The Government sets the target of doubling the total length of the expressway in Vietnam to 2,000 kilometers in the 2021-2025 period.

The project, estimated to be around VND87.1 trillion (US$3.81 billion), would be divided into seven sub-components and carried out under the combination of private-public partnership (PPP) and public investment mechanisms.

Total investment capital for Ring road No.4, slated for completion by 2027, is estimated at VND85.8 trillion (US$3.73 billion).

Ring road No.4 not only brings in economic benefits but also is significant in terms of politics and foreign affairs.

The project is a transportation corridor and economic engine for the growth of the Red River Delta.