The Ministry of Transport (MoT) is expected estimated total demand of over VND447.2 trillion (US$19.3 billion) for medium-term public infrastructure investment projects during 2021-2025.
The U.S. business community will help HCMC tackle pressing urban issues, especially transport infrastructure and waste treatment, according to Amanda Rasmussen, chairwoman of the American Chamber of Commerce in Vietnam.
New highways in the Mekong Delta region have met transport demand, but have failed to meet the socio-economic potential of the area, experts have said.
The Vietnamese Ministry of Finance, on August 28, signed a US$45 million loan agreement with the OPEC Fund for International Development (OFID) to upgrade transport infrastructure in Danang.
The development of transport infrastructure connecting the Mekong Delta and the southern economic hub of Ho Chi Minh City should be accelerated in the coming time by increasing investment capital from both local budget and society, Secretary of the municipal Party Committee Nguyen Thien Nhan has said.
Solutions for infrastructure investment and development in the Southern key economic region and Mekong Delta were introduced at a seminar held by the Ho Chi Minh City's authorities and the Vietnam National University - Ho Chi Minh City (VNUHCM) on June 29.
Ho Chi Minh City has decided to convert a number of private transport infrastructure projects that were designated as BOT (build – operate – transfer) and BT (Built – Transfer) into public projects.
Hanoi will build its parts of the ring roads no.4 and no.5 between 2021-2025 in an effort to complete the local transport infrastructure, said the municipal Department of Transport.
Ho Chi Minh City (HCMC) needs huge investment in infrastructure, and the Vietnamese government will support Russian firms that develop urban transport and railway infrastructure projects in Vietnam, stated Prime Minister Nguyen Xuan Phuc during his talks with his Russian counterpart, Dmitry Medvedev.
Delivering this message to Reatimes, Permanent Vice Director of Quang Ninh Investment Promotion Agency (IPA) Mr. Truong Manh Hung affirmed that transport infrastructure and dynamic economy have propelled Quang Ninh to become one of Vietnam’s most investment-worthy provinces.