Investment

In order to reach at least 96 per cent of the planned disbursement of public investment capital this year, from now until January 31 the Ministry of Transport (MoT) will increase the disbursement schedule by nearly VND10 trillion ($441 million). In the 2021-2025 period, the MoT plans to begin construction of 67 new projects, with priority being given to the early implementation of six key national projects.

The Ministry of Transport (MoT) has said that it will complete procedures to begin the construction of nine key projects in December and at the same time complete 12 other key projects. The “Connecting Transport in Northern Mountainous Provinces” project, with nearly VND5.5 trillion ($242.45 million) funded by the Asian Development Bank (ADB) and the Australian Government, will get underway after many delays.

According to Deputy Prime Minister Le Van Thanh, who is also Chairman of the Council for the Evaluation of Mekong Delta Development Planning, transport infrastructure in the Delta will see breakthrough development to 2030, with priority given to the development of the expressway network. Can Tho International Airport will also be expanded, and the network of coastal roads, seaports, and waterways will receive investment and be effectively exploited.

Northern Bac Ninh province has only three industrial parks with housing for workers, meeting just 10-15 per cent of demand, according to Mr. Bui Hoang Mai, Head of the Industrial Park Management Board of Bac Ninh province. Businesses are not interested in investing in utilities for industrial parks, because of low profits and the long return on investment period.

Ring Road No. 3 in Ho Chi Minh City stretches more than 90 km and passes through four localities: Ho Chi Minh City and Binh Duong, Dong Nai, and Long An provinces, with total investment of nearly VND178 trillion ($7.81 billion). As it is difficult to attract investors due to the long return on investment period, the four localities have asked that the government provide about VND83.29 trillion ($3.66 billion) in capital support.

In order to improve and develop urban living, Ho Chi Minh City will set aside VND19.28 trillion ($847.49 million) over the next five years to relocate people living in “slums” along canals. Together with upgrading existing residential areas, the city will also select investors to develop a number of new urban areas.