Traffic congestion causes loss of around $1 billion

Traffic gridlock in Hanoi causes loss of $1-1.2 billion each year, according to a report of the Transport Development and Strategy Institute under the Ministry of Transport.

Traffic congestion causes loss of around $1 billion
Worse, traffic congestion also increases vehicle emissions and degrades ambient air quality.
Vietnam loses over one million working hours to traffic congestion annually. Additionally, traffic jam also affects investment environment and social development issues.
The high volume of vehicles, the inadequate infrastructure and the distribution of residents are main reasons for increasing traffic jam. Plus, traffic snarls happen because public transport just meets 9 percent of traveling demand while less land is for transport.

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