An Expressway Development Strategy for Vietnam

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 urbanizati...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Infrastructure Study
Language:	English en_US
Published:	Washington, DC 2013
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 http://hdl.handle.net/10986/12984

Description
Summary:	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.