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 to complete eastern section of north-south expressway project by 2021
Hai Yen 14:40, 2018/09/17
The transport ministry has completed the feasible study of the project`s eastern section with length of 654 kilometers and investment capital of VND118.71 trillion (US$5.07 billion).
The Vietnamese Ministry of Transport (MoT) has set sight on starting construction of the eastern section in the central region of the north-south expressway in March 2020 and expects to complete it by 2021, according to the government portal. 
 
Illustrative photo.
Illustrative photo.
The MoT completed the feasible study report of the eastern section of the project with length of 654 kilometers and investment capital of VND118.71 trillion (US$5.07 billion). 

The project consists of 11 sub-components, including three public investment projects and eight projects under the form of public-private partnership (PPP). 

Of the PPP projects, the government is seeking opinions of ministries and agencies to determine investment capital of three sub-components (sections Mai Son - Highway 45, Highway 45 - Nghi Son and Dau Giay - Phan Thiet), and under the process of reviewing  the proposed investment capital of the remaining five (sections Nghi Son - Dien Chau, Dien Chau - Bai Vot, Nha Trang - Cam Lam, Cam Lam - Vinh Hao and Vinh Hao - Phan Thiet). 

Once the feasible study report is approved, the MoT will open competitive bidding process to select consultants for technical design and financial estimation, which is scheduled to be completed in 11 months (from October 10, 2018 to August 2019).

Additionally, the process of selecting contractors should take a total of 11 months (from October 2018 to March 2020). 

Meanwhile, the MoT expected the site clearance process to be completed by October 2020. 

With regard to the three projects under public investment, the MoT has completed the approval process for two sub-components, including the Cao Bo - Mai Son and Cam Lo - La Son sections, while the My Thuan 2 bridge is in the final stage of approval. 

It is expected that the Cao Bo - Mai Son and Cam Lo - La Son section will be implemented in April 2019 and completed in 2021. The construction of My Thuan 2 bridge will begin in October 2019 and completed by 2023. 
Comments
Other news
12:17, 2025/02/25
Vietnam eyes top 3 in investment environment in ASEAN next 2 years: Party Chief
A key objective is to trim off at least 30% of administrative procedures and cut both business costs and unofficial fees.
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.