Vietnam’s massive transport investment programme planned

Vietnam is setting out plans for a massive programme of infrastructure investment. International investment is being sought, with many of the projects being planned under the PPP model. Transport will be placed as a top priority, with a budget of US$400 billion having been discussed as Vietnam’s transport spending target for the next 10 years. One of the biggest projects will be for the construction of a new highway connecting Vietnam’s two main cities, Ho Chi Minh City and Hanoi. The two cities are some 1,137km apart but on the present roads, the distance between them is 1,757km. A new highway connecting the two cities would shorten the distance and the travel time, while featuring up to 10 lanes and costing up to $13 billion to construct. Other transport projects would include building new airport facilities, high speed rail and commuter metro systems.