Vietnam welcomes Warburg Pincus expressway project to expand investments, boost tourism
Deputy Prime Minister Bui Thanh Son met Warburg Pincus Managing Director Li Fan on November 12, welcoming the group’s major investments in Vietnam and urging further cooperation in finance, infrastructure and high-tech development.
THE HANOI TIMES — US private equity firm Warburg Pincus plans to invest in an expressway connecting Long Thanh International Airport with the Ho Tram tourism complex, expanding its long-term footprint in Vietnam’s infrastructure and development sectors.
At a meeting on November 12 with Warburg Pincus Managing Director Li Fan, Deputy Prime Minister Bui Thanh Son welcomed the proposal.
Deputy Prime Minister Bui Thanh Son(right) meets Warburg Pincus Managing Director Li Fan. Photo: VGP
He urged the firm to accelerate preparations for the project, which is expected to attract more international visitors to southern Vietnam’s coastal areas.
The expressway, valued at VND17.3 trillion (US$657 million), was first discussed between Warburg Pincus and Prime Minister Pham Minh Chinh in April 2025.
Son praised the company’s ongoing investments worth more than US$2 billion in Vietnam over the past 12 years, including major projects such as Vincom Retail, BW Industrial, Techcombank, MoMo, The Grand Ho Tram, and Xuyen A Hospital.
These ventures have created about 40,000 jobs, making Vietnam Warburg Pincus’s third-largest market in Asia, after China and India.
The Ho Tram complex, a major tourism and entertainment project, has a total investment of $4.2 billion, of which $1.5 billion has been disbursed. The project has created over 2,000 jobs and contributed more than VND2.2 trillion ($83.5 million) to the State budget in the past five years.
Deputy Prime Minister Son said these projects reflect the company’s long-term commitment to Vietnam’s infrastructure, finance, trade and healthcare development.
The deputy prime minister also asked Warburg Pincus to help Vietnam develop its capital market and assist Vietnamese companies in joining the group’s global supply chain.
He hoped the firm would support Vietnam in encouraging the US government to recognize Vietnam as a market economy and remove restrictions on high-tech exports to the country.
“Vietnam always stands ready to engage in dialogue, listen and address business proposals based on the principle of shared benefits and shared risks,” said Son.
Warburg Pincus Managing Director Li Fan expressed his admiration for Vietnam’s recent positive reforms, especially the ongoing administrative consolidation of provinces and cities.
He also congratulated Vietnam for maintaining strong GDP growth despite global tax policy changes.
Li Fan affirmed that Warburg Pincus will continue to serve as a bridge for investment and trade between Vietnam and the United States, supporting the strong development of bilateral relations.
