News Ho Chi Minh City to spend $40bn to clear blocked streets Ho Chi Minh City will need a budget of more than $40bn to build seven urban railways by 2035, according to the city’s Transport Department, as reported by the Vietnam…
News Fast-growing Vietnam woos Chinese builders for infrastructure The prime minister of Vietnam has called on Chinese companies to build infrastructure in the country’s two main cities, Hanoi and Ho Chi Minh City (HCMC). Pham Minh Chinh met…
News Vietnam invites big Chinese firm to help build $67bn North-South Railway Vietnam has asked China’s biggest contractor to help build its North-South railway, an epic infrastructure scheme that is expected to lay 1,700km of high-speed track at a cost of $67.3bn.…
News Vietnam puts cost of railway to China at $7.2bn Vietnam has estimated that the cost of building a railway to China’s southern Yunnan province would be $7.2bn, Vietnamese state media report. The 427km link would run from the border…
News China Communications boss travels to Hanoi to pitch for major infrastructure work The chief executive of China Communications has met with Vietnam’s deputy prime minister in Hanoi to offer his company’s services in a range of major infrastructure projects, VN Express reports.…
News Hanoi’s second metro line due to open next month The first section of Hanoi’s second metro line, Line 3, has opened for a free trial period before the official unveiling, due in September 2024. The 8.5km elevated railway built…
News Korean team visits Vietnam to pitch for smart city and railway work A team of business people and state officials from South Korea visited Vietnam last week to discuss large-scale projects such as urban development and high-speed rail. South Korea hopes to…
News Vietnamese EV maker begins construction of Indonesian factory Vietnamese EV-maker VinFast has broken ground on a $200m factory in Subang in West Java. The plant, which will have a maximum capacity of 50,000 vehicles a year, will contain…
News Vietnam mulls $2.2bn motorway from Central Highlands to the coast Vietnam is planning to build a $2.2bn motorway connecting Pleiku in the Central Highlands province of Gia Lai to the port city of Quy Nhon. The project was suggested by…
News Vietnam starts final section of $59bn North-South Expressway Vietnam broke ground this week on the 60km stretch of highway in the north of the country that will complete its historic $59bn North-South expressway. The $430m section runs north…
News Developer sentenced to death in Vietnam’s biggest-ever fraud case A court in Vietnam sentenced property developer Truong My Lan, 67, to death last week after a five-week trial found her guilty of embezzling more than $12.5bn from Vietnam’s largest…
News Cambodia to start $1.7bn canal despite Vietnamese, US concerns Cambodia will start work this year on a controversial plan to dig a 180km canal to link Phnom Penh to the sea, The Star newspaper reports. The Funan Techo canal,…
News Work starts on $580m Vietnamese port after four-year delay Ground broke last week on a $580m port project in the Vietnamese province of Quang Tri, English language daily Vietnam News reports. Going up on a 685ha greenfield site in…
News Chinese firm to build $2.4bn green hydrogen plant in Vietnam Chinese energy company Huadian has proposed the construction of a $2.4bn green hydrogen plant in central Vietnam, local media report. The state-owned company is looking to carry out the project…
News Work begins on $744m housing project near Ho Chi Minh City Construction has begun on a 19ha, $744m residential project in Vietnam, developed by Singapore’s CapitaLand Group. The new quarter will be located in Binh Duong New City, an industrial centre…
Markets Vietnam sets out 20-million-tonne-a-year hydrogen strategy Vietnam’s Ministry of Industry and Trade aims to produce up to 20 million tonnes of hydrogen a year by 2050. According to Vietnam Plus, the plan emerged after a 22…
News Vietnam to spend $1.4bn on mountain motorways Vietnam will spend $1.4bn on two ambitious motorways in its mountainous northwest. One will be a 121km link between the provinces of Cao Bang and Lang Son on the Chinese…
News Hanoi brings in Chinese contractor to consult on $2.7bn metro line Hanoi’s municipal transport department has signed a memorandum of cooperation with the China Pacific Construction Group (CPCG) and the Vietnam Construction Import–Export Corporation on Thursday. According to Vietnamese website The Investor, the…