Hanoi: A total of 250 projects across 34 cities and provinces were inaugurated or launched on August 19 with a combined investment of nearly 1.3 quadrillion VND (around 49.44 billion USD), providing strong impetus for Vietnam’s transition into a new stage of growth. The projects include 59 in transport infrastructure, 44 in civil and urban works, 57 in industry, and 36 in technical infrastructure. Economists predict that these projects will contribute more than 18% to national GDP in 2025 and over 20% in subsequent years, supporting Vietnam’s goal of at least 8% growth in 2025 and double-digit growth from 2026-2030.

According to Vietnam News Agency, the strategic focus on infrastructure and industry aims to bolster Vietnam’s economic landscape and enhance its regional competitiveness. The transport infrastructure projects are expected to improve connectivity across the country, facilitating trade and mobility. The civil and urban works are planned to accommodate the growing urban population, while the technical infrastructure projects aim to modernize the country’s digital and energy sectors.

The industrial projects are anticipated to attract significant foreign investment, which is crucial for sustaining Vietnam’s ambitious growth targets. This influx of investment is expected to create jobs and drive technological advancements, further positioning Vietnam as a key player in the global market. With these developments, Vietnam is setting a robust foundation for sustained economic expansion in the coming years.