Great Opportunities for Western Companies in Vietnam’s Megaprojects
14. August 2025Vietnam is pushing ahead with its ambitious infrastructure and technology initiatives at high speed. For foreign, particularly Western industrial companies, this creates exceptional business opportunities. For the import of products into Vietnam, it must be noted that for many products a CR certification is generally required in order for them to be imported, distributed, or used in the country.
Three projects stand out in particular:
1. Offshore Tenders in the Oil & Gas Sector
State-owned PetroVietnam has launched the Vietnam Bid Round 2025 (VBR 2025) for several offshore exploration blocks. These include, among others, Block 17 in the Cuu Long Basin and Blocks 10/11 in the Nam Con Son Basin. The tenders open attractive opportunities for international oil and gas corporations to enter Vietnam’s rapidly growing energy market.
2. North–South High-Speed Railway
Planned to run about 1,500 kilometers, the Hanoi–Ho Chi Minh City high-speed line is designed for trains reaching up to 350 km/h. The investment volume is estimated at around USD 67 billion. The government explicitly promotes private-sector participation, and initial proposals from local corporations have already been submitted. For foreign providers in engineering, rail technology, construction, and signaling systems, this represents significant business potential.
3. Energy Master Plan: Renewables & Nuclear Power
Vietnam plans to invest over USD 136 billion to increase its power generation capacity from the current 80 GW to up to 236 GW by 2030. Alongside a massive expansion of solar, onshore, and offshore wind energy, nuclear power is also set to return, with the first plants expected from 2030. International partners from various industrialized nations are already being engaged. Western companies can find opportunities in power plant technology, project planning, renewable energy, and regulatory consulting.
Conclusion
Vietnam is decisively steering toward sustainable modernization—with multibillion-dollar investments in energy, transport, and technology. For Western companies, this opens a wide range of opportunities to establish themselves in a fast-growing market.
However, despite the existing free trade agreement that reduces or eliminates many tariffs, one condition remains: many products still require national certification before being marketed in Vietnam. Successful market participation therefore means not only recognizing opportunities but also strategically and proactively overcoming regulatory hurdles.
Feel free to contact us any time if you need assistance or have any questions regarding the Vietnamese CR Certification.
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Email: info@vietnam-certification.com
