More construction price norms for public transport projects to be issued
The Ministry of Construction will issue more construction price norms for public transport projects under its authority in the first quarter of 2024 to boost the construction of the country’s key transport projects.
Deputy Minister of Construction Bui Hong Minh speaks at the conference. (Photo: VNA)
Hanoi (VNS/VNA) - The Ministry of Construction willissue more construction price norms for public transport projects under itsauthority in the first quarter of 2024 to boost the construction of thecountry’s key transport projects.
Deputy Minister of Construction Bui Hong Minh spoke at an onlineconference to deploy the Prime Minister's Official Dispatch 02/CD-TTg datedJanuary 9, 2024, co-organised by the Ministry of Construction and the Ministryof Transport early this week. The event aimed to remove difficulties andobstacles related to construction investment costs, construction price andconstruction material price regulations.
According to Minh, in recent years, the investment in theconstruction of key projects, such as North-South Expressway, Ring Road 4 inHanoi, Belt Road 3 in Ho Chi Minh City, National Railway, urban railways,seaports and airports have been implemented synchronously, helping to connecteconomic development of regions, inter-regions and national key economicregions.
However, Minh said, the management of the projects has still facedmany difficulties and obstacles related to construction investment costs,construction price and construction material price norms, especially the priceof construction materials at mines assigned to contractors according to thespecific mechanism of the National Assembly and the Government.
At the meeting, Deputy Minister of Transport Le Anh Tuan said thatthe current regulations on managing construction investment costs are basicallycomplete and meet practical management requirements. However, in the actualimplementation process, some projects still face difficulties and obstacles indeveloping, appraising and approving total investment estimates andconstruction costs.
To solve the problems, Deputy Minister of Construction Bui HongMinh said his ministry will issue 318 additional construction price normsfor public transportation construction projects according to its authority inthe first quarter of 2024.
Besides, the ministry will also issue 547 price estimation normsfor public transport construction projects.
"We will continue to review to issue new norms for thosestill lacking or inappropriate due to changes in technology, constructionconditions or new construction materials," Minh affirmed./.
Prime Minister Pham Minh Chinh asked ministries, agencies and localities to make greater efforts to remove roadblocks to national and key transport projects while chairing a meeting on November 25.
A series of large inter-regional transport projects have been launched in the southeast region in 2023 to form a completed and uniform transport network meeting the region's development needs, creating new driving forces for the region’s economic growth.
The Ministry of Transport said it will strive to complete procedures for 19 transport projects to start construction in 2024. Among the projects, three are directly under the authority of the ministry, namely the Dau Giay-Tan Phu Expressway, Cho Moi-Bac Kan Expressway and Lo T-Rach Soi Expressway.
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.
Deputy Minister of Construction Bui Hong Minh speaks at the conference. (Photo: VNA) 
