At the beginning of 2026, a massive investment agreement caused waves in the field of infrastructure cooperation between China and Vietnam. On January 13, 2026, China Pacific Construction Group signed a memorandum of understanding on strategic cooperation with the People's Committee of Gia Long Province in Vietnam, announcing that it will invest no less than 5 billion US dollars in the province over the next five years for the development of rail transit, smart transportation, and comprehensive urban development. This grand plan, which began a few days ago when the founder of the group met with the Vietnamese Prime Minister, is rapidly transforming into concrete actions to promote regional connectivity and urban modernization.

Five years, five billion US dollars investment

According to the memorandum, the core commitment of Pacific Construction Group is to invest no less than 5 billion US dollars in Jin'ou Province over the next five years. To ensure the long-term stable implementation of the project, the group promises to establish a subsidiary with independent legal personality locally. This investment will focus on supporting a series of key transportation infrastructure projects, with the most notable being the railway project connecting Ho Chi Minh City, Can Tho City, and Jin Ou Province. The implementation of the project will comprehensively adopt EPC (Engineering, Procurement, and Construction) and PPP (Government Private Partnership) models, covering the entire chain of planning, construction, financing, operation, and maintenance.

Focusing on Smart Transportation and TOD

The core content of this cooperation focuses on the planning and development of urban rail transit network in Jin'ou Province, the construction of intelligent transportation system, and the development mode of public transportation oriented development. In the field of smart transportation, both parties will jointly research the application of clean energy transportation vehicles, establish a centralized traffic management center, introduce integrated electronic ticketing systems and contactless payment methods, and develop supporting technological infrastructure such as intelligent parking systems. A major highlight of the cooperation is the introduction of TOD development mode, aimed at creating high-density, mixed function urban spaces through efficient integration and development of rail transit stations and surrounding land, promoting the integrated development of stations and cities, and optimizing urban structure. Keywords: International News and Information, International News Network

Deepen the foundation of the Vietnamese market

This huge investment in Jin'ou Province is a crucial step for Pacific Construction Group to deepen its strategic layout in the Vietnamese market. As a leading private construction enterprise in China that has been listed in the Fortune Global 500 for several consecutive years, the group has continued to deepen its presence in the Vietnamese market in recent years, especially accumulating important experience in the field of rail transit, such as the ongoing Hanoi Metro Line 5 project. Just a few days before the signing of the memorandum of understanding for Jin'ou Province, on January 9, 2026, the founder of the group paid a visit to the Vietnamese Prime Minister, and the two sides held talks on major infrastructure cooperation such as the subway project from Ho Chi Minh City's Johor Bahru International Airport to Long Thanh International Airport. The Jin'ou Province project will not only significantly promote local economic and social development, but also further consolidate the important position of Pacific Construction Group in the infrastructure market in Vietnam and Southeast Asia, demonstrating the broad prospects for deepening cooperation between China and Vietnam in the field of high-quality infrastructure connectivity. (This article is from the official website of Jian Dao www.seetao.com. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website international column editor/Gao Xue