Vietnamplus

The Government has disbursed more than 910 billion VND (38.5 million USD) for the implementation of the Cat Linh–Ha Dong urban railway project.

The Ministry of Planning and Investment proposes the Ministry of Transport select a plan to invest in a high-speed railway with the operation of mix trains that contain both passengers and freight cars, with a designed speed of about 250km per hour.

Ho Chi Minh City will need an additional 71 trillion VND (2.8 billion USD) from 2021-2025 to carry out transport infrastructure projects.

Legislators are continuing with discussions on the performance of the 2022 socio-economic development plan, socio-economic development plan for 2023, 2022 State budget, and 2023 State budget estimate, public investment plan and State budget allocation plan on the eight working day of the 15th National Assembly’s fourth session on October 28.

The Ministry of Transport has allocated nearly 8.6 trillion VND (359.3 million USD) for the second phase (2021-2025) of the North-South Expressway’s eastern section.

The Ministry of Transport (MoT) has approved an investment worth nearly 1.1 trillion VND (over 47 million USD) for a sub-project to upgrade the Nha Trang – Sai Gon railway section, which is part of the project to renovate and upgrade the Hanoi-Ho Chi Minh City railway route in the 2021-2025 period.

The People’s Council of Hanoi has approved a resolution on middle-term public investment plan for the 2021-2025 period.

Prime Minister Pham Minh Chinh on March 16 signed Dispatch No. 252/CD-TTg asking for more drastic measures to implement the socio-economic recovery and development programme.

The southern province of Kien Giang will spend over 5.12 trillion VND (224.2 million USD) implementing its public investment plan in 2022, according to the provincial Department of Planning and Investment.

The Ministry of Transport (MoT) plans to launch 67 new construction projects as part of the 2021-2025 mid-term public investment plan, including six of national significance, 10 in group A and 51 in groups B and C.

The Vietnam Railway Project Management Board under the Ministry of Transport has submitted to the ministry a project with total investment of over 2.2 trillion VND (95.88 million USD) to improve railway connections between Vietnam's Lao Cai Station and China's North Hekou Station.

The Prime Minister has approved an investment plan for the first phase of the Bien Hoa - Vung Tau expressway project, which is expected to speed up travel between Dong Nai, Ba Ria - Vung Tau and Ho Chi Minh City.

The acceleration of investment in transport infrastructure is the main driving force fueling real estate stocks as many businesses with large land plots located in areas near key infrastructure projects will benefit from this process.

The Hanoi People's Council discussed and approved 15 reports and 18 resolutions including a five-year socio-economic development plan, five-year medium-term public investment plan for 2021-25 and developing infrastructure in suburban areas during its meeting which kicked off on September 22.

Deputy Prime Minister Pham Binh Minh on September 14 chaired a meeting of the PM's special working group on removing bottlenecks and promoting the implementation of investment projects across the country.

The southern province of Ba Ria-Vung Tau has urged the Ministry of Industry and Trade and the Vietnam Electricity (EVN) to promptly allocate funding to a project to connect Con Dao island of the province with the national grid, with nearly 2.53 trillion VND (110.88 million USD) to be channeled from the State budget in the 2021-25 period.

Legislators discussed in groups the medium-term public investment plan in the 2021-2025 period as part of the first session of the 15th National Assembly on July 24 morning.

Members of the National Assembly (NA) Standing Committee gave their opinions on the drafts of the socio-economic development plan, national financial plan, plan on borrowing and repayment of public debts and mid-term public investment plan for the 2021-2025 period during their sitting on July 13.

Ho Chi Minh City needs nearly 686 trillion VND (29.8 billion USD) for its mid-term investment plan for the 2021-25 period, according to the municipal People’s Council.

Ho Chi Minh City needs to prioritise resources for transportation infrastructure, especially major roads linking its seaports, the municipal Transport Department has suggested.