Want to be in the loop?
subscribe to
our notification
Business News
TRANSPORT MINISTRY TO SPEED UP PROJECTS IN 2018
The Ministry of Transport’s main task this year is to speed up transport projects, Deputy Minister Nguyễn Ngọc Đông said on Thursday. He was speaking at a meeting to review 2017 and set goals for 2018.
Đông said that last year, 22 new transport projects were completed and became operational. The ministry also started another 12 projects.
Its agencies also studied key projects, including pre-feasibility investment reports for parts of the eastern North-South Expressway over the next two years. It also did feasibility reports on land clearance, compensation and resettlement for the Long Thành International Airport Project.
The ministry has also reviewed planning and options for the expansion of Tân Sơn Nhất International Airport and completed a scheme to select consultants for the North-South express railway, which has received assistance from Japan.
“This year, the ministry will continue urging investors to speed up transport projects, particularly key projects and those that receive proper funding,” Đông said.
He said that the ministry also wanted to speed up urban railway projects, especially the Cát Linh- Hà Đông Urban Railway in Hà Nội which is scheduled to open this year.
Work on the eastern North-South Expressway, Long Thành airport project or express railway would be closely supervised, Đông said, adding that any problems arising during the project implementation would be reported to the Government and National Assembly for timely address.
Road projects under Build-Operation-Transfer (BOT) contracts were the subject of much public concern last year because of drivers’ protests about high toll fees.
Deputy Minister Đông said that last year, the ministry examined and approved financial reports of 55 road projects under BOT and Build-Transfer (BT) contracts. The examination provided the cost of the projects, based on which toll fees and toll collecting terms were set.
Last year, toll fees at 35 toll stations on BOT roads were reduced after the Government passed resolution No 35/NQ-CP on assisting and developing business.
During the year, about 20,080 traffic accidents were reported, killing 8,280 people and injuring more than 17,000 people. Compared to 2016, the number of traffic accidents fell about 7 per cent, the number of deaths fell 4.67 per cent and the number of those injured fell 11.62 per cent.
This year, the transport ministry will continue to boost information on traffic laws to raise public awareness. It will also take stronger actions to curb speeding, drunk driving, and overloaded vehicles.
Addressing the meeting, Deputy Prime Minister Trịnh Đình Dũng praised the contributions of the transport sector to national socio-economic development last year.
However, there remained problems to solve, such as traffic jams, traffic accidents, toll fees at BOT projects, high transport costs and the imbalance among means of transport, especially the sluggish uses of railways, which put high pressure on roads, Dũng said.
Source: VIR
Related News
EVFTA DEEPENS VIETNAM-EU RELATIONS AFTER SIX YEARS
The EVFTA acts as a vital economic highway to boost trade between Vietnam and EU. In 2019, the Vietnam – EU two-way trade stood at $49.8 billion. This figure rose to $74 billion by the end of 2025. In the first six months of 2026, two-way trade between Vietnam and the EU totalled $41.7 billion. Vietnam's exports to the EU reached $31.8 billion, while imports from the bloc stood at $9.9 billion.
AMRO UPGRADES VIETNAM GROWTH FORECAST TO 7.5 PER CENT
AMRO released its July 2026 Quarterly Update of the ASEAN+3 Regional Economic Outlook on July 27, projecting Vietnam to grow 7.5 per cent in 2026, up from its June forecast of 7.2 per cent. AMRO also raised its growth forecast to 7.3 per cent in 2027, up from its June forecast of 7 per cent, while revising down its inflation forecasts to 4.3 per cent in 2026 and 3.9 per cent in 2027.
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub. Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
REMITTANCES TO HO CHI MINH CITY TOP $4BN IN H1 2026
Remittances sent to Ho Chi Minh City topped US$4 billion in the first half of 2026, down nearly 23 percent year on year, despite a modest recovery in the second quarter. The city received more than $2.03 billion in remittances in the second quarter. Tran Thi Ngoc Lien, deputy director of State Bank of Vietnam’s region 2 branch, said the second quarter was the first quarter this year to see remittances to Ho Chi Minh City increase from the preceding quarter, although the pace of recovery remained modest.
GLOBAL BEAUTY BRANDS EYE OPPORTUNITIES IN VIETNAM
Vietnam’s fast-growing beauty and personal care market is attracting thousands of international brands, with a major industry exhibition in Ho Chi Minh City bringing together more than 3,000 brands from over 24 countries and territories. The Vietbeauty, Cosmobeauté Vietnam and Beautycare Plus 2026 exhibitions officially opened in Ho Chi Minh City on Thursday, bringing together 600 exhibitors from Japan, South Korea, the United States, France, Singapore and Vietnam, among others.
HCM CITY PRIORITISES LOGISTICS INFRASTRUCTURE TO RAISE DIRECT IMPORT-EXPORT THROUGHPUT ABOVE 80%
HCM City aims to increase the proportion of imports and exports handled directly through its seaports, airports, railway terminals and inland container depots (ICDs) to more than 80 per cent during the 2026-30 period. With measures revolving around investment in integrated logistics infrastructure, multimodal transport expansion and digital transformation acceleration, the strategy is intended to reduce logistics costs, enhance competitiveness and support sustainable growth in external trade.
























