Want to be in the loop?
subscribe to
our notification
Business News
MEKONG DELTA NEEDS $4B TO IMPROVE INFRASTRUCTURE TO MITIGATE CLIMATE CHANGE
The Cửu Long (Mekong) Delta needs more than VNĐ94.3 trillion (nearly US$4 billion) to improve its road infrastructure in order to boost its inter-provincial connectivity while mitigating the impacts of climate change.
Of the figure, foreign loans would be more than $2.8 billion and the rest (reciprocal capital) from the State budget.
The region needs to invest in 16 projects to build coastal roads and freshwater reservoirs to improve water storage and mitigate coastal erosion, among other goals.
The proposal was made by the ministries of Transport and Agriculture and Rural Development and 13 localities (including 12 provinces and Cần Thơ City) at the first meeting of the Steering Committee for Sustainable Development Projects in the Mekong Delta to respond to climate change organised in Cần Thơ last weekend.
The projects include one which requires large investment such as the 415-km long coastal road system passing through seven provinces: Tiền Giang, Bến Tre, Trà Vinh, Sóc Trăng, Bạc Liêu, Cà Mau and Kiên Giang with a total investment of up to VNĐ43 trillion.
Other projects will build Măng Thít river embankment (second phase) costing more than VNĐ4.15 trillion in Vĩnh Long; expand the 37-km National Highway 61C for VNĐ3.9 trillion in Hậu Giang; and build roads in the southern part of Tiền (Front) River for VNĐ4.26 trillion in Đồng Tháp.
Another project will build freshwater reservoirs and irrigation infrastructure in the Long Xuyên Quadrangle worth more than VNĐ2.66 trillion in An Giang.
Cần Thơ City authorities want to invest nearly VNĐ9.8 trillion in expanding National Highway 61C (by 10.2 km), building the 22.5-km Ô Môn - Thới Lai - Giồng Riềng connecting road system, and building Ô Môn bridge across the Hậu (Rear) River to connect it with Đồng Tháp Province.
In addition, the Ministry of Transport has proposed upgrading 46km of National Highway 53, 77km of National Highway 62, and 142km of Nam Sông Hậu road, with a total investment of nearly VNĐ7.16 trillion.
The Ministry of Agriculture and Rural Development has proposed developing three projects with a total investment of nearly VNĐ6.62 trillion.
Those include projects to renovate the canal system to transfer water from Hậu River to Cà Mau peninsula; renovate the inter-provincial canal system between Tiền River and Hậu River; and build the Bảo Định - Gò Công - Tân Trụ irrigation system (in Long An Province).
The Ministry of Planning and Investment has proposed the Government allocate 90 per cent of the investment needed to implement those projects. The rest (10 per cent) will be sourced from loans.
The projects are part of a Government master plan for the region (published last June) to respond to global warming by 2050.
The Mekong Delta, which is the country’s largest agricultural production hub, accounts for 12 per cent of the country’s total area and 19 per cent of total population.
Located on trade routes with ASEAN countries and the Greater Mekong sub-region, the region has a dense network of rivers and canals, which has advantages in agricultural development and the food industry.
It has, however, faced a number of challenges due to the impacts of climate change with sea levels rising much faster than expected, affecting livelihoods and lives of people.
Due to the impacts of climate change, the region has suffered from serious ecological imbalance, land subsidence, water level decline, coastal encroachment, natural forest areas, over-exploitation of sediment and increased risk of erosion.
Source: VNS
Related News
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.
LÂM ĐỒNG TARGETS DIGITAL ECONOMY TO ACCOUNT FOR 30 PER CENT OF GRDP BY 2030
Lâm Đồng Province aims to raise the digital economy’s contribution to around 30 per cent of its gross regional domestic product (GRDP) by 2030, as part of a five-year plan to develop digital economy and society issued recently. Under Plan No. 15358/KH-UBND, the province targets more than 60 per cent of small- and medium-sized enterprises (SMEs) to adopt digital technologies by 2030 while increasing the value of cashless payments to 30 times its GRDP.






















