An Expressway Development Strategy for Vietnam

Vietnam's rapid economic growth continues to create new demands for transport infrastructure and services. Bottlenecks to business activities caused by infrastructure constraints are already appearing in several areas. High rates of urbanization, rising traffic accidents, new capacity constraints, and a large increase in asset preservation requirements to meet the fast expansion of transport assets presents further challenges to the sector. To address these infrastructure bottlenecks, and to gradually remove the transport constraints on industry, Vietnam is embarking on an ambitious expressway development program. To date the transport sector has facilitated this growth principally through the rehabilitation and widening of existing arterial roads. The national road network has expanded to 17,000 km, the overall condition has improved with 66 percent of the network being in good and fair condition and 84 percent of the network is now paved. If traffic growth rates continue at their current rate these constraints could adversely impact future economic development. The successful development of an expressway system is a significant physical and financial commitment which will require a number of changes to laws, regulations, institutions and operations of the network.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2008-12
Subjects:	ACCOUNTING, AIRPORTS, AMORTIZATION, ARTERIAL ROADS, ASSET BASE, ASSET VALUE, AUCTION, AUCTIONS, AUTO OWNERSHIP, BACKED BONDS, BID, BIDS, BOND, BOND FINANCING, BOND HOLDERS, BOND ISSUE, BOND ISSUES, BOND OPTION, BONDS, BORROWER, BOTTLENECKS, BRIDGE, BUS, BUSES, CAPACITY CONSTRAINTS, CAPITAL BASE, CAPITAL GRANT, CAR, CAR OWNERS, CAR OWNERSHIP, CARS, CASH FLOW, COMMERCIAL BANKS, COMPETITIVE BIDDING, CONFLICT OF INTEREST, CONGESTION, CONTINGENT LIABILITIES, CONTINGENT LIABILITY, CORPORATE BONDS, CREDIT RATING, CREDITWORTHINESS, CROSSINGS, CURRENCY, DEBT, DEBT BURDEN, DEBT FINANCING, DEBT REPAYMENT, DEBT REPAYMENTS, DEMAND FOR TRANSPORT, DEMAND FOR TRANSPORT SERVICES, DEPOSITS, DEVELOPING COUNTRIES, DEVELOPMENT BANK, DISCOUNT RATE, DOMESTIC BORROWING, DOMESTIC CAPITAL, DOMESTIC DEBT, ECONOMIC DEVELOPMENT, ECONOMIC EFFICIENCY, ECONOMIC GROWTH, ENVIRONMENTAL REGULATIONS, EQUIPMENT, EQUITY INVESTMENT, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPRESSWAYS, EXTERNAL BORROWING, EXTERNAL DEBT, FINANCIAL MARKETS, FINANCIAL PERFORMANCE, FINANCIAL SUPPORT, FINANCIAL SUSTAINABILITY, FINANCING REQUIREMENTS, FISCAL POLICY, FOREIGN CURRENCY, FOREIGN DIRECT INVESTMENT, FREEWAY, FUEL, FUEL TAX, GOVERNMENT BOND, GOVERNMENT BOND MARKET, GOVERNMENT BONDS, GOVERNMENT BORROWING, GOVERNMENT BUDGET, GOVERNMENT