Infrastructure development plays a key role in economic growth

A synchronously and modernly developed infrastructure system will promote economic growth, improve productivity and efficiency of the economy, and contribute to solving social problems. In contrast, an underdeveloped infrastructure system is a major obstacle to development. In many developing countries today, the lack of and weak infrastructure has caused stagnation in the flow of resources, difficulty in absorption and investment capital, causing "infrastructure bottlenecks" that directly affect to economic growth.

In fact, in the world today, developed countries are also countries with synchronous and modern developed infrastructure systems. Meanwhile, most developing countries have underdeveloped infrastructure systems. Therefore, investment in infrastructure development is a priority of many developing countries, including Vietnam and some GMS members. In Vietnam with the concept of “Infrastructure is one step ahead”, over the years the Government has spent a high level of investment on infrastructure development. About 9 - 10% of annual GDP has been invested in the transport, energy, telecommunications, and water sectors