Infrastructure & PPPs in Vietnam - Q2 2026 Update

VIETNAM is accelerating infrastructure, transport, and energy development through a combination of public investment, private capital, and Public-Private Partnership (PPP) models. Transport sector remains a key focus and significant logistics investments, including the USD 5 Bn Can Gio international transshipment port and metro expansion plans, are further strengthening regional connectivity and urban growth. Vietnam is also accelerating its energy transition through renewable energy expansion, LNG infrastructure, and EV ecosystem development which highlight the country’s focus on sustainable infrastructure, energy security, and long-term industrial competitiveness.

Read the latest developments in Infrastructure and PPPs in Vietnam in our Q2 2026 insight.

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APRIL 2026

V-GREEN, VIKKI BANK TO SCALE EV CHARGING NETWORK IN VIETNAM

V-Green, backed by Vingroup, has signed a strategic cooperation agreement with Vikki Digital Bank to accelerate the deployment of electric vehicle (EV) charging and battery-swapping infrastructure across Vietnam. V-Green also plans to invest approximately VND 10 Trn (USD 380 Mn) to scale up its EV charging network nationwide.

Under the agreement, Vikki Bank will provide access to its network of locations for installing EV charging stations and battery-swapping facilities, particularly targeting electric two-wheelers. The bank will also support V-Green’s expansion through financial services, including investment and operational financing, strengthening the company’s capital base for scaling infrastructure.

The partnership is aligned with the growth of VinFast, Vingroup’s electric vehicle subsidiary, by enhancing charging accessibility—one of the key barriers to EV adoption. It also enables Vikki Bank to integrate charging services into its ecosystem, potentially increasing customer traffic at its branches.

V-Green currently operates approximately 150,000 charging points across 34 provinces and cities and plans to add 99 high-capacity charging hubs nationwide this year. Each hub will feature up to 100 fast chargers rated at 150 kW, capable of recharging vehicles in around 15 minutes. Over the next three years, the company aims to expand its network to 500,000 charging points, alongside scaling battery-swapping solutions for motorbikes.

HUE TO OPEN CENTRAL VIETNAM’S LONGEST SEA-CROSSING BRIDGE

The government of Hue is set to open the Thuan An sea-crossing bridge, the longest of its kind in central Vietnam, aimed at improving connectivity across key economic zones. The project comprises a 2.36 km bridge along with a 5.3 km connected road network and supporting infrastructure. Built at a cost of approximately VND 2.4 Trn (USD 96 Mn) for its first phase.

The four-lane, 20-metre-wide bridge will enhance regional connectivity by linking Hue with neighbouring provinces and strengthening access to major corridors, including the East–West Economic Corridor connecting Thailand, Cambodia, Laos, and Vietnam.

Authorities expect the project to support the development of a 1,500-hectare coastal urban area while boosting economic activity in the Thuan An township and the Chan May–Lang Co Economic Zone. Key sectors expected to benefit include tourism, port operations, and industrial development.

ADB LAUNCHES USD 25 MN FUND TO ADVANCE ASEAN POWER GRID

The Asian Development Bank (ADB) has unveiled a new multi-partner fund with an initial commitment of USD 25 Mn to support the development of the ASEAN Power Grid. The ASEAN Power Grid seeks to connect national electricity networks, allowing countries to share power resources more efficiently, improve energy security, and support the transition to renewable energy. Projects such as the Lao PDR–Thailand–Malaysia–Singapore Power Integration Project have already demonstrated the feasibility of multilateral electricity trade in the region.

ADB’s funding will focus on early-stage project development, feasibility studies, and risk mitigation mechanisms, helping to unlock financing for complex cross-border infrastructure.

VINGROUP LAUNCHES HANOI-QUANG NINH HSR PROJECT

Vingroup has launched the Hanoi-Quang Ninh high-speed railway (HSR) project, a 120.2 km electrified line designed for speeds of up to 350 km/hr in Vietnam. The project, developed by VinSpeed, will connect Hanoi, Bac Ninh, Hai Phong, and Quang Ninh, significantly improving regional connectivity. With an investment of over VND 147 Trn (USD 5.6 Bn), the line will reduce travel time between Hanoi and Quang Ninh from over two hours to approximately 23 minutes. The route will include five stations, starting at Co Loa Station in Hanoi and terminating at Ha Long Station, along with intermediate stops and a depot at the terminal.

