport (MoT) for pooling social resources in public-private partnership (PPP) projects, including those under the build-operate-transfer (BOT) model.
The Ministry of Transport (MoT) had decided to stop collecting tolls from build-operate-transfer (BOT) roads that had quickly fallen into disrepair after opening.
Playing an important role in the Hanoi-Hai Phong-Quang Ninh economic triangle and serving as a gateway for trade between Vietnam and the Association of Southeast Asian Nations (ASEAN) and China, the northern coastal province of Quang Ninh has been making several breakthroughs to develop local transport infrastructure and meet the burgeoning economic growth.
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