Hanoi, December 19, 2025 – The Europe Today: Vietnam marked a major milestone in its socio-economic development on Friday with the launch or inauguration of 234 projects, including key infrastructure schemes valued at a combined VNĐ3.4 quadrillion (over US$129 billion), underscoring the country’s vision to “reach far into the ocean, delve deep underground and soar high into space,” Prime Minister Phạm Minh Chính said.
Speaking at a nationwide ceremony held at the central site of the planned Olympic Sports Urban Area project in Thượng Phúc Commune, Hanoi, and connected online to 34 provinces and cities, PM Chính emphasized that the projects form a critical foundation for a modern national infrastructure system capable of meeting Vietnam’s development demands in a new era.
“These projects are vital links in building a Vietnam that is peaceful, stable, integrated, prosperous, civilized and happy, advancing steadily towards socialism,” he stated.
According to the Ministry of Construction, of the 234 projects, 148 are newly launched while 86 have been completed or technically opened. The initiatives span 34 provinces and cities nationwide and coincide with the 79th anniversary of National Resistance Day and preparations for the upcoming 14th National Party Congress.
Key Achievements and Strategic Projects
The projects include nearly 3,200 km of expressways, 325 km of interchanges and access roads, over 1,700 km of coastal roads, Long Thành International Airport’s first commercial flight, and the National Exhibition and Convention Centre in Hanoi. Major energy and port projects, as well as expansions of hospitals such as Bạch Mai Hospital and Việt Nam-Germany Friendship Hospital, are also among the completed schemes.
Forward-looking initiatives include the Olympic Sports Urban Area with an investment of VNĐ925 trillion ($35.1 billion), Gia Bình Airport, Hòn Khoai Port, Cần Giờ Urban Area, urban railways, preparations for the North-South high-speed railway, and infrastructure for APEC 2027 on Phú Quốc Island.
Private Investment Driving Growth
Private capital plays a leading role, accounting for nearly VNĐ2.8 quadrillion ($106.4 billion), or over 82 percent of the total investment. Following three nationwide waves of project launches in 2025, Vietnam now has 564 large-scale projects with total investments exceeding VNĐ5.14 quadrillion ($195 billion).
Five Key Affirmations
PM Chính highlighted five key affirmations reflected in the projects: strategic vision and governance maturity, major advances in national infrastructure, support for private sector development, the principle that the people are the foundation, and the Vietnamese tradition of self-reliance and determination.
Commendation and Gratitude
The Prime Minister commended ministries, local authorities, investors, engineers, and workers for their tireless efforts, describing them as “soldiers on a battlefield without gunfire.” He also expressed gratitude to citizens who contributed land or accepted temporary hardships, as well as domestic and foreign enterprises that supported national development under the principle of “harmonized interests and shared risks.”
Foundations for the Future
Minister of Construction Trần Hồng Minh said the projects open new development space, enhance international integration, and reflect the soundness of Vietnam’s policies on private sector development. The Olympic Sports Urban Area will create a modern, integrated urban and sports complex capable of hosting major regional and international events.
Highlighting the achievements over the past five years, Minh noted that infrastructure progress has exceeded schedules, social housing has been prioritized, and nationwide emulation movements have transformed the national infrastructure landscape, contributing to GDP growth of over 8 percent in 2025, with the construction sector alone growing over 9 percent.
The launch of these projects sets a robust foundation for sustainable growth, signaling Vietnam’s readiness to achieve higher economic targets in the coming years.
