CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
Vietnam starts construction new national expressway
Ngoc Thuy 20:54, 2019/09/16
In the 2021 – 2025 period, Vietnam targets to have at least 2,000 kilometers of expressway and by 2025, the figure would be 4,000 kilometers stretching from northern province of Lang Son to the southernmost province of Ca Mau.
Prime Minister Nguyen Xuan Phuc on Monday ordered the start of construction of the Cam Lo – La Son section, the first out of 11 sub-projects under the Eastern North-South expressway project, the governmental portal reported. 
 
Prime Minister Nguyen Xuan Phuc at the construction commencement. Source: VGP.
Prime Minister Nguyen Xuan Phuc at the construction commencement. Source: VGP.
The Eastern North-South expressway project is of national priority for investment in the 2017 – 2020 period, includes 11 sub-projects with total length of 654 kilometers running through 13 provinces and cities, of which three will be financed by state budget and eight under the public private partnership (PPP) and build-operate-transfer (BOT) formats. 

The 11 projects are estimated to cost a total of VND118 trillion (US$5.04 billion), including VND55 trillion (US$2.35 billion) in state capital to be pumped into three public investment projects, and counterpart funds for the other eight projects. 

The Cam Lo – La Son section runs through Quang Tri and Hue provinces with a length of nearly 100 kilometers and investment capital of VND7.67 trillion (US$320 million). The project is scheduled for completion in 2021. 

PM Phuc stressed the strategic importance of the project in economic development and raising people’s living standard. As of present, over 1,000 kilometers of expressway have been built throughout the country, Phuc added, saying an additional of 900 kilometers would be completed by end-2021. 

In the 2021 – 2025 period, Vietnam targets to have at least 2,000 kilometers of expressway and by 2025, the figure would be 4,000 kilometers stretching from northern province of Lang Son to the southernmost province of Ca Mau, Phuc continued. 
 
Source: VGP.
Expressways would help Vietnamese enterprises reduce costs, which in turn will boost the country’s competitiveness in the context of globalization, he asserted. 

Including the Eastern North-South expressway, Vietnam would have four major transportation routes across the country, including National Route No.1, Ho Chi Minh highway, and coastal highway. 

The highway network, along with the highspeed railway project, which is set to be submitted to the National Assembly for consideration, is expected to create a complete transportation network of road, air, rail and waterway, laying strong foundation for further economic growth, Phuc stated. 

Phuc urged the Ministry of Transport, contractors and Ho Chi Minh Highway Project Management Unit to ensure the project quality and construction progress, preventing any corruption and legal violations during the process. 

For the 2017 – 2020 period, the North-South expressway project is divided into 11 sub-projects, including section from Cao Bo (Nam Dinh province) to Bai Vot (Ha Tinh province); Cam Lo (Quang Tri) to La Son (Hue); Nha Trang (Khanh Hoa) to Dau Giay (Dong Nai); My Thuan 2 bridge (Tien Giang and Vinh Long). 

Three public investment projects are Cao Bo (Nam Dinh) – Mai Son (Ninh Binh), Cam Lo (Quang Tri) – La Son (Thua Thien - Hue), and My Thuan 2 bridge (Tien Giang – Vinh Long).
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.