(VOVWORLD) - To achieve a minimum GDP growth of 8% this year and double-digit growth in the following years, Vietnam is accelerating key infrastructure projects. Private businesses are joining efforts with the government and state enterprises to go ahead with these projects.
 The North-South high-speed railway is set to be completed by 2035. (Photo: VOV) |
This year the government is giving priority to strategic projects such as the expressway system, the high-speed railway, the digital transformation infrastructure, and connections between the expressway system and airports, seaports, nuclear power plants, and renewable energy facilities.
In the first month of this year, the Prime Minister visited and worked with non-state enterprises to develop cooperation mechanisms and foster their contribution to national projects. The PM’s unprecedented proposals have been well responded.
Tran Ba Duong, Chairman of the Truong Hai Group (Thaco), said, “In response to the Prime Minister's direction and guidance, we’ll take part in the urban railway project, producing train cars and steel components.”
“With a team of experienced engineers in product research and development, and international cooperation, we are committed to technology transfer and local production to reduce costs, affirming the involvement and responsibility of Vietnamese enterprises in ensuring quality and competitive pricing,” said Duong.
The Thaco Chairman promised to help small and medium-sized enterprises participate in the production chain and link up to deliver steel manufactured according to product standards.
 Tran Ba Duong, Chairman of the Truong Hai Group (Thaco) (Photo: VGP) |
The Hoa Phat Group, the largest steel producer in Southeast Asia and one of the world's top 50 steel producers, pledged to supply steel meeting international standards to the North-South high-speed railway project.
Tran Dinh Long, Chairman of steel giant Hoa Phat Group, said this is a major opportunity for companies. “Hoa Phat is prepared to invest 400 million USD in a railway track manufacturing facility to ensure the supply of steel for the Railway Corporation to carry out the project. Hoa Phat is committed to supplying 10 million tons of high-quality steel for railway infrastructure at prices lower than imported alternatives,” Long told VOV.
Vietnam's largest private conglomerate Vingroup is committed to creating a green production and distribution ecosystem, pioneering the green transformation, and combining industrial development and environmental protection.
BRG Group, one of Vietnam’s leading economic groups in finance, retail, services, and tourism, is committed to building a smart city in Hanoi, making it the first carbon-neutral city in the world.
The CMC Technology Group says building a digital transformation infrastructure is its most important task to help Vietnam become a digital nation by 2030. Nguyen Trung Chinh, Chairman of the Board of Directors and Executive Chairman of CMC Corporation, said that CMC has made two commitments.
“First, we’ll build a Make-in-Vietnam cloud computing platform called CMC Cloud. By 2028, we’ll build a leading regional cloud computing center with a capacity of 80 MW. The second commitment is to build a Vietnamese AI knowledge platform and master all world-leading core technologies,” said Chinh. With those two tasks, CMC hopes to contribute to the goal of making Vietnam a developed country by 2045 based on digital technology and AI technology.
The private business sector contributes about 60% of the national GDP, accounts for 98% of the total export turnover, and employs 85% of the workforce. To achieve Vietnam’s GDP growth target of at least 8% this year and double-digit growth in the following years, the non-state economic sector is gearing up for its 11% growth rate per year.