DEBT, GOVERNMENT FUNDING, GOVERNMENT INVESTMENT, GOVERNMENT OWNERSHIP, GOVERNMENT POLICIES, GOVERNMENT POLICY, GOVERNMENT SUPPORT, GROSS DOMESTIC PRODUCT, HEAVY TRUCK VOLUMES, HIGH SPEED VEHICLES, HIGHWAY, HIGHWAY AUTHORITY, HIGHWAY CONSTRUCTION, HIGHWAY NETWORK, HIGHWAY SYSTEM, HIGHWAY TOLLS, HOLDING, HUMAN RESOURCE, INCOME LEVELS, INDIVIDUAL INVESTORS, INFLATION, INFLATION RATE, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE FINANCE, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE PROJECTS, INSTITUTIONAL INVESTORS, INTEREST RATE, INTEREST RATE DIFFERENTIAL, INTEREST RATES, INTERNATIONAL BANK, INTERNATIONAL BORROWING, INTERNATIONAL DEVELOPMENT, INTERNATIONAL STANDARDS, INVESTING, INVESTMENT CAPITAL, JOINT STOCK COMPANY, LANES, LEGAL FRAMEWORK, LEGAL INSTRUMENT, LEGAL INSTRUMENTS, LEVEL OF RISK, LOAN, LOCAL CURRENCY, MARKET FOR BOND, MARKET INSTABILITY, MATURITY, MATURITY DATE, MINISTRY OF TRANSPORT, MINORITY SHAREHOLDERS, MOBILITY, NATIONAL HIGHWAYS, NATIONAL TRANSPORT, OUTSTANDING DEBT, PEDESTRIANS, PORTFOLIO, POTENTIAL INVESTOR, PRIVATE DEBT, PRIVATE EQUITY, PRIVATE FINANCE, PRIVATE FINANCING, PRIVATE FOREIGN INVESTORS, PRIVATE INVESTMENT, PRIVATE INVESTOR, PRIVATE INVESTORS, PUBLIC ACCEPTABILITY, PUBLIC DEBT, PUBLIC FINANCE, PUBLIC FUNDS, PUBLIC INVESTMENT, PUBLIC PARTNERSHIP, PUBLIC PARTNERSHIPS, PUBLIC WORKS, PURCHASING POWER, RAILWAY, RAPID TRANSIT, REGULATORY AUTHORITY, REGULATORY FRAMEWORK, REGULATORY OVERSIGHT, RESERVE, RESETTLEMENT, RETURN, RETURNS, REVOLVING FUND, RING ROADS, ROAD, ROAD DEVELOPMENT, ROAD FACILITIES, ROAD INFRASTRUCTURE, ROAD INVESTMENT, ROAD MAINTENANCE, ROAD NETWORK, ROAD SAFETY, ROAD SECTOR, ROAD SPACE, ROAD SYSTEM, ROAD TRAFFIC, ROAD TRANSPORT, ROAD TRANSPORT SERVICES, ROAD USER, ROAD USERS, ROADWAY, SAFETY ISSUES, SHAREHOLDER, SIGNAGE, SOURCES OF FINANCE, STOCK EXCHANGE, STOCK MARKET, TAX REVENUE, TOLL, TOLL BOOTHS, TOLL COLLECTION, TOLL REVENUES, TOLL ROAD, TOLL ROADS, TOLLS, TRAFFIC, TRAFFIC ACCIDENTS, TRAFFIC GROWTH, TRAFFIC LEVELS, TRANSACTION, TRANSACTION COSTS, TRANSIT AUTHORITY, TRANSPARENCY, TRANSPORT, TRANSPORT ACTIVITY, TRANSPORT CAPACITY, TRANSPORT ENGINEERING, TRANSPORT INFRASTRUCTURE, TRANSPORT INVESTMENTS, TRANSPORT SECTOR, TRANSPORT SERVICE, TRANSPORT SYSTEM, TRANSPORT SYSTEMS, TRANSPORTATION, TRAVEL TIME, TRAVEL TIMES, TRAVELERS, TRUCK TRAFFIC, TRUCKS, TYPES OF ROAD, VARIABLE RATES, VEHICLE, VEHICLE FLEET, VEHICLE OPERATING, VEHICLE OPERATING COSTS, VEHICLE REGISTRATIONS, VEHICLE SPEEDS, VEHICLE USAGE, VEHICLES,
Online Access:	http://documents.worldbank.org/curated/en/2008/12/16349587/vietnam-expressway-development-strategy-vietnam https://hdl.handle.net/10986/12984
Tags:	Add Tag No Tags, Be the first to tag this record!