Want to be in the loop?
subscribe to
our notification
Business News
LAWMAKERS VOTE ON US$ 6.6 BILLION EASTERN NORTH-SOUTH EXPRESSWAY PROJECT
The National Assembly passed a resolution on investment policy of the Eastern North-South Expressway project for 2021-2025.
With 469 out of 474 votes in favor, the National Assembly voted on VND146.9 trillion (US$6.6 billion) to finance the construction of the entire 12 sub-components under the Eastern North-South expressway project in the 2021-2025 period.
The project will span 729 kilometers with a total area of 5,481hectares, consisting of sections from Bai Vot (Ha Tinh) to Vung Ang (Ha Tinh), Cam Lo (Quang Tri), from Quang Ngai to Nha Trang (Khanh Hoa), and Can Tho to Ca Mau.
The East North-South Expressway is one of the trillion-dollar infrastructure projects that will be urgently deployed in 2022, opening up many opportunities for developing domestic freight and enhancing freight transport connectivity in the field of import and export goods.
The East North-South Expressway plays an important role, running across the country. With the starting point being HuuNghi border gate (Lang Son) to the end point being the ring road of Ca Mau city, the North-South highway passes through the nodes of Lang Son, Ha Noi, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Tri, Da Nang, Quang Ngai, Binh Dinh, Nha Trang, Phan Thiet, Dau Giay, Long Thanh, Ben Luc, Trung Luong, My Thuan, Can Tho and Ca Mau.
Source: VGP
Related News
VIETNAM EYES 8% GDP GROWTH IN 2025
The State Bank of Vietnam (SBV) has been tasked with closely monitoring global and regional economic developments and adjusting monetary policies to align with shifts in major economies. The directive emphasizes reducing lending rates, managing deposit rates at commercial banks, and ensuring credit flows remain uninterrupted in early 2025.
GOVERNMENT MEMBER FOR 2021-2026 TERM
The 2021-2026 government term was recently consolidated after the 8th session of the 15th National Assembly. It consists of 27 members, including the Prime Minister, five Deputy Prime Ministers, and 21 ministers and heads of ministerial-level agencies.
EXCLUSIVE OFFER FOR HKBAV MEMBERS
Minimum order: 1 box (10 gift boxes per box; 6 gift bags per box)Free shipping on orders over 2 million VND (nationwide delivery across Vietnam)Volume discounts available for large orders
TOTAL FDI REGISTERED IN VIETNAM HITS 31.4 BILLION USD IN JANUARY-NOVEMBER
As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.
QUANG TRI TARGETS 6,000 MW WIND POWER CAPACITY BOOST
The central province of Quang Tri is seeking the Government’s approval to expand its wind power capacity by an additional 1,500-2,000 MW for onshore projects and 2,600-4,000 MW for offshore projects, according to the Vietnam News Agency.
HCMC’S RETAIL SALES REACH NEARLY VND568 TRILLION
HCMC’s retail sector has shown a notable recovery this year, with total retail sales of goods nearing VND568 trillion, an 11% uptick compared to the previous year, according to the HCMC Department of Industry and Trade.This year marks the second consecutive year the city has implemented its market stabilization program, with businesses playing a pivotal role in maintaining stable prices and ensuring a steady supply of goods.