The Government Office has just issued Document 624/TTg-CN dated May 30, 2025, conveying the opinion of Deputy Prime Minister Tran Hong Ha on investing in expanding the Yen Bai - Lao Cai section of the Noi Bai - Lao Cai Expressway (Project).
Accordingly, Deputy Prime Minister Tran Hong Ha agreed with the proposal of the Ministry of Construction and the opinion of the Ministry of Finance on the assignment of the Vietnam Expressway Development Investment Corporation (VEC) as the managing agency to invest in the construction project to expand the Yen Bai - Lao Cai section of the Noi Bai - Lao Cai Expressway in accordance with the law on public investment.
VEC is responsible for the investment plan for production and business of the enterprise, implementing the investment of the project to ensure progress, quality, efficiency, and avoid negativity and waste.
The Deputy Prime Minister assigned the Ministry of Finance to propose the allocation of state budget capital to participate in the project investment (about 1,555 billion VND) in the medium-term public investment plan for the period 2026-2030, and report to competent authorities for consideration and decision.
At the same time, VEC was directed to review and specifically calculate the financial plan of the Project and organize implementation, ensuring the start of construction in 2025, basically completing the Project in 2026.
The Ministry of Construction closely coordinates with the Ministry of Finance, VEC and relevant agencies in the process of implementing the Project in accordance with the provisions of law.
According to the road network planning for the period 2021 - 2030, with a vision to 2050, the Noi Bai - Lao Cai expressway has been identified as 264 km long, with a scale of 6 lanes.
Currently, the Noi Bai - Lao Cai Expressway, 245 km long, has been invested by VEC, exploiting toll collection and refund since 2014.
Up to now, the expressway has been in operation for more than 10 years, the Yen Bai - Lao Cai section is being exploited with a scale of 2 lanes, without a median strip, limiting traffic capacity.
Because the Noi Bai - Yen Bai section has 4 complete expressway lanes, VEC proposed to invest in expanding the Yen Bai - Lao Cai section (about 83 km) to a scale of 4 lanes for synchronous exploitation.
