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Pacific Construction Group (CPCG), a private Chinese enterprise ranked 47th among China’s largest companies in 2024, is seeking investment opportunities in Vietnam, focusing on infrastructure, urban development, logistics, industrial zones and sustainable development.
On June 15, 2026, the Hung Yen Department of Construction and Pacific Construction Group, China, held a signing ceremony for a Memorandum of Cooperation to enhance information exchange and study investment opportunities in infrastructure and urban development.
Under the MoU, the two sides will study potential advantages and investment opportunities in Hung Yen, including transport infrastructure, urban development, logistics, industrial zones and sustainable development. Hung Yen leadership said the province is prioritizing investment in modern, synchronized infrastructure and developing urban and industrial zones and logistics centers. The province also tasked the Department of Construction with coordinating with relevant agencies to support CPCG in researching and establishing a provincial representative office.
On June 15, 2026, FLC’s leadership met with the CPCG delegation. FLC said Vietnam is a high-potential market for international capital, and CPCG intends to expand its investment in Vietnam with a target of about 100 billion yuan in 2026, equivalent to roughly 14.8 billion USD, or around 389,000 billion dong at current exchange rates.
The two sides also discussed potential infrastructure projects in Gia Lai. CPCG said it could connect with capital providers, financial institutions and investment funds from China to participate in FLC projects.
Prior to the Hung Yen and FLC discussions, CPCG signed a memorandum of understanding with the Ho Chi Minh City Department of Construction on developing urban infrastructure, transportation and construction.
In Ho Chi Minh City, the group proposed a model to implement projects using its own resources, including personnel, financing and equipment. The proposal emphasizes “three no’s”: no splitting of packages, no transfer of packages, and no misrepresentation of packages. CPCG also proposed an integrated approach that could allow it to act simultaneously as investor, contractor and post-completion operator.
On financing, the group said it is ready to study financing options for project implementation if the city faces difficulties, with repayment on a staged basis.
In addition to Ho Chi Minh City, Hung Yen and FLC, CPCG has proposed studying investments in Ninh Binh with a total disbursed amount of 3–5 billion USD over the next 3–5 years. The focus areas include strategic transportation infrastructure, logistics ports, modern industrial parks, smart urban areas and eco-city models.
In Hue, CPCG’s leaders held talks to discuss FEPC model investments, covering finance, design, procurement and construction.
Pacific Construction Group is one of China’s largest private enterprises and has appeared in the Fortune Global 500 rankings. In 2024, it ranked 161st on the Fortune Global 500 and 47th among China’s largest enterprises. The group describes itself as “China’s largest urban operator,” active in investment, construction, management and operation of infrastructure.
CPCG says it has participated in infrastructure projects in over 1,000 cities and 3,000 industrial parks/technology zones in China.
In Vietnam, CPCG has participated in several major infrastructure projects. Last year, the group, together with a subsidiary of Vingroup, participated in the bid for the Tứ Liên bridge project in Hanoi.
