The supply chains estimated at US$58 billion could be great potential for growth of Vietnam if being fully tapped. So the key issue would be whether Vietnamese SMEs could grasp this opportunity, said an expert.

The construction will cost an estimated VND5,903 billion (US$255 million), of which VND3,088 billion (US$133 million) will be sourced from the state.

In 2019, the Vietnamese government issued three decrees to cut 106 business conditions, taking the total number of business conditions removed and simplified to 3,451 out of 6,191.

Legal or regulatory obstacles with a low level of certainty and issues concerning grid access for private projects, are the most pressing to private investment.

Southeast Asian governments invest more as a share of total government expenditures than member countries of the OECD. Much of that spending goes for infrastructure.