Benchmark
In Asia’s Infrastructure Race, Vietnam Is Among the Leaders
Vietnam is spending billions to attract foreign investors
Construction continues on a bridge in Ho Chi Minh City.
Photographer: Linh Luong Thai/BloombergThis article is for subscribers only.
It may be one of the smallest economies in Asia, but Vietnam is among those leading the infrastructure race.
Vietnam's public and private sector infrastructure investment averaged 5.7 percent of gross domestic product in recent years, the highest in Southeast Asia and compares with 6.8 percent in China, according to the Asian Development Bank. Indonesia and the Philippines spend less than 3 percent, while Malaysia and Thailand spend even less at under 2 percent.