The La Son-Hoa Lien expansion will increase capacity and reduce accidents on the economically vital transportation corridor.

Acknowledging Ninh Thuan's conditions as "difficult, dry and miserable", yet Prime Minister Pham Minh Chinh envisions a resilient province achieving rapid, sustainable growth under the newly approved Plan.

The country has only disbursed 16.41% of its planned public investment capital in the first four months of the year, as major infrastructure projects face delays.

State-owned road infrastructure assets can now be monetized via transfer of toll collection rights to private entities in a bid to generate revenue.

Vietnam is keen to deepen economic ties with its former colonial power while France is rolling out the red carpet for investment.

Vietnam's leading carmaker, founded by its inaugural billionaire, is doubling down on electric vehicles — even as losses mount to billions of dollars