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.
HSBC believes that given it regularly invests heavily in infrastructure development, equal to 6 per cent of GDP each year, Vietnam is likely to lead the ASEAN region in this regard. To sustain strong economic growth and adapt to rising urbanization, the country needs to continue upgrading and expanding its existing infrastructure.
The Vietnam Chamber of Commerce and Industry (VCCI) held a ceremony on October 12 to celebrate Vietnam Entrepreneurs Day (October 13) and honor outstanding local entrepreneurs. Prime Minister Pham Minh Chinh told the gathering that the government will create favorable conditions for entrepreneurs and businesses in all economic sectors to gain equal access to development resources. The non-State economic sector will be given favorable conditions to participate in the implementation of projects and works via public-private partnerships (PPPs).
To resolve congestion problems facing road exports to China, the Ministry of Finance has agreed with a proposal from the Ministry of Transport to turn Kep train station in northern Bac Giang province into an international intermodal terminal and to upgrade infrastructure at train stations in other cities to speed up goods clearance.
Deputy Prime Minister Le Van Thanh has signed Decision No. 1119/QD-TTg approving the investment policy on construction and infrastructure business at the Dong Soc Industrial Park in northern Vinh Phuc province, with the Vinh Phuc Trading Investment Company being the project investor. The project sits on 206,560 ha straddling Van Xuan commune, Vu Di commune, and Tu Trung town in Vinh Tuong district. Total investment is VND2.238 trillion ($94.85 million), including VND335.718 billion ($14.21 million) contributed by the investor and VND1.902 trillion ($80.64 million) mobilized from other sources.
Construction of the 20-km, VND2 trillion ($84.35 million) Cho Moi - Bac Kan road will begin next year and be completed in 2025, to address bottlenecks in transport infrastructure in Vietnam’s northern mountainous area, according to the Ministry of Transport. A number of investors have said that Bac Kan province holds advantages in forestry, mineral resources, and tourism, especially Ba Be Lake, but its inconvenient traffic network makes them hesitant.
Deputy Chairman of the Dong Nai Provincial People’s Committee Vo Van Phi has chaired a meeting with departments, branches, and localities in the southern province to revise and supplement a list of 30 land acquisition projects in 2022 and a list of 12 projects changing the use purpose of arable land, protected forest land, and special-use forest land. Most projects are to build State offices, historical-cultural relic sites, parks, technical infrastructure, public infrastructure, resettlement areas, and social housing.