Vietnam always welcomes foreign investors, including those from China, in the spirit of “harmonious interests, shared risks,” Prime Minister Pham Minh Chinh has affirmed.
The Ministry of Transport plans to begin work on nine major infrastructure projects in the south this year to reduce traffic congestion and improve connectivity.
The HCM City Department of Transport is urging the city People's Committee to approve investment for 55 urgent transport infrastructure projects next year, including five new overhead roads to ease traffic congestion at hotspots connecting eastern and western areas.
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.
Ho Chi Minh City's authorities are planning to complete or start key transport infrastructure projects this year in an aim to reduce traffic congestion and develop connections between the city and neighbouring provinces.
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.
Prime Minister Nguyen Xuan Phuc demanded the Ministry of Transport (MoT) and relevant ministries to remove all obstacles, including existing mechanisms and policies, to mobilise capital from all possible sources for transport infrastructure projects.
As Vietnam works to improve its transport infrastructure, the country has been mulling measures to attract investors to large public-private partnership (PPP) transport infrastructure projects.
Da Nang city has asked the Ministry of Transport to allocate funds for key transport infrastructure projects – Lien Chieu Port and the East-West Economic Corridor No 2 (EWEC2).
Politics
