HCMC schedules full trial run of first metro line on September 2
Ho Chi Minh City plans to conduct a full trial run on the Ben Thanh-Suoi Tien metro line (Metro Line No. 1) on September 2, according to the municipal Management Authority for Urban Railways (MAUR).
Nguyen Quoc Hien, vice head of HCMC's MAUR, said Metro Line No. 1 is 95% complete, and the remaining work, including equipment installation, the trial run, and assessment, will be finished this year.
However, a date for commercial operations remains a question, depending on the safety assessment of independent international units, he added.
The Ben Thanh-Suoi Tien metro line in Ho Chi Minh City. Photo courtesy of Labor newspaper.
The 19.7-kilometer line will run from Ben Thanh Hub in District 1 to Suoi Tien Depot in Thu Duc city on HCMC’s outskirts. The project has cost VND43.7 trillion ($1.89 billion), sourced from Japanese official development assistance (ODA) and Vietnamese counterpart funds. Work began on the metro line in 2008. The project has missed several deadlines.
A test run was conducted in December 2022 on an elevated section of the line. During the test, the train stopped to pick up and drop off passengers at the Hi-tech Zone Station near Saigon Hi-tech Park.
HCMC has plans for 220 kilometers of metro lines with an investment of $25 billion. The network could reach 56.43 kilometers with an investment of $8.85 billion by 2030, Hien added.
HCMC’s Ben Thanh-Tham Luong line (Metro Line No. 2), with an investment of VND47.89 trillion ($2.04 billion), is set to begin construction in 2025 and enter operation in 2030. The 11.04-kilometer metro features 9.09 kilometers of underground track and 1.95 kilometers overground. So far, 86.35% of site clearance has been completed.
The city is drafting plans for Metro Line No. 3 connecting the Ben Thanh market with a high-tech healthcare zone; Metro Line No. 4 linking Thanh Xuan ward of District 12 and the Hiep Phuoc urban area; and Metro Line No. 5 joining the Bay Hien crossroads and Saigon bridge.
HCMC is calling for ODA from foreign partners, such as JICA, ADB, KfW and EIB, to fund the projects, while offering the transit oriented development (TOD) model to attract resources.
According to a document sent by HCMC Chairman Phan Van Mai on June 13 to National Assembly Chairman Vuong Dinh Hue concerning special policies and mechanisms for HCMC's development, the municipality wants to issue international bonds to raise $16 billion for the completion of nine metro and railway projects. The document clarified that issuance of domestic bonds would be unlikely to raise such huge and affordable amounts for the projects.
- Read More
Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure
CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.
Companies - Sun, May 10, 2026 | 10:54 am GMT+7
Vietnam developer Saigonres plans $650 mln investment for next 5 years
Saigon Real Estate Group JSC (Saigonres) plans total investment of VND17.11 trillion ($650.37 million) for 2026-2030, implying average annual capital demand of about VND3-4 trillion ($114-152 million).
Real Estate - Sun, May 10, 2026 | 10:15 am GMT+7
Firms must abandon five leadership habits to navigate AI era: FPT CEO
The important thing is not to chase AI, but to apply AI to solve the right organizational problems, said Nguyen Van Khoa, CEO of FPT Corporation, a leading technology company in Vietnam.
Companies - Sun, May 10, 2026 | 8:00 am GMT+7
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7
Vietnam property developers shift to asset-holding strategy for stable cash flow
Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.
Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7
Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology
Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.
Economy - Fri, May 8, 2026 | 11:13 am GMT+7
MBBank ranks among Vietnam's leading lenders for SME working capital in key industries
Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.
Banking - Fri, May 8, 2026 | 8:56 am GMT+7




















