The Ho Chi Minh City Department of Construction has recently submitted a comprehensive report to the Ministry of Construction regarding the progress of urban railway projects within the city.
Currently, five major corporations have proposed investments in six urban railway lines through PPP models or direct investment.
According to the report, five companies have submitted proposals or been assigned to study urban railway (metro) and national railway projects.
Specifically, VinSpeed Railway Investment and Development JSC (a subsidiary of Vingroup) has submitted a proposal to invest in the Bến Thành – Cần Giờ urban railway line, connecting downtown Ho Chi Minh City with the Cần Giờ coastal urban area. The proposal has been reviewed by the city’s Appraisal Council and submitted to the People’s Committee for investment approval. Construction is expected to commence on December 19th.
Becamex Group has been tasked by the city’s People’s Committee to study the investment plan for the Bàu Bàng – Cái Mép national railway line, which will enhance logistics connectivity between Bình Dương and the Bà Rịa – Vũng Tàu port cluster.
Sovico Group has been assigned to study and propose investment in metro line 4 (Đông Thạnh – Hiệp Phước Industrial Zone) through a PPP model or direct investment.
Thaco Group has proposed investing in metro line 2 (Bến Thành – Thủ Thiêm section) and the Thủ Thiêm – Long Thành line under a PPP (BT contract) model. The Ho Chi Minh City People’s Committee is currently evaluating Thaco as the potential investor.
Masterise Group has proposed studying the metro line 3 (Hiệp Bình Phước – An Hạ section) under a PPP model. The city is reviewing the proposal for potential assignment to Masterise.
The report also updates the progress of ongoing projects. For the metro line 2 (Bến Thành – Tham Lương), the People’s Committee is finalizing the appraisal and approval of the adjusted feasibility study report. Construction is slated to begin in January 2026, with completion expected before 2030. This project is the first to apply the special mechanism under Resolution 188.
Additionally, Ho Chi Minh City is collaborating with Đồng Nai Province to incorporate the Thủ Thiêm – Long Thành line into the provincial and city urban railway planning.
For the Bình Dương – Suối Tiên metro and Thủ Dầu Một – Ho Chi Minh City metro projects, the People’s Committee has tasked the Urban Railway Management Board with preparing feasibility study reports. The city is currently selecting consulting contractors to initiate project development, aiming to start construction between 2026-2028 and complete by 2035.
Regarding the North-South high-speed railway, the People’s Committee has requested the Ministry of Construction to report to the Ministry of Finance for the allocation of 10.8 trillion VND from the central budget for compensation, support, and resettlement starting in 2026. The city has also asked the Ministry of Construction to finalize and hand over the official boundaries and land acquisition scope for the project to proceed according to regulations.
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