Siemens Mobility will supply high-speed trains and key systems, alongside a technology transfer program to VinSpeed. The project is expected to be completed and operational by 2028, positioning it as Vietnam’s first inter-regional high-speed railway and a major step in modernizing national transport infrastructure.

 

GIA LAI EMERGES AS RENEWABLE ENERGY HUB WITH USD 430 MN WIND AND SOLAR INVESTMENTS IN VIETNAM

Gia Lai Province in Vietnam is emerging as a key renewable energy hub, as nine new wind and solar projects have recently secured strong investor interest. These projects represent a total planned investment of around VND 11.35 Trn (USD 430 Mn), highlighting the region’s growing importance in the country’s clean energy transition. Construction is expected to begin as early in Q3 2026, with project developers targeting commercial operations by Q4 2026. This relatively fast timeline reflects both investor confidence and the urgency of expanding renewable energy capacity in the country.

A major share of these developments will be led by a consortium that includes EMI Investment JSC, Nhon Hoa 1 Wind Electricity JSC, and Nhon Hoa 2 Energy JSC. The group has been selected to implement five of the nine projects, accounting for investments exceeding USD 250 Mn. Their portfolio includes:

1.       Three solar plants—Nhon Hoa 1, Nhon Hoa 1A, and Nhon Hoa 2

2.       Two wind power projects, Nhon Hoa 3 and Nhon Hoa 4

These facilities will be developed across large land areas in Ia Le and Chu Puh communes and are expected to deliver substantial generation capacity.

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HO CHI MINH CITY APPROVES CONSORTIUM FOR USD 5 BN PORT

Ho Chi Minh City has officially approved a strategic investor consortium to develop the Can Gio international transshipment port, marking a significant milestone for a mega project with a total investment of nearly VND 128.8 Trn (USD 5 Bn).

The selected consortium comprises Vietnam Maritime Corporation, Saigon Port Joint Stock Company, and Terminal Investment Limited Holding S.A. The latter is a member of MSC, the world’s largest shipping line, and will contribute 49% of the project’s capital.

The participation of this global shipping powerhouse is expected to provide both substantial financial resources and access to an extensive cargo network, strengthening the port’s position as a future international gateway, the project will span around 571 hectares, with a main berth system stretching approximately 7.5 kilometres.

Under the development roadmap, by 2030 the port is expected to feature between two and four berths with a combined length of more than 2 kilometres, capable of handling up to 4.8 million TEU annually. Looking further ahead to 2047, the mega port is projected to reach a maximum design capacity of 16.9 million TEU, supported by a system of 13 modern terminals capable of accommodating ultra-large container vessels of 250,000 tons or more.

 

SUN GROUP PROPOSES USD 1.1 BN ADMINISTRATIVE HUB PROJECT IN HO CHI MINH CITY

A unit of Vietnam's leading real estate developer Sun Group has proposed a nearly VND 29.59 Trn (USD 1.12 Bn) investment to develop a new administrative center and central square in Ho Chi Minh City's Thu Thiem new urban area, marking one of the most ambitious urban governance projects in the metropolis.

In a submission to city authorities, Sun Sai Gon Investment and Development Limited Liability Company outlined plans to build the complex on a 46.7-hectare site in An Khanh ward in Thu Thiem new urban area. The project is proposed under a Public-Private Partnership (PPP) format using a build-transfer (BT) contract, with a blended payment mechanism combining land allocation and state budget funds.

Under the plan, the developer would receive more than 10.5 hectares of land in key functional zones of Thu Thiem, primarily commercial and mixed-use plots. The development will be divided into four component projects, including technical infrastructure and underground works, the administrative center, a theatre complex, and a large-scale public square integrated with parking systems.

 

MAY 2026

VIETNAM APPROVES USD 10 BN PRIVATELY FINANCED COMMUTER RAIL PROJECT

The Government of Vietnam has approved a proposal for a privately financed commuter rail line linking Da Nang with key economic and transport hubs in the country’s central region.

The proposed 103 km rail corridor will connect Da Nang with Hoi An, Tam Ky, the Chu Lai Economic Zone and Da Nang International Airport. The project is expected to be developed by Thaco Group and is estimated to require investment of approximately USD 10 Bn.

The line is intended to improve regional mobility, strengthen airport and industrial connectivity and support economic development across central Vietnam. The Chu Lai Economic Zone is one of the country’s major industrial and logistics hubs, while Da Nang continues to expand as a tourism, trade and technology centre.

