Over 6.2 billion USD needed for expanding North-South expressway

16:50 | 28/03/2025 Society Follow Ven.vn on

The Ministry of Construction has proposed expanding the 1,144-km eastern wing of North-South expressway from Hanoi to Ho Chi Minh City from four to six lanes, at an estimated cost of 152.1 trillion VND (around 6.2 billion USD).

A section of the North–South Expressway with a limited four-lane configuration has been put into operation. (Photo: Vietnam+)

In its report to the Prime Minister, the ministry outlined special investment mechanisms, including the appointment of contractors for consultancy and construction packages, with a preference for firms that have previously worked on sections of the expressway. Additionally, construction companies will be exempted from mining permits for common building materials.

If approved, the ministry aims to secure the legislature’s investment policy approval by June 2025, with construction expected to begin in the fourth quarter of this year. The project is projected to disburse between 23–35 trillion VND (940 million - 1.43 billion USD) in 2025, with the remaining between 2026 and 2027.

Officials emphasised that the upgrade is essential to accommodate rising traffic demand, support the target of 8% GDP growth, and help achieve a GDP of 500 billion USD in 2025. It is also expected to enhance traffic safety and address the limitations of the current four-lane expressway./.

Source: en.vietnamplus.vn

See more news

Consumer protection: No longer a national issue

15:51 | 07/04/2025 Society

(VEN) - In the context of a globalized economy, the rights of consumers are no longer a national internal issue. They have become a common concern for the international community.

Vietnam tightens port and offshore activity control to tackle IUU fishing

22:12 | 05/04/2025 Society

Vietnamese localities are intensifying efforts to combat illegal, unreported, and unregulated (IUU) fishing, enhancing control over fishing ports and offshore activities in accordance with the European Commission’s (EC) recommendations.

Cordyceps production chain improves lives of ethnic communities

17:48 | 04/04/2025 Society

Cordyceps not only is a natural treasure, but also paves the way for sustainable prosperity, helping ethnic minorities in Dien Bien Province secure a stable livelihood.

Shortage of high-quality textile and garment workforce: What does the ILO recommend for Vietnam?

17:23 | 04/04/2025 Society

(VEN) - As the “AI storm” gradually penetrates manufacturing, industries, including textiles and garments, must adapt to the new circumstance to remain competitive.

Vietnam calls on RoK to share expertise in high-speed railway development

16:37 | 01/04/2025 Society

Minister of Construction Tran Hong Minh applauded the RoK’s proposal to organise a railway cooperation forum, seeing it as an opportunity for state management agencies, experts, research institutions, universities, and businesses of Vietnam to gain insights from the RoK’s experience in planning, construction, maintenance, and developing high-speed rail industry.

Vietnam, US strengthen higher education cooperation

16:20 | 01/04/2025 Society

Deputy Minister of Education and Training Nguyen Van Phuc highlighted the growing educational partnership between the two nations, with 30,000 out of 200,000 Vietnamese citizens studying abroad being in the US. In the 2022-2023 academic year, Vietnamese students ranked fifth globally in terms of numbers of international students in the US, rising by 5.7%.

Party chief offers incense to fallen heroes in Da Nang

16:53 | 29/03/2025 Society

Party General Secretary To Lam laid wreaths and offered incense to heroic martyrs at a memorial site in the central city of Da Nang on March 29.

Addressing bottlenecks in Vietnam’s rice industry

19:02 | 28/03/2025 Society

To enhance the competitiveness of rice and fully leverage its potential, experts believe Vietnam must improve rice quality and establish a strong, distinctive brand in the global market.

Dien Bien promotes high-tech agriculture to drive development in ethnic minority areas

10:34 | 27/03/2025 Province

(VEN) - The application of high technology in the agricultural sector is an inevitable trend, as it helps improve productivity, increase product quality, and expand the market. Despite not having many natural advantages, the northwestern province of Dien Bien has made significant strides in developing high-tech agriculture, especially in ethnic minority areas.

