HCMC, four provinces agree investment schedule for Ring Road 4
Ho Chi Minh City and four neighboring provinces have agreed a timeframe to carry out the major Ring Road 4 project, with work expected to start in 2024 and be completed in 2028.
Authorities in HCMC and the provinces of Dong Nai, Long An, Ba Ria-Vung Tau, and Binh Duong discussed on Thursday the investment for the Ring Road 3 and Ring Road 4 projects.
Leaders of HCMC, Dong Nai, Long An, Ba Ria-Vung Tau, and Binh Duong agreed upon Ring Road 4’s investment schedule on January 12, 2023 in HCMC. Photo courtesy of HCMC Press Center.
Ring Road 4 will stretch 200 km in total, and HCMC Transport Department director Tran Quang Lam said the five southern localities are preparing for pre-feasibility studies for each section.
The project’s starting point will be the intersection with the Bien Hoa-Vung Tau Expressway project while it will finish at Hiep Phuoc Port in HCMC’s Nha Be district.
Pre-feasibility studies are set to be completed in the second quarter of 2023, investment plans approved within the same year, and selection of investors in Q3/2024.
Ground breaking for the project is scheduled for September 2024, and construction completion and trial test for the whole route in December 2027. The ring road would be opened to traffic and start collecting tolls in Q1/2028.
In terms of financing, the five localities agreed that the three sources should be the national budget, local budgets, and private investors. The first two sources for the public-private partnership (PPP) project will be under 50%, and the rest from private investors.
For Ring Road 3, the HCMC Department of Transport has asked the city's administration to establish a working team to supervise the project to prevent infringements.
The team should be headed by a Department of Planning and Investment leader, supported by assistants and team members from the departments of Construction, Natural Resources and Environment, Justice, Finance; HCMC Police, and city inspectors.
Ring Road 3 will pass through HCMC, Dong Nai, Binh Duong, and Long An provinces with a total length of more than 76 km. It will cost more than VND75.3 trillion ($3.21 billion) to build. The project is divided into eight component projects, and each locality will implement site clearance and construction.
Site clearance has already started in all four localities, while construction will start some time this year.
- Related News
- Read More
Vietnam Electricity begins building 1,200 MW pumped storage hydropower
State utility Vietnam Electricity (EVN) kicked off the construction of phase 2 of the 1,200-MW Bac Ai pumped storage hydropower plant on Saturday.
Energy - Sat, February 22, 2025 | 10:13 pm GMT+7
Vietnam must achieve high growth until 2045 to avoid middle-income trap: Prime Minister
Vietnam must achieve sustainable, high growth until 2045, to overcome the middle-income trap like what Japan, South Korea, and China have done, said Prime Minister Pham Minh Chinh.
Economy - Sat, February 22, 2025 | 10:05 pm GMT+7
Vietnam’s wood industry concerned about Trump tax policy risks: association
One of the major concerns of Vietnam's wood industry is the reaction of the U.S. market to the Trump administration's possible tax policy after a year of strong growth, said Nguyen Chanh Phuong, vice chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).
Economy - Sat, February 22, 2025 | 8:41 pm GMT+7
Taiwan’s Foxconn acquires Vietnam unit of China’s Goertek
Taiwan’s Foxconn Interconnect Technology (FIT) has acquired Goertek Electronics Vietnam under Chinese electronics giant Goertek, subject to approval of relevant regulatory authorities.
Companies - Sat, February 22, 2025 | 3:55 pm GMT+7
Vietnam slaps 27.83% anti-dumping duty on China’s hot rolled steel coils
Vietnam’s Ministry of Industry and Trade has imposed a temporary anti-dumping duty of 27.83% against hot rolled steel coils (HRC) imported from China.
Industries - Sat, February 22, 2025 | 3:47 pm GMT+7
Vietnam to complete 500 kV power line in Aug to facilitate electricity import from China
State utility Vietnam Electricity (EVN) must kick off the construction of the 500 kV Lao Cai-Vinh Yen power line in the northwestern region in February and complete it by August 31.
Energy - Sat, February 22, 2025 | 12:13 pm GMT+7
Vietnamese retailers accelerate digital transformation
Vietnam's retail sector is rapidly advancing in terms of digital transformation, with retailers embracing data-driven strategies and diversified sales channels to cut costs and streamline operations.
Southeast Asia - Sat, February 22, 2025 | 10:07 am GMT+7
Vietnam now 9th largest trading partner of Singapore
Vietnam has become Singapore's 9th largest trading partner, with two-way trade rising by 16.83% year-on-year to SGD3.39 billion ($2.53 billion) in January, according to latest statistics.
Southeast Asia - Sat, February 22, 2025 | 10:00 am GMT+7
Russia's Rosatom eyes to boost new technology cooperation with Vietnam
Russia's Rosatom State Atomic Energy Corporation has reaffirmed its commitment to strengthening ties with Vietnam, especially in quantum technology.
Southeast Asia - Sat, February 22, 2025 | 9:53 am GMT+7
Over $13.7 bln needed to upgrade Vietnam's port system
Vietnam will need an estimated VND351.5 trillion ($13.76 billion) to upgrade its port system by 2030, according to a detailed plan for seaports, terminals, quays, mooring buoys, and water zones for the 2021-2030 period, with a vision to 2050.
Southeast Asia - Sat, February 22, 2025 | 9:49 am GMT+7
M&A in 2025: Big deals, winning hands, and wild cards
In Vietnam, domestic companies are leading high-value transactions, and foreign investors are showing renewed interest, particularly in the healthcare and education sectors, write PwC Vietnam analysts.
Consulting - Sat, February 22, 2025 | 8:17 am GMT+7
Indonesia expands carbon trade with nature-based solutions
Indonesia is promoting the supply of carbon credits from nature-based solutions, such as emissions stored in peat ecosystems, according to Deputy Minister of Environment Diaz Hendropriyono.
Southeast Asia - Fri, February 21, 2025 | 10:45 pm GMT+7
Indonesia to develop new DeepSeek
Indonesia is pushing ahead with the development of a low-cost, open-source large language model (LLM), seen as a local version of China's DeepSeek chatbot, in its bid to become a tech powerhouse in Southeast Asia.
Southeast Asia - Fri, February 21, 2025 | 10:42 pm GMT+7
Former Central Retail Vietnam CEO joins Masan Group
Vietnam’s leading retailer Masan Group (MSN) has appointed Philippe Jean Broianigo as deputy CEO of The CrownX, the entity managing its consumer and retail segments.
Companies - Fri, February 21, 2025 | 10:37 pm GMT+7
Monetary, exchange rate policies under mounting pressure: Vietnam central bank
The State Bank of Vietnam’s (SBV) monetary and exchange rate policies will face significant pressure in 2025, as both the global and domestic economic environments remain unpredictable, said Governor Nguyen Thi Hong.
Banking - Fri, February 21, 2025 | 10:25 pm GMT+7
India conglomerate Larsen & Toubro seeks to develop urban railways in Hanoi
India-based conglomerate Larsen & Toubro (L&T), among the biggest builders and infrastructure developers in the world, seeks to join urban railway projects in Hanoi.
Infrastructure - Fri, February 21, 2025 | 5:37 pm GMT+7
