
On June 18, the People’s Committee of Binh Duong province inaugurated the construction of the Binh Duong section of the Ho Chi Minh City Ring Road 4 and three other provincial roads: DT743, DT746, and DT747B.
The Ho Chi Minh City Ring Road 4 project in Binh Duong province spans 47.8 kilometers, featuring eight lanes of expressway designed for a speed of 100 km/h. The road is expected to be completed by 2027 and will pass through major industrial towns in Binh Duong, including Tan Uyen, Ben Cat, and Bac Tan Uyen.
The consortium of Becamex IDC Corporation (BCM), Becamex Infrastructure Development Joint Stock Company (Becamex IJC, IJC), and Deo Ca Group Joint Stock Company (HHV) won the bid for the public-private partnership (PPP) project to construct the Ho Chi Minh City Ring Road 4, phase 1, from Thu Bien Bridge to Saigon River.

Mr. Nguyen Van Hung, Chairman of the Board of Directors of Becamex IDC, introduces the Ring Road 4 project to the Deputy Prime Minister. (Photo: Binh Duong Newspaper)
At the ceremony, Mr. Vo Van Minh, Vice Secretary of the Provincial Party Committee and Chairman of the Provincial People’s Committee, stated that once completed, the Ring Road 4 will connect to Ho Chi Minh City’s Ring Road 3 and the Ho Chi Minh City-Thu Dau Mot-Chon Thanh expressway.
This road will play a crucial role in facilitating the transportation of goods, promoting socio-economic development, reducing traffic congestion, connecting provinces and cities, fostering the growth of satellite towns, and expanding new development spaces.
Additionally, the project will boost the development of industry, urban areas, trade, and services, while also ensuring national defense and security for the entire key economic region of the South, with Ho Chi Minh City as its nucleus. It contributes to achieving the goal of constructing 5,000 kilometers of expressway set by the Party and the Government for the 2021-2030 period.
This is the first component project of the Ho Chi Minh City Ring Road 4 that was approved by the National Assembly at its 9th session of the XV Legislature on June 12.
The Ho Chi Minh City Ring Road 4 is a significant national project stretching across Ho Chi Minh City and the provinces of Ba Ria-Vung Tau, Dong Nai, Long An, and Binh Duong, with a total length of approximately 207.6 kilometers. The investment scope covers about 159.31 kilometers, divided into ten component projects.
The starting point of the project is at Toc Tien – Chau Pha intersection (the junction with Bien Hoa – Vung Tau expressway and Provincial Road DT.992), and the endpoint connects with the North-South axis road in Hiep Phuoc port area, Nha Be district, Ho Chi Minh City.
Approximately 1,420.70 hectares of land will be required for the project, including 1,415.49 hectares for site clearance. This comprises 455.71 hectares of rice land, 245.16 hectares of other agricultural land, 152.21 hectares of residential land, 511.33 hectares of land with perennial plants, and 5.90 hectares of land for production and business activities outside the agricultural sector.
The total investment for the project is VND 120,400 billion, with the investors contributing about VND 50,600 billion and the remaining funds coming from the central and local budgets. The construction is expected to commence in 2025 and be completed and operational by 2029. The component projects will be implemented through public-private partnerships (PPP).
At the ceremony, the DT743, DT746, and DT747B roads, with a total investment of nearly VND 2,400 billion, were inaugurated. These roads are essential intra-provincial transport axes, contributing to the completion of Binh Duong’s modern transportation network.
Minister of Finance: Growth Tracks Our Predicted Path
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The Minister of Finance, Mr. Nguyen Van Thang, offered an optimistic outlook for the country’s socio-economic development. He stated that the trend indicates month-over-month and quarter-over-quarter improvements. Barring any unforeseen circumstances in June, the growth forecast for the second quarter looks brighter than the first, closely aligning with the projected growth scenario.
Securing the Winning Bid: The Consortium Behind the $2.4 Billion Hanoi Ring Road Project
The proposed price of this consortium is VND 56,050 billion, with a breakdown as follows: the sub-project utilizing state capital in the PPP project has a total investment of VND 23,861 billion, while the remaining investment of VND 32,189 billion will come from private investors.