As part of the first Vietnam Private Economic Landscape Program (ViPEL 2025), organized by the Private Economic Development Research Board (Board IV) and the Department of Private Enterprise and Collective Economy Development (Ministry of Finance) on the afternoon of October 10, a Memorandum of Cooperation was signed between the People’s Committee of Ho Chi Minh City and Sovico Group for the development of the Urban Railway Line No. 4 (Dong Thanh – Hiep Phuoc Urban Area).
Thus, Sovico Group, led by billionaire Nguyen Thi Phuong Thao, has officially been entrusted with the research and implementation of Metro Line No. 4.
Billionaire Nguyen Thi Phuong Thao speaking at ViPEL 2025
Previously, in June 2025, Sovico Group proposed to study the investment in Metro Line No. 4, connecting Hoc Mon District (former) to Hiep Phuoc Urban Area (former Nha Be District).
In their proposal to the People’s Committee of Ho Chi Minh City, Sovico emphasized their extensive experience, investment capabilities, and strong financial resources, expressing their eagerness to contribute to urban infrastructure development and the socio-economic growth of Ho Chi Minh City, particularly in the southern region.
Specifically, Sovico proposed to study the investment in Metro Line No. 4 with the following route: Dong Thanh – Thanh Xuan – Ha Huy Giap – Nguyen Oanh – Nguyen Kiem – T1 and T2 Stations at Tan Son Nhat Airport – Truong Son – Nguyen Van Troi – Nhieu Loc Canal – Hai Ba Trung – Pasteur – Ben Thanh – Nguyen Thai Hoc – Ton Dan – Nguyen Huu Tho.
Beyond the intersection with Ho Chi Minh City’s Ring Road 3, the line will follow a new route to Hiep Phuoc Urban Area.
The total length of the line is approximately 47.3 km, including over 25 km underground and nearly 22 km elevated. The line will feature 37 stations, 1 depot in Dong Thanh, and 1 depot in Hiep Phuoc.
Upon receiving approval from the People’s Committee of Ho Chi Minh City to conduct the study, the company will establish a new legal entity to execute the project. Sovico commits to resource and manpower planning, collaborating with partners, contractors, and operational management units to ensure timely project completion and operation as per the city’s schedule.
Metro Line No. 1 is one of the 12 urban railway lines in Ho Chi Minh City as per the 2021-2030 planning period, with a vision to 2050. Photo: HOANG TRIEU
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