With a strong certainty that air travel will recovery when the pandemic ends, airports are seen as long-term asset. In that case, any decision related to airport projects must be for the long-term view.

The Ministry of Transport would review this loan and report to the government.

Since 2016, the city has reduced traffic congestion at 63 streets and junctions.

The first phase of the project, estimated at VND99 trillion (US$4.25 billion), is set to be completed within 60 months and become operational by December 2025.

One of the key breakthroughs for Hanoi’s development is urban transportation, including ongoing urban railway projects, Hanoi’s mayor Chu Ngoc Anh has said.

The move would help form a network of expressways connecting vital routes.

Prior to the passage of the PPP law, Vietnamese authorities had been struggling to attract private capital to the country’s burgeoning infrastructure sector.

A lack of a unified legal framework governing PPP is the main factor that Vietnam’s infrastructure sector growth potential is capped at 6.1% per year through 2029.

There are three key strategies that can help Vietnam achieve its ambitious development targets in the coming years.