New road to riches for Vietnam exports

Reading Time: 1 minute
Zigzag
The trans-Vietnam highway No 1 is already finished

A second arterial highway linking Vietnam’s commercial capital Ho Chi Minh City with the Mekong Delta and southern coastal regions will be built with funds lent by the Asian Development Bank (ADB), South Korea and Australia.

The project is expected to cost $860 million and will clear a new avenue for logistics in Vietnam, where exports contributed nearly 80 per cent of GDP in 2012, according to government figures.

“Vietnam has a rapidly growing export-led economy, and the Mekong Delta is a key economic driver which produces more than 60 per cent of Vietnam’s agricultural and fishery outputs and the third largest industrial center,” said Rustam Ishenaliev, Transport Specialist in ADB’s Southeast Asia Department.

“This transport link will help open up Vietnam’s western provinces in the Mekong River Delta and support its economic and industrial development,” he added.

Vietnam’s exports increased by more than 12 per cent in 2012 year-on-year, concomitant with the rise of industry, which saw its share of economic output increase from 36 per cent to 41 per cent in the same period.

According to the ADB’s forecast, Vietnam exports should benefit in 2013 for the expected economic recovery in the US, its largest export market.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

The trans-Vietnam highway No 1 is already finished

A second arterial highway linking Vietnam’s commercial capital Ho Chi Minh City with the Mekong Delta and southern coastal regions will be built with funds lent by the Asian Development Bank (ADB), South Korea and Australia.

Reading Time: 1 minute

Zigzag
The trans-Vietnam highway No 1 is already finished

A second arterial highway linking Vietnam’s commercial capital Ho Chi Minh City with the Mekong Delta and southern coastal regions will be built with funds lent by the Asian Development Bank (ADB), South Korea and Australia.

The project is expected to cost $860 million and will clear a new avenue for logistics in Vietnam, where exports contributed nearly 80 per cent of GDP in 2012, according to government figures.

“Vietnam has a rapidly growing export-led economy, and the Mekong Delta is a key economic driver which produces more than 60 per cent of Vietnam’s agricultural and fishery outputs and the third largest industrial center,” said Rustam Ishenaliev, Transport Specialist in ADB’s Southeast Asia Department.

“This transport link will help open up Vietnam’s western provinces in the Mekong River Delta and support its economic and industrial development,” he added.

Vietnam’s exports increased by more than 12 per cent in 2012 year-on-year, concomitant with the rise of industry, which saw its share of economic output increase from 36 per cent to 41 per cent in the same period.

According to the ADB’s forecast, Vietnam exports should benefit in 2013 for the expected economic recovery in the US, its largest export market.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid