Vietnam developing transportation network

Vietnam has major plans to develop its transportation infrastructure by 2020. The work required could cost in the order of US$45.9 billion. Of this, some 64.1% will be required to improve the national road system. The State Budget has so far provided approximately 30-40% of the financing required. However, the country has a need for international investment to further develop its transportation system. One of the barriers to PPPs has been a lack of clear policy on indirect government support. Another proble
July 14, 2015 Read time: 1 min
Vietnam has major plans to develop its transportation infrastructure by 2020. The work required could cost in the order of US$45.9 billion. Of this, some 64.1% will be required to improve the national road system. The State Budget has so far provided approximately 30-40% of the financing required. However, the country has a need for international investment to further develop its transportation system. One of the barriers to PPPs has been a lack of clear policy on indirect government support. Another problem hindering PPPs has been a lack of experience within Vietnam’s public agencies for planning and supervising such projects. But new policies are being put in place to attract private investment in Vietnam’s planned PPP projects.
Finance & Funding Road Structures

Related Content

  • New Zealand ponders more tolling
    December 10, 2024

    New Zealand transport minister Simeon Brown is considering tolling seven new “Roads of National Significance” if that would speed their completion.

    Media reports noted that NZ Transport Agency Waka Kotahi (NZTA) said procurement and construction of the roads could start within the next three years.

    The projects are Belfast-to-Pegasus, the Hawke’s Bay Expressway, SH1 Cambridge-to-Piarere, State Highway 29 Tauriko, Takitimu North Link Stage 2, Mill Road and Warkworth-to-Wellsford.

    Read More
  • Tackling road safety in India
    February 7, 2012
    Introducing an Indian business leader committed to combating the 'perfect plague' of deaths on the country's roads
    Read More
  • Electronic tolling move across Europe
    June 13, 2013
    The European Parliament has adopted a resolution for a strategy in electronic tolling and a vignette system on light private vehicles in Europe. The European Association for tolled motorways, bridges and tunnels (ASECAP) has responded to this resolution, welcoming the European Parliament’s recognition of the user pays and polluter pays principles as key priorities for European transport. However, ASECAP has provided a note of caution in that the resolution fails to address problems that may hinder the deplo
    Read More
  • Japanese funding for Vietnam link
    April 19, 2012
    The Japanese SE Group is working on a new road project in Vietnam. The 25km highway is costing some US$476 million to construct, with some 60% of the funding coming from the JBIC Bank and SE Group providing around 20%. The rest of the funding will be provided by official development assistant capital. This new road will provide a link from the city of Halong in Vietnam's Quang Ninh province to the Hanoi-Haiphong highway project.
    Read More

Highlighted Content