Ho Chi Minh City is favored to be an international financial hub: Experts

17:33 | 25/03/2025 Society

Experts believe that Ho Chi Minh City is well-positioned to be a commodities exchange center, given its strength in exporting key goods on a global scale.

Latest Most Read

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

(VEN) - With a strong determination to “innovate from the core” for sustainable development in the future, Petrovietnam has officially adopted its new designation as the Vietnam National Industry - Energy Group.

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

Party chief attends grand art performance celebrating national reunification

15:25 | 21/04/2025 News and Events

Party General Secretary To lam, who is also Secretary of the Central Military Commission, attended a grand art performance programme held in Ho Chi Minh City in the evening of April 20 as part of nationwide celebrations marking the 50th anniversary of the liberation of the south and national reunification (April 30, 1975 – 2025).

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

Deputy PM calls for elevating Vietnam-Uzbekistan relations

10:22 | 08/04/2025 Cooperation

Vietnamese Deputy Prime Minister Tran Hong Ha held talks with his Uzbekistani counterpart Jamshid Khodjaev in Tashkent on April 7, calling for the two countries to maximise their potential and deepen bilateral ties in line with their people’s interests and aspirations, contributing to regional and global peace, cooperation, and development.

Vietnam to seek US tariff postponement to serve negotiations

10:29 | 08/04/2025 News and Events

Prime Minister Pham Minh Chinh chaired a meeting with ministries and sectors on late April 7 to discuss the development of balanced and sustainable trade with the US.

Vietnam's top legislator meets with Uzbek President in Tashkent

08:43 | 08/04/2025 News and Events

Chairman of the Vietnamese National Assembly (NA) Tran Thanh Man met with Uzbek President Shavkat Mirziyoyev in Tashkent on April 7 afternoon (local time), within the framework of his official visit to the Central Asian country and his attendance at the 150th Assembly of the Inter-Parliamentary Union (IPU-150).

Vietnam’s wood exports surge in early 2025, but face mounting headwinds

11:29 | 08/04/2025 Trade

Generating tens of billions of dollars in export revenue, Vietnam’s wood industry is now bracing for a tariff storm, as the United States is set to impose a 46% reciprocal tariff on Vietnamese goods.

Vietnam takes swift, proactive actions in response to new US tariff policy

16:49 | 08/04/2025 Policy

Since April 3, right after US President Donald Trump’s announcement, Party and State leaders have engaged in various meetings, working sessions, and phone calls to discuss and find solutions to remove the tariff barriers imposed by the US government, and ensure the harmonisation of interests for both sides.

Multimedia

Video Longform Infographic Photo

Proposed names for 34 provincial-level administrative units after mergers

16:42 | 16/04/2025 Infographic

On behalf of the Party Central Committee, on 12 April 2025, Party General Secretary To Lam signed and issued Resolution No. 60-NQ/TW of the 11th plenum of the 13th Party Central Committee. The Central Committee agreed on a policy to restructure provincial-level administrative units across the country, reducing the total to 34 units, comprising 28 provinces and 6 centrally governed cities.

Vietnam-China Comprehensive Strategic Cooperative Partnership

15:55 | 14/04/2025 Infographic

General Secretary of the Communist Party of China Central Committee and President of China Xi Jinping is paying a State visit to Vietnam from April 14-15. This marks his fourth State visit to Vietnam as General Secretary and President of China, and his second visit within the same term. The visit coincides with the 75th anniversary of diplomatic relations between the two countries. It aims to strengthen the Vietnam-China Comprehensive Strategic Cooperative Partnership and elevate bilateral ties to a new height.

Vietnam's economy thrives in Q1 2025

16:45 | 12/04/2025 Infographic

In the first quarter of 2025, Vietnam’s economy showed signs of recovery, with several key indicators recording strong growth despite ongoing global uncertainties.

Infographic: Gold prices fluctuate following US retaliatory tariff announcement

21:45 | 04/04/2025 Infographic

On April 4, global gold prices fluctuated significantly, trading at 3,085 USD per ounce after US President Donald Trump announced new retaliatory tariffs on goods from different countries. In the domestic market, SJC gold bars and rings both saw a decline, trading at 101.3 million VND and 101.2 million VND per tael respectively.

