At the conference to review the work in 2024 and deploy the 2025 work plan, the Management Board of Traffic Infrastructure Construction Investment Projects in Ho Chi Minh City shared that 2025 is the year of quality and progress, expediting site clearance. Therefore, the Traffic Management Board continues to implement large-scale traffic projects, key national projects (Ho Chi Minh City Ring Road 3, Ho Chi Minh City – Moc Bai Expressway, Construction of Ring Road 2, Section 1 and 2, Nguyen Khoai Bridge, etc.).
Mr. Luong Minh Phuc, Director of the Management Board of Traffic Infrastructure Construction Investment Projects in Ho Chi Minh City, shared that 2025 is expected to be a challenging year due to the large volume of work requiring significant human resources, capacity, and outstanding performance in project management, direction, and administration.
On the other hand, the city’s leaders and people have increasingly high expectations for the development of traffic infrastructure, especially in terms of progress and quality. Therefore, the Board will address the shortcomings in project management to ensure that projects are implemented on schedule and with high quality and efficiency.
These are critical infrastructures that not only contribute to the development of transportation but also open up economic and housing opportunities. For example, the Tan Van Interchange (Hanoi Highway – Ring Road 3), costing over VND 1,800 billion, is one of the most complex traffic intersections in Vietnam, which began construction in April 2024. Ring Road 3 aims to open the main highway route through Thu Duc City on January 30, 2026.
By the end of 2024, the An Phu Interchange had achieved 60% of the total volume. Among them, Ba Dat Bridge and Giong Ong To 2 Bridge were the first two items to be completed (before the 2025 Lunar New Year) to reduce traffic pressure in the area.
The BOT project to expand Hanoi Highway and National Highway 1 (from the old Tram Hai intersection to Tan Van Interchange) has a total length of 15.7 km, starting from Saigon Bridge, passing through Thu Duc City, to the adjacent area of Tan Van Interchange in Di An City, Binh Duong Province. The project will upgrade and expand the main road and build two new parallel roads on both sides. Up to now, the volume of the section in Ho Chi Minh City has basically been implemented.
According to DXS-FERI experts, infrastructure is a decisive factor in promoting economic development and capturing new investment waves. Synchronous infrastructure with urban development strategies, rapid disbursement and implementation, and priority given to key projects with high connectivity are essential conditions for the real estate industry’s growth. Additionally, 2025 marks the expected completion of several significant infrastructures. The eastern region of Ho Chi Minh City is one of the markets with certain bright spots.
Emphasizing the pivotal role of transportation infrastructure in the sustainable development of the housing market, Ms. Giang Huynh, Director of Research and S22M, said that key projects such as Metro Line 1, Nam Ly Bridge in Thu Duc, and An Phu Interchange would significantly improve congestion and enhance accessibility within Ho Chi Minh City. Especially, large-scale projects like Ring Road 3 and Ben Luc – Long Thanh Expressway are expected to create an essential turning point, connecting Ho Chi Minh City with satellite provinces. This will enhance the satellite markets’ appeal to homebuyers and provide significant opportunities for real estate developers to expand their operations.
For instance, The Gio Riverside project, developed by An Gia (HOSE: AGG), is planned to be launched in Q1/2025. The project is located at the confluence of the Dong Nai and Ngoc rivers, adjacent to Hanoi Highway, Tan Van Interchange, Ring Road 3, Suoi Tien Metro Line 1 Station, and Aeon Mall Bien Hoa…
Surrounding The Gio Riverside are various external utilities such as the Dong Nai Provincial People’s Committee, Thu Duc University Village, Dong Nai General Hospital, New Eastern Bus Station, Bien Hoa Industrial Park, Amata Industrial Park, Di An – Binh Duong Station, and Co.op Mart Bien Hoa Supermarket…
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The investor representative shared that the project aims to serve the real housing needs in Ho Chi Minh City’s eastern region and adjacent areas like Binh Duong and Dong Nai. An Gia is currently connecting and collaborating with about 30 distribution agents to serve the business plan for 3,000 The Gio Riverside apartments in the 2025-2026 period.
According to Ms. Giang Huynh, this is an ideal time for developers to diversify their product portfolios and reach a broader customer segment. Competitive land prices, combined with improving infrastructure, are turning satellite areas into attractive destinations for first-time homebuyers, investors, and families seeking greater value. Investors can consider the stability and long-term growth potential of satellite markets.
In its 2024 report on the residential real estate industry, Vietcap Securities (HOSE: VCI) predicted that real estate market transactions would continue to increase in 2025, driven by stable demand for housing purposes, especially in mid-range apartment projects. In addition, the growth in new primary supply due to many newly launched projects and smoother legal procedures, along with improved buyer confidence thanks to the real estate market’s recovery prospects, contribute to the positive outlook.
Moreover, the stable outlook for mortgage interest rates and the acceleration of critical infrastructure development will influence buyer preferences. As a result, homebuyers will continue to prioritize projects from experienced developers with a proven track record in ensuring construction progress and quality delivery (including pink book handover), clear legal status, strategic locations, and good connectivity to developing amenities and infrastructure.
Thu Minh
– 08:11 27/01/2025
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