Vietnam launches $129B infrastructure drive from Long Thanh airport to Phu Quoc metro
Senior leaders attended ceremonies across all 34 provinces and cities, underscoring the government’s push to accelerate strategic transport, energy, urban development and logistics infrastructure as key drivers of economic growth.
According to the Ministry of Construction, the projects include 38 managed by central ministries and agencies, 39 overseen by state-owned corporations, and 157 implemented by local authorities. Non-state capital accounts for about 82% of total funding, reflecting Vietnam’s growing reliance on private investment for national development.
Among the highlights was Long Thanh International Airport in Dong Nai Province, which reached a key milestone with its first official maiden landings by Vietnam Airlines, Vietjet and Bamboo Airways. The new airport, located about 40 km east of Ho Chi Minh City, is expected to become a major aviation hub for Southeast Asia.
Two critical road links connecting the airport, including sections of Ring Road 3, were also opened to traffic.
In Ho Chi Minh City, construction began on multiple gateway projects aimed at easing congestion and boosting regional connectivity. Work commenced on Component Project 2 of the nearly 51-km HCMC–Moc Bai Expressway, a VND19.6 trillion route linking the city with the Cambodian border. The city also broke ground on the Nguyen Khoai bridge-and-road project, a VND3.7 trillion elevated corridor designed to resolve chronic bottlenecks at the southern gateway.
HCMC also launched the Ben Thanh–Can Gio metro line, one of the most ambitious urban rail projects in the country. Spanning roughly 54 km with a design speed of up to 350 km/h, the VND102.4 trillion line will connect the city center with the southern coastal area in about 20 minutes and is scheduled for completion in late 2028.
Further south, Phu Quoc Island broke ground on its first urban light rail transit line, a VND9 trillion project developed by Sun Group to support preparations for hosting the APEC 2027 Summit. The nearly 18-km LRT line will link the island’s international airport with key event and tourism zones, helping reduce travel times and promote sustainable transport.
In Hanoi, Vingroup commenced construction of an Olympic sports urban complex covering more than 9,000 hectares, with a total investment of about VND925 trillion, making it the largest urban development project in Vietnam’s history. The centerpiece is a 135,000-seat FIFA-standard stadium inspired by Vietnam’s bronze drum heritage, slated for completion in 2028.
Several completed projects were also inaugurated, including the Binh Khanh Bridge in Ho Chi Minh City, now Vietnam’s tallest cable-stayed bridge, forming a critical link on the Ben Luc–Long Thanh Expressway.
Hanoi’s Noi Bai International Airport officially opened its expanded Terminal T2, boosting international passenger capacity to 15 million annually and introducing Vietnam’s first fully integrated digital airport ecosystem.
Vietnam Electricity energized the national power grid connection to Con Dao Island, replacing diesel-generated electricity with a stable mainland supply, while Vung Tau inaugurated a VND1.1 trillion coastal revitalization project transforming Bai Sau Beach into a modern public waterfront.
Construction Minister Tran Hong Minh said the scale and funding structure of the projects demonstrate Vietnam’s success in mobilizing social resources, with private capital now playing a central role in infrastructure development. The projects are expected to significantly improve connectivity, enhance competitiveness and support Vietnam’s long-term economic growth strategy.
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