Hải Phòng launches 13 infrastructure projects totalling $830 million

Dec 19th at 14:50
19-12-2025 14:50:10+07:00

Hải Phòng launches 13 infrastructure projects totalling $830 million

The port city simultaneously launched and inaugurated 13 projects worth nearly VNĐ20 trillion (US$760 million), contributing to infrastructure upgrades, expanded development space and improved living standards.

A rendered image of the Lê Hồng Phong–Bùi Viện–Võ Nguyên Giáp roundabout in Hải Phòng City. Photo baohaiphong.vn

The northern port city of Hải Phòng on December 19 held a ceremony to launch and inaugurate 13 major projects to mark the upcoming 14th National Congress of the Communist Party of Việt Nam. 

Spanning transport, urban development, industry, logistics, health care and social welfare, the projects represent a combined investment of nearly VNĐ20 trillion (US$760 million), creating new momentum for the city’s development in the years to come.

Hải Phòng People’s Committee Chairman Lê Ngọc Châu noted that 2025 is a year of particular significance, marking the final year of the 2020–25 term and the anniversary of several major national events. 

Despite persistent challenges, the city has recorded notable achievements, with economic growth estimated at 11.8 per cent, ranking second nationwide, as well as State budget revenue exceeding VNĐ187 trillion.

Hải Phòng also boasts total social investment surpassing VNĐ321 trillion, strong growth in import–export turnover and nearly 11,000 social housing units completed, as well as successfully hosting the ABAC 3 meeting, securing investment commitments worth more than $15.6 billion.

Key projects include grade-separated interchanges on major transport corridors. 

The Nguyễn Trãi–Lê Hồng Phong interchange features a 440-metre underpass with six lanes, while the Lê Hồng Phong–Bùi Viện and Bùi Viện–Võ Nguyên Giáp interchanges combine underpasses and roundabouts, each with six lanes, helping ease inner-city congestion. 

The city also inaugurated components of the Tràng Duệ Social Housing Project in An Dương Ward. With a total of 2,538 apartments and an investment of VNĐ1.6 trillion, 1,770 units have been completed and are ready for handover to workers.

Hải Phòng has launched a component of the Lào Cai–Hà Nội–Hải Phòng railway project, involving station connectivity infrastructure and station plazas. 

The entire railway, with total investment exceeding VNĐ203 trillion, is scheduled for completion by 2030 and is expected to play a strategic role in regional connectivity and logistics. 

Bizhub

- 13:23 19/12/2025



NEWS SAME CATEGORY

Standard Chartered and ACCA deepen collaboration to develop Việt Nam’s talent for a sustainable future

Standard Chartered Bank Việt Nam and ACCA strengthen collaboration to future-proof finance talent, with AI-driven workshops and global accreditation supporting...

Resilience can help achieve growth goals: PM

The PM underlined that progress, social equity, social security and environmental protection will not be sacrificed for the sake of growth alone.

PM directs tasks to boost economic growth

Monetary tools, particularly exchange rates, interest rates and credit, must be managed flexibly and effectively to ensure the smooth, safe and stable operation of...

Việt Nam eyes deeper trade, investment ties with Japan, South Korea

A seminar examined prospects for Việt Nam’s economic engagement with its two major Northeast Asian partners amid tightening technical standards, green transition...

Forum discusses sustainable, green development

Leaders, experts and international partners urge Việt Nam to accelerate green and digital transformation, saying circular economy models are key to sustaining high...

Vietnam bucking trend in the global M&A landscape

Despite a sharp global downturn in merger and acquisition (M&A) activity, Vietnam has emerged as a relatively stable and increasingly attractive destination.

VIR workshop highlights capital and policy for sustainable development

Sustainable development, once framed largely as a long-term aspiration, demands strong policy commitments along with a fundamental rethinking of how capital is...

Advertising shifting towards quality over quantity

In the evolving realm of advertising, the focus is shifting towards quality over quantity, emphasising the significance of storytelling, emotional connections, and...

Stress laid on high-quality FDI inflows

Offering a selective and performance-based investment incentive framework, attached with a commitment to technology transfer and localisation ratio, is considered...

Can Tho utilises its growth advantages

Can Tho has made significant strides in creating a supportive environment that enables businesses to operate efficiently.


MOST READ


Back To Top