PM proposes four priorities, four directions for ASEAN infrastructure development

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Prime Minister Le Minh Hung was speaking at the ASEAN Business and Investment Summit (ABIS) 2026 on November 14 shortly after his arrival in Manila, the Phil...

Prime Minister Le Minh Hung has proposed four strategic connectivity priorities and four action-oriented directions to advance regional infrastructure development, calling for a shift from commitments to concrete projects and paving the way for a modern and sustainable ASEAN economy by 2040.

The Vietnamese Government leader was speaking at the ASEAN Business and Investment Summit (ABIS) 2026 on November 14 shortly after his arrival in Manila, the Philippines to attend the 49th ASEAN Summit and related high-level meetings from November 14 to 17 at the invitation of Philippine President Ferdinand Romualdez Marcos Jr., who serves as ASEAN Chair for 2026.

Under the theme, “ASEAN: Creating Our Shared Future in the Age of Intelligence,” ABIS 2026 focuses on key issues including economic integration, trade and investment, energy and food security, infrastructure development, digital transformation, artificial intelligence, and inclusive growth.

According to the Vietnam Chamber of Commerce and Industry (VCCI), the event has brought together more than 2,000 delegates, around 10 world leaders, and over 40 global experts.

Speaking at a discussion session on building infrastructure for the future ASEAN economy toward 2040, PM Hung stressed the need to create a seamlessly connected, synchronized, modern, smart, and sustainable regional connectivity space. Such a framework, he said, would enhance competitiveness, foster innovation, and unlock new drivers of growth.

With ASEAN's population approaching 700 million and the region's GDP exceeding $4.2 trillion in 2025, infrastructure demand continues to rise. According to estimates by the Asian Development Bank (ADB), ASEAN requires around $210 billion in infrastructure investment annually.

The PM noted that ASEAN's challenge is not merely to mobilize more capital or build more infrastructure projects, but to set the right priorities, make efficient use of resources, and successfully implement regional infrastructure initiatives.

According…

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