HCMC to commence 5 flagship infrastructure projects
Ho Chi Minh City, the country’s southern economic hub, is preparing to kick off five landmark projects between December 2025 and January 2026 as part of celebrations for the 14th National Party Congress, according to the municipal People’s Committee.
An illustration of Ben Thanh-Can Gio high-speed railway created by Gemini.
Topping the list is the VND85.6 trillion ($3.25 billion) Ben Thanh-Can Gio high-speed railway, proposed by VinSpeed, a subsidiary of Vietnam’s largest listed firm Vingroup.
Scheduled to break ground on December 19, the 53-kilometer route will run from downtown Ben Thanh Station to the Can Gio coastal urban area. Designed for speeds of up to 350 km/h, the line is expected to be completed in 2028 and will mark one of Vietnam’s most ambitious urban rail developments to date.
The city will also begin work on Metro Line No. 2 (Ben Thanh-Tham Luong) in January 2026, with a total investment exceeding VND47.8 trillion ($1.81 billion).
Three other megaprojects, collectively worth more than VND117 trillion ($4.44 billion), are slated to break ground in early 2026 under the public–private partnership (PPP) model.
Specifically, the VND92 trillion ($3.49 billion) Rach Chiec Sports Complex, proposed by Sun Group, will span 187 hectares. The project aims to develop a modern sports complex, creating a landmark and enhancing Ho Chi Minh City's status as a sports and entertainment hub in Southeast Asia. It is expected to be completed in 2030.
Can Gio Bridge (VND12.4 trillion or $470.32 million) will stretch 7.3 kilometers between Binh Khanh and Nha Be communes. The bridge will replace the overloaded Binh Khanh ferry. Once finished in 2028, it will cut travel time between HCMC and Can Gio to roughly one hour.
The Phu My 2 Bridge project has a total investment of VND13 trillion ($493.08 million). The 6.3-kilometer bridge will link southern HCMC with Dong Nai province’s Nhon Trach area. It is expected to start at Nguyen Huu Tho street in HCMC and connect to Lien Cang Road in Dong Nai, with completion also slated for 2028.
Masterise Group has been tasked with preparing the investment proposal for Phu My 2 Bridge for submission to authorities’ in-principle approval.
Beyond these five headline projects, HCMC plans to launch or inaugurate 12 additional infrastructure and public-service developments, underscoring a major push to improve connectivity and urban services ahead of the National Party Congress, scheduled for January 19-25, 2026
HCMC, Ba Ria-Vung Tau province, and Binh Duong province were merged in July to form the new HCMC.
- Related News
- Read More
HCMC to commence 5 flagship infrastructure projects
Ho Chi Minh City, the country’s southern economic hub, is preparing to kick off five landmark projects between December 2025 and January 2026 as part of celebrations for the 14th National Party Congress, according to the municipal People’s Committee.
Infrastructure - Sat, December 6, 2025 | 8:59 am GMT+7
Vietnam’s market status upgrade to boost bank stocks as foreign inflows rise
Vietnam’s reclassification to "secondary emerging" market status is expected to attract billions of U.S. dollars from global passive and active funds, raising expectations that banking stocks, which dominate market capitalization and liquidity, will be among the first beneficiaries.
Finance - Fri, December 5, 2025 | 9:20 pm GMT+7
Notification: Shares issuance to pay dividend
The board of directors of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) announced the issuance of shares to pay dividends from the remaining profits of 2021, 2022, and the 2009-2016 period.
Companies - Fri, December 5, 2025 | 8:38 pm GMT+7
Japan's Asahi Life to acquire Hanoi-based MVI Life for estimated $194 mln
Japanese life insurer Asahi Life has reached a deal to acquire Vietnamese counterpart MVI Life, expanding its presence in the Southeast Asian country as a new life insurer.
