Luong Dinh Cua Road in Thu Duc City has been partially opened to traffic from the Nguyen Hoang intersection to Tran Nao roundabout.
According to Mr. Vo Tri Dung, Head of the Thu Duc City Compensation and Clearance Board, the An Phu intersection area has been cleared, but approximately 22,000 square meters of land along Luong Dinh Cua Road are yet to be handed over. The responsibility for land acquisition and compensation lies with a company that has not fulfilled its obligations thus far.
Ho Chi Minh City’s People’s Committee recently held a meeting with Thu Duc City officials and conducted a field survey to address this issue. Mr. Dung mentioned that Thu Duc City has repeatedly reported and petitioned higher authorities due to the matter’s complexity. Evicting 64 households near the An Phu intersection could incur compensation costs of up to VND 1,050 billion. The remaining areas towards the Tran Nao intersection are currently being constructed.
Responding to a question about the possibility of utilizing funds from less urgent projects to resolve the land clearance issue on Luong Dinh Cua Road, Mr. Dung explained that it is challenging due to investment and bidding regulations. Additional funding requires the approval of Ho Chi Minh City’s People’s Committee and People’s Council. The city has tasked the Department of Finance and the Department of Natural Resources and Environment with providing solutions, and further directions are expected to be issued next week.
The 2.3-kilometer Luong Dinh Cua Road upgrade and expansion project is intended to alleviate congestion in Ho Chi Minh City’s eastern gateway. However, prolonged delays have halted construction since late 2020, awaiting land handover. While some areas have been cleared, the 22,000-square-meter plot in the An Phu ward urban development area remains unresolved, stalling the project for almost a decade.
Traffic congestion at the intersection of Luong Dinh Cua Road and An Phu intersection.
Similar challenges are faced at the My Thuy intersection, located about 3 kilometers from An Phu. This project affects 195 households, 112 of which have handed over their land, accounting for 63% of the total. However, land acquisition in certain areas remains difficult due to previous allocations to companies that have not initiated the process.
Thu Duc City is actively working on land clearance, resettlement arrangements for affected households, and encouraging residents to hand over their land for the construction of bridge access roads and power poles. They aim to complete this process by the end of March.
The $5.7 Billion, 28-Kilometer Highway: Unlocking County-City Connectivity
The Cho Moi – Bac Kan Expressway in Bac Kan Province boasts a total investment of VND 5,750 billion and is slated to commence construction this March.
The City’s Aging Apartment Blocks Get a New Lease of Life: Over 500 Run-Down Residential Buildings in Ho Chi Minh City to be Revamped in the Next Decade
At a press conference on socio-economic issues held on March 6, a representative from the Ho Chi Minh City Department of Construction announced that, to address the issue of repairing and renovating old apartments in the area, authorities will enforce mandatory evictions for households who have not yet agreed to the project. These evictions are necessary to carry out the project, which aims to serve the greater good, ensure the safety of the community, and enhance the city’s urban landscape.
“The Ultimate Urban Living Experience: Discover the Convenience and Comfort of This Stunning Condo Development in Ho Chi Minh City”
This is one of the exemplary apartment projects that showcases the aggressive push to expedite social housing progress in Ho Chi Minh City, as highlighted by the Phu Cuong Group during the March 6 national online conference on addressing challenges and promoting social housing development.
“The First ‘City within a City’ in Vietnam Welcomes an Array of Projects Worth 85,000 Billion VND”
This locale has just been reported on.
“VISecurities Rebrands as OCBS, Announces Capital Increase to 1,200 Billion”
Vietnam International Securities Joint Stock Company (VISecurities) is gearing up for its upcoming 2025 Annual General Meeting of Shareholders, scheduled for March 14. The company has ambitious plans on the agenda, including a proposed name change and a move to relocate its headquarters from Hanoi to Ho Chi Minh City. VISecurities is also setting its sights on achieving record-high revenue and profit targets, aiming to make this fiscal year the most successful in the company’s 16-year history.
