Invest in traffic to be the locomotive of economic growth

Although it is the leading province in terms of exports (accounting for more than 60%), Ho Chi Minh City’s infrastructure is still assessed as not meeting development needs. This has hindered the regional connection between Ho Chi Minh City and the provinces of Binh Duong, Long An and Dong Nai, and also the Trans-Asia route to Tay Ninh, to Cambodia.

In many planned projects, 3 . belt It is expected to help connect and circulate smoothly, creating more export advantages for businesses, contributing to creating a driving force for regional economic development.

With the connection of 5 radial highways are Ho Chi Minh City – Trung Luong, Ho Chi Minh City – Moc Bai, Ho Chi Minh City – Chon Thanh, Ho Chi Minh City – Long Thanh – Dau Giay and Ben Luc – Long Citadel, Ring Road 3 not only connects 4 localities but also solves the problem of inter-regional connectivity.

The space of Ring Road 3 creates an industrial corridor connecting dry warehouses to seaport clusters, helping to reduce travel time, increase the number of transport cycles, reduce logistics costs and create competitive advantages.

Illustration. (Source: VGP)

According to many experts, in order to create economic growth momentum for the southern locomotive, Ring 3 needs a specific mechanism when implementing. In particular, the capital mechanism will help the first phase of the project, the compensation and site clearance phase, be convenient and smooth because this stage needs to focus a lot on capital.

Only one Ho Chi Minh City – Long Thanh – Dau Giay Expressway In operation, Ho Chi Minh City has had times to create economic and trade breakthroughs with the provinces. But now it is the highway that is giving investors headaches when it is increasingly overloaded.

To maintain an economic locomotive for sustainable development like Ho Chi Minh City, infrastructure must always be prioritized and one step ahead. In the next 5 – 15 years, along with the closing of the Ring 2 Road, the promotion of the construction of the Ring 4 Road and other major projects such as Long Thanh Airport and satellite towns, the Ring Road 3 will create a great development force for the whole economic region.

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