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The project stretches a total length of total 50 kilometers, costing some VND4.12 trillion (US$173 million).

Over the next five years, the privately-owned Chinese enterprise plans to invest RMB45 billion (nearly US$6 billion) in Vietnam.

The project, with an investment capital of VND86 trillion (US$3.7 billion), is expected to be operational by 2028.

All construction sites must be equipped with signs and notices of danger, protective gear, and control of authorized persons to guarantee safety and security standards.

The project, once completed, will have a great impact on the social development not only of Hanoi but also of the provinces and cities in the Capital Zone.

Park development is one of the critical tasks of local authorities to make Hanoi a worth-living city.

The mayor called on all city units to speed up the preparation of projects, especially site clearance and land compensation for affected households.

The two projects worth a combined US$3 million are granted by the Hanoi Party, Government, and people.

A $5.3 million package for the appraisal and reconstruction of dilapidated apartments is expected to be disbursed soon.

The underground passageway project helps to complete Hanoi city’s transport infrastructure.

The project is essential to socio-economic development in the Northwest in general, and Lai Chau in particular.

In order to appeal to investors, appropriate support from the State is needed during the investment and the exploitation.

New social housing projects would be concentrated in localities with major industrial parks, or large urban cities, such as Hanoi, and Ho Chi Minh City.

The aim is to ensure the completion of the ring road by 2026 and to put it into operation from 2027.

Ring-road No.4, one of the nine projects of national priority, is expected to create driving forces for Vietnam’s socio-economic recovery.

The investment capital for the new terminal is estimated at VND11 trillion (US$470 million) for a capacity of 20 million passengers per year.