Vietnam Accelerates Key Infrastructure Projects During Holiday for APEC 2027 Readiness

Across Vietnam, "mega construction sites" crucial for the nation's future continue to hum with the sound of machinery day and night during the National Day holiday. Thousands of engineers and workers are setting aside their longing for home, determined to meet project deadlines and ensure the smooth completion of large-scale national projects. Specifically, at Phu Quoc island, the host of the 2027 APEC Summit, the development of power infrastructure is being accelerated. The completion of three key power facilities is set to ensure readiness for APEC 2027, guaranteeing a stable electricity supply during the summit and serving as a critical element for its success. Phu Quoc is speeding up construction for APEC 2027, with many projects currently underway. Models for resource protection and food safety are being introduced, reflecting a commitment to sustainable development. These efforts are part of Vietnam's strategy to successfully host international events and further boost economic growth. Under its one-party system, Vietnam has prioritized large-scale, state-led infrastructure development as a driver of economic growth. Investments in transportation and energy infrastructure, in particular, are foundational for attracting foreign investment and supporting the manufacturing sector. Amidst increasingly complex relations with China, Vietnam aims for economic independence and enhanced international standing, with infrastructure investment serving as a key tool for this objective.