Effective capital usage solutions for road infrastructure maintenance in Vietnam

Abstract

In recent years, the road infrastructure system in Vietnam has developed rapidly, sustainably, in a modern direction with key points. The competitiveness index for the road quality in the period of 2015-2016 is ranked 93rd, an increase of 11 levels compared to the period of 2014-2015. Achieving such results, besides increasing construction investment both in width and depth, the role of road maintenance is indispensable. After 2013, when the Road Maintenance Fund is put into operation, the tolls on motorized vehicles are collected and the capital allocated for the national highway maintenance in the period of 2013-2016 is 6392,24 billion VND/year on average, it is greatly increase comparing with the previous period. However, the capital usage management is still inadequate. By analyzing the policies, status of management for road maintenance capital usage in Vietnam; using the results of running SPSS software for investigation and survey, two groups of solutions have been pointed to improve the management of the capital usage for road maintenance. Two groups are: completion the allocation mechanism for local road maintenance fund and legal system related to capital usage management to ensure the efficiency and sustainability of road traffic infrastructure.