Topic: infrastructure

Vietnam targets having 36 seaports, 16 railway lines, and 30 airports by the end of the decade.

PM Decision permits investment in infrastructure construction and trade at Dong Van III IP in northern province.

Total investment in purchases estimated at $304 million.

Total investment estimated at $111.2 million for project in northern province.

Province targets becoming a developed locality within the Mekong Delta.

Region’s technical infrastructure is still to meet development demand.

Specific measures needed to speed up transportation projects.

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).