 

EVNGENCO1 PLANS 270 MW FLOATING SOLAR EXPANSION IN VIETNAM’S LAM DONG PROVINCE

EVNGENCO1 is planning to expand its renewable energy portfolio with three new floating solar power projects in Lam Dong province, Vietnam. The projects are expected to require an investment of around VND 4.4 Trn (USD 167 Mn). Through this move, the company aims to strengthen the country’s clean energy supply while supporting Vietnam’s long-term carbon reduction and net-zero emission goals.

The proposed floating solar projects will have a combined generation capacity of nearly 270 MW. The development plan includes a 96 MW floating solar plant on the Dai Ninh reservoir, a 100 MW first-phase project on the Ham Thuan reservoir, and an additional 70 MW expansion project on the Da Mi reservoir. These projects will be developed on existing hydropower reservoirs, allowing the company to use water surfaces for electricity generation instead of acquiring additional land.

Floating solar technology is increasingly being adopted in several countries because it helps optimize unused reservoir space while also reducing water evaporation. For EVNGENCO1, the integration of solar energy with hydropower infrastructure is considered an efficient solution to improve renewable power generation capacity. By combining hydropower and solar generation, the company can provide a more stable electricity supply to the national grid.

 

TAI TAM EXPANDS RE PORTFOLIO WITH USD 70 MN WIND POWER PROJECT IN VIETNAM

Tai Tam Group JSC and Tai Tam Quang Tri Energy Investment One Member Co., Ltd. have been approved as investors for the Ia Blu 1 Wind Power Plant, Phase 2 project in Gia Lai province, Vietnam. The project represents an investment of approximately VND 1.85 Trn (USD 70.1 Mn) and supports the company’s strategy to expand its renewable energy portfolio.

The Ia Blu 1 Wind Power Plant – Phase 2 project will have an installed capacity of 42 MW and is expected to generate approximately 120 million kWh annually. The project will occupy around 24.7 hectares in Ia Le commune, with infrastructure including wind turbine foundations, crane pads, underground cable systems and internal access roads. Feasibility studies, power purchase agreement negotiations, land clearance and regulatory procedures will take place between Q2 and Q4 2026, with construction expected to begin in Q4 2026 and commercial operations targeted for Q1 2028.

 

CC1 CONSORTIUM PROPOSES USD 361 MN COASTAL ROAD IN LAM DONG PROVINCE

The Lam Dong Provincial People's Committee is considering a proposal to invest in a coastal road project connecting Phu Thuy and Tien Thanh wards using the Public-Private Partnership (PPP) – BT (Build-Transfer) contract method, with a total capital of approximately 9.49 Trn VND (USD 361 Mn). The project is expected to create momentum for the development of the marine economy and tourism and strengthen infrastructure connectivity in the eastern part of the province.

The project has a length of about 14.6 km. The starting point is at the roundabout of DT.706B in Phu Thuy ward, and the end point connects with the DT.719 route in Tien Thanh Commune. The road is designed to meet urban main artery standards with 6 lanes and an expected operating speed of 80 km/h. 

JUNE 2026

SK INNOVATION BREAKS GROUND ON USD 2.3 BN LNG POWER PROJECT IN VIETNAM

A consortium comprising SK Innovation, PetroVietnam Power (PV Power) and NASU has commenced construction of the Quynh Lap LNG project in Nghe An Province, Vietnam. The USD 2.3 Bn development includes a 1.5 GW liquefied natural gas (LNG) combined-cycle power plant and an LNG import terminal, with commercial operations targeted for Q4 2030.

Located approximately 220 km south of Hanoi, the project is intended to strengthen Vietnam’s power supply and support growing industrial and energy demand. The development forms part of SK Group’s proposed specialized energy-industry cluster model, which integrates power generation infrastructure with industrial facilities and emerging digital industries. In 2026, GE Vernova was selected to supply 9HA.02 gas turbines and H78 generators for the power plant.

The Quynh Lap project is expected to contribute to Vietnam’s expanding energy infrastructure while supporting industrial development in Nghe An Province. Once operational, the facility will enhance generation capacity and provide a foundation for future industrial and technology-related investments in the region.

NEXIF RATCH ADVANCES CONSTRUCTION OF 143 MW WIND PROJECT IN VIETNAM

Singapore-based Nexif Ratch Energy SE Asia has committed to begin construction of the VND 5.7 Trn (USD 216.5 Mn) Van Canh Binh Dinh Wind Power Plant in Gia Lai Province, Vietnam, in November Q4 2026, significantly ahead of its previously approved schedule of the Q1 of 2027. The project forms part of Vietnam’s broader renewable energy expansion under the revised Power Development Plan VIII.

