Over 200 billion USD needed for transport infrastructure development until 2030
The Ministry of Transport has announced an infrastructure development plan to transform the country’s transport network by 2030, with a vision to 2050.
The Ministry of Transport focuses on developing the North-South express railway. (Photo: VietnamPlus)
Hanoi (VNA) ও- The Ministry of Transport has announced an infrastructure development plan to transform the country’s transport network by 2030, with a vision to 2050.
The plan calls for an estimated 200 billion USD investment in various transport projects to support Vietnam's growing economy and enhance connectivity across the country.
Vietnam's transport infrastructure has seen significant advancements, with over 24,300 kilometres of national highways, 2,000 kilometres of expressways, and a robust network of ports and airports.
Luu Quang Thin, Deputy Director of the ministry’s Planning and Investment Department, highlighted that development has been asynchronous, with an overemphasis on road transport at the expense of other modes like railways and urban transit systems.
Railways, in particular, have been underfunded and are in urgent need of modernisation. The slow pace of urban railway development has exacerbated congestion and environmental issues in major cities like Hanoi and Ho Chi Minh City.
The transport sector will accelerate the progress of urban railway routes in Hanoi. (Photo: VietnamPlus)
To address these challenges, the ministry is prioritising the construction of a high-speed North-South railway and accelerating urban railway projects. The railway sector is expected to receive around 151.2 billion USD in investment by 2030, with this figure rising to 312 billion USD by 2050 to support the creation of an efficient and sustainable rail network.
On the other hand, inland waterways, another underutilised asset, are set to play a critical role in Vietnam’s transport strategy. The ministry plans to focus investment on upgrading key transport routes, particularly in the central and Mekong Delta regions, to optimise the use of these natural resources.
Major ports will also undergo modernisation, with an estimated 10.8 billion USD required for inland waterway projects by 2030, and a subsequent 4.48 billion USD by 2050 as the projects advance.
The maritime sector is also a priority, with plans to improve key shipping lanes and develop international gateway ports, such as Lach Huyen and Ba Ria- Vung Tau. New port developments, including Can Gio and Van Phong, will support the Mekong Delta’s economic growth. Total investment in maritime infrastructure is projected to reach 4.16 billion USD by 2030, increasing to 6.65 billion USD by 2050.
In aviation, the ministry plans to upgrade and expand Vietnam's airport network, focusing on key hubs in Hanoi and Ho Chi Minh City. The strategy includes gradual upgrades to all 22 existing airports and the exploration of new airport projects to meet rising demand. Aviation infrastructure investment is projected at 17.1 billion USD by 2030, with an anticipated increase to 21.06 billion USD by 2050.
To realise these ambitious goals, the ministry will strive to mobilise a diverse range of funding sources. This effort includes revising legal frameworks to create a more conducive investment environment, streamlining administrative procedures, and delegating more authority to local governments to expedite project implementation.
The ministry is also looking to attract private sector investment through public-private partnerships (PPP) and foreign direct investment, offering substantial incentives to potential investors.
Over 200 billion USD needed for transport infrastructure development until 2030 (Photo: VietnamPlus)
Additionally, the ministry plans to maximise the use of official development assistance (ODA) and concessional loans from international donors to fund large-scale projects that will have a broad economic impact.
Efficient utilisation of existing infrastructure assets and the development of tailored investment strategies for each transport sector are also key components of the ministry’s approach./.
Representatives from the Departments of Transport of Hanoi and Ho Chi Minh City joined other delegates representing authorities, and transport and digital development sectors from 28 cities around the world in the third International Transport Conference in Moscow on August 22 – 23.
The northern province of Bac Giang is working to mobilise resources for transport infrastructure development, thereby creating momentum for the locality's socio-economic growth and investment attraction.
Prime Minister Pham Minh Chinh on December 28 asked the transport sector to pay more attention to infrastructure development, considering this as a key, priority task in 2024.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
