Investment

The Ministry of Transport (MoT) is making efforts to speed up disbursement of more than VND20 trillion ($804.3 million) in capital, or 40.1 per cent of the plan, before the deadline at the end of January 2023, in particular focusing on key projects such as the North - South Expressway and ODA projects.

A report on practicing thrift and combatting waste in the workplace in the 2016-2021 period from the National Assembly (NA) Supervision Delegation, which will be discussed at the ongoing NA session, noted that thousands of projects have violated regulations on investment procedures, causing losses and waste of nearly VND32 trillion ($1.3 billion). The report also identified other shortcomings causing waste in public investment, such as improper negotiations and contract signings, and inadequate project construction supervision, among others.

The Ministry of Construction (MoC) has held a conference to evaluate a project adjusting the general planning for construction at the Dung Quat Economic Zone, in central Quang Ngai province, to 2035 and vision to 2050. The goal of the planning is to build the economic zone into a multi-sector, multi-field general economic zone worthy of its position as a dynamic economic center of the Central Key Economic Zone, the south-central coastal region, and Vietnam as a whole.

The government has issued measures for implementing the Planning for Inland Waterway Infrastructure in the 2021-2030 Period and Vision to 2050, which identifies 17 investment projects using State budget capital and a series of projects upgrading and expanding passenger and cargo ports using enterprise capital. A breakthrough mechanism on access to foreign preferential loans by the government will also be applied for infrastructure projects that effectively connect inland waterway traffic with seaports.

Northern Hai Phong city has made great efforts over recent years to develop its transport infrastructure, seaports, and logistics in line with international trends. It has encouraged the development of the sustainable and effective eco-industrial park model, with industrial parks investing in environmental protection infrastructure that meet international standards.

Chu Lai Port in central Quang Nam province - the gateway to trade in goods in the central region - is promoting trade services in bulk cargo. To improve its competitiveness and become a hub for domestic and international trade, the port has upgraded its infrastructure, built logistics solutions, and invested in specialized equipment and technology.