The chosen investors are from individual companies as well as joint ventures between local and foreign businesses. The Mai Son-Highway No 45 project has 11 investors, according to the Department of Public-Private Partnership.

The North-South Expressway attracts many investors.

The section of Highway No 45-Nghi Son project, which covers 43km, with investment of more than 6.3 trillion VND (260 million USD), has five investors.

The Nghi Son-Dien Chau project which covers 50km, with investment of more than 8.3 trillion VND, has six investors.

Ten investors have been selected for the next bidding round for the Dien Chau-Bai Vot stretch.

Investors have also been chosen for the Nha Trang-Cam Lam project, Cam Lam-Vinh Hao project and Vinh Hao-Phan Thiet project.

The bidding application for the Phan Thiet-Dau Giay section opened on July 13 morning.

The section covers 99km, with investment of more than 14.3 million VND, including more than 2.4 trillion VND from the State budget.

The Ministry of Transport will evaluate preliminary bidding results in September and issue bidding documents from October 2019 to January 2020.

The ministry will evaluate bidding documents in January and February and approve the investor selection in March.

The North-South Expressway covers 2,109km, extending from the northern mountainous Lang Son province to the southern province of Ca Mau.

Once it is completed, it is expected to become the key route connecting traffic in the entire country.

A number of sections covering 601km are under construction.

Eleven more sections in the 2017-2021 period received investment of about 118.7 trillion VND, including 55 trillion VND from the State budget.

The three sections fully funded by the State budget are Cao Bo-Mai Son (15km), Cam Lo-La Son (98km) and My Thuan Bridge (7km).

Investors of Build-Operate-Transfer projects are allowed to collect toll fees, starting at 1,500 VND per km per car under 12 seats. The toll can be increased once every three years until it reaches 3,400 VND per km per car.

Seojin System project suspended at Song Khe Noi Hoang Industrial Park

(BGO) – The Department of Natural Resources and Environment in the northern province of Bac Giang has issued the letter to request Seojin System Company (Republic of Korean) to suspend the construction of Seojin Vietnam factory in Song Khe Noi Hoang Industrial Park because its environmental impact assessment report (EIAR) was not approved.

Thousands benefit from poverty reduction project

As many as 192,000 households have directly benefited from the Northern Mountains Poverty Reduction Project, said Nguyen Thanh Duong, Director General of the Department for Agricultural Economy, Ministry of Planning and Investment.

Japanese firms plan to pour 4 billion USD in Hanoi’s projects

Leading Japanese corporations on July 1 signed Memoranda of Understanding (MoU) with Hanoi to invest a total of close to 4 billion USD in projects in the capital city.

Bac Giang: 86 investment projects licensed and adjusted in first 6 months

(BGO) – As of June 17, 2019, Bac Giang province licensed and adjusted 86 investment projects, accounting for 72 percent with total capital of 542 milion USD, up 73.8 percent comparing to the same period last year.

‘Artist’s House’ project to promote Vietnamese music to tourists

Ho Chi Minh City is piloting a new tourism project called Ngoi Nha Nghe Si (Artist's House), with the aim of promoting Vietnamese music to international tourists at the homes of individual artists.

Source: VNS/VNA