Vietnam launches US$17.2 billion projects to mark 50 years of reunification

THE HANOI TIMES — Nearly 80 major projects nationwide with a total investment of VND445 trillion (US$17.2 billion) have either started construction or been inaugurated on April 19 to celebrate the 50th anniversary of the liberation of the South and national reunification.

Prime Minister Pham Minh Chinh presided over the groundbreaking ceremony for 80 major national projects at the Terminal T3 of Tan Son Nhat International Airport in Ho Chi Minh City.

The event, commemorating the 50th anniversary of the liberation of the South and national reunification (April 30, 1975 - April 30, 2025), was held in a hybrid format combining in-person and online participation in all three regions, North, Central and South, and was broadcast live from the main site in Ho Chi Minh City to all other project sites nationwide.

According to the Ministry of Construction, the total investment value of these 80 projects exceeds US$17.2 billion. About US$7.2 billion come from the state budget and about US$10 billion from extra-budgetary sources. The projects include about 40 in the transportation sector, 12 in industrial and civil construction, 12 in education, 9 in culture and society, 5 in public health and 2 in irrigation.

In Ho Chi Minh City, six major projects were launched or inaugurated: Terminal T3 of Tan Son Nhat International Airport and its connecting road from Tran Quoc Hoan to Cong Hoa Street; the technical opening of the Ben Luc – Long Thanh Expressway; the Hoc Mon Regional General Hospital; the land reclamation component of the Can Gio Marine Tourism Urban Area; and the commencement of the Ho Chi Minh City Ring Road No. 2 project.

Other important projects throughout the country include the inauguration of the new DT.719B coastal road, the Van Phong - Nha Trang expressway section, the groundbreaking of the US$47 million AEON Mall, the launch of the Thanh Phu eco-urban-tourism-commercial complex in Ben Luc District, and the start of the Ninh Binh - Haiphong expressway project.

Upon witnessing the early completion and official opening of Terminal T3, two months ahead of schedule, Prime Minister Pham Minh Chinh expressed his hope that these projects will not only be of great importance, but also serve as symbolic landmarks that will reinforce Vietnam's image as a nation of "Independence - Peace - Unity - Self-Reliance - Happiness - Prosperity - Civilization" on the global stage.

“These projects are expected to bring real benefits to the people so that they can directly enjoy the results of national development," Chinh said.

Stressing Vietnam's cultural values of integrity and commitment, the Prime Minister said, "What is promised must be delivered, and what is implemented must show concrete and measurable results."

These projects, he added, will help create a more attractive investment and business environment that will appeal to both domestic and international investors.

The year 2025 will be a critical acceleration moment to fulfill the five-year socio-economic development plan 2021-2025. This year, Vietnam will also celebrate several important national milestones: the 95th anniversary of the founding of the Communist Party, the 50th anniversary of national reunification, the 135th birthday of President Ho Chi Minh, and the 80th anniversary of the founding of the People's Republic of China. 

Vietnam aims to achieve GDP growth of at least 8% in 2025, setting the stage for double-digit growth in the coming years.