Investment

This move is expected to establish a unified reference price mechanism and provide essential tools for hedging against price fluctuations.

The project to be developed under a PPP model, with total investment estimated at VND147.37 trillion (approximately $5.8 billion).

The model will apply advanced technologies such as artificial intelligence (AI), the Internet of Things (IoT) and fully automated smart transport systems.

Stronger rail links expected to accelerate trade, boost border economic activity, and improve customs efficiency.

During a reception in Hanoi on March 19 for an inspection delegation from the European Commission (EC), Prime Minister Pham Minh Chinh affirmed Vietnam’s continued close cooperation in combating IUU fishing, while expressing his hope and confidence that the EC will consider lifting the “yellow card” warning against Vietnamese seafood, thereby further strengthening effective and substantive cooperation between Vietnam, the EU and its member states.

Prime Minister Pham Minh Chinh and his Algerian counterpart Sifi Ghrieb holding phone talks on March 18.