Key facts
- Vietnam's infrastructure spending surged 40% year-on-year in H1 2025.
- Reforms have streamlined project approval and disbursement processes.
- Public investment has increased by 55% compared to the previous five-year term.
- Completed expressways are projected to reach 3,245 km by the end of 2025.
- Materials and infrastructure companies are reporting double-digit earnings growth.
Vietnam's significant public investment in infrastructure is yielding substantial earnings growth for domestic materials and infrastructure companies. The nation has seen a 40% year-on-year surge in infrastructure spending during the first half of the year, attributed to accelerated project approvals, legal reforms empowering provinces, and more efficient disbursement processes.
These reforms, part of a broader initiative dubbed "Doi moi 2.0," aim to enhance GDP growth potential. The increased urgency among government officials, coupled with expanded authority for local governments to fast-track projects, has been a key driver. Streamlining efforts, such as consolidating provincial treasury offices, have drastically reduced the time for payments to contractors.
Overall public investment for the current government term has reached approximately USD 139 billion, a 55% increase from the previous period. By the end of 2025, Vietnam is expected to have nearly tripled its expressway network to 3,245 km. The government targets social investment capital to reach 40% of GDP in 2026, reflecting a strong commitment to infrastructure development as a catalyst for economic transformation.