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Da Nang using its advantages to become a major logistics center
Investment

Da Nang using its advantages to become a major logistics center

Central Da Nang city has a particularly favorable geographical location and is one of the coastal gateways in the East-West Economic Corridor, with the potential to become part of a global production and supply chain network due to connections with the Pacific and Indian Oceans. Under its plan, the city will have five main logistics centers on a total area of 229 ha. The most prominent is the Lien Chieu Port Logistics Center, which will be on 30 ha by 2030 and 69 ha by 2045.
Investment

MoT offers solution to problematic BOT projects

Through a review, the Ministry of Transport has reported that there are eight build-operate-transfer (BOT) projects that are inadequate and need to be reported to relevant authorities for consideration on their future. The ministry has therefore proposed that a solution to terminate contracts ahead of time and allocate State budget capital of about VND13.115 trillion ($552.527 million) to compensate investors and project developers be submitted to the National Assembly for consideration and approval. This would also remove obstacles for investors, thereby restoring their trust.
Con Dao Airport to be upgraded by 2024

Con Dao Airport to be upgraded by 2024

The Ministry of Transport (MoT) has made an announcement on the progress of a project to renovate and expand Con Dao Airport, off the coast of southern Ba Ria-Vung Tau province. The ministry directed relevant agencies and units to complete the necessary procedures and deploy the project soon, so it is put into operation in 2024.
US helping HCMC promote green growth projects

US helping HCMC promote green growth projects

The US Consulate General in Ho Chi Minh City, through the United States Agency for International Development (USAID), and the Ho Chi Minh City People’s Committee launched a project on September 20 to promote renewable energy solutions and efficient energy use to address the city’s urban energy challenges.
Hanoi preparing for Ring Road No. 4 project

Hanoi preparing for Ring Road No. 4 project

In order to begin construction of the Ring Road No. 4 - Capital Region project next June, Hanoi has set out 12 important tasks with detailed progress milestones, with investor selection to be conducted from December. The Ring Road No. 4 - Capital Region project stretches 112.8 km and has total investment of VND85.813 trillion ($3.6 billion), divided into seven component sub-projects. The preparation of investment and project implementation will begin shortly, with construction basically completed in 2026 and the route put into operation in 2027.
Passenger port in Quang Ninh to open shortly

Passenger port in Quang Ninh to open shortly

Ao Tien Port in northern Quang Ninh province, a specialized passenger port for sightseeing tourism on nearly 30 ha and with total investment of more than VND600 billion ($25.3 million), will be put into operation at the end of October. The modern port complex integrates many utilities and is designed under green space principles.
Binh Duong to build sport-industrial complex

Binh Duong to build sport-industrial complex

Chairman of the Binh Duong Provincial People’s Committee Vo Van Minh has chaired a meeting to report on the compiling of a list of cultural and sports works to be included in provincial planning for the 2021-2030 period and vision to 2050. Leaders from the Department of Culture, Sports and Tourism in the southern province proposed building the Binh Duong Sports Industry Complex on 200 ha, with a central stadium seating 50,000-60,000 people, a 40-ha multi-purpose gymnasium center, a water sports arena, a sports service area, and other works.
New road link through Lao Cai province gets underway

New road link through Lao Cai province gets underway

Construction of the CW01 package of nearly VND500 billion ($21.13 million), connecting northern Lai Chau province with the Noi Bai - Lao Cai Highway through Lao Cai province under the Northern Mountainous Traffic Connection project, begun on September 19. The key project has total investment of more than $235 million, from Asian Development Bank (ADB) ODA loans, Australian Government grants, and domestic counterpart funding.

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