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LAWMAKERS VOTE ON US$ 6.6 BILLION EASTERN NORTH-SOUTH EXPRESSWAY PROJECT
The National Assembly passed a resolution on investment policy of the Eastern North-South Expressway project for 2021-2025.
With 469 out of 474 votes in favor, the National Assembly voted on VND146.9 trillion (US$6.6 billion) to finance the construction of the entire 12 sub-components under the Eastern North-South expressway project in the 2021-2025 period.
The project will span 729 kilometers with a total area of 5,481hectares, consisting of sections from Bai Vot (Ha Tinh) to Vung Ang (Ha Tinh), Cam Lo (Quang Tri), from Quang Ngai to Nha Trang (Khanh Hoa), and Can Tho to Ca Mau.
The East North-South Expressway is one of the trillion-dollar infrastructure projects that will be urgently deployed in 2022, opening up many opportunities for developing domestic freight and enhancing freight transport connectivity in the field of import and export goods.
The East North-South Expressway plays an important role, running across the country. With the starting point being HuuNghi border gate (Lang Son) to the end point being the ring road of Ca Mau city, the North-South highway passes through the nodes of Lang Son, Ha Noi, Ninh Binh, Thanh Hoa, Ha Tinh, Quang Tri, Da Nang, Quang Ngai, Binh Dinh, Nha Trang, Phan Thiet, Dau Giay, Long Thanh, Ben Luc, Trung Luong, My Thuan, Can Tho and Ca Mau.
Data from the United Nations Conference on Trade and Development (UNCTAD), according to Rồng Việt Securities Company (VDSC), showed global FDI in 2023 increased by 3 per cent compared to the year before, reaching over US$1.365 trillion, mainly attributed to a significant increase in European Union countries.
The Ministry of Public Security has proposed a procedure for foreigners’ e-identification registration, which is expected to take effect alongside the identification law on July 1 this year.
The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.
As of February 15, Viet Nam's total trade with the rest of the world hit US$84.74 billion, of which export value stood at US$ 44.42 billion. As such, the Southeast Asian country ran a trade surplus of US$4.1 billion in the reviewed period, according to the General Department of Viet Nam Customs.
Associate Professor, Dr. Phan Le Thu Hang, Deputy Director of the Department of Financial Planning, held that the Fourth Industrial Revolution and smart medical solutions will help Vietnam concertedly improve its health coverage, service quality, and medical costs, dubbed the three vertices of a triangle, which remains a hard nut to crack for every health system.
An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January, the municipal Statistics Office reported. An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January.