Investment increase for Tuyen Quang – Phu Tho Expressway approved
Deputy Prime Minister Tran Hong Ha has approved an investment increase for the Tuyen Quang- Phu Tho Expressway connecting with the Noi Bai – Lao Cai Expressway project.
Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha hasapproved an investment increase for the Tuyen Quang- Phu Tho Expressway connecting withthe Noi Bai – Lao Cai Expressway project.
Accordingly, investment capital will be increased from 3.2trillion VND (136 million USD) to 3.753 trillion VND to create a breakthroughin economic development for the two northern provinces.
The expressway, which is fundedwith the central and local budgets, stretches 40.2km, including 11km to be built in Tuyen Quang provinc💟e and༺ the rest in Phu Tho province.
In the first phase from 2020 to 2023, the expressway has four lanes, allowing vehicles to travel at a maximum speed of 80km per hour. It will be expanded in the second phase until 2025. Tuyen Quang and Phu Tho provinces are required to coordinate together to adjust the investment policy of the project to ensure the expressway has at least four complete lanes, allowing vehicles to travel at 120km per hour. Once completed, it will help ease congestion on National Highway 2 and shorten travel time between Ha Giang, Tuyen Quang and Phu Tho provinces with the northern key economic region and Hanoi, while enhancing the efficiency of the Noi Bai- Lao Cai expressway. The first phase of the project is scheduled to be completed by the end of this year./.
The Government has approved the construction of an expressway connecting the northern provinces of Tuyen Quang and Phu Tho under the Build-Operate-Transfer (BOT) format after three years of delays.
Prime Minister Pham Minh Chinh on January 25 inspected the progress of a 40.2-km expressway project connecting the two northern provinces of Tuyen Quang and Phu Tho, which is funded with the central and local budgets.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Investment increase for Tuyen Quang – Phu Tho Expressway approved. (Photo: VNA) 
