Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM PLANS EXPANSION OF 15 SECTIONS OF NORTH-SOUTH EXPRESSWAY
A bird’s eye view of a section of the North-South Expressway - PHOTO: LE VU
HCMC – Vietnam’s Ministry of Construction has proposed expanding 15 sections of the eastern North-South Expressway, instead of prioritizing upgrades on the busiest stretches, with construction on eligible projects expected to start in early 2027.
Minister of Construction Tran Hong Minh on June 2 approved a plan to expand 15 component projects along the eastern North-South Expressway that were initially built under a phased investment approach.
The sections slated for expansion include Mai Son-National Highway 45, National Highway 45-Nghi Son, Nghi Son-Dien Chau, Bai Vot-Ham Nghi, Ham Nghi-Vung Ang, Vung Ang-Bung, Bung-Van Ninh, Van Ninh-Cam Lo, Quang Ngai-Hoai Nhon, Hoai Nhon-Quy Nhon, Quy Nhon-Chi Thanh, Chi Thanh-Van Phong, Van Phong-Nha Trang, Vinh Hao-Phan Thiet, and Phan Thiet-Dau Giay.
All 15 sections will be expanded to a full six-lane expressway standard, with design speeds of 100-120 km/h.
The preliminary investment cost for the 15 component projects is estimated at around VND129 trillion. Once completed, toll collection will be implemented on the expanded sections to help recover investment costs for the state budget.
Three sections developed under public-private partnership (PPP) formats, namely Dien Chau-Bai Vot, Nha Trang-Cam Lam and Cam Lam-Vinh Hao, are also being considered for expansion.
The Ministry of Construction said existing investors would be given priority to study and implement the upgrades, though the projects could be converted to public investment if the investors are unable to proceed.
Minister Tran Hong Minh instructed relevant agencies to finalize the necessary documentation for submission to the government and the National Assembly for approval. Authorities aim to begin construction on eligible projects in early 2027 and complete the expansion of the eastern North-South Expressway by the end of 2030.
Source: The Saigon Times
Related News
MEMBER CORNER / PROMOTIONS
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.
HR / LABOUR/ EMPLOYMENT
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.
HR / LABOUR/ EMPLOYMENT
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.
BANKING / FINANCE / INSURANCE / TAX
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.
GARMENT / TEXTILE
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.
VIETNAM ECONOMY INVESTMENT
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.
Events Sponsors
