Depth report

　　

Among them, the research and development center of Vietnam's Military Industrial Telecommunications Group in Ho Chi Minh City is a "super-large" project with a total investment of 10 trillion Vietnamese dong, focusing on semiconductor, artificial intelligence and data fields.On the 19th, 250 construction projects in Vietnam held simultaneous opening or completion ceremonies. Other projects include the Rach Mieu 2 bridge with an investment of 6.8 trillion Vietnamese dong, a wind power project with 1.5 The total investment of these projects is nearly 1300 trillion Vietnamese dong (approximately 10,000 Vietnamese dong is equivalent to 2.7 trillion Vietnamese dong, and the 79.7 yuan).8 trillion Vietnamese dong commercial entertainment park project in Da Nang.

 The Vietnam News Agency quoted an economist as predicting that the concentrated opening and completion of these large-scale projects will contribute more than 18% of Vietnam's GDP growth in 2025.In addition to these projects, Vietnam is expected to open the Long City International Airport in Dong Nai Province in December - the country's largest airport - to alleviate the congestion at the new Tan Son Nhat International Airport in Ho Chi Minh City. The Vietnamese government also plans to add 3,000 kilometers of expressways by the end of the year.

According to the Nikkei Asian Review, the scale of these infrastructure projects is approximately equivalent to 10% of Vietnam's GDP. Bloomberg reported that in the face of increasing global uncertainties and the fact that the government is still negotiating trade agreement details with the United States, Vietnam is accelerating efforts to achieve an 8% GDP growth target this year.

 The Vietnamese national finance will provide 37% of the funds, while the remaining 63% comes from other sources. Bloomberg reported that this includes investments from some foreign enterprises.

Vietnamese Prime Minister Pham Minh Phuc said on the 19th that the opening and completion of these projects have significant strategic importance and play a key role in "turning the situation around and achieving transformation" in the country's strategic infrastructure. The Nikkei Asian Review reported that Vietnam's national economy has so far been highly dependent on exports and foreign direct investment, making it vulnerable to external shocks - such as the so-called "reciprocal tariffs" recently implemented by the United States. Vietnam aims to stimulate domestic demand through infrastructure construction to reduce this vulnerability.

The Thai National Gazette reported that Vietnam is seeking to follow the example of economies like South Korea to become an "Asian economic tiger", but still faces major challenges such as an aging population, climate threats, and the transition from low-cost manufacturing to high-tech industries and green energy.

The Nikkei Asian Review reported that Vietnam is undergoing its largest-scale "innovation" in nearly 40 years. The government is accelerating the implementation of large infrastructure projects such as airports, railways and highways, while providing more incentive policies and support to revitalize Vietnam's private sector and unleash economic growth potential. [Special Correspondent Ren Zhong from Global Times]