Vietnamese military carries out extensive preparatory drills for the celebration of National Day
Vietnam Inaugurates 250 Major Projects to Boost Economy
The Vietnamese government has kicked off the construction of 250 advanced projects nationwide, marking a significant milestone in the country's economic development. The inauguration ceremony, held on August 19, 2022, was attended by Prime Minister Pham Minh Chinh and aimed to celebrate the 80th anniversary of Vietnam's National Day.
The total investment for these projects amounts to 1.28 million VND, with the projects covering 34 provinces and cities. These major projects are expected to make substantial contributions to the country’s GDP, with projections suggesting they could contribute over 18% of national GDP in 2025.
The projects, which are state-funded, are intended to guide private investment and provide strategic infrastructure frameworks to attract further investment. Among the projects, the National Data Centre was inaugurated in Hanoi on August 18, with Prime Minister Pham Minh Chinh in attendance.
The 250 major projects are anticipated to have a significant impact on the economy in the coming years, with projections indicating they could contribute more than 20% of national GDP in the following years. The projects, once completed, are expected to have a ripple effect, stimulating economic growth and creating employment opportunities.
These projects, which span various sectors, are expected to have a transformative impact on the nation's economy. The government's commitment to these projects underscores its dedication to driving economic growth and modernising the nation's infrastructure. The inauguration of these projects on August 19 marks a new chapter in Vietnam's economic development, and the nation eagerly awaits the benefits these projects will bring.
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