Local chip startups will have an easier path to the global market with the creation of a center linking chip design and manufacturing in a process called tape-out.
The Government’s new resolution targets to innovate the reform of administrative procedures in a comprehensive and substantive manner, drastically improve the business investment climate, sharpen national competitiveness, and spur economic growth through 2030.
The northern port city of Hai Phong holds substantial potential in tourism and boasts many famous scenic spots but is yet to receive adequate investment and remains fairly obscure on Vietnam’s tourist map. The city has recently established a special working group on tourism development to create breakthroughs in the industry.
The Thu Thiem - Long Thanh and Bien Hoa - Vung Tau railway lines in the southern region, with total investment of more than VND90 trillion ($3.8 billion), have been approved by the government and competent agencies for investment have been assigned. Both projects are included in the railway network plan for the 2021-2030 period and vision to 2050, and are also on the national list of projects calling for foreign investment.
The detailed planning for four resettlement areas in Hau Giang province serving the Mekong Delta’s Can Tho - Ca Mau Expressway project is expected to be completed this month. The province has agreed to invest VND246 billion ($10.5 million) in the four resettlement areas. The Expressway stretches nearly 111 km with total investment of nearly VND29 trillion ($1.24 billion).
The Ministry of Transport has set aside more than VND12.6 trillion ($537.63 million) to implement traffic infrastructure projects in northern Nghe An province within the medium-term public investment plan to 2025. The province has also proposed investing in many key projects in the public-private partnership (PPP) form, such as upgrading Vinh International Airport and building the Cua Lo Deep-water Port.
The Ministry of Transport (MoT) and the central highlands’ Lam Dong province are speeding up construction of the Dau Giay - Lien Khuong Expressway, which passes through Lam Dong and southern Dong Nai province. The 200-km long highway consists of three component projects and is in the public-private partnership (PPP) form.
The Politburo will discuss the North-South high-speed railway project in September, in which priority will be given to construction beginning on two sections - Hanoi to Vinh and Nha Trang to Ho Chi Minh City - with total investment of nearly $25 billion. The Ministry of Transport will seek National Assembly approval of the key national project before 2027.