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Transport infrastructure and affordable housing are the fields that Hanoi plans to develop amid rapid urbanization.

Experts stress the importance of changing travel habits among residents.

The Ministry of Transport expects to draw out some VND7 trillion (US$286.6 million) to pay off defaulted loans from Korean and German financers in the construction of the Hanoi-Hai Phong Expressway.

The project will develop an integrated public transport system in five districts of Hanoi that will support the effective utilization of Hanoi Metro Line 3.

The public transport system in Hanoi has been upgraded, meeting the travel demand of locals.

The Thang Long Boulevard extension project is considered a priority for Hanoi in the 2022-2026 period.

An adequate transport infrastructure system is the key to promoting economic growth, Chairman of the Hanoi People’s Committee Tran Sy Thanh has said.

The center will provide logistics and e-commerce services in the capital city and the northern region of Vietnam.

The Steering Committee is tasked with pushing for the implementation of six transport projects of national priority.

The construction phase is set to start on December 31, 2022.

Hanoi targets to fully disburse the public investment fund in 2022, estimated at VND51.07 trillion (US$2.2 billion).

Hanoi is a major contributor to Vietnam’s economic recovery in 2021, especially in pushing for drastic measures in the Covid-19 response and subsequently socio-economic development.

Results from the survey will help the development of the public transport system in Hanoi, with a view to improving the services and reducing traffic congestion in the city.

Laos remains the largest recipient of Vietnam’s outbound investment capital from a total of 78 countries and territories.

The rising fuel prices are turning to be a barrier for the recovery of the economy in general, and the transportation sector in particular.

Hanoi is scheduled to complete key transport projects in 2022, which will make a significant impact on the city’s development.