Want to be in the loop?
subscribe to
our notification
Business News
LONG AN PROVINCE SEEKS FUNDS FOR TRANSPORT PROJECTS
The Mekong Delta province of Long An has asked the Ministry of Transport to provide funds for transport infrastructure projects including N1, N2, and No.62 national route projects.
The proposals were made at a meeting held by the Ministry of Transport and the provincial authority on Monday about transport management and infrastructure in the provincial area.
It also asked for approval for an expressway project through HCM City-Long An-Tiền Giang Province, and to allow the province to use land along Belt Ring Road No.2 and No.3 project to call for investment.
In addition, the province asked the ministry to dredge Soài Rạp River to allow big vessels to enter the province’s port.
At the meeting, Minister of Transport Nguyễn Văn Thể considered all the proposals of the province and directed units to prioritize research and funding for N1, N2, and No.62 national route projects.
In addition, the ministry has directed units to carefully inspect and propose investment for projects such as Belt Ring Road No.2 and No.3, and HCM City- Long An- Tiền Giang expressway, which play an important role in socio-economic development of the province and nearby cities.
According to the province’s report, the waterway and road transport system of the province has contributed to the socio-economic development of the province and the Cửu Long (Mekong) Delta region.
However, the transport system in the area still has many shortcomings.
At the meeting, the province’s authority said the section of the national road project passing through Long An was behind schedule, and some roads were in poor condtion.
In addition, the intersections which connect the province and HCM City on National Route No.1 and No.50 were small and led to traffic jams.
These shortcomings hindered the socio-economic development of the provinces and cities in the region.
Source: VNS
Related News
![Card image cap](/uploads/Logo/Cathay%20%281%29.jpg)
EXPLORE HONG KONG WITH A COMPANION
From now until 19 August 2024, you can enjoy our exclusive Fly 2 Hong Kong offer on round-trip Economy flights from USD364^ for 2 persons, sponsored by Hong Kong International Airport. Bring along a travel buddy and experience together the excitement and charm of our vibrant home city.
![Card image cap](/uploads/news/Factory%201.jpg)
BUSINESSES INCREASE WISHES FOR SPECIALISED INDUSTRIAL PARKS
Data centres, industrial parks (IPs) reserved for high-tech production, and parks serving Chinese, the United States, Taiwanese, or Japanese investors are gradually being formed to welcome new funding waves, according to Truong An Duong, general manager of North Vietnam and Residential at Frasers Property Vietnam.
![Card image cap](/uploads/news/economic.jpg)
VIETNAM’S H1 ECONOMIC GROWTH QUITE IMPRESSIVE: ADB COUNTRY DIRECTOR
Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4 per cent in the first half of this year. The growth was mainly driven by strong trade recovery, where export grew by 14.5 per cent and import by 17 per cent over last year, he told the Vietnam News Agency. However, he said, the domestic segment remained sluggish.
![Card image cap](/uploads/news/Infrastructure13.jpg)
REAL ESTATE FIRMS AGGRESSIVELY RESTRUCTURING BOND DEBT
From the start of 2024 to July 5, the market saw 133 private placements and ten bond public offerings, totalling over VNĐ140 trillion. 65.6 per cent of this value was from the banking sector, while real estate bonds accounted for only 24.6 per cent, or over VNĐ34.5 trillion.
![Card image cap](/uploads/news/Eco2.jpg)
GOV’T UNVEILS ACTION PLAN TO ACCELERATE INDUSTRIALISATION
Vietnam aspires to become among the top three industrial powerhouses in ASEAN, with the industrial sector contributing over 40 per cent to GDP. The manufacturing and processing sector is expected to account for around 30 per cent of GDP, with a strong emphasis on high-tech products aiming for over 45 per cent of the sector's value. To further drive the economy, the service sector is projected to contribute over 50 per cent to GDP, with tourism alone generating 14-15 per cent.
![Card image cap](/uploads/news/Industrial%20Zone.jpg)
VIỆT NAM TARGETS FULL MOBILE BROADBAND COVERAGE ON HIGHWAYS, INDUSTRIAL ZONES BY 2025
By 2025, Việt Nam aims to achieve one hundred per cent mobile broadband coverage on all national highways, expressways and railways under a plan to enhance the quality of Việt Nam’s mobile telecommunications network by 2025, which has been approved by the Ministry of Information and Communications (MIC).