In the next five years, the city would build and complete three expressways: one to link it with Moc Bai International Border Gate in neighboring Tay Ninh Province; HCMC–Long Thanh–Dau Giay Expressway, a 55-km-long (34 mile) route to connects the city with neighboring Dong Nai Province; and HCMC-Trung Luong Expressway that links it with Tien Giang Province and the rest of Mekong Delta. … [Read more...] about HCMC traffic projects require $39 billion over next decade
Infrastructure development
Locals unhappy government inspectors’ report on Thu Thiem violations ignores them
They included the expropriation of the 4.3 hectares of land in Binh An Ward outside the project limits, land acquisition and compensation payments in contravention of the Land Law and handover of resettlement lands to 51 businesses for building housing, office buildings and amusement parks, resulting in a shortage of land for resettlement and violating the plans approved by the government. … [Read more...] about Locals unhappy government inspectors’ report on Thu Thiem violations ignores them
Australia, WB commit additional AUD5 million for Vietnam’s post-Covid-19 recovery
According to the World Bank, Vietnam has been effective in containing the Covid-19 pandemic with a limited number of cases and no registered deaths. However, the pandemic has shaken the country’s traditional resilience to external shocks, with economic growth in the first quarter reaching only 3.8% compared to the projected growth of 6.5% prior to the crisis. … [Read more...] about Australia, WB commit additional AUD5 million for Vietnam’s post-Covid-19 recovery
WB Country Director in Vietnam impressed by Hanoi’s COVID-19 control
Hanoi (VNA) - Country Director of the World Bank (WB) in Vietnam Ousmane Dione has expressed his appreciation of the success Vietnam and Hanoi in particular had in controlling the COVID-19 pandemic. During a working session with Chairman of the Hanoi People’s Committee Nguyen Duc Chung on June 8, Dione hailed Vietnam for bettering other developed countries in the fight against the outbreak. He attributed the achievements to concerted efforts by the public as well as drastic and sound direction from authorities since the first infection was identified. He expressed a hope that the success of projects between the WB and Hanoi in building transportation infrastructure, dealing with water and air pollution, and coping with climate change would help improve the capital’s competitiveness. He believed in the rapid and sustainable development of Vietnam and Hanoi in the future. Chung, for his part, said that despite the negative impact of COVID-19, Hanoi’s economy … [Read more...] about WB Country Director in Vietnam impressed by Hanoi’s COVID-19 control
Vietnamese firm eyes $1 billion elevated road project in HCMC
It has set a revenue target of VND5.8 trillion ($249 million) for this year and an after-tax profit of over VND800 billion ($34.4 million). The company plans to issue bonds worth VND1.2 trillion ($51.6 million) to restructure its debts and generate investment for key projects. … [Read more...] about Vietnamese firm eyes $1 billion elevated road project in HCMC