Finance - Fri, December 5, 2025 | 8:31 pm GMT+7
Galvanized steel major Ton Dong A files for HCMC bourse listing
Ho Chi Minh City Stock Exchange (HoSE) has received an application from Ton Dong A, a leading galvanized steel manufacturer in Vietnam, to list 149 million shares (code: GDA), with a par-value-based listing value of VND1.49 trillion ($56.55 million).
Companies - Fri, December 5, 2025 | 1:41 pm GMT+7
Japan’s Kokuyo to acquire Vietnam's leading stationery maker Thien Long for $178 mln
Japan’s Kokuyo has announced a plan to acquire Vietnam's major stationery manufacturer Thien Long Group (HoSE: TLG) for up to JPY27.6 billion ($178.2 million), as the Japanese office-supplies giant expands its footprint in Southeast Asia.
Companies - Fri, December 5, 2025 | 1:02 pm GMT+7
Billions of new Big 4 bank shares set to hit Vietnam market as government pushes for capital hikes
Vietnam’s Big 4 banks which are state-controlled, including Vietcombank, VietinBank, BIDV, and Agribank, are preparing to issue tens of billions of new shares as stock dividends, following a government directive to accelerate charter-capital expansion.
Banking - Fri, December 5, 2025 | 12:56 pm GMT+7
Sumitomo to break ground on $111 mln industrial park project in central Vietnam early next year
Japan’s Sumitomo Corporation is expected to begin construction of its Thang Long Thanh Hoa Industrial Park phase one in Q1/2026, according to Thanh Hoa province authorities.
Industrial real estate - Fri, December 5, 2025 | 9:05 am GMT+7
Vietnam enters new phase of large-scale industrial growth, led by high-value FDI: Savills
Vietnam is entering a new phase of industrial growth, as macroeconomic indicators, FDI inflows, and infrastructure development all point to a shift from quantity-driven growth to scale and quality expansion.
Economy - Thu, December 4, 2025 | 3:30 pm GMT+7
Northern Vietnam province Phu Tho plans its largest-ever urban area project at $3.9 bln
Authorities in Phu Tho have approved plans for a VND102.84 trillion ($3.9 billion) development that would become the largest real estate project in the northern Vietnamese province.
Real Estate - Thu, December 4, 2025 | 2:11 pm GMT+7
Petrovietnam to divest 35% stake in non-life insurer PVI via auction
State-owned Petrovietnam will divest its entire 35% stake in PVI Insurance, with a full-lot public auction proposed. The sale is expected to take place by year-end or early 2026.
Companies - Thu, December 4, 2025 | 2:00 pm GMT+7
Vietnam’s Alluvia Chocolate opens its flagship store at Mekong Deltal’s My Tho cruise port
Alluvia Chocolate, a famous Vietnamese handmade chocolate brand, officially opened its flagship store at My Tho Cruise Port in the southern province of Dong Thap last Saturday.
Companies - Thu, December 4, 2025 | 1:22 pm GMT+7
Central Vietnam province Ha Tinh picks Vingroup for 2 wind power projects worth $1.48 bln
The Ha Tinh People’s Committee has selected VinEnergo, an energy arm of Vingroup, as the investor for two offshore wind power projects in Ky Anh, with a combined investment of more than VND39 trillion dong ($1.48 billion).
Energy - Thu, December 4, 2025 | 12:54 pm GMT+7
New chapter for electronics major Viettronics after Geleximco takeover
Shares of Vietnam Electronics and Informatics Corp, or Viettronics (HoSE: VEC) - long inactive and trading mostly between VND8,000-9,000 ($0.34) apiece for many years - have surged more than sevenfold over the past 11 months, rising to VND60,700 ($2.3) on Wednesday.
Companies - Thu, December 4, 2025 | 9:23 am GMT+7
Central Vietnam hub Danang faces infrastructure challenges as high-rise buildings rise along Han river
A wave of new high-rise projects along the Han River is making Danang’s urban planning and management increasingly challenging, forcing the central city to rethink strategies to ease the pressure on its urban core.
Real Estate - Thu, December 4, 2025 | 9:02 am GMT+7
