The Ho Chi Minh City Beltway 4 is a significant project that contributes to the socio-economic development of the provinces in the Southeast region and the key economic zone in the South.
This project aims to improve inter-regional connectivity, facilitate the flow of goods, and reduce logistics costs.
The road is approximately 207 kilometers long, with a total investment estimate of 130,000 billion VND. It is the largest road infrastructure project in the Southeast region to date.
On August 26, the Minister of Planning and Investment, Nguyen Chi Dung, requested the Ho Chi Minh City People’s Committee to take the lead in coordinating with the localities to finalize the pre-feasibility study report for the Ho Chi Minh City Beltway 4 project.
The project will be submitted to the competent authorities for appraisal and then presented to the National Assembly for investment decision-making during its October 2024 session. The investment policy will determine the component projects within Ho Chi Minh City and the provinces of Ba Ria-Vung Tau, Dong Nai, Binh Duong, and Long An, with the localities being assigned to organize the implementation (similar to the Ho Chi Minh City Beltway 3).
The Ho Chi Minh City Beltway 4 project will be presented to the National Assembly for investment decision-making during its October 2024 session. Illustrative image.
To meet the urgent deadline, the Ho Chi Minh City People’s Committee requested the chairpersons of the provincial People’s Committees to direct their departments to highly concentrate and promptly coordinate with Ho Chi Minh City to finalize the project dossier and submit it to the Ministry of Planning and Investment before September 10. The focal point for coordination is the Ho Chi Minh City Department of Transport, which is in charge of consulting on the preparation of the pre-feasibility study report.
The Ho Chi Minh City area is planned to be encircled by three beltways
, helping to reduce congestion in the city center and connect the key economic zone in the South. These beltways are numbered as Beltways 2, 3, and 4, respectively.
Beltway 2, with a length of 64 kilometers, currently remains incomplete due to various reasons, including the stagnation of certain component projects.
Beltway 3 passes through Ho Chi Minh City and the provinces of Binh Duong, Dong Nai, and Long An, spanning more than 76 kilometers. This project commenced in June 2023, aiming to open the expressway by the end of 2025 and complete the entire project by 2026.
Beltways 2-3-4 connect the key economic zone in the South. Illustrative image.
A new Nhon Trach Bridge will be constructed along Beltway 3. With the news of the bridge’s schedule being expedited by four months, the investor met with the Ho Chi Minh City Department of Transport and the Ministry of Transport to prioritize building a bridge branch at the intersection of the Ho Chi Minh City-Long Thanh-Dau Giay Expressway, ensuring connectivity with the Nhon Trach Bridge by April 30, 2025.
The next section of this package, heading towards Thu Duc City, will also be completed soon, ensuring seamless connectivity along the Beltway 3 section intersecting with the expressway.
By 2050, the Southeast Region will become a developed area with high income
In 2023, the socio-economic development results of the Southeast region showed many indicators higher than the national average. The regional GRDP growth rate was estimated at 5.06%, slightly higher than the country’s 5.05%.
The region’s GRDP scale contributed the largest proportion to the country’s GDP
(30.2%), with a per capita GRDP of VND 166 million, state budget revenue of VND 675 trillion, and foreign investment attraction with 4 out of 6 localities in the region among the country’s leading groups.
In 2023, the Southeast region’s GRDP scale contributed the largest proportion to the country’s GDP.
The economic structure of GRDP in the region shifted positively, with a decrease in the proportion of agriculture and an increase in the proportion of industry and services.
The localities in the region have planned to restructure the industry towards higher technology and added value, aiming for breakthroughs in productivity, quality, efficiency, and competitiveness.
According to the Southeast Region Planning, with a vision towards 2050, the region is envisioned to become a developed area with high income, strong economic potential, and a modern economic structure. It will be a center for science, technology, and innovation, high-tech industries, logistics, and international finance, ranking among the top in the region and the world. The region will also boast modern and synchronous infrastructure.
Ho Chi Minh City is the nucleus and growth driver of the Southeast region.
Simultaneously, there will be a harmonious balance between economic development and cultural and social aspects, environmental protection, and response to climate change. The region will offer a high quality of life, with healthcare and education standards among the leading groups in Southeast Asia. The ecological environment will be protected, and green and low-carbon economic development will be effectively implemented. The region’s cultural values and identities will be preserved and promoted.
National defense, security, and social order will be firmly ensured, and international integration will be deepened. Ho Chi Minh City will serve as the nucleus and growth driver of the region, an economic, financial, and service center of Asia, and a hub for international financial institutions and large economic groups. The city will develop on par with major global cities and become a globally attractive destination.
The growth rate of GRDP in the period of 2031 – 2050 is expected to reach approximately 7.5%/year,
with a per capita GRDP of about 54,000 USD by 2050.
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