Infrastructure

Trade between Vietnam and China has quadrupled in the last decade.

The implementation of the project is hampered by regulatory and land clearance obstacles.

Vietnam will need more than VND550 trillion (US$23.2 billion) to expand the network of seaports, inland ports, and railways, according to the master plans for developing these infrastructures in 2021-2050 approved by the Prime Minister.

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

Hanoi completed a number of projects for better intra-city connection and inter-regional economic linkage.

President Nguyen Xuan Phuc December 5 meets top-rank executives of Korean conglomerates during his official 3-day visit to the country.

Vietnam is advised to use ODA to develop infrastructure, which is backbone of the economy.

Local officials have urged the people and authorities in Hanoi to focus on building good infrastructure for ecotourism in rural areas and preserving the environment to attract more visitors.

The capital city has identified infrastructure development as a focal point for its economic growth, in which industrial parks are the center.