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Vietnam launches 234 infrastructure projects worth over $130 billion

Created at 2 Sep · 8:00 AM1 source↑ Market-relevant
IN SHORT

Vietnam has launched and inaugurated 234 major infrastructure projects across 34 provinces and cities, with a combined investment exceeding VND 3.4 quadrillion (approximately USD 130 billion). The initiative includes transportation, urban development, aviation, and public facilities, aiming to support economic growth and connectivity.

Key Numbers

234major infrastructure projects launched and inaugurated
34provinces and cities involved
VND 3.4 quadrillioncombined investment value
USD 130 billioncombined investment value
148newly launched projects
86inaugurated or technically opened projects
VND 627 trillionstate budget funding
USD 24 billionstate budget funding
VND 925 trillionOlympic Sports Urban Area investment
USD 35 millionOlympic Sports Urban Area investment
VND 10.99 trillionTerminal T3 project cost
USD 439 millionTerminal T3 project cost
20 millionpassengers per year capacity for Terminal T3
50 milliontotal airport capacity after Terminal T3
2,870 hectaresCan Gio coastal urban area
VND 11.8 trillionVan Phong - Nha Trang expressway budget
USD 471 millionVan Phong - Nha Trang expressway budget
USD 707 millionBien Hoa - Vung Tau Expressway (Phase 1) cost
VND 152 billionDong Nai Province ethnic boarding school investment
USD 6 millionDong Nai Province ethnic boarding school investment
VND 272 billionVinh Long Province sports complex investment
USD 10.8 millionVinh Long Province sports complex investment

Who's Involved

Pham Minh Chinh
Prime Minister of Vietnam, chaired national ceremony and highlighted project significance
Ministry of Construction
Provided data on the number and types of infrastructure projects
Vingroup
Held groundbreaking for the Can Gio coastal urban area project
Vietnam launches 234 infrastructure projects worth over $130 billion

↳ Why This Matters

This massive infrastructure push signals Vietnam's strategic focus on economic development, urbanization, and improved connectivity, aiming to bolster its position as a manufacturing hub and attract further investment.

Key facts

  • Vietnam launched 234 infrastructure projects nationwide on December 19, 2026.
  • The total investment for these projects exceeds VND 3.4 quadrillion (approximately USD 130 billion).
  • Projects include transportation, urban development, aviation, railways, and public facilities.
  • Notable projects include Terminal T3 at Tan Son Nhat International Airport and the Can Gio land reclamation tourism urban project.

Vietnam launched and inaugurated a record 234 major infrastructure projects across 34 provinces and cities on December 19, 2026, marking a significant national investment push. The combined value of these projects exceeds VND 3.4 quadrillion, approximately USD 130 billion, according to the Ministry of Construction.

The initiative encompasses 148 newly launched projects and 86 inaugurated or technically opened projects, covering a wide range of sectors including transport, urban development, aviation, railways, and public facilities. State budget funding accounts for over VND 627 trillion (around USD 24 billion) across 96 projects, with the remaining financed through non-budgetary sources like public-private partnerships and corporate capital.

Prime Minister Pham Minh Chinh presided over the central ceremony in Ho Chi Minh City, emphasizing the event's record-setting scale in total investment, private sector participation, and the capital scale of the Olympic Sports Urban Area project. Key highlights include the completion of Terminal T3 at Tan Son Nhat International Airport, designed to significantly increase passenger capacity, and the inauguration of the Van Phong - Nha Trang expressway, enhancing regional connectivity.

Other notable developments include the groundbreaking for Vingroup's Can Gio coastal urban area, Vietnam's largest land reclamation project, and the technical opening of the Bien Hoa - Vung Tau Expressway. The nationwide rollout underscores Vietnam's commitment to accelerating infrastructure delivery to support economic growth, urbanization, and regional connectivity.

Frequently asked questions

The combined investment value for the 234 projects exceeds VND 3.4 quadrillion, which is approximately USD 130 billion.

The projects cover transportation, urban development, aviation, railways, and public facilities, including education, culture, society, and public health.

Funding comes from both state budget sources (over VND 627 trillion) and non-budgetary sources, including public-private partnerships and corporate capital.

Key projects include the completion of Terminal T3 at Tan Son Nhat International Airport, the Van Phong - Nha Trang expressway, and the groundbreaking for the Can Gio land reclamation tourism urban project.

What Happens Next

01Continued monitoring of the progress and impact of these 234 infrastructure projects.
02Assessment of the economic growth and connectivity improvements resulting from the new infrastructure.

How It Developed

Vietnam launched and inaugurated 234 major infrastructure projects across 34 provinces and cities on December 19, 2026.
The projects have a combined investment value exceeding VND 3.4 quadrillion (approximately USD 130 billion).
The initiative includes 148 newly launched projects and 86 inaugurated or technically opened projects.
Key projects include the completion of Terminal T3 at Tan Son Nhat International Airport, the inauguration of the Van Phong - Nha Trang expressway, and the groundbreaking for the Can Gio land reclamat
Prime Minister Pham Minh Chinh highlighted the event's record-setting aspects in total investment, private sector participation, and the scale of the Olympic Sports Urban Area project.
The projects cover transportation, urban development, aviation, railways, and public facilities, with state budget funding and non-budgetary sources financing the initiatives.

Sources

T1
Vietnam launches infrastructure spree to mark independenceNikkei Asia
T2
Vietnam launches and inaugurates 234 infrastructure projects nationwide ...southeastasiainfra.com
T2
Vietnam Launched 234 Major Projects In One Day: New Olympic Complex ...vietcetera.com
T2
Vietnam kicks off 80 major projects to celebrate reunification anniversaryvietnamnet.vn

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