Vietnam – Infrastructure Introduction
208 strategic infrastructure construction projects in Vietnam, at all stages of development from announcement to execution. These projects have a total investment value of US$300.1 billion.
The Vietnam prime minister approved the Socio-Economic Development Plan (SEDP) for 2016–2020. The SEDP lays out strategies under which the government expects to achieve an average GDP growth of 6.5–7% per year, and lift GDP per capita to US$3,200–3,500 by 2020. Key strategies focus on private sector development, urban infrastructure integration, industrial restructuring, service sector development and developing the agricultural sector.
While significant investments in infrastructure have made progress in the last few decades, more productive infrastructure is required. In the 2016–2017 World Economic Forum's Global Competitiveness Report, Vietnam ranked 85 out of 138 countries surveyed for the overall quality of its infrastructure, ahead of the Philippines (112) but behind Thailand (72) and Indonesia (80).
Electricity and power projects account for the largest share of infrastructure projects in the pipeline, with a total project value of US$135.6 billion; this is followed by railway projects with a pipeline value of US$89.1 billion. The pipeline value for airports and other infrastructure construction projects amounts to US$35.5 billion, and for road infrastructure projects it stands at US$35.4 billion. For water and sewerage projects, the total pipeline value stands at US$6.4 billion.