“The reality about transportation is that it’s future-oriented. If we’re planning for what we have, we’re behind the curve.”
– Anthony Fox
ABOUT EVENT / Overview
Vietnam is one of the most promising country when it comes to development and progress in South East Asia. However, there is a substantial lack of infrastructure in Vietnam, especially in logistics and transport sector. To overcome this shortage, the Socialist Government of People Republic of Vietnam has come up with many projects in both sectors under Vision 2030.
Rapid urbanisation has increased the demand of better transportation system. Vietnam is, so far, dependant on road transportation predominantly. However, in the wake of Vision 2030, there are many on-going and up-coming projects for the development of the transport infrastructure. Also, various expressway projects are planned and underway to improve connectivity within major cities. Due to the tourism boom, inter-cities connectivity has become one of the most important factors in the progress in Vietnam.
Socio-Economic Development Plans (SEDPs) outline a series of five-year plan. The third plan, the Five-Year National SEDP 2016-20, prioritises private sector development, industrial restructuring, service sector development, integrating urban infrastructure and increasing public sector efficiency.
Transportation-specific development plans are consolidated in the Transport Development Strategy 2020 (Transport Strategy 2020), which was amended in March 2009 to align with the country’s broader Vision toward 2030.
The projected growth in construction and related services in transportation include:
- Expressways and bridges
- Airport and Urban Development
Future Developments in Transportation Sector
The total value of the project in Aviation Sector is an estimated $18.7bn with construction expected to begin in 2021. Two important Road Development Plans were formulated using a framework under Transport Strategy 2020. Major projects sets for development between 2016 and 2020 include New Expressways to China – including connections between Hanoi and Lang Son, Van Don and Mong Cai, and Hanoi and Cao Bang – as well as connections to Cambodia on the Long Bing-Chrey Thom bridge route. Tan Cang-Cai Mep International Terminal (TCIT) is expected to continue driving Maritime Trade Growth in the country. The North-South Rail Line that will connect Hanoi and Ho Chi Minh City, which will travel at speeds of between 160 km per hour (km/h) and 200 km/h by 2030, and potentially up to 350 km/h by 2050.
According to news, Insufficient shipping infrastructure is crimping exports while costing the country as much as US$2.4bn per year in freight-related losses.
Vietnam’s export revenue at current growth rate of 7% is expected to reach over 250 billion USD by 2020.
Vietnam plans to develop roads in 14 underdeveloped provinces and invest VND9.2 trillion ($409 million) to build more than 4,000 bridges by 2021.
Rapid development and progress defines the Vietnam’s infrastructure. There is a great paradigm shift when it comes to the plan and policies to support FDI’s, PPP framework in recent years. In the wake of all these development, Bricsa Consulting is hosting 3rd Annual Transport Infrastructure 2019 conference at Vietnam. This conference will highlight the plans and policies in regards to the Transport Sector. It would provide an outlook of the current trends in the transportation. It is a knowledge sharing platform where the leader from public and private sector will network and intensify the development transport sector in Vietnam.