Construction

The company sets a revenue target of over VND35 trillion (US$1.5 billion) in 2021, up 7% year-on-year, and pre-tax profit of VND2.3 trillion (US$99 million), or an increase of 13%.

The Hanoi's key road project worth US$17.3 million is expected to be operational on January 10, 2021, two months ahead of schedule.

The Hanoitimes Urbanisation has helped push up Hanoi’s economic growth. Yet the lack of synchronous solutions may bring about various problems for the city including environmental pollution.

The disbursed amount of official development assistance (ODA) funds in Vietnam in the first nine months of 2020 stood at only VND26 trillion (US$1.12 billion), equivalent to 32.43% of the year’s estimate.

The first phase of the two runway upgrade projects of Noi Bai and Tan Son Nhat airports are expected to be completed by the end of 2020, and become operational in early 2021.

Hanoi has set up six task force teams specialized in accelerating disbursement of public funds.

Vietnam has already held a number of advantages for smart city development, including a broad coverage of 4G network, high accessibility of IT services and smartphone penetration in the country.

Quicker disbursement of ODA funds shows the government’s responsibility and capability in utilizing funds in the eyes of investors and donors.

If the planning on both sides of the Red River can be implemented, it will bring many benefits to Hanoi, helping the city to develop infrastructure, traffic, and housing, according to experts.

After more than 10 years of the expansion of the administrative boundaries, one of the obvious changes that Hanoi has achieved is the more modern and civilized urban appearance.

The result shows strong improvements in disbursing public funds in the first nine months this year.

Vietnam is determined to have the best transportation system to serve the country’s goal of industrialization and modernization, Prime Minister Nguyen Xuan Phuc has said.

As the disbursed amount between January and August was equivalent to 50.7% of the target, the government is under pressure to spend the remaining 50% in the remaining four months.

The Vietnamese government would still prioritize mobilizing ODA funds and preferential loans for major projects that support Vietnam’s sustainable development.

The Vietnamese government remains steadfast in disbursing the full target amount of VND630 trillion (US$27.26 billion) to aid economic recovery.

Foreign contractors will play an increasingly important role over the next decade, as the new PPP Law signals the government’s intention to attract more private sector investments.

The three sub-projects set for construction in September are sections of Mai Son – National Highway No.45, Vinh Hao – Phan Thiet, and Phan Thiet – Dau Giay.

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

The construction industry grew 4.5% year-on-year during the first six months of 2020, which was higher than the GDP growth rate of 1.8%.