Vietnam to kick off, inaugurate 250 major projects nationwide on August 19
In celebration of the 80th anniversary of the August Revolution (August 19) and National Day (September 2), the Government will host a nationwide hybrid ceremony on August 19 to simultaneously inaugurate and break ground for around 250 projects at 80 sites across the country.
Minister and Chairman of the Government Office Tran Van Son reported that as of August 13, 250 eligible projects in 34 provinces and cities had been confirmed, with a total investment of about VND1.28 quadrillion (US$48.73 billion). These comprise 89 completed projects ready for inauguration and 161 new ones set to start construction.
Of the total, 129 projects are funded by the State, with a total capital of VND478 trillion (37%), while 121 others, totaling VND802 trillion (63%), are financed from other sources. Foreign direct investment capital is committed to five projects, worth roughly VND54 trillion.
The extensive programme is expected to give a significant boost to socio-economic growth, strengthen regional connectivity, and help achieve GDP growth of at least 8% in 2025, with double-digit expansion for 2026-2030. It will also create jobs, improve livelihoods, and raise living standards nationwide.
Highlight projects include the inauguration of the Vietnam National Exposition Centre in Hanoi's Dong Anh commune, developed by Vingroup; the groundbreaking of Viettel’s Research and Development Centre for advanced technologies such as semiconductors, AI, and big data, with an investment of around VND10 trillion; the launch of a 76.9-ha commercial-service and amusement complex valued at VND79.79 trillion in Da Nang; the inauguration of Nghe An Oncology Hospital with 1,000 beds and an investment of VND1.26 trillion; and the Hai Anh Wind Power Plant, worth VND1.565 trillion, in Quang Tri province. In the transport sector, the completion of the Rach Mieu Bridge in the Mekong Delta is a notable achievement.
Deputy Minister of Construction Le Anh Tuan said the 250 projects are projected to contribute over 18% of national GDP in 2025 and more than 20% in the following years. State-funded works will provide strategic infrastructure frameworks to attract and guide private investment.
A second nationwide ceremony is scheduled for December 19 to mark the completion and launch of additional large-scale projects, including over 3,000 km of expressways and Phase 1 of Long Thanh International Airport in Dong Nai provice, expected to be finished nearly a year ahead of schedule, in celebration of the 14th National Party Congress.
AIIB asked to support Vietnam in mobilising resources for major projects
Prime Minister Pham Minh Chinh asked the Asian Infrastructure Investment Bank (AIIB) to continue supporting Vietnam in mobilising resources to implement large-scaled projects such as the Lao Cai - Hanoi - Hai Phong and Lang Son - Hanoi standard-gauge railway ones during a reception for AIIB President Jin Liqun in Vientiane on October 10.
