Skip to main content

Vietnam’s highway network is expanding

Vietnam is expanding its road and highway network with a series of major projects, as well as numerous upgrades to rural roads. A funding deal worth US$1.6 billion is being provided by the Asian Development Bank (ADB) for the Ben Luc yo Long Thanh National Highway. This route connects Dong Nai, Ho Chi Minh City and Long An. A portion of the necessary funding for ground clearance for the route is being provided by Vietnam’s State Budget. However the country is stopping work on the National Highway 3 project
August 1, 2018 Read time: 1 min

Vietnam is expanding its road and highway network with a series of major projects, as well as numerous upgrades to rural roads.

A funding deal worth US$1.6 billion is being provided by the 943 Asian Development Bank (ADB) for the Ben Luc yo Long Thanh National Highway. This route connects Dong Nai, Ho Chi Minh City and Long An. A portion of the necessary funding for ground clearance for the route is being provided by Vietnam’s State Budget.

However the country is stopping work on the National Highway 3 project connecting Hanoi with Thai Nguyen and the Cho Moi to Bac Kan National Highway. Problems with toll collection have caused the cancellation of the National Highway 3 project. Meanwhile problems with repayments to loans have caused the Choi Moi to Bac Kan project to be cancelled.

For more information on companies in this article

Related Content

  • India rural road upgrade in Madhya Pradesh State
    April 19, 2018
    India’s Madhya Pradesh State is planning to improve connectivity to rural areas with a plan to improve rural roads. Funding for the work is being provided through a loan sourced from the Chinese Asian Infrastructure Investment Bank (AIIB). The loan is worth some US$140 million and will help pay for surfacing work to existing gravel roads and dirt roads. In addition, a road safety programme will be instituted across the state, using a portion of the loan.
  • Funding for Uzbekistan’s road plans
    October 31, 2014
    The authorities in Uzbekistan have plans in hand to construct some 423km of roads in 2015. Funding for a considerable portion of the construction work will come in the shape of loans. The Asian Development Bank is one of the funding sources and is providing loans being sued for financing 85km of the work required. The country has budgeted around US$1.17 billion for purchasing of road building equipment, an increase of 35% from the previous year.
  • Azerbaijan highway investment
    April 7, 2014
    The Asian Development Bank (ADB) is set to transfer the US$ 150 million second tranche of a loan for construction of Masally-Shorsulu highway in Azerbaijan. The first $250 million ADB loan tranche has already been sent, with the overall project cost set to reach $625 million. Azerbaijan will get a $100 million third ADB loan tranche in 2016, taking the Bank’s total loan investment in the new highway to $500 million.
  • US$15 billion West African highway link
    January 13, 2025
    Work will start for a US$15 billion West African highway link.