Part of the Noi Bai-Lao Cai Expressway
The new economic corridor linking localities of Lang Son-Hanoi-HCMC- Moc Bai will be developed with the aim of creating a fundamental framework for national territorial organisation, especially in regards to developing the national infrastructure system, according to the Government website.
The formation of this economic corridor is designed to promote socio-economic development in localities along the corridor, producing a spillover effect boosting development in other localities throughout the country.The Lang Son-Hanoi-HCMC- Moc Bai corridor is expected to generate revenues of approximately US$200-220 billion by 2020, accounting for 70% of North-South goods transport volume and 46% of the marine shipping volume.
The corridor aims to attract around 9-9.5 million international visitors and 40-41 million domestic visitors with total revenues estimated at US$15-16 billion.
Trade value along the Lang Son-Hanoi-HCMC-Moc Bai economic corridor is forecasted to account for 40% of retail sales and 85% of the total North-South trade value.
According to the Government website, priority tasks will include transport infrastructure development, infrastructure in economic zones, high-quality training, scientific and technological research and administrative reforms.
