Vingroup Group has proposed to the People’s Committee of Ho Chi Minh City and the Department of Transport a high-speed urban railway project connecting the center of Ho Chi Minh City with Can Gio.

Specifically, according to the document, Vingroup proposed a project with its starting point on Nguyen Van Linh Boulevard (Tan Phu Ward, District 7), following Nguyen Luong Bang Street, and the endpoint located at a 39-hectare land plot adjacent to the Can Gio Sea Reclamation Urban Area project (Long Hoa Commune, Can Gio District). The project is designed as a double-track line with a gauge of 1,435 mm each, elevated with a total length of 48.5 km.

The metro line will have 2 depots: 1 Depot is expected to be located in District 7 on a 20-hectare land plot, and 1 Depot is expected to be located on a 39-hectare land plot in Long Hoa Commune, Can Gio District.

The project is planned to be implemented from 2026 to 2028. The line’s capacity will be able to transport 30,000 – 40,000 passengers per direction per hour.

Sac Forest route in Can Gio. (Photo: Luong Y)

In terms of investment mode, Vingroup proposed to invest in the form of a public-private partnership, using the Build-Own-Operate (BOO) contract, where Vingroup will invest in construction with its capital and mobilized capital in accordance with the law, own and operate the project after completion.

Vingroup requested the People’s Committee of Ho Chi Minh City to consider and approve and direct relevant units to support and guide the implementation of related tasks to soon complete the investment and construction of the project.

Previously, on January 4, at the announcement of the Ho Chi Minh City Planning, the Prime Minister said that he had assigned Vingroup to study the construction of an underground transport system from the center of Ho Chi Minh City to Can Gio.

Can Gio is the only district of Ho Chi Minh City that borders the sea, located about 50km from the city center. The district has a total area of over 71,300 hectares, of which more than 70% is mangrove forest and canals. To get to Can Gio from the city center, visitors have only one option, which is to travel from the mainland to Binh Khanh ferry (Nha Be district) and then along Sac Forest Road.

Ho Chi Minh City is orienting Can Gio to become a regional and international-scale tourist urban area. In January 2025, the city approved a 1/500 detailed plan for a 2,870-hectare Can Gio sea tourism urban area with a total expected investment of nearly US$9 billion, and at the same time, it is expected to build the Can Gio International Transit Port project with a total investment of US$4.8 billion in 2025.

In the content of the report of the People’s Committee of Ho Chi Minh City on the proposal to develop the metro according to Conclusion No. 49 of the Politburo on the orientation for developing Vietnam’s railway transport by 2030, with a vision to 2045, Ho Chi Minh City proposed to invest and complete 7 metro lines with a total length of about 355 km by 2035, with an investment of over US$40.21 billion. By 2045, the city will complete an additional 155 km, bringing the total length to about 510 km.

You may also like

The Latest Developments at the $4 Billion “Mega Project” in the Central Coastal Province

The Nam Hoi An Resort in Quang Nam Province is set to explore the addition of a new golf course to its offerings. The resort, which is already a popular destination for golfers and vacationers alike, is looking to enhance its appeal by potentially adding another world-class golf course to its premises. With a focus on elevating the guest experience, the resort aims to position itself as a premier golf destination in the region, offering a challenging and enjoyable experience for players of all levels.

The Stock Market’s Resilience Surges: Pinetree Unveils Interest-Free Margin and Derivatives Packages

In March, Pinetree introduced a range of interest-free and fee-waiving policies for margin loans and derivatives trading. These policies were designed to cater to the needs of experienced investors, offering them a more cost-effective way to leverage their investments and engage in more complex trading strategies.

Unlocking Opportunities: Empowering Tech Companies to Go Public Without the Shackles of Accumulated Losses

“There should be a relaxation of rules for technology firms looking to list on stock exchanges, particularly HOSE, HNX, and the International Financial Center. The requirement for firms to not have accumulated losses when listing is a hindrance and should be waived, especially for tech startups.”

‘Money Flow into the Market is Not Fast Enough to Stimulate Growth’

“Domestic consumption and investment incentives currently contribute over 90% to GDP growth. With exports facing challenges, it is imperative to find solutions to stimulate and unleash these two drivers. However, as Dr. Can Van Luc, a renowned economist, points out, there is a prevailing issue of increasing money supply but slow velocity of money circulation. This results in a lag in the infusion of money into the market, hindering the desired growth trajectory.”

The Top 18 Underperforming Loan Disbursement Units: Accountability and Action Demanded by Ho Chi Minh City Chairman

The city of Ho Chi Minh has set a target for effective fund utilization, with a benchmark of 95% for the year 2024. However, 7 managers and 11 districts have failed to achieve this target, prompting the Chairman of the Ho Chi Minh City People’s Committee, Mr. Nguyen Van Duoc, to call for an accountability review.