Vietnam's Ministry of Transport has confirmed that the ambitious North-South high-speed railway project, with an estimated cost of over $67 billion, will be funded entirely through domestic sources, avoiding dependency on foreign loans.

The An Phu interchange project in Thu Duc City, a major infrastructure development with an investment of over 3,400 billion VND ($141 million), is nearing completion after 20 months of construction.

Prime Minister Pham Minh Chinh has approved the investment policy of the first phase of the Ho Chi Minh City - Moc Bai expressway project, meaning the city will go ahead with the project in 2025.

The Prime Minister has approved the investment policy for the Ho Chi Minh City - Moc Bai Expressway, a major infrastructure project aimed at enhancing transportation connectivity in southern Vietnam.

The central city of Da Nang has plans for a number of big infrastructure projects including moving the railway station, building bridge across the Han River and building tunnels through the airport, said the municipal people’s committee.

Deputy Prime Minister Tran Hong Ha chaired the second meeting of the task force assisting the Steering Committee on the progress of urban railway projects in Hanoi and Ho Chi Minh City this morning.

While only 89 kilometers of highways completed and put into use in 2001-2010 and another 1,074 kilometers in 2011-2020, the figure reached 600 kilometers in less than two years from 2021 to mid-2023.

VND272 trillion will be needed for 88 infrastructure projects listed in the investment plan until 2030, according to the HCMC Department of Transport.

The section has a total length of 128.8km and investment of VNĐ25.54 trillion (US$1 billion).

The Ho Chi Minh City People's Committee has submitted a proposal to the Prime Minister for approval of the investment policy for the Phase 1 construction of the Ho Chi Minh City - Moc Bai Expressway.

A major infrastructure project, the Tran Quoc Hoan - Cong Hoa connecting road, aims to relieve traffic congestion at the Tan Son Nhat airport gateway.

Minister of Transport Nguyen Van Thang has affirmed that money is ready for disbursement and payments will be made gradually as the work goes on.

With the attendance of Prime Minister Pham Minh Chinh, Vietnam on April 21 kicked off the construction of a VND11 trillion (US$432 million) stretch of the North-South expressway to China.

The Party Politburo has called for continued investment in building urban railways and subways in Hà Nội, HCM City and other large cities.

Prime Minister Pham Minh Chinh directed ministries, agencies, and localities to address challenges hindering the timely supply of materials, particularly sand, for infrastructure projects in the Mekong Delta.

The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.

The Ministry of Transport said it will strive to complete procedures for 19 transport projects to start construction in 2024.

The project is expected to open the door to trade and economic connection in the northeast region, serving the goal of promoting socio-economic development in related provinces, contributing to ensuring national defense and security.

The construction progress of the elevated section of the Nhon-Hanoi Station urban railway line has reached 99.54 per cent with the completion of eight stations, according to the Hanoi Metropolitan Railway Management Board (MRB).