An underground tunnel at An Suong Intersection in HCM City (Photo: VNA)
HCMCity (VNA) - The HCM City People’s Comm🍃ittee has approved a policy oncarrying out significant projects 𒅌with city budget funds that address existing difficulties.
Thecity is also working on a plan to regulate State and city budget collection andspending in the 2021-2030 period and complete a legal framework for public-privatepartnership (PPP) investment to attract more investors. Themunicipal Department of Transport recently submitted to the People’s Committeea plan on transport infrastructure development to 2030, with a budget of around952.55 trillion VND (41.29 billion USD). Theplan will prioritise the construction of Ring Roads No 2 and No 3 as well asmetro lines and flyovers, among other projects. Directorof the HCM City Department of Transport Tran Quang Lam said that in addition toinvestment capital, project progress must also be carefully considered. Toimplement 172 transport infrastructure projects earmarked for 2016-20, the cityneeds an estimated 323.98 trillion VND. Fundsfrom the State budget for these projects, however, meet just 27 percent of needs,while PPP investment stands at a mere 13 percent. Thirty-sevenprojects, or 21.51 percent of the total, have been completed. Inthe last four years the city earmarked 12.48 trillion VND from its budget for120 projects, while nearly 17 trillion VND was allocated to 13 PPP projects./.
Ho Chi Minh City allocates about 10 trillion VND (431.9 million USD) a year for the transport sector but the funding does not seem to be enough for narrowing the gap between the local infrastructure system and travel demand, heard at a meeting on June 10.
HCM City should build an integrated elevated road system to tackle traffic congestion as land for transport in the inner city has become scarce, experts have urged.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
An underground tunnel at An Suong Intersection in HCM City (Photo: VNA) 
