PM Urges Qualcomm to Deepen Investment in Core Tech, Semiconductors
	Vietnam Launches 250 Projects Worth VND 1.28 Quadrillion on August 19

Groundbreaking and Inauguration of 250 Major Projects

In an interview with Nhan Dan newspaper, Dr. Nguyen Quoc Viet, a public policy expert at the University of Economics, Vietnam National University, Hanoi, emphasized that the Government’s decision to simultaneously inaugurate and commence a series of key projects on August 19, 2025, carries profound strategic significance.

The Government’s decision to simultaneously inaugurate and commence a series of key projects on August 19, 2025, carries profound strategic significance. (Illustrative photo: baodautu.vn)

According to Dr. Viet, the inauguration and groundbreaking of 250 large-scale projects is not only an activity to celebrate the 80th anniversary of National Day on September 2 but also a powerful declaration of Vietnam’s development orientation: a nation firmly committed to rapid and sustainable growth, built on the solid foundation of social stability and the mobilization of diverse resources.

This event is not merely a commemorative movement for the 80th National Day but also bears strategic importance for socio-economic development, affirming the Vietnamese nation’s determination to rise in the new era.

It also sends a strong message to the domestic and international business community about Vietnam’s commitment to accelerating the development of strategic infrastructure and improving the investment climate. This aims to generate momentum and strong confidence in the country’s ability to realize national development goals, thereby fostering national pride and social consensus.

A notable aspect is the investment capital structure, which reflects the policy of promoting public-private partnerships and Vietnam’s ability to attract international resources. State capital accounts for 37% of total investment, with 129 projects worth VND 478 trillion.

Meanwhile, capital from other sources, including private funds and foreign direct investment (FDI), represents a larger share of 63% of total investment, equivalent to VND 802 trillion for 121 projects. The predominance of non-state capital demonstrates Vietnam’s active mobilization of diverse resources to finance development projects, reducing the burden on the state budget.

Economically, allocating a substantial amount of state capital to key projects will directly boost public investment disbursement, serving as a real driver of economic growth in 2025 and beyond, while also playing a leading role in attracting private investment.

According to the Ministry of Construction, these 250 projects are expected to contribute more than 18% of the national GDP value in 2025 and over 20% in subsequent years. This impressive GDP contribution underscores the expectation that the projects will serve as a major engine of economic growth, not only in the short term but also in the long run.

This strategy aims to generate spillover effects, creating a positive investment cycle and driving the restructuring of the economy toward modernization. The Government’s strong political will has accelerated project approval and implementation, improving the pace of public investment disbursement, which has often been delayed in the past.

The projects will also significantly enhance connectivity among key economic regions, reduce transportation time and costs, thereby promoting trade, tourism, and the circulation of goods. At the same time, they are expected to attract high-tech FDI, leveraging foreign investors’ experience, technology, and advanced management capacity to improve growth quality, foster economic restructuring toward modernization, strengthen competitiveness in production, and ensure energy security.

The distribution of projects reflects the Government’s commitment to sustainable and inclusive development, aimed at improving people’s quality of life and ensuring social welfare. Highlights include the commencement of social housing projects, smart urban development, projects to enhance the quality of education, healthcare, cultural and sports services, as well as promoting Vietnam’s tourism image.

The groundbreaking and inauguration of 250 large-scale projects is thus not only a celebration of the 80th anniversary of National Day but also a powerful statement of Vietnam’s development direction: a nation resolutely committed to rapid and sustainable growth, built on the firm foundation of social stability and the mobilization of diverse resources.

This is a positive signal for investors and international partners about a dynamic Vietnam, determined and capable of realizing ambitious development goals, opening a new era for the country’s strong rise.

Momentum for Economic Growth

According to Director General of the General Statistics Office Nguyen Thi Huong, the simultaneous commencement and inauguration of nearly 250 projects carries not only great political and social significance but also represents an important boost to national economic growth. In the context of the Government setting a GDP growth target of 8.3-8.5% for 2025, public investment and key projects are among the critical drivers to achieve this goal. Accelerating the disbursement of investment capital will contribute to realizing the Government’s growth objectives.

The 2025 public investment capital plan is very large, amounting to more than VND 900 trillion, an increase of over 40% compared with the realized public investment in 2024. A sharp increase in public investment will in turn stimulate growth in related sectors such as construction, processing industries, building materials production, and transportation.

Calculations show that if 100% of this year’s public investment capital is disbursed, it will contribute more than two percentage points to GDP growth. As of the end of July 2025, the implementation of state budget capital was estimated at about 40.7% of the annual plan.

Thus, to achieve the goal of implementing and disbursing 100% of the 2025 public investment plan, over 59% must be completed in the remaining five months of the year, equivalent to nearly 12% of the annual plan on average per month.

This is a highly challenging task that requires decisive direction from ministries, sectors, and localities, as well as the strong determination of investors and contractors to accelerate progress while still ensuring quality and efficiency.

The impact of these projects is expected to be evident in many aspects. Specifically, once projects are launched, demand for input factors will increase. Sectors such as building materials production (cement, steel, sand, stone), machinery and equipment, and supporting services (transportation, consulting, design) will be boosted to meet input needs.

Growth in these sectors will directly contribute to the country’s GDP growth. At the same time, they will create numerous jobs in construction, engineering, services, and technology. Higher incomes will lead to stronger domestic consumption, further stimulating production and trade.

Completed transport, energy, industrial zone, and urban projects will help reduce logistics costs, speed up the circulation of goods and services, and support businesses in expanding production. Modern infrastructure is also a key factor in attracting high-quality foreign direct investment (FDI), promoting industrialization, technological innovation, and economic restructuring.

With such a large-scale investment capital spread across multiple sectors and localities, the 250 projects inaugurated and commenced to mark the 80th anniversary of National Day on September 2 will serve both as a short-term stimulus spearhead and as a foundation for long-term productivity and competitiveness of Vietnam’s economy.

If implemented effectively and disbursed on schedule, these projects will provide a strong springboard to ensure the completion of 100% of the 2025 public investment capital plan, making an important contribution to achieving GDP growth of over 8% in 2025.

Vietnam’s Economic Growth Driven By Good Recovery of Sectors: World Bank Vietnam’s economic growth in the first quarter of 2022 was consolidated thanks to the solid performance of export-oriented manufacturing and recovering service sector, according to ...

Seeking Solutions to Boost Agro-Forestry-Fishery Exports By Year-End In Vietnam Agro-forestry-fishery exports in Vietnam experienced positive growth, with many bright spots, in the first seven months of the year. Still, the final months are expected ...