The Ho Chi Minh City People’s Committee has announced the results of the appraisal for the pre-feasibility study report on the adjusted project “Construction, Renovation, and Expansion of Ton That Thuyet Road and the Green Park along the Kenh Te Canal,” submitted by the Department of Construction.
Increased Total Investment
Accordingly, the total investment for the project has been significantly adjusted, rising from over VND 2,203 billion to VND 5,621 billion. This increase is primarily due to the expansion of the construction scale, the addition of new components, and updates to unit prices and standards based on current realities. The project has also been reclassified from Group B to Group A under the 2024 Public Investment Law.
Ho Chi Minh City adjusts the total investment for the expansion of Ton That Thuyet Road to VND 5,621 billion
The expanded investment scope includes the renovation and expansion of Ton That Thuyet Road, stretching 3.4 km with a cross-section of 27 meters; the construction of a new bridge over Nguyen Kieu Canal; the renovation of the existing Nguyen Kieu Bridge from 15 meters to 25 meters, aligning with Ben Van Don Street; the construction of protective embankments along the Kenh Te Canal and Nguyen Kieu Canal; the construction of Planned Road No. 1, 185 meters long and 28 meters wide, along with drainage systems, lighting, and a green park along the route.
Compensation costs for site clearance and resettlement have been adjusted from VND 1,466 billion to nearly VND 3,977 billion, due to the expanded land acquisition scope, increasing the number of affected households to 598, including 461 households requiring complete relocation.
The project impacts the wards of Khanh Hoi, Xom Chieu, and Vinh Hoi, with detailed partial and complete relocation ratios as follows: Khanh Hoi Ward, approximately 28 households; Xom Chieu Ward, approximately 126 households (100 complete relocations, 26 partial relocations); Vinh Hoi Ward, approximately 444 households (333 complete relocations, 111 partial relocations).
Submission to the People’s Council in the Upcoming Session
According to the plan, the project will be submitted by the Ho Chi Minh City People’s Committee to the City People’s Council at the session scheduled for November 14. The implementation period is expected to span from 2026 to 2029, divided into multiple phases: from Q1 to Q4 2026, completion of partial adjustments to the 1/2000 zoning plan, project and construction design approvals, and initiation of compensation and site clearance; from Q1 to Q3 2027, completion of compensation, site clearance, contractor selection, and project commencement; from Q4 2027 to Q4 2028, construction, acceptance, and project commissioning.
Unlocking Land Valuation Challenges: Ho Chi Minh City Resolves Pricing Issues for Lakeview City and New City Projects
The Ho Chi Minh City Department of Agriculture and Rural Development has submitted for appraisal the re-evaluation of land prices for the Lakeview City project and the 1.330-unit New City residential development. The Ho Chi Minh City Land Price Appraisal Council has also convened a meeting to reassess these valuations.
“Thai Industrial Giant Plans $1.5 Billion Investment in Vietnam, with Over Half Focused on Centrally-Governed City Aspirant”
In Vietnam, Amata Corporation has outlined plans to invest over $1.5 billion, with more than half of this substantial commitment focused on the province of Dong Nai.
Young CEO (Born 1995) Leads Research on $5.7 Billion Project
This is a pivotal transportation project, seamlessly linking Tan Son Nhat Airport with Long Thanh Airport.
Breaking News: Novaland Allocates VND 4.369 Trillion in Provisions for Ongoing Project
The Ho Chi Minh City Land Valuation Council convened to reassess land prices for projects unblocked under Resolution 170/2024/QH15. Among these, Novaland’s 30.1-hectare Nam Rạch Chiếc project, known commercially as Lakeview City, has had its land pricing scheme finalized.
Headquarters of Sơn Tùng – MTP, Hà Anh Tuấn, and Hiếu Thứ Hai: One in a Skyscraper at the “Heart of the Center,” Another Nestled in a 3-Story House Within a Quiet Alley
A towering skyscraper, a humble three-story home, a serene suburban corner—each choice reflects the unique personality, status, and vision of every artist in the new generation.
