Thanks to the national government’s investment in infrastructure in the Mekong Delta, localities in the region have achieved outstanding results in economic development over the past few years, returning to the growth trajectory seen before the COVID-19 pandemic.

In 2021-25, the economy of the Mekong Delta and the country as a whole were heavily impacted by the COVID-19 pandemic and global conflicts.

2024 was considered a pivotal year for the provinces to complete their development targets for the period.

Outstanding budget revenue

In late 2023, the 23-kilometer My Thuan-Can Tho Expressway was opened to traffic, connecting to Ho Chi Minh City-Trung Luong and Trung Luong-My Thuan expressways.

The 120 kilometers of expressways have shortened the travel time from Ho Chi Minh City to the Mekong Delta by two hours. 

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The post Infrastructure development boosts economy in Vietnam’s Mekong Delta first appeared on Open Development Mekong.

Prime Minister Nguyen Xuan Phuc said the government would mobilize all efforts for the implementation of major transport projects in 2020.

These include the Eastern North-South expressway, Long Thanh International Airport, expansion of Tan Son Nhat International Airport, and feasibility study of North-South express railway project, Phuc said at the opening session of the National Assembly’s 8th plenary meeting on October 21.

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Prime Minister Nguyễn Xuân Phúc said Việt Nam expected Japan to become its top investor, with more high-tech investments in areas such as green growth, infrastructure development, high-quality agriculture and services as well as privatisation of State-owned enterprises. Phúc was speaking at a business forum co-hosted by his counterpart Shinzo Abe and attended by big firms from both sides on January 17 during Abe’s two-day visit to Việt Nam. “Việt Nam expects Japan to become its top foreign investor,” Phúc said. Japan currently ranks second, after Korea, out of 142 countries and territories with investments in Việt Nam. So far, Japan has poured around US$42 billion into the Southeast Asian country, which is striving to improve its investment climate and expand exports. Japan is also the leading official development assistance donor and the fourth largest trade partner of Việt Nam.

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The central province of Quảng Nam should become a rapid, sustainable and comprehensive development model, Prime Minister Nguyễn Xuân Phúc told the province’s leaders in a meeting on September 28 in Hà Nội. The PM asked the province to work with neighbouring Đà Nẵng City and Quảng Ngãi Province to create an economic hub in the central region. PM Phúc praised the province’s achievements in development, security and defence, and external relations. Good performance has been seen in several key sectors, including mechanics and infrastructure development, and tourism, he said. Currently a province with 75 per cent of its budget coming from the national budget, Quảng Nam is expected to contribute to the national budget from 2017.

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The post ’Quảng Nam should model sustainable development’ first appeared on Open Development Mekong.