New topic page: “Infrastructure”
Investment in public infrastructure has been one of the key driving forces for Vietnam’s economic development over recent decades. Infrastructure accounted for 53% of total Official Development Assistance (ODA) received between 2010-2017. Vietnam has heavily invested in transportation, particularly roads, airports, and seaports. Vietnam’s public and private investment in infrastructure reached 5.7% of GDP in recent years, the highest in Southeast Asia and second highest in Asia after only China (6.8% of GDP). On the one hand, boosting infrastructure development satisfies requirements for investment projects; on the other hand, it will help create higher economic growth and more employment. In addition, rapid urbanization in Vietnam is a strong driver for developing the transport and utilities sector. With 50% of the population estimated to now live in major cities, the rising population has already exceeded the capacity of the existing connectivity networks and utility systems.
Read the full topic page here.