Vietnam’s Ambitious Infrastructure Plans: The Launch of 250 Projects

On August 19, the Vietnamese government will celebrate a historic milestone: a nationwide hybrid ceremony aimed at inaugurating and breaking ground for an impressive 250 infrastructure projects across 80 sites in the country. This initiative coincides with the 80th anniversary of the August Revolution and the upcoming National Day on September 2. The ambitious undertaking is expected to significantly contribute to the nation’s economy and pave the way for future growth.

A Vast Investment Initiative

The significance of the event is underscored by a substantial financial commitment. As of August 13, approximately 1.28 quadrillion VND (roughly 48.73 billion USD) has been earmarked for these projects. Among the confirmed projects, 89 have reached completion and are set for inauguration, while an additional 161 new projects are slated to commence construction. This investment reflects a broader strategy to stimulate Vietnam’s economy through massive infrastructure development.

The Economic Impact

Deputy Minister of Construction Le Anh Tuan emphasized that the 250 projects are projected to contribute more than 18% of the national Gross Domestic Product (GDP) by 2025, with estimates suggesting over 20% in subsequent years. The impact of these projects goes beyond immediate economic gains; they aim to create jobs, improve living standards, and enhance regional connectivity. With these ambitious goals, Vietnam is aiming for a GDP growth of at least 8% in 2025 and hopes for sustained double-digit growth from 2026 to 2030.

State and Private Funding Dynamics

In terms of funding, the projects display a clear division between state and private sources. Out of the total 250, 129 projects are fully state-funded, totaling 478 trillion VND (37%). In contrast, 121 projects, representing 63% of the total, are financed through other channels. Notably, five projects have attracted foreign direct investment, contributing approximately 54 trillion VND. This strategic allocation signals a robust partnership between the public sector and private entities, aimed at bolstering Vietnam’s infrastructure.

Key Projects Highlighted

Among the various projects slated for inauguration and launch, several stand out for their scope and significance.

• Vietnam National Exposition Centre in Hanoi’s Dong Anh commune is a landmark project developed by Vingroup, promising to be a hub for exhibitions and events.

• Viettel’s Research and Development Centre will focus on cutting-edge technologies, including semiconductors, artificial intelligence, and big data, representing a pivotal investment of around 10 trillion VND in innovation.

• In Da Nang, a new 76.9-hectare commercial-service and amusement complex is poised to inject about 79.79 trillion VND into the local economy.

• The Nghe An Oncology Hospital, which will accommodate 1,000 beds with an investment of 1.26 trillion VND, is set to enhance healthcare infrastructure.

• Lastly, the Hai Anh Wind Power Plant in Quang Tri province, valued at 1.565 trillion VND, showcases Vietnam’s commitment to renewable energy sources.

In the transport sector, the completion of the Rach Mieu Bridge in the Mekong Delta highlights advancements in accessibility and connectivity.

Future Plans

Looking ahead, a second nationwide ceremony is already on the calendar for December 19, 2025. This event will commemorate the completion of additional large-scale projects, including more than 3,000 kilometers of expressways and the first phase of the Long Thanh International Airport in Dong Nai province, which is expected to be completed nearly a year ahead of schedule.

This comprehensive approach not only highlights Vietnam’s commitment to enhancing vital infrastructure but also sends a strong signal to both local and international investors regarding the country’s economic aspirations and potential for growth. With strategic frameworks in place, the goal is to attract and guide private investments that will play a crucial role in the nation’s development journey.

As Vietnam embarks on this ambitious path, the focus will be on not just building infrastructure, but also on creating a sustainable and prosperous future for its citizens. The upcoming projects are not just about construction; they represent a vision for the future—one that seeks to uplift economic conditions and enhance the quality of life for millions.