The wind farm, located in Canh Lien Commune, have an installed capacity of 143 MW and is expected to generate approximately 391.8 million kWh of electricity annually. Nexin Ratch Energy, a joint venture between Singapore-based Nexif Energy (51%) and Thailand’s RATCH Group (49%), identified the project as one of its key investments in Vietnam. The company already operates hydropower assets in Lao Cai and Khanh Hoa provinces and is developing additional wind energy projects across the country.

The Van Canh Binh Dinh project is part of a larger renewable energy pipeline in Gia Lai Province, where nearly 3,000 MW of wind, solar and hydropower projects are scheduled to begin construction in 2026. Wind power represents the largest segment, accounting for approximately 2,150 MW across 24 planned projects.

HOPE FOUNDATION EXPANDS INFRASTRUCTURE SUPPORT ACROSS SOUTHERN VIETNAM

Hope Foundation has commenced construction of six rural bridges and inaugurated another completed bridge in southern Vietnam as part of its ongoing efforts to improve local transport connectivity and support community development. The projects are being implemented in Dong Thap and Tay Ninh provinces under the foundation’s The Road to School programme.

On June 2, 2026, construction began on Hope Bridge 457 in Phong Hoa Commune, with an estimated cost of over 300 Mn VND (USD 11,392). Dong Thap Province, replacing an aging and deteriorated structure that no longer met local transportation needs. Three additional bridges—Hope Bridges 453, 455 and 456—also broke ground on the same day in Phong Hoa and Tan Phu Trung communes. The projects are intended to improve mobility for residents, facilitate the transport of agricultural products and provide safer access to schools for students. Funding support has been provided by Roche Vietnam and lecturers and students from FPT Polytechnic College.

The foundation also inaugurated Hope Bridge 443 in Phu Tho Commune, Dong Thap Province. The new reinforced-concrete bridge replaces a severely damaged crossing that had posed safety risks and hindered local travel and agricultural transportation. Earlier, Hope Bridges 454 and 458 were launched in Tay Ninh Province with financial support of VND 240 Mn (USD 9,100) from FPT Corporation and the FPT for Community Fund.

VIETNAM PROPOSES USD 6.6 BN HO CHI MINH CITY–CAN THO RAILWAY PROJECT

The Government of Vietnam has proposed the development of a new electrified railway connecting Ho Chi Minh City and Can Tho, with an estimated investment of more than VND 171 Trn (USD 6.6 Bn).

The proposed railway would extend approximately 175.2 km from A Binh Station in Di An Ward, Ho Chi Minh City, to Can Tho Station in Hung Phu Ward, Can Tho City. The route would pass through Ho Chi Minh City, Tay Ninh Province, Dong Thap Province, Vinh Long Province and Can Tho City.

Under the first phase, a single-track railway would be constructed with a maximum operating speed of 160 km/hr for passenger services and 120 km/hr for freight trains. Although Vietnam’s long-term railway master plan envisions a double-track system, project planners believe a single track will be sufficient to meet expected demand through 2055. The railway will incorporate modern signaling, train control and electrification systems to support efficient operations.

PMU My Thuan has recommended financing the project entirely through public investment, arguing that international experience indicates public funding can be more effective than Public-Private Partnership (PPP) for large-scale railway projects. The investment policy is expected to be submitted to Vietnam’s National Assembly in Q3 2026. Subject to approval, detailed design and project preparation activities are scheduled for completion by the Q1 of 2028, with construction expected to begin in Q3 of 2028. The railway is targeted for completion by 2035.

VIETNAM'S TAN THANH SECURES APPROVAL FOR 70 MW SOLAR POWER PROJECT

Tan Thanh Solar Joint Stock Company has been approved as the investor for the Tay Hoa 3 solar power plant in Son Hoa commune, with a land area of ​​approximately 70 hectares and a designed capacity of 70 MW.

The Tay Hoa 3 solar power plant has a total project investment of VND 1.33 Trn (USD 50.57 Mn); of which, the enterprise's own capital is VND 266.4 Bn (USD 10.13 Mn), accounting for 20% of the total investment; and borrowed capital is VND 1.07 Trn (USD 40.44 Mn), accounting for 80% of the total investment.

