Business News

Việt Nam's shipbuiding industry aims to capture 0.8 per cent to 0.9 per cent of global output by 2030, focusing on general cargo ships of up to 70,000 tonnes, container ships, LPG carriers, and other service vessels. Domestically, the industry is tasked with meeting the need to renew and expand the national fleet. Việt Nam is setting its sights on strengthening shipbuilding by maximising the use of existing infrastructure and capitalising on its strategic geographical location, according to a new development plan.

Interprovincial highway projects will help engage more foreign capital following the merger of localities in Vietnam. In late March, Lam Dong People’s Committee approved construction of the Bao Loc-Lien Khuong Expressway project under a public-private partnership model. The scheme has a total funding of $780 million, with state budget funding accounting for 44 per cent of the total in Phase 1. The remaining $400 million will be mobilised by the investor.

The Vietnam Expressway Corporation (VEC) has announced the official opening of two sections of the Ben Luc–Long Thanh expressway to traffic from 6 p.m. today (April 28), reported the local media. The two sections now fully open are a 21-kilometer section from the HCMC–Trung Luong interchange to the Nguyen Van Tao interchange, and a seven-kilometer section from the Phuoc An interchange to National Highway 51 in Dong Nai Province. 

Prime Minister Pham Minh Chinh has emphasised the need for bold and accelerated action to develop the railway industry, serving Vietnam’s long-term national development goals. Currently, four major railway projects are underway, including the Lao Cai–Hanoi–Hai Phong line, the Hanoi–Lang Son and Hai Phong–Mong Cai lines, the North–South high-speed railway, and urban rail projects in Hanoi and Ho Chi Minh City.

Unlocking all modes of transport, including road, air, maritime, inland waterway, and rail, is key to lifting the Mekong Delta out of poverty and propelling its growth, Prime Minister Pham Minh Chinh has said. Addressing a conference in Can Tho city on April 21 to review the progress of major transport infrastructure projects in the south, PM Chinh underlined that each generation must contribute to achieving this overarching goal.

Prime Minister Pham Minh Chinh today, April 19, chaired the groundbreaking and inauguration ceremonies of 80 key national projects across the country to commemorate the 50th anniversary of the liberation of the south and the reunification of the nation on April 30. The ceremonies were held in a hybrid format, with the main event taking place at Terminal 3 of Tan Son Nhat International Airport in HCMC and connected virtually to other sites nationwide.

Four of the seven agreements relate to railway development. These include a memorandum of understanding to establish a joint committee for Vietnam–China railway cooperation and technical support from China for feasibility studies and planning of several standard-gauge rail lines, including Lao Cai–Hanoi–Haiphong, Dong Dang–Hanoi, and Mong Cai–Ha Long–Haiphong.

The Ministry of Construction has approved a comprehensive development plan for HCMC’s seaport system through 2030, with total investment needs exceeding VND77 trillion to expand capacity, improve infrastructure, and support long-term urban growth. The HCMC seaport system will require 1,567 hectares of land by 2030.