PM gives directions on Hanoi, HCM City’s belt road projects
Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.
PM chairs the meeting on the investment policy of Ring Roads No.3 and 4 of HCM City (Photo: baochinhphu.vn)
Hanoi (VNA) – Prime Minister Pham Minh Chinh on January 18 chaired a meeting with representatives of relevant ministries, sectors and of Hanoi, Bac Ninh and Hung Yen on the investment policy for the Ring Road No.4 project in the Hanoi Capital Region.
The PM held a similar meeting on January 15 with those of ministries, sectors and of Ho Chi Minh City, Long An, Dong Nai, Binh Duong and Ba Ria-Bung Tau on the investment policy of Ring Roads No.3 and 4 of HCM City.
At the meetings, PM Chinh underlined that the projects are of significant importance to the socio-economic development of localities in the Capital Region and southern region.
They will create a new development space for Hanoi, HCM City and surrounding localities, helping foster the regional economic connections, meeting the increasing travel demand, connecting roads to the cities’ centres and expanding land for development and reducing logistics cost, thus attracting more investors and improving locals’ living conditions, he said.
The PM asked relevant ministries, sectors and localities to complete dossiers of Ring Road No.4- Hanoi Capital Region and Ring Road No.3 of HCM City and summit to the Government within February and authorised agencies in early March.
He ordered the formation of a working group led by Chairman of the Hanoi People’s Committee to serve the implementation of the Ring Road No.4- Hanoi Capital Region, and another by the Chairman of the HCM City People’s Committee to cover the Ring Roads No.3 and 4 of HCM City. The two groups will consist of representatives from relevant ministries, sectors and localities and run under the direction Deputy PM Le Van Thanh./.
Hanoi will build its parts of the ring roads no.4 and no.5 between 2021-2025 in an effort to complete the local transport infrastructure, said the municipal Department of Transport.
The Ministry of Transport is coordinating with relevant ministries and agencies to develop a portfolio of transport projects and specific mechanisms for the implementation of the projects which will form part of the Government’s socio-economic recovery and development programme post-COVID-19, according to Minister Nguyen Van The.
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During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
PM chairs the meeting on the investment policy of Ring Roads No.3 and 4 of HCM City (Photo: baochinhphu.vn) 
