The Office of the Ho Chi Minh City People’s Committee has issued a notification outlining the conclusions of Vice Chairman Bui Xuan Cuong during a direct and online meeting. The meeting focused on reviewing the progress of several key city projects.
For the project to upgrade and expand Vinh Loc Road (from Tran Van Giau Street to Road No. 2A – Vinh Loc Industrial Park), Vice Chairman Bui Xuan Cuong directed the Department of Construction to urgently provide written feedback to the Department of Finance. This task must be completed by January 14.
The Department of Finance is tasked with promptly reviewing, consolidating, and drafting the Ho Chi Minh City People’s Committee’s submission to the City People’s Council for approval of the project’s investment policy. This must be done in compliance with all procedures and regulations, and completed by January 16.
Regarding the Thu Thiem 4 Bridge construction project, the Urban Railway Management Board and the Ho Chi Minh City Urban Development Management Board are required to provide written feedback to the Department of Finance by January 14, without delay.
Rendering of Thu Thiem 4 Bridge
The Department of Construction is directed to promptly provide written feedback to the Department of Finance as requested. They must also inspect, review, and finalize the project’s investment policy dossier, ensuring the project’s content is consistent and unified. This includes clarifying and supplementing the feedback provided by relevant agencies in the City Appraisal Council’s review report, the Economic and Budget Committee’s opinions during surveys and reviews, and other related comments. This task must be completed by January 14.
The Department of Finance is tasked with promptly reviewing, consolidating, and drafting the Ho Chi Minh City People’s Committee’s submission to the City People’s Council for approval of the project’s investment policy. This must be done in compliance with all procedures and regulations, and completed by January 16.
For the East-West Axis Road (Vo Van Kiet Road) extension project, connecting National Highway 1 to the Long An provincial border, Vice Chairman Bui Xuan Cuong directed the Department of Planning and Architecture to urgently review and update the section from Ring Road 3 to the Long An provincial border. They must also implement the directives of the Ho Chi Minh City People’s Committee as outlined in Document No. 4814/UBND-ĐT dated June 27, 2025, in the accompanying drawings of the adjusted Ho Chi Minh City Master Plan for 2040, with a vision to 2060. This will serve as the basis for proposing the project’s investment policy in accordance with regulations.
Additionally, the Department of Construction is directed to finalize the project’s pre-feasibility study report and submit it to the Ho Chi Minh City People’s Committee as required, completing this task by February 25.
Ho Chi Minh City Apartment Prices Post-Merger Average 68 Million VND/m², Forecast to Rise Further by 2026-2028
Following the transformative expansion of Ho Chi Minh City in 2025, which included the integration of Binh Duong and Ba Ria – Vung Tau, Vietnam’s housing market is entering a period of significant reshaping. According to Vo Huynh Tuan Kiet, Director of Residential Services at CBRE Vietnam, 2026 will mark a pivotal year where trends such as urban sprawl, infrastructure-driven development, product quality enhancement, and market transparency become increasingly prominent.
Urgent Submission to Ho Chi Minh City People’s Council: Investment Plan for Thu Thiem 4 Bridge and Multiple Key Projects
The Vice Chairman of the Ho Chi Minh City People’s Committee has directed the Department of Finance to urgently review, consolidate, and draft a proposal for submission to the City People’s Council. This proposal seeks approval for the investment policy of the Thu Thiem 4 Bridge project, with the aim of presenting it at the nearest council session.
First Foreign ‘Eagle’ Set to Nest at Ho Chi Minh City International Financial Center
UOB Bank is set to break ground on its headquarters at the International Financial Center in Ho Chi Minh City, marking it as the first foreign bank to establish a presence in this prestigious location.
First Foreign Bank Plans to Build Headquarters in Ho Chi Minh City’s International Financial Center
UOB is set to establish its bank headquarters in Ho Chi Minh City’s International Financial Center, housing 1,500 employees.
New Regulations Allow Holders of White and Green Land Certificates to Convert to Red Book
The Land Management Agency has announced that, according to National Assembly Resolution 254/2025, white and green land certificates issued between 1993 and 1997 retain the same legal validity as current red certificates.
