New transport plan for Hanoi

The Hanoi People's Committee has approved a transport development plan for the period from 2011-15, a project estimated to cost 153 trillion VND (7.5 billion USD), which aims to upgrade the city's transport infrastructure and address traffic problems.

In the April proposal, the Hanoi Transport Department requested more than 260 trillion VND (13 billion USD) to carry out the plan. This figure, which amounts to 20 per cent of the city's GDP, raised concerns among both experts and the public about the feasibility of funding the proposal, and the projected cost was reduced to 145 trillion VND (7 billion USD) in a later draft of the budget released this month.
The Hanoi People's Committee has approved a transport development planfor the period from 2011-15, a project estimated to cost 153 trillionVND (7.5 billion USD), which aims to upgrade the city's transportinfrastructure and address traffic problems.

In the Aprilproposal, the Hanoi Transport Department requested more than 260trillion VND (13 billion USD) to carry out the plan. This figure, whichamounts to 20 per cent of the city's GDP, raised concerns among bothexperts and the public about the feasibility of funding the proposal,and the projected cost was reduced to 145 trillion VND (7 billion USD)in a later draft of the budget released this month.

Under thenewly-approved plan, in the next five years Hanoi will prioritise theconstruction of national highways, ring roads, bridges, overpasses forpedestrians and railway routes through inner districts.

The firsturban railway project, the Cat Linh-Ha Dong Route, is expected tobecome operational in 2014, followed by the Nhon-Hanoi Station Route in2016, and the Nam Thang Long – Tran Hung Dao and Yen Vien-Ngoc HoiRoutes in 2018.

The municipal People's Committee Vice Chairman,Nguyen Van Khoi, said that in addition to improving the transportinfrastructure of the city center, the proposed plan also includes workin suburban districts.

The city intends to pave all urban roadsover 4,900km in length, targeting key roads linking districts to thecity or to the provincial main routes, which help to build new ruralareas and boost local tourism, according to the vice chairman.

Alsoincluded in the plan are provisions for 12 additional bus routes and 40new multi-storey and underground parking lots to deal with theincreasing demand for space./.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.