Road and seaport master plans needed to solve economic bottlenecks: PM
Master plans for road and sea transportation should ensure harmonization between socio-economic development with national security, social welfare, and climate resilience.
Master planning for road transportation and seaport network in Vietnam is expected to have strategic significance and be able to solve current economic bottlenecks.
|Hanoi-Haiphong expressway. Photo: Pham Hung|
The Government Office released the conclusion of Prime Minister Pham Minh Chinh in reference to the master plans for networks of road and seaports in Vietnam in the 2021-2030 period, with a vision to 2050.
Under the conclusion, Prime Minister Chinh requested the Ministry of Transport (MoT) to soon finalize five major master plans, including road, railway, seaports, airports, and inland waterway, while urging the ministry to ensure harmonization between socio-economic development with national security, social welfare, and climate resilience.
“Master plan for road transportation should strengthen linkage and connectivity between different transportation modes for greater efficiency,” stated the conclusion.
Chinh noted the seaports should be the hubs for goods and passenger transportation as the country aims to maximize the benefits of 3,000 kilometers of coastline.
With this in mind, the PM expected priority would be given for seaports serving as international gateways, such as Lach Huyen in the northern city of Haiphong, and Cai Mep Thi Vai in Ba Ria - Vung Tau province in the south.
Both ports form a major economic corridor connecting Vietnam’s key economic centers, namely Hanoi and Ho Chi Minh City, to China and Cambodia.
According to Chinh, the government would diversify financial sources for transport infrastructure development, mobilizing funding from the state budget, government bond issuance, ODA, and the private sector.
- Foreign enterprises urge Vietnam to reopen
- HSBC facilitate $250 million investment in Vietnam unicorn
- Government-investment arm SCIC acquires 31% stake in Vietnam Airlines
- Vietnam to foster investment cooperation with Middle East
- Hanoi-based SHB sells its financial consumer arm to Thailand bank
- ADB finances US$60 million to improve climate resilience of infrastructures in Vietnam
- VinFast and Gotion High-Tech to produce EV batteries in Vietnam
- Boeing to open new office in Hanoi as part of its regional expansion
- Vietnamese Gov’t stipulates fields under State control post-privatization
- Efficient planning lays groundwork for investors to come: PM
Vietnam's State President arrives in New York for 76th UN General Assembly
Vietnam responds to World Tourism Day 2021 for inclusive growth
Mooncake heats up in Hanoi’s supermarket amid pandemic
Vietnam’s wood industry strives to extend its reach globally
Boeing 737 Max aircraft expected to fly in Vietnam soon
Skillful hands: get-rich-quick secret of Ha Thai lacquer craftsmen
5G carries Vietnam hope for future
Vietnam receives 1.5 million Covid-19 vaccine doses from France, Italy
Vn-Index set for upward trend from September 13-17