Vietnam’s industrial real estate in Vietnam has the potential to grow as demand continues to rise due to a shift in supply chain to the country, according to Savills Vietnam.
Van Don - Mong Cai Expressway, expected to open up a new development space for the northern province of Quang Ninh and the entire Red River Delta, was inaugurated on September 1.
The implementation of the 9th Politburo’s Resolution 54-NQ/TW in Quang Ninh has created conditions for the northern coastal province to become a growth powerhouse in the Red River Delta region and the nation, said head of the Party Central Committee's Economic Commission Tran Tuan Anh.
While transport infrastructure in Ho Chi Minh City and provinces in the Southern Key Economic Zone has improved over the years, connectivity remains modest, hampering development, experts say.
Prime Minister Pham Minh Chinh and other National Assembly (NA) deputies of the Mekong Delta city of Can Tho met with voters in Ninh Kieu, Cai Rang and Phong Dien districts on July 10 to inform about outcomes of the 15th legislature’s third session.
Competition between different localities in Vietnam needs to be avoided, specifically because preventing these connections inhibits broader socio-economic development goals.
Minister of Transport Nguyen Van The has confirmed that around 86 trillion VND from the State budget will be invested in developing an expressway system for the Mekong Delta region.
The National Assembly (NA) is discussing investment in several major road projects and a draft resolution on some special policies for south-central coastal Khanh Hoa province on June 10, part of its ongoing third session in Hanoi.
Ho Chi Minh City is implementing a programme that seeks to restore capital resources for investment in transport infrastructure to drive socio-economic recovery and growth for 2022 – 2025.
A vast major economic zone covering 40,400 sq.km., the Mekong Delta boasts abundant advantages in agricultural production and investment attraction across a variety of fields. However, for years, the slow development transport infrastructure has hindered the development of the region.
The Chairman of the People’s Committee of the northern province of Bac Giang has approved a project to build Dong Viet Bridge and a road leading to it in Yen Dung district, at a total investment of nearly 1.5 trillion VND (65.67 million USD).
Infrastructure development, including transport infrastructure, is a strategic breakthrough of the Party and the State, Prime Minister Pham Minh Chinh said at a meeting between the Government and localities on March 1.
Thailand is planning major infrastructure projects worth 1.49 trillion THB (45.16 billion USD) this year to improve its land, sea, and air connectivity.
The Ministry of Transport is coordinating with relevant ministries and agencies to develop a portfolio of transport projects and specific mechanisms for the implementation of the projects which will form part of the Government’s socio-economic recovery and development programme post-COVID-19, according to Minister Nguyen Van The.
Vietnam will need about 313 trillion VND (13.7 billion USD) to develop a modern seaport system between now and 2030, and the funding will mostly come from non-budget sources.
The Ministry of Transport has released plans to overhaul waterway transport links across the country by 2030, to attract business and investment into transport infrastructure.
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.
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