Topic: urbanization

The city's urban development program by 2035 has been submitted to the municipal People's Council for consideration.

Total capital needed to develop urban areas in south-central province put at $53.7 billion.

Capital to invest in building hospitals and smart urban areas among other initiatives.

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 Minister of Construction has just promulgated a Plan to identify key objectives, tasks and solutions to form an effective structure of the construction industry. Accordingly, by 2025, the national average housing area will reach 27 meter square of floor per person; maintaining the rate of 100 per cent covering the urban general planning; urbanization rate reaches at least 45 per cent.