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Resolutions on Hanoi’s Ring Road No.4, HCMC’s Ring Road No.3 to be issued

August 11, 2022 by www.sggpnews.org.vn Leave a Comment

Prime Minister Pham Minh Chinh chairs the meeting on August 10 (Photo: SGGP) This State Steering Committee is formed to help the Government, the Prime Minister in the implementation of national key transport projects of Ho Chi Minh Highway, the East part of the North-South Expressway, Ben Luc – Long Thanh Expressway, Khanh Hoa – Buon Ma Thuot Expressway, Bien Hoa – Vung Tau Expressway, Chau Doc – Can Tho – Soc Trang Expressway, Ring Road No.4 in Hanoi, Ring Road No.3 in HCMC, the North-South high-speed rail, Long Thanh International Airport, and other necessary traffic facilities projects. The effective implementation of these projects would contribute to completing the three strategic breakthroughs set forth in the Resolution of the 13 th Congress of the Central Party Committee so that localities can receive sufficient economic boost. The Prime Minister informed that the total investment capital for all of the above projects reaches over VND500 trillion (US$21,4 billion), not … [Read more...] about Resolutions on Hanoi’s Ring Road No.4, HCMC’s Ring Road No.3 to be issued

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Hanoi eyes effective cooperation with neighboring provinces in Ring road No.4 project

August 5, 2022 by hanoitimes.vn Leave a Comment

Once completed, the project will bolster connectivity between Hanoi and the northern provinces in the Hanoi Capital Region. Hanoi considers effective cooperation with neighboring cities/provinces key to ensuring the speedy construction of the Ring-road No.4 project, with an estimated total investment capital of VND85.8 trillion (US$3.7 billion). Secretary of the Hanoi Party Committee Dinh Tien Dung. Photos: Pham Cong Secretary of the Hanoi Party Committee Dinh Tien Dung stressed the combined efforts during a meeting with leaders of Hung Yen and Bac Ninh Province on the plan for Ring-road No.4 construction today [August 5]. Ring road No.4 with a total length of 112.8 kilometers and covering a combined area of 1,341 hectares, would run through Hanoi (58.2 kilometers), Hung Yen (19.3 kilometers), and Bac Ninh (25.6 kilometers). Once completed, the project is expected to bolster provincial connectivity between Hanoi and the northern provinces in the capital … [Read more...] about Hanoi eyes effective cooperation with neighboring provinces in Ring road No.4 project

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Construction of Hanoi’s Ring-road No.4 set to begin next June

August 11, 2022 by hanoitimes.vn Leave a Comment

Ring-road No.4, one of the nine projects of national priority, is expected to create driving forces for Vietnam’s socio-economic recovery. The construction of Ring-road No.4 in Hanoi and neighboring cities under the capital area is scheduled to begin in June 2023. Prime Minister Pham Minh Chinh at the meeting. Photos: Nhat Bac “The Hanoi’s authorities and related provinces/cities should focus on completing investment procedures for sub-component projects and activities related to site clearance before the timeline.” Minister of Transport (MoT) Nguyen Van The stressed the goal during a meeting of the National Steering Committee on priority projects on August 10. This was the first meeting of the Committee after its establishment on July 23, which focuses on nine major transport projects worth a combined VND734 trillion (US$31.4 billion), including the Ho Chi Minh road; expressway sections Easter North-South, Ben Luc – Long Thanh, Khanh Hoa – Buon Me Thuot, … [Read more...] about Construction of Hanoi’s Ring-road No.4 set to begin next June

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HCMC’s Transport Department asked to accelerate Ring Road No.4 project

August 10, 2022 by www.sggpnews.org.vn Leave a Comment

Map of  three Ring Roads The Ring Road No.4 project has a length of about 200 kilometers, connecting HCMC with neighboring provinces of Binh Duong, Dong Nai, Long An, and Vung Tau. It runs from Bien Hoa-Vung Tau expressway in Phu My Town in Ba Ria-Vung Tau Province to Hiep Phuoc Port in HCMC. The section passing through HCMC is 17 kilometers; Ba Ria-Vung Tau Province is 18 kilometers, Dong Nai Province is 45 kilometers, Binh Duong is 49 kilometers and Long An is 71 kilometers. The Prime Minister previously asked HCMC and the provinces of Binh Duong, Dong Nai, Long An and Ba Ria-Vung Tau to implement the works of the sections running through every locality. The Prime Minister also delegated the HCMC Transport Department to take responsibility for coordinating with the functional departments of provinces to build a pre-feasibility study report on the construction of Ring Road No.4. By Thanh Hai – Translated by Kim Khanh … [Read more...] about HCMC’s Transport Department asked to accelerate Ring Road No.4 project

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Another section of Hanoi Ring Road No.3 opens to traffic

