Business News

The HCMC Department of Construction has proposed a list of 58 priority infrastructure projects for implementation in the 2026-2030 period to address four major urban challenges, including traffic congestion, flooding, canal-side housing upgrades, and the city’s growing demand for social housing. The largest share of the proposed projects, with 27 in total, is focused on easing traffic congestion and enhancing regional links.

HCMC has ordered agencies and local authorities to accelerate public investment disbursement, which reached a mere 10.5% of the full-year target in the first four months of the year. The city aims to fully disburse its record VND147.6 trillion public investment plan this year by removing bottlenecks related to land clearance, administrative procedures and construction, reported the Vietnam News Agency.

Vietnam has brought more than 3,800 kilometers of expressways into operation and technical service, marking a significant step forward in the development of the country’s traffic infrastructure network. According to the latest report from the Ministry of Construction, Vietnam’s transport infrastructure network is being gradually completed in line with national planning. Of the total expressway length, about 3,345 kilometers are main expressway routes, while 458 kilometers consist of interchanges and access roads.

Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.

Authorities in the Mekong Delta province of Dong Thap have proposed seven major expressway and national highway projects for 2026-2030, with total capital estimated at around VND47.9 trillion. Central government funding is expected to account for the bulk, at about VND45.8 trillion, while the province will contribute more than VND2.1 trillion in counterpart capital. 

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Work will start on major projects in transportation, urban development and logistics sectors in HCMC this month, coinciding with Vietnam’s Reunification Day, April 30. They include the N3 ramp at the An Phu interchange with an investment of VND3.4 trillion and the 1.69-hectare Tan Chanh Hiep Park. In addition to these, seven other projects are slated to break ground within the month, including the Ho Tram – Long Thanh airport urban expressway, the Nha Rong – Khanh Hoi port area and the Ho Chi Minh Museum expansion.