HCM City targets completion of many transport projects in 2020
Ho Chi Minh City's authorities are planning to complete or start key transport infrastructure projects this year in an aim to reduce traffic congestion and develop connections between the city and neighbouring provinces.
Many transport projects in Ho Chi Minh City that will be completed or will start construction this year are expected to ease traffic congestion and contribute to the development of the city. (Photo tuoitre.vn)
HCM City (VNA)- Ho Chi Minh City's authorities are planning to complete or start key transportinfrastructure projects this year in an aim to reduce trafficcongestion and develop connections between the city and neighbouring provinces.
Luong Minh Phuc, Director of the city's Management Board for Traffic WorksConstruction and Investment, said the city is expected to complete 29traffic projects and start construction for 27 new traffic projects thisyear.
According to the city’s Department of Transport, the city plans to putinto use 81km of new roads and 18 bridges this year.
In particular, the An Suong tunnel at An Suong intersection in District 12 willbe completed in June. The project is expected to reduce trafficcongestion in the northern area of the city.
In addition, the Thu Thiem Bridge No 2 project is slated to be put intouse in the third quarter of the year. The bridge will shortenthe travel time from District 1 to District 2 and help ease congestionon Ton Duc Thang and Nguyen Huu Canh streets.
Nguyen Vinh Ninh, deputy director of the city’s transport project managementboard, said that a contractor for Hoang Hoa Tham and Cong Hoastreet expansion projects had been selected.
Both projects will be kicked off in the second and third quarters of this year,according to the People’s Committee of Tan Binh district. They areexpected to help reduce traffic congestion in areas near Tan Son NhatInternational Airport.
Traffic connections between HCM City and neighbouring provinces play animportant role in the economic development of the southern area. Sincetraffic congestion is the main cause for the high costs of transportinggoods between the city and provinces, the HCM City authority plans tocomplete the belt road No 2 linking provinces and cities this year.
Tran Quang Lam, director of the city’s Transport Department,said priority would be given to belt road, highway, and urban railwayprojects. If projects are completed, traffic congestion will be easedand city development will be strengthened./.
The Directorate for Roads of Vietnam (DRVN) has called on various agencies to fulfill their responsibility for maintaining transport projects on national highways and expressways at the end of the year.
The Government has prepared a backup plan to fund the North-South Expressway (NSE) amid fears that private investors might not be financially capable of carrying out the mega project, the transport minister has said.
Ho Chi Minh City's Department of Transport has asked the municipal People’s Committee to outline plans for investment in public transport in new residential areas, including new bus lanes, in an aim to reduce traffic congestion.
The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Many transport projects in Ho Chi Minh City that will be completed or will start construction this year are expected to ease traffic congestion and contribute to the development of the city. (Photo tuoitre.vn) 
