Vietnam sets highway plan in action

Road upgrades and improvements are crucial to improve infrastructure in Vietnam, according to the country's Directorate for Roads.
February 16, 2012 Read time: 1 min

Road upgrades and improvements are crucial to improve infrastructure in Vietnam, according to the country's Directorate for Roads.

Estimates from the Directorate for Roads suggest that US$34.65 billion will be required to build new and improve existing highway connections in the 2011-2020 period. The plan is to upgrade existing routes, which includes straightening sections of road and removing obstruction along the various routes. The authorities say that compensation will be paid however for land or property in the way of development. Meanwhile 2560 Vietnam's Ministry of Transport has given the go-ahead for a feasibility study into a highway project expected to cost $1.13 billion. The highway will run 101km from the Dau Giay T-Junction to Phan Thiet and is due to open in 2020. Binh Minh Import Export Production and Trading (2718 Bitexco) is investing in the project, which is supported by the 2332 World Bank.

For more information on companies in this article

Related Content

  • Vietnam bridge, road and highway development projects
    June 20, 2018
    Vietnam is pushing ahead with a series of road, highway and bridge projects that will improve the country’s transport network. Feasibility studies for three stretches of the North-South Expressway have been received by Vietnam’s Ministry of Transport (MoT). The 29km stretch from Nha Trang to Cam Lam is expected to cost US$177.9 million, with work starting in 2019 and due for completion in 2021. The 60km stretch from Dau Giay to Tan Phu will be built from 2018 to 2022. The 101km stretch from Vinh Hao to Pha
    Read More
  • Multi-billion dollar Vietnam transport projects to be supported by ODA of Japan
    December 16, 2013
    A total of 29 transport projects costing a combined US$7.42 billion, including the Phan Thiet-Nha Trang road, will be carried out in Vietnam from 2013 until 2016, according to the country’s Ministry of Transport. Of the 29 projects, 18 projects worth $2.34 billion collectively were due to be commissioned by the end of 2013. The ministry has said that the projects are supported by the government of Japan through $6 billion of ODA funds, including around $774.59 million for 2013. The Quang Ngai-Danang and D
    Read More
  • Vietnam’s Dau Giay-Phan Thiet expressway project attracts foreign investors
    August 27, 2013
    At least 15 foreign investors will attend a meeting on the construction of the Dau Giay-Phan Thiet expressway in Vietnam, according to the country’s Ministry of Transport's public-private partnership (PPP) department. The expressway will link the National Highway No 1A in Binh Thuan Province with the under-development HCM City-Long Thanh-Dau Giay expressway. Moreover, one foreign investor will be selected to partner with local company Bitexco Group to build the project. The project is valued at about
    Read More
  • Vietnam highway works planned
    October 22, 2020
    New highway works are planned for Vietnam.
    Read More

Highlighted Content