What is the infrastructure level of Vietnam?

Vietnam’s Infrastructure: Progress and Challenges

Vietnam has made significant strides in developing its infrastructure over the past decade. However, the country still faces some lingering challenges, particularly in certain specific sectors.

Global Assessments

According to recent global assessments, Vietnam’s overall infrastructure ranks in the mid-range. However, the quality of the road network has been identified as a specific area of concern. The World Economic Forum’s Global Competitiveness Report 2022-2023 placed Vietnam’s road infrastructure at 78th out of 141 countries.

Government Investments and Ongoing Projects

The Vietnamese government has recognized the importance of infrastructure development and has invested heavily in this sector. Major projects are underway to improve the road network, expand energy capacity, and enhance connectivity. This includes:

• The North-South Expressway, a major highway connecting Hanoi and Ho Chi Minh City
• The Long Thanh International Airport, a new airport serving Ho Chi Minh City
• The Nghi Son 2 Thermal Power Plant, increasing Vietnam’s energy generation capacity

Challenges

Despite the progress made, Vietnam’s infrastructure still faces some challenges. These include:

• Congestion: Traffic congestion is a major issue in urban areas, hindering mobility and economic productivity.
• Maintenance: Proper maintenance is essential to ensure the longevity of infrastructure, but funding for this purpose can sometimes be insufficient.
• Sustainability: Some infrastructure projects have been criticized for their environmental impact, highlighting the need for a more sustainable approach to development.

Outlook

Vietnam remains committed to improving its infrastructure. The government’s ongoing investments and ambitious projects are expected to address the challenges and further bolster the country’s competitiveness. By focusing on sustainability, prioritizing maintenance, and addressing congestion, Vietnam can continue to develop its infrastructure and support economic growth.