The investment, construction, and commissioning of the project are required to be completed within 18 months from the date on which the competent authority issues the land lease decision, approves the change in land use purpose.

FOXCONN ADVANCES UP TO 1 GW OF RENEWABLE ENERGY DEVELOPMENT IN VIETNAM

Global electronics manufacturer Foxconn is set to accelerate the deployment of renewable energy infrastructure in Vietnam through a strategic collaboration with Brookfield, supporting the company’s growing demand for clean electricity across its manufacturing operations and supply chain.

The initiative aims to facilitate the development of up to 1 GW of renewable energy capacity, including solar, wind, and battery energy storage projects, underscoring the increasing role of corporate energy procurement in advancing clean energy deployment across Southeast Asia.

The partnership is expected to provide long-term access to renewable power for Foxconn’s facilities in Vietnam, where the company continues to expand its manufacturing footprint amid rising global demand for sustainable supply chains. The projects will be developed and financed by Brookfield through its renewable energy and energy transition investment platforms.

VIETNAM TARGETS UP TO 44 GW OF WIND POWER CAPACITY BY 2030

The Government of Vietnam is accelerating the development of its wind energy sector under the National Power Development Plan VIII (PDP8), targeting between 26 GW and 38 GW of onshore wind capacity and approximately 6 GW of offshore wind capacity by 2030. The expansion forms part of the country’s strategy to achieve net-zero emissions by 2050 while strengthening long-term energy security and attracting renewable energy investment.

Vietnam has an estimated 600 GW of offshore wind potential, much of it located in shallow coastal waters that are suitable for fixed-foundation wind turbine technology, offering lower development costs compared to floating offshore wind systems.

Vietnam currently has more than 5.5 GW of operational onshore and nearshore wind projects following rapid deployment under the Feed-in Tariff (FiT) programme introduced in 2018. While sector growth slowed amid regulatory uncertainty and delays in introducing new policy mechanisms, investor confidence is gradually improving as authorities begin issuing offshore wind survey permits and advancing regulatory frameworks. Industry participants continue to call for clearer licensing procedures, electricity pricing mechanisms and power purchase agreement structures to support future investments.

CHINA PACIFIC CONSTRUCTION GROUP EXPLORES HO CHI MINH CITY METRO EXPANSION

China Pacific Construction Group (CPCG) has signed a memorandum of understanding (MoU) with Ho Chi Minh City’s Department of Construction to explore participation in the city’s planned metro network expansion. Under the agreement, the parties will cooperate on infrastructure planning, technical standards development, technology transfer, personnel training and investment assessments to identify suitable urban rail projects.

The agreement comes as Ho Chi Minh City accelerates plans to expand its urban rail network from the existing Metro Line 1 to approximately 200 km of metro lines by 2030. The company is already involved in several major infrastructure projects in Vietnam, including the Tu Lien Bridge, Ngoc Hoi Bridge and Hanoi Metro Line 5 (Van Cao–Hoa Lac).

SUN GROUP, HAECO, JAPAN AIRLINES, TOYOTA TSUSHO LAUNCHES AIRCRAFT MRO COMPLEX JV IN VIETNAM

Hong Kong Aircraft Engineering Company Limited (HAECO), SUN GROUP CORPORATION (Sun Group), Toyota Tsusho Corporation and Japan Airlines Co., Ltd., have agreed to form a joint venture, to develop an aircraft maintenance, repair and overhaul (MRO) complex at Van Don International Airport in Quang Ninh Province, Vietnam, with a total investment of approximately USD 360 Mn.

Southeast Asia is one of the fastest-growing aviation markets in the world, and in Vietnam, the expansion of air travel demand is expected to drive demand for maintenance services at a pace exceeding fleet growth. Meanwhile, aircraft MRO capabilities are concentrated in a limited number of countries, including Singapore, Malaysia and Thailand.

The country's MRO market is projected to reach approximately USD 7.4 Bn by 2030. However, at present, domestic maintenance capacity has not kept pace with the growth in demand, making the expansion of maintenance capabilities an urgent priority. This project aims to address such structural supply-demand gaps, while enhancing aircraft maintenance capabilities in Vietnam and increasing technical self-reliance.

The facility will be capable of accommodating four wide-body aircraft and two narrow-body aircraft simultaneously and is expected to become one of the largest aircraft maintenance bases in Vietnam. Operations are scheduled to commence in 2028.

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List of Key Transactions - Q2 2026

Source: YOG INFRA analysis

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