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BT or Not BT: Vietnam’s Infrastructure Development Dilemma
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BT or Not BT: Vietnam’s Infrastructure Development Dilemma
On 29 April 2026, Ho Chi Minh City broke ground on a new administrative complex in the Thu Thiem urban area, to be built by Sun Group under a Build-Transfer (BT) contract. The project carries a price tag of approximately VND29,600 billion (US$1.2 billion), with a 26-storey tower as its centrepiece, designed to house up to 8,000 civil servants when completed in 2028. It is one of four major BT and Public-Private Partnership (PPP) projects simulta…
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