Seven key missions of the National Data Association

20:07 | 30/03/2025 Infographic

The National Data Association has made its official debut and successfully held the 1st National Congress (2025-2030 term)in Hanoi recently.

Policy

14th National Party Congress’s draft documents more revolutionary, action-oriented, highly feasible: PM

16:31 | 16/04/2025 Policy

In the political repor, along with adding the learned lessons and forecasting the context and situation, it highlights the following viewpoints: ensuring development for stability, and stability for rapid and sustainable development of the country; promoting the comprehensive building and improvement of institutional frameworks for fast and sustainable development; addressing bottlenecks and obstacles in a timely and decisive manner; and unlocking all resources and mobilising all drivers of growth.

Party chief requires no disruptions to operations throughout restructuring process

16:12 | 14/04/2025 Policy

Party General Secretary To Lam noted that priority will be given to finalising guiding documents, amending the 2013 Constitution, and improving legal institutions and regulations to establish a robust legal framework for effective organisational apparatus streamlining.

District-level local governments to cease operations from July 1: draft law

16:53 | 13/04/2025 Policy

Vietnam's local government model will be restructured from a three-tier system to a two-tier one, with the district level eliminated.

Australian scholar praises Vietnam’s remarkable 50-year transformation

16:28 | 12/04/2025 Policy

Vietnam must always be able to evaluate its own strengths and weaknesses while pursuing a long-term strategic vision. The country can learn from other countries, but it must always pursue its national interests. This requires unity among the population, political stability, constant adaptability and critical innovation.

Industry & Trade

Hanoi to develop 254-million-USD industrial cluster

21:13 | 19/04/2025 Industry

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Vietnam sets ambitious targets in revised national power development plan

18:56 | 17/04/2025 Industry

The Vietnamese government has officially revised the eighth national power development plan, setting bold targets for electricity production and renewable energy adoption through 2050.

Prime Minister urges COMAC to support Vietnam in developing aviation industry

17:12 | 14/04/2025 Industry

The PM said that the Party and State of Vietnam always encourage major enterprises, representing high levels of science and technology of China, to participate in new investment projects and expand investments in the fields of road, railway and aviation infrastructure in Vietnam.

Steel industry seeks solutions amid tariff "shock"

17:12 | 13/04/2025 Industry

In the midst of the United States’ tariff “storm”, Vietnamese steel has been excluded because it has been already subjected to a 25% tariff since 2018. Nevertheless, over-optimism is ill-advised, as other countries facing barriers to the US market may redirect their low-priced steel to Asia and Vietnam, creating significant pressure on domestic steel.

Investment

Ho Chi Minh City’s FDI rebound attracts high-tech giants

21:23 | 19/04/2025 Investment

Foreign direct investment (FDI) in Ho Chi Minh City has recently rebounded after a period of stagnation, with several major high-tech companies unveiling plans to invest in the southern hub, driven by the city's improved investment climate.

Korean firms encouraged to invest more in Vietnam’s energy sector

16:31 | 15/04/2025 Investment

The NA Vice Chairwoman praised KEPCO’s ongoing contributions to Vietnam’s energy landscape and encouraged the company to continue its role as a major investor, supporting the country’s technological advancement and energy development.

Public investment aimed to drive Vietnam’s economic growth

10:48 | 15/04/2025 Investment

(VEN) - Vietnam’s public investment disbursement in Q1/2025 showed positive signs, yet achieving the 95-percent disbursement target for the year remains a challenge.

Hue calls for investment in the Chan May – Lang Co Economic Zone

23:36 | 11/04/2025 Investment

The central city of Hue is calling for investment in many key projects within the Chan May – Lang Co Economic Zone for the period of 2025–2026, aiming to give a facelift to its important southern economic region.

