PM attends groundbreaking ceremony for vital transport projects
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expressway in the Mekong Delta province of Dong Thap, in Hanoi on June 25 morning.
Prime Minister Pham Minh Chinh speaks at the groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expressway (Photo: VNA)
Hanoi (VNA) - Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expressway in the Mekong Delta province of Dong Thap, in Hanoi on June 25 morning.
The ceremony was held in a hybrid format connecting Hanoi's outlying districts of Hoai Duc, Thanh Oai, Soc Son, Thuong Tin of Hanoi, the northern provinces of Bac Ninh and Hung Yen, and Dong Thap.
The groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expresswa (Photo: VNA)
Ring Road No.4 in the Hanoi Capital Region has a total length of over 112km, with around 58.2km in Hanoi, nearly 19.3km in neighbouring Hung Yen and some 35.3km in Bac Ninh.
The route has a total investment of more than 85 trillion VND (over 3.61 billion USD), with more than 28.1 trillion VND of which funded by the State budget.
This is the first national important project implemented under the public-private partnership (PPP) form in accordance with the Investment Law.
Meanwhile, the Cao Lanh - An Huu Expressway, which is built with public investment of nearly 6 trillion VND, has a total length of over 27km running through the Mekong Delta provinces of Dong Thap and Tien Giang.
Ring Road No.4 in the Hanoi Capital Region has a total investment of more than 85 trillion VND (over 3.61 billion USD). - Illustrative image (Photo: VNA)
Speaking at the event, PM Chinh stressed that investment in infrastructure development, including transport infrastructure, is one of the three strategic breakthroughs defined by the Party and State in socio-economic development.
He praised the authorities of Hanoi, Bac Ninh and Hung Yen for their endeavours in completing over 80% of the workload of ground clearance compensation and resettlement work in areas related to the project, and urged them to strive to fulfill the work in the third quarter of this year, in order to ensure the handover of land for construction as schedule.
Investment in transport infrastructure is the top political task of all localities, ministries and sectors for the practical benefit of localities and the country, he stressed./.
Hanoi will build 13 resettlement areas at a cost of 13.36 trillion VND (563 million USD) for households affected by the construction of the Ring Road No. 4 project.
Ho Chi Minh City is striving to reactivate several key projects that have been shelved for years with a view to helping ease flooding and traffic congestion.
Hanoi is urgently speeding up the progress of sub-projects of the Ring Road 4 - Hanoi Capital Region project so that it can start the official construction of the important road in June, according to the Hanoi Management Board for Traffic Infrastructure Investment and Construction Projects.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Prime Minister Pham Minh Chinh speaks at the groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expressway (Photo: VNA) 
The groundbreaking ceremony for the construction of Ring Road No.4 in the Hanoi Capital Region and the first phase of Cao Lanh - An Huu Expresswa (Photo: VNA) 
Ring Road No.4 in the Hanoi Capital Region has a total investment of more than 85 trillion VND (over 3.61 billion USD). - Illustrative image (Photo: VNA) 
