Hanoi launches, inaugurates 9 key projects to mark 80th National Day
Hanoi plans to launch and inaugurate nine projects on August 19.
Secretary of the Hanoi Party Committee Bui Thi Minh Hoai and Chairman of the municipal People's Committee Tran Sy Thanh inspect the Yen Xa wastewater treatment system project in December 2024. (Photo: VNA)
Hanoi (VNA) ꦇ– Hanoi plans to launch and inaugurate nine projects on August 19 to mark the 80th anniversary of the August Revolution and National Day (September 2, 1945-2025).
The capital city’s Management Board for technical infrastructure and agricultural projects will inaugurate the Yen Xa Wastewater Treatment Plant in Thanh Liet ward, with an investment of 11.197 trillion VND (425.98 million USD) and a capacity of 270,000 cubic meters per day.
Trial operations finished on May 31. The plant aims to improve sanitation and ecosystems in urban areas around the To Lich, Nhue, and Lu river basins, supporting sustainable development.
Eight other projects start on August 19, including the road linking Gia Binh Airport in Bac Ninh to Hanoi, worth about 42 trillion VND, to enhance airport operations and urban development.
Construction of the Van Phuc Bridge and connecting road to National Highway 32 in Phuc Tho district will begin, with 3.444 trillion VND investment, completing transport infrastructure and boosting growth in Hanoi and neighbouring provinces.
Compensation and resettlement works for the Lao Cai–Hanoi–Hai Phong railway will develop resettlement areas and infrastructure in Dong Anh district. Similarly, resettlement for the North–South high-speed railway will build infrastructure on a 2.7-hectare site in Ngoc Hoi commune.
Component 3 of the Ngoc Hoi Bridge and approach roads project, costing 10.197 trillion VND, will complete Ring Road 3.5, connecting to Hung Yen Province and Hanoi’s road system. This will ease traffic on major routes and bridges, improve connectivity, and support urbanization and eco-tourism.
The Smart City project in Vinh Thanh commune, with 94.348 trillion VND investment, will create a modern urban area with full technical and social infrastructure, including financial centres, parks, and residences.
The Viettel Research and Development Centre (6.9 trillion VND) in Hoa Lac High-Tech Park will develop high-tech dual-use military and civilian products, supporting Viettel’s industrial and defence strategy.
Finally, the Hanoi High-Tech Biological Park project, investing 7.4 trillion VND in Thuong Cat ward, will build infrastructure for the biological high-tech zone, approved by the Prime Minister in September 2024, with phased construction starting after permits were issued in August 2025./.
To commemorate this milestone, the Government plans to inaugurate and break ground on 250 projects with a total investment of 1.28 quadrillion VND (about 48.72 billion USD) on August 19. Prime Minister Pham Minh Chinh assigned specific tasks to particular ministries and agencies during preparations and implementation of the events.
Under a document recently issued by the office of the municipal People’s Committee, competent departments, communes, and wards need to carry out specific tasks for the upcoming metro lines.
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The 13th Mekong–Republic of Korea (RoK) Business Forum provided a platform to seek solutions for strengthening collaboration, overcoming economic challenges, and expanding opportunities for sustainable development in a volatile global environment.
The ratification of the agreement not only reaffirms its steadfast commitment to a rules-based, fair, and sustainable international trading order but also brings tangible domestic benefits.
Launched in 2017 as a successor to the Top 1000 Corporate Taxpayers, PROFIT500 has become a trusted 'barometer' of corporate health, reflecting not only profit scale but also financial efficiency, growth potential and social responsibility.
Ho Chi Minh City, as the country’s largest economic and financial hub, is expected to take the lead in key areas such as capital markets, banking, and commodity trading. Meanwhile, Da Nang, with its strategic location and open-minded spirit, holds great potential to become a pioneer in sustainable finance, green finance, and digital financial services.
By aligning regulatory frameworks more closely with international practices, the Vietnamese Government expects to create a more transparent, efficient and investor-friendly market environment.
The Vietnam Investment and Finance Association (VIFA) in the UK has successfully organised the event “Financial Insights 2025” in London, aiming to strengthen financial and business ties between the two countries.
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From September 15, commercial banks and foreign bank branches must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital.
The State Bank of Vietnam set the daily reference exchange rate at 25,216 VND/USD on September 15, unchanged from the last working day of the previous week.
One of the key growth drivers for the paper packaging industry is the boom in e-commerce, FiinGroup reported, forecasting that the size of Vietnam's e-commerce market will reach 60 billion USD by 2030, leading to a massive demand for corrugated cartons used for shipping.
The Finance Minister's mission in the UK and Italy is expected to unlock new cooperation opportunities across multiple high-potential sectors, contributing to economic and financial cooperation between Vietnam and European countries.
The application integrates artificial intelligence (AI) and is capable of analysing images of wood cross-sections, providing identification results with an accuracy of up to 98.6% in less than one second.
The EU is among the world’s top three importers of farm produce, but Vietnam holds only a 2% share – still modest compared to its agricultural production capacity and potential, which indicates vast growth potential in the EU if backed by a proper strategy.
Vietnam’s stock market has emerged as a key driver of economic growth, serving as a channel for medium- and long-term capital mobilisation and a launchpad for businesses to enhance governance and financial transparency, said insiders.
With clear planning and a complete legal framework, Vietnam could draw private firms’ participation in the project. This is not only about mobilising capital, but also about fostering supporting industries, improving management capacity, and advancing sustainable economic and social development.
The roundtable was regarded as one of the largest international aviation cooperation events held in Vietnam this year. It was positioned as an investment promotion platform, where businesses from both countries - particularly in the fields of aviation and hospitality - had the opportunity to meet, exchange insights, and explore new avenues for cooperation.
State-run Airports Corporation of Vietnam (ACV) has proposed establishing an integrated air logistics centre and non-tariff zone at Long Thanh International Airport in Đồng Nai Province with an aim to turn it into a regional cargo gateway.