Finance-Banking

Remittances to HCM City reach over 2.41 billion USD in first quarter

08:21 | 20/04/2025 Finance-Banking

Remittances to Ho Chi Minh City maintained a positive growth rate in the first three months of 2025, reaching over 2.41 billion USD, accounted for 25.3% of the total for the entire year 2024 and marking an increase of 19.6% compared to the previous quarter.

National committee meets to accelerate ODA, concessional loan disbursement

14:43 | 15/04/2025 Finance-Banking

Deputy Prime Minister Bui Thanh Son has underscored the need to improve processes, streamline procedures, and capitalise on financial resources to support national development.

Vietnam accelerates rollout of 500 trillion VND credit package for infrastructure and technology firms

15:36 | 12/04/2025 Finance-Banking

The State Bank of Vietnam (SBV) held a meeting in Hanoi on April 10 to implement the Government’s directive on lending to businesses investing in infrastructure and digital technology.

Hong Kong paves way for Vietnam–China finance link

19:25 | 10/04/2025 Finance-Banking

Hong Kong (China) is stepping up its role as a vital financial conduit between Vietnam and China, leveraging its global financial hub status to deepen cross-border cooperation, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Environment

Vietnam's carbon market: Prudent approach to avoid costly outcomes

08:53 | 18/04/2025 Environment

According to experts, to ensure a harmonious balance between greenhouse gas (GHG) emissions reduction and economic development, it is essential to explore and assess different scenarios of design and governance options for Viet Nam’s carbon market.

Moc Chau Milk centers on green development and growth

16:06 | 17/04/2025 Environment

(VEN) - The Moc Chau high-tech dairy processing plant operates with a closed-loop production system, comprehensively integrating Industry 4.0 technologies in management and operations. This approach meets international standards, which helps protect the environment, conserves resources, and ensures sustainable development criteria.

Extra efforts requested to address forest fire consequences in Quang Ninh

16:56 | 16/04/2025 Environment

From the night of April 12 to the morning of April 13, two forest fires occurred in Ha Long city's Dai Yen ward, and Binh Lieu district's Binh Lieu town, damaging over 40 hectares of forests.

Hanoi to host major green growth summit this month

16:44 | 11/04/2025 Environment

Vietnam's hosting the fourth Partnership for Green Growth and the Global Goals 2030 (P4G) Summit reflects its push to meet climate commitments, slash emissions, and shift its growth model with global support.

Science - Technology

PM applauds youth entrepreneurship at National Startup Day for Students

21:40 | 20/04/2025 Science - Technology

Since its inception seven years ago, Project 1665 has achieved significant milestones. All universities, academies, colleges, vocational schools, and 63 provincial/municipal Departments of Education and Training now have actionable plans to support student entrepreneurship.

Nuclear energy development to facilitate green transition: Conference

22:10 | 18/04/2025 Science - Technology

Deputy Prime Minister Nguyen Chi Dung emphasised that developing atomic energy, including nuclear power, is essential to achieving double-digit economic growth and supporting Vietnam’s green and digital transitions.

HCM City seeks stronger hi-tech cooperation with US, Japan, RoK

16:47 | 15/04/2025 Science - Technology

At the meeting, Director of HCMC C4IR Le Truong Duy shared the city’s vision to establish a world-class public-private technology exchange platform. This hub will serve as a gateway for cutting-edge technologies from the US, Japan, and the Republic of Korea to enter Vietnam, enabling collaborative innovation and creating valuable tech products for the global market.

Da Nang, RoK to train next generation of Vietnamese software experts

13:24 | 11/04/2025 Science - Technology

The collaboration between Vietnam – Korea University of Information and Communication Technology (VKU) and the Korea SMEs and Startups Agency (KOSME) leverages the robust infrastructure and networks of both sides to advance software talent development in Vietnam.

Society

Vietnam steadily marches into new era of growth

16:35 | 21/04/2025 Society

Workers proactively enhance productivity in new era

15:32 | 21/04/2025 Society

Can Tho-Ca Mau expressway project must be completed by December 19: PM

21:49 | 20/04/2025 Society

The expressway, spanning over 110 km, connects Can Tho city with Hau Giang, Bac Lieu, Kien Giang, and Ca Mau provinces, complemented by 25.85 km of connecting routes.

