Construction

Hanoi authority is very determined to speed up the formulation and approval of the (Hong) Red River urban subdivision planning.

The Government would focus on accelerating the progress of national projects, especially expressways, seaports, digital infrastructure, as well as those in fields of innovative startups in 2022.

Leaders’ attention to public investment is of significance, regardless of the size of the project, said a senior official.

The project is scheduled for completion in 2023.

Each province/city is expected to set up task forces specialized in speeding up public investment.

Ideas and proposals must be in sync with the planning the Danang International Airport for the 2021-30 period, with a vision to 2050.

The move would put local steel companies under pressure to expand production and upgrade technologies to reduce costs and compete with imported products.

The financing mechanism under the private-public partnership (PPP) model would be essential to realize this goal.

The effective realization of the five-year public investment plan stays central in further improving Vietnam’s socio-economic development in short-, medium- and long-term, Prime Minister Pham Minh Chinh has said.

State fund should be channeled into key projects of national priority, which has high spillover effects and create room for development.

The Vietnam Association of Seafood Exporters and Producers (VASEP) also asked HCMC to make public revenues and expenditures on specific infrastructure.

Danang is advised to have a downtown with high-rise buildings and more green parks.

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 Long Thanh International Airport is expected to reduce the load on Tan Son Nhat International Airport in Ho Chi Minh City.

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.