Construction

The construction will cost an estimated VND5,903 billion (US$255 million), of which VND3,088 billion (US$133 million) will be sourced from the state.

All fields, except for security and national defense, must be open for investment, said Prime Minister Nguyen Xuan Phuc.

The move aims to boost transparency in toll collection and avoid tax evasion.

Lach Huyen deep sea port will enable direct exports from northern Vietnam to the US and European markets without transit through ports in Singapore and Hong Kong.

The Ministry of Transport is selecting technical consultants for 11 sections with a combined length of 657 km from the north to the south.

The ratio of public investment to total social investment has been decreasing, while those of the private and foreign-invested sectors are increasing.

PM Nguyen Xuan Phuc noted that Vietnam needs US$25 billion annually for the infrastructure sector until 2020.

The construction ministry’s inspectors have also found out many wrongdoings of Posco at VEC-invested expressway projects.

Hanoi`s landscape has changed a lot with projects in urban areas, buildings and commercial centers.

The Ha Long – Hai Phong expressway helps cut the distance between Hanoi and Ha Long from 180km to 130km and the Ha Long – Hai Phong route from 75km to 25km.

Hanoi is planning to exchange 33.3 hectares of land in the northern districts of Tu Liem and Cau Giay for 3.9 kilometers of road connecting National Highway in the form of Build-Transfer (BT).

Hanoi will shorten the time needed to process applications and grant construction permits from 166 days at present to no longer than 120 days in line with a prime minister instructive dated March 13, 2018.

The domestic construction material market has been stable to date this year, meeting the demand of consumers, according to the Ministry of Construction.

The Hanoi People’s Committee has recently issued Official Letter No. 2238/UBND-DT to request departments to continue carrying out Directive No.08/CT-TTg on taking measures to shorten time for granting construction licenses and relevant procedures.

The Hanoi Housing Development and Investment Corporation (Handico) has recently reviewed the mid-term of the fourth Party congress for the 2015-2020 tenure.

The Hanoi People’s Committee released Decision No. 09/2018/QD-UBND to stipulate regulation on managing, exploiting and maintaining urban road system in the Capital city.

The International Vietbuild Exhibition opens in the central city of Da Nang on April 21 with 300 domestic and international businesses joining in.

Deputy Prime Minister Trinh Dinh Dung recently required relevant authorities to accelerate the draft of the feasibility study report on the Long Thanh Airport to submit it to the National Assembly in late 2019.

Deputy Minister of Construction has just signed an official letter, requesting Quang Ninh, Khanh Hoa and Kien Giang provinces to put under control the dramatic land price increase in a short period of time in Van Don, Van Phong, and Phu Quoc.

The Ministry of Transport is scrutinizing a construction plan of a new higher speed rail route connecting the capital city of Hanoi to the northern border with China to promote bilateral trade.