HCM City makes strides in sustainable poverty reduction

16:49 | 13/04/2025 Society

Vietnamese Brands

Petrovietnam: New milestone - New vision for sustainable development

16:21 | 21/04/2025 Vietnamese Brands

Vietnam Oil and Gas Group renamed Vietnam National Industry - Energy Group

22:18 | 10/04/2025 Vietnamese Brands

With this new name, Petrovietnam reaffirms that it is no longer solely a traditional oil and gas enterprise. It now positions itself as a national hub for industrial development, service innovation, and energy security, and is committed to sustainable development, technological modernisation, and ensuring energy stability for the nation.

Vietnamese enterprises float products at world's largest startup fair in India

21:59 | 05/04/2025 Vietnamese Brands

Startup Mahakumbh 2025 is expected to help Vietnamese firms learn startup and digital transformation initatives from India and other countries, access innovation experiences of leading global enterprises, and introduce their startup products to the world.

Philosophy 3C and story of smart consumption

09:15 | 22/03/2025 Vietnamese Brands

(VEN) - Pharmacist Nguyen Xuan Hoang - Chairman of International Medical Consultants Co., Ltd. - IMC shared, “In modern society, in order for a product to reach consumers, aside from quality and technology, attention must also be paid to the story behind the product and the smart consumption habits of consumers.”

Culture

Vietnamese cultural values introduced to international friends in Mexico

20:55 | 30/03/2025 Culture

Diverse and distinctive cultural values of Vietnam are promoted at the "Vietnam Culture Day" event held from March 29-30 in Mexico City, attracting representatives from diplomatic corps and local authorities, international friends, and local residents.

Hung Kings’ Festival 2025: a grand celebration of culture and heritage

15:21 | 30/03/2025 Culture

According to the organising committee, these two major events will feature various unique activities that embody the heroic spirit of the Hung Kings era while maintaining a connection to contemporary society.

Vietnam works to seek UNESCO status for Binh Dinh martial arts

18:00 | 29/03/2025 Culture

Deputy Prime Minister Mai Van Chinh has approved the submission of a proposal to the UNESCO for the inclusion of "Binh Dinh Traditional Martial Arts" in the Representative List of the Intangible Cultural Heritage of Humanity.

Nghe An to host ASEAN exhibition this May

16:47 | 24/03/2025 Culture

The beauty of ASEAN’s people and landscapes will be on show from May 10 to May 20 at an exhibition held in Nghe An province.

Tourism

Highland products, soul of Son La’s community-based tourism

09:34 | 17/04/2025 Tourism

(VEN) - Son La Province – a majestic land in the Northwestern highlands of Vietnam – captivates visitors not only with its pristine natural beauty, but also with its distinctive local specialties. However, amid the flourishing wave of community-based tourism, there are still gaps in integrating highland products as essential parts of the tourist journey.

Vietnam’s scenic landscapes attract Hollywood filmmakers

15:15 | 30/03/2025 Tourism

With its breathtaking landscapes, filmmaker-friendly policies, and a clear strategy for industry growth, Vietnam is poised to become a major hub for film tourism.

Positioning unique tourism products to enhance attractiveness of Vietnamese cities

17:56 | 29/03/2025 Tourism

The meeting provided a valuable opportunity for Vietnamese members to share experience and best practices in tourism management while enhancing collaboration with international counterparts. By hosting this prestigious event, Hanoi reaffirmed its proactive role in driving connectivity and sustainable tourism growth.

Hue gears up for new tourism opportunities

09:02 | 27/03/2025 Tourism

(VEN) - The National Tourism Year – Hue 2025 has officially commenced, bringing new growth expectations for Vietnam’s tourism industry as well as Hue City.

Over 6.2 billion USD needed for expanding North-South expressway

See also

See more news

Multimedia