A memorandum of understanding (MoU) was signed between the Vietnamese-based Consultant and Inspection Joint Stock Company of Construction Technology and Equipment (CONINCO) and the Cuban-based DINVAI Vietnam construction company on November 30.
After two years of applying technology to traffic management, HCM City’s goal to develop a smart transport system, one of the key components of its smart city project, has achieved success.
Ho Chi Minh City allocates about 10 trillion VND (431.9 million USD) a year for the transport sector but the funding does not seem to be enough for narrowing the gap between the local infrastructure system and travel demand, heard at a meeting on June 10.
Ho Chi Minh City has kicked off 13 major traffic projects with total investment of 3.5 trillion VND (149.12 million USD), according to the city’s Management Board for Traffic Works Construction and Investment.
Aside from speeding up transport infrastructure projects, many localities around Vietnam are also readying plans to reactivate production, business, nd export activities amid and also after the COVID-19 pandemic.
The acceleration of investment disbursement for transport infrastructure projects is extremely important as the economy has been heavily affected by the COVID-19 epidemic, Prime Minister Nguyen Xuan Phuc said at a meeting of the Government’s standing board in Hanoi on March 12.
Ha Long city in the northern coastal province of Quang Ninh has planned to spend 2.5 trillion VND (nearly 108 million USD) on 57 public works, especially transport infrastructure projects, in 2020.
The Mekong Delta city of Can Tho is planning to double the capacity of its wastewater collection and treatment plant, which was partly funded by the German Development Bank (KfW), and considers this one of the investment priorities in the coming time.
Banks are advised to have meticulous consideration before lending BOT and BT infrastructure projects as outstanding loans for the projects are likely at risk of turning into non-performing ones.
New highways in the Mekong Delta region have met transport demand, but have failed to meet the socio-economic potential of the area, experts have said.
Prime Minister Nguyen Xuan Phuc on July 26 called for more efforts to develop Vietnam’s key economic regions as the growth of the regions has contributed importantly to the country’s success.
Prime Minister Nguyen Xuan Phuc has urged localities and competent agencies to accelerate the implementation of transport infrastructure projects, saying they are important to the socio-economic development.
Ho Chi Minh City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects.
Ho Chi Minh City requires huge investment in infrastructure, and authorities have solicited investment of some 42 billion USD in the five-year period until 2020.
Deputy Prime Minister Trinh Dinh Dung called for more Japanese investment in automobile industry, energy and tourism which are fields with huge demand and development potential in Vietnam.
The northern coastal province of Quang Ninh has caught the attention of many foreign investors after they made a field trip to the province in the framework of the recent International Real Estate Conference (IREC) 2018 held in Hanoi.
Many key transportation projects in Vietnam using Japan’s official development assistance (ODA) have been put into action over the past 45 years since the two countries established their diplomatic ties. The projects have helped complete local infrastructure demand, serving the country’s rapid growth.
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