August 8, 2022 by en.qdnd.vn Leave a Comment

The “Hanoi City Ring Road No.3 Construction Project (Mai Dich - South Thang Long Section)” aims to construct a high-standard inner-city expressway in the western section, connecting the Mai Dich intersection and the South Thang Long intersection of Ring Road No.3 which links northern and north-eastern provinces, industrials zones and Noi Bai International Airport with the city center. The 5.4-km section has 4.8km of viaduct. Addressing the section’s inauguration ceremony, Deputy Prime Minister Truong Hoa Binh highlighted the significance of the project, which contributes to complete the 65-km Hanoi Ring Road No.3, helping easing traffic congestion in the west of Hanoi and forming a complete traffic network connecting northern localities with Hanoi as well as Red River delta localities. He lauded the efforts of the Ministry of Transport and the Thang Long project management board as well as contractors in conducting the project, while hailing the Hanoi government in ground clearance … [Read more...] about Another section of Hanoi Ring Road No.3 opens to traffic

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Hanoi prepares for 3.7 billion USD Ring Road No.4 project

August 8, 2022 by en.qdnd.vn Leave a Comment

Secretary of the Hanoi Party Committee Dinh Tien Dung said that the city had set up a steering committee for building Ring Road No.4 after the National Assembly issued a resolution on the project. As the governing body, the Hanoi Party Committee directed offices to draw up a plan of investment for the road's construction. The plan had been sent to the provinces of Hung Yen and Bac Ninh for comment. Dung asked localities to show determination, solidarity, focus and coordination with ministries and central agencies to implement the project well. According to Deputy Chairman of the Hanoi People’s Committee Duong Duc Tuan, the investment policy for the project was approved by the National Assembly in Resolution No.56/2022/QH15 dated June 16, 2022, with a scale of 112.8km and the total preliminary investment was 85.813 trillion VND (3.68 billion USD). The preparation for the project’s investment and implementation is scheduled to start this year, complete in 2026 and be put into … [Read more...] about Hanoi prepares for 3.7 billion USD Ring Road No.4 project

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Constant re-planning of transport projects in Vietnam

August 3, 2022 by www.sggpnews.org.vn Leave a Comment

Illustrative photo. In a pattern that seems to have prevailed for years, a transport project is usually put into operation soon after its inauguration, but then within a short time there is a need for its expansion or upgrade. What is more surprising is that even projects that are still under construction are being reconsidered for expansion or an upgrade. Such as in the case of the Hanoi Highway which has been expanded four times and still not complete. It may be that this Highway may even be further expanded. The Ho Chi Minh City to Long Thanh to Dau Giay Expressway was started in 2009 with an original design plan of four lanes, then soon after increased to six lanes and now being considered for eight lanes. For all we know it may also be extended to twelve lanes soon. The 17 km long metro line 1 has not yet been put into a trial operation but is being considered for an extension to include the route to Binh Duong and Dong Nai provinces. More recently, the 51 km long Trung Luong … [Read more...] about Constant re-planning of transport projects in Vietnam

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VEC proposes to expand HCMC-Long Thanh expressway in advance of 2025

August 4, 2022 by www.sggpnews.org.vn Leave a Comment

The traffic volume on Ho Chi Minh City- Long Thanh- Dau Giay expressway increased by an average of 10 percent a year. According to the MoT, after the Ho Chi Minh City- Long Thanh- Dau Giay expressway was put into exploitation, the traffic volume passing through the expressway increased by an average of 10 percent a year. Currently, the flow of vehicles through the section from the An Phu intersection in Ho Chi Minh City to the Long Thanh intersection exceeds the road's capacity. Therefore, studying the investment plan to expand the Ho Chi Minh City - Long Thanh expressway is necessary in accordance with the approved plan. Recently, the Vietnam Expressway Development Investment Corporation (VEC) proposed a plan of continuing investment and expansion of the Ho Chi Minh City - Long Thanh expressway, from Ring Road No.2 in Ho Chi Minh City to the Long Thanh intersection, from the current four lanes to eight lanes. The Ministry of Transport is directing VEC to complete the study … [Read more...] about VEC proposes to expand HCMC-Long Thanh expressway in advance of 2025

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Industrial real estate remains defiant in stock market

August 10, 2022 by vir.com.vn Leave a Comment

Among the notable stocks is Kinh Bac Urban Development Corporation JSC (KBC). In the first six months, KBC achieved nearly $47 million in net revenues and $103 million in net profit, down 61 per cent in revenues but up 271 per cent in profit over the same period last year. This year, it set a business plan with total revenue of $426 million and profit after tax of $195 million. Industry analysts say the demand for industrial real estate will continue in a positive trajectory in 2023, Le Toan KBC currently owns more than 4,700 hectares of industrial land and 917ha of urban area nationwide. Of which, the four zones of Que Vo Industrial Zone (IZ) and its expansion, Trang Due 1, and Trang Due 2 are fully occupied. The company is now developing two new IZs, Nam Son Hap Linh and Trang Due 3. Both of these projects cover large areas and are located in key cities and provinces in terms of industrial property development. Industrial Development and Investment Corporation JSC … [Read more...] about Industrial real estate remains defiant in stock market

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