Nearly 3.9 trillion VND invested in developing southern waterway corridors, logistics

The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).

  • Waterway traffic police fulfill their tasks
  • Training course on search and rescue skills on waterways opened
Nearly 3.9 trillion VND invested in developing southern waterway corridors, logistics -0
Super container ship M/V OOCL SPAIN docks at Gemalink port, Cai Mep - Thi Vai port cluster, Ba Ria-Vung Tau province). (Photo: VNA)

The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).

Duong Thanh Hung, head of the Waterway Project Management Board, told the Vietnam News Agency that it is an important and urgent project, aiming to improve the infrastructure system and reduce congestion, accidents, and the cost of transporting goods by waterway through renovating and upgrading the East-West transport corridor connecting the Mekong Delta region, and improving the North-South transport corridor connecting the southeast region with the Cai Mep Thi Vai port cluster.

Of its total investment, the WB loan capital is 106.96 million USD and non-refundable aid capital from the Australian Government, 0.58 million USD.

The implementation period is five years after the Funding Agreement takes effect, which is expected from 2023 to 2027.

The project will dredge and improve waterways to remove blockages on the East-West corridor through various rivers including Hau, Tra On, and Mang Thit and many canals Can Tho city and Ho Chi Minh City. In addition, it will tackle congestion on the North-South corridor through the rivers of Dong Nai, Nha Be, Long Tau, and others.

Nearly 3.9 trillion VND invested in developing southern waterway corridors, logistics -0
Vehicles on Xa No canal - section passing Vi Thanh city, Hau Giang province. (Photo: VNA)

Once the project is completed, the East-West and North-South transport corridors in the southern region will ensure traffic capacity for large ships and container ships for transporting goods. It will contribute to increasing water transport capacity and connecting with deep-water ports inland.

Hung said the ministry has required the board - also the project investor - to receive appraisal opinions and comments from relevant agencies and units to complete project documents according to regulations.

The board is also asked to urgently coordinate with donors and relevant agencies to prepare and implement negotiation procedures and sign loan agreements for the project as a basis for investment implementation, as well as to closely cooperate with localities in compensation, resettlement, and financial support ensuring project progress.

VNA

Other News

Major works at Long Thanh International Airport gather pace towards completion

Major works at Long Thanh International Airport gather pace towards completion

The ACV said on July 20 that contractors are deploying additional workers and equipment to speed up construction under Component Project 3, which covers the airport's essential aviation infrastructure. Major facilities, including the first and second runways, taxiways, aircraft aprons, the passenger terminal apron and the aircraft fuel supply system, are approaching completion.

GDP expands 8.18%, with new growth drivers taking shape

GDP expands 8.18%, with new growth drivers taking shape

According to the National Statistics Office under the Ministry of Finance, GDP expanded by 8.39% in the second quarter, up from 8.14% a year earlier. Growth for the first six months reached 8.18%, exceeding the 7.63% recorded in the same period of 2025. The performance reflected broad-based contributions from both the supply and demand sides of the economy.

Vietnamese economy sustains momentum on strong industrial production

Vietnamese economy sustains momentum on strong industrial production

The National Statistics Office (NSO) under the Ministry of Finance reported that the manufacturing and processing sector remained the principal driver of economic growth, accounting for 33.07% of the economy's total value-added growth during the first six months of the year.

Government urges vigilance as inflation pressures mount in H2

Government urges vigilance as inflation pressures mount in H2

The Government's inflation target remains within reach despite mounting headwinds. Several forecasts suggest inflation can stay below 4.5% this year if international oil prices continue to retreat. Extending domestic fuel tax incentives through year-end, along with stable electricity prices, healthcare fees and exchange rates, would offer additional relief.

Plan issued to develop agricultural logistics system

Plan issued to develop agricultural logistics system

A key target is that by 2030, all concentrated agricultural, forestry and fisheries production areas will have access to essential services, including product traceability, quarantine, testing, quality certification, processing and market development. The move reflects growing international demand for stricter food safety, quality and traceability standards, which have become increasingly important for agricultural exports.

Vietnam seeks stronger export growth in H2

Vietnam seeks stronger export growth in H2

Despite the encouraging performance, Vietnam's exports remain heavily dependent on a limited number of major markets and product groups, while the domestic value added of many export products remains relatively low because of their reliance on imported raw materials and components.

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

RoK picks Vietnam as K-Food logistics hub for ASEAN expansion

Demand for Korean food in Vietnam has continued to grow rapidly alongside the popularity of the Korean Wave, or Hallyu, making the country a strategic market in the RoK's plan to expand agricultural and food exports to ASEAN, the RoK's Ministry of Agriculture, Food and Rural Affairs said.

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Nearly 68,000 smuggling, trade fraud, counterfeit cases uncovered in H1

Authorities detected and handled 67,937 violations in the first half of the year, up 36.66% year-on-year. Budget revenue from enforcement reached nearly 9.65 trillion VND (nearly 367 million USD), an increase of 49.36%, while investigation was launched into 1,676 criminal cases involving 2,789 suspects.

Vietnam joins global push for energy efficiency

Vietnam joins global push for energy efficiency

Participation in the Montreal Declaration also provides a foundation for Vietnam to explore deeper engagement with the IEA's multilateral energy efficiency initiatives, offering opportunities to access data, policy experience, technical tools and public-private partnership models in energy conservation.

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Vietnam's Q2 GDP rises 8.39% amid broad-based economic growth

Releasing the country's socio-economic data for the second quarter and the first half of the year on July 3, NSO Director Nguyen Thi Huong said Vietnam sustained positive growth across most industries and sectors despite a challenging international economic environment.

Public-private partnerships drive low-emission rice farming

Public-private partnerships drive low-emission rice farming

Experts agreed that integrating nutrient management, biotechnology, mechanisation and digital technologies will enhance productivity, reduce greenhouse gas emissions and accelerate the transition towards greener, more sustainable rice production.