HCMC to develop compact cities around metro lines, Ring Road 3

By Huong Dung
Sat, August 12, 2023 | 11:12 pm GMT+7

Ho Chi Minh City will build compact cities near Metro Line No. 1 and Ring Road 3 to pilot the Transit Oriented Development (TOD) model, said director of the municipal Department of Transport Tran Quang Lam on Friday.

Compact cities are an urban planning and urban design concept which promote relatively high residential density with mixed land uses. They are based on an efficient public transport system and an urban layout which encourages walking and cycling, low energy consumption, and reduced pollution.

TOD is a model that designs urban development plans based on transit systems, thus improving efficiency of land use and transit operations.

This model is popular in countries such as South Korea and Singapore but has not been deployed in Vietnam, Lam said at a working session with relevant units.

Highways in Ho Chi Minh City. Photo courtesy of the government portal.

Highways in Ho Chi Minh City. Photo courtesy of the government portal.

Resolution 98, adopted by the Vietnamese legislature in June, allows HCMC to pilot the TOD model, with the use of budgets designated for independent public investment projects to pay for resettlement compensation and support projects in the vicinity of railway stations and intersections along Ring Road 3, he said, adding the municipal People's Committee has been given the right to adjust construction density and the social and technical infrastructure criteria of these projects.

“TOD allows the city to adjust its planning and land recovery and auction plans in the vicinity of major traffic hubs to develop new urban areas with a high population density and synchronous infrastructure. The model will also help maximize the efficiency of land use in the locality,” Lam noted.

“It is a great opportunity for the city, but the time to pilot the new mechanism is short, only 5 years, so we need to speed up the implementation process," he noted.

Initially, the southern economic hub plans to pilot the TOD model in railway stations along Metro Line No. 1 (Ben Thanh-Suoi Tien) and intersections along Ring Road 3. In the next phases, the model will be applied to other metro lines, Ring Road 4, and the Ho Chi Minh City-Moc Bai Expressway.

As the first urban railway project in HCMC, 20-kilometer Metro Line No. 1 includes 11 elevated and three underground stations. Most of the stations are along the Hanoi Highway, where there is a high population density.

Metro Line No. 1, connecting Ben Thanh Market in District 1 and Suoi Tien Tourist Park in Thu Duc city, is expected to be completed this year, 15 years after work first began in 2008. The project has missed several deadlines to date.

The line has cost VND43.7 trillion ($1.89 billion), sourced from Japanese official development assistance (ODA) and Vietnamese counterpart funding.

Meanwhile, the Ring Road 3 section passing through HCMC is more than 47 kilometers long, with a number of major interchanges with surrounding provinces such as Tan Van, Ben Luc-Long Thanh, Long Thanh-Dau Giay, and Provincial Road 10. Work on the section began in June 2023.

Ring Road 3 will run 76.3 kilometers through HCMC and the provinces of Dong Nai, Binh Duong, and Long An. It is estimated to cost VND75.4 trillion ($3.2 billion) in all.

It will start at the intersection with Ben Luc-Long Thanh Expressway in Nhon Trach district, Dong Nai province, and end at the intersection with Ben Luc-Long Thanh Expressway in Ben Luc district, Long An province.

Once open in 2026, the route will create a major breakthrough in traffic connections, thus promoting the southeastern region's socio-economic development.

Comments (0)
  • Read More
Thailand seeks FTA negotiations with Eurasian Economic Union

Thailand seeks FTA negotiations with Eurasian Economic Union

Thailand is holding talks with Russia to expedite negotiations for a free trade agreement (FTA) with the Eurasian Economic Union (EAEU).

Southeast Asia - Sun, November 3, 2024 | 7:20 pm GMT+7

Indonesia attracts foreign investment in technology sector

Indonesia attracts foreign investment in technology sector

As many as 19 Australian companies have expressed an interest in investing in Indonesia's technology sector, Communication and Digital Affairs Minister Meutya Hafid said on Thursday.

Southeast Asia - Sun, November 3, 2024 | 7:18 pm GMT+7

Robots work hard, don’t argue: Viettel exec counsels effective use of technology

Robots work hard, don’t argue: Viettel exec counsels effective use of technology

Small businesses in logistics should look to use existing tools, software and technology solutions effectively, says Dinh Thanh Son, deputy CEO of Viettel Post.

Companies - Sun, November 3, 2024 | 4:30 pm GMT+7

Vietnamese multi-sector group Masan uses AI to forecast product sales: executive

Vietnamese multi-sector group Masan uses AI to forecast product sales: executive

AI has helped Masan Group forecast the number of items likely to be sold during peak season based on available data and to optimize product placement, says An Luong, head of the corporation’s artificial intelligence & data science division.

Companies - Sun, November 3, 2024 | 2:51 pm GMT+7

Vietnam needs large, specialized logistics centers to compete better: official

Vietnam needs large, specialized logistics centers to compete better: official

Vietnam needs large-scale, specialized logistics centers that will enable greater competitiveness of local economies and enterprises, says Tran Thanh Hai, deputy head of the Ministry of Industry and Trade's agency of foreign trade.

Economy - Sun, November 3, 2024 | 11:00 am GMT+7

Vietnam manufacturing sector sees 35% increase in Q3 job orders: Adecco

Vietnam manufacturing sector sees 35% increase in Q3 job orders: Adecco

Vietnam’s manufacturing and sourcing sectors saw a substantial 35% year-on-year increase and a 52% quarter-on-quarter increase in Q3/2024 job orders, global workforce solutions provider Adecco said in a reseach report released Thursday.

Economy - Sun, November 3, 2024 | 9:00 am GMT+7

Construction majors to continue capitalizing on public investment projects

Construction majors to continue capitalizing on public investment projects

Vietnamese construction giants are expected to continue capitalizing on public investment projects for the remainder of this year after delivering strong performances in the third quarter, analysts say.

Companies - Sun, November 3, 2024 | 8:00 am GMT+7

Former Government Office chairman receives $7,900 bribe from property project

Former Government Office chairman receives $7,900 bribe from property project

Mai Tien Dung, former Minister-Government Office Chairman, received a bribe worth VND200 million ($7,900) from Nguyen Cao Tri, owner of the Dai Ninh eco-resort and urban area project in Lam Dong province.

Society - Sat, November 2, 2024 | 9:13 pm GMT+7

Thai food giant CP enters public-private partnership to promote food system transformation

Thai food giant CP enters public-private partnership to promote food system transformation

Thai-invested C.P. Vietnam Livestock JSC and the Partnership for Sustainable Agriculture Vietnam (PSAV) signed a memorandum of understanding Friday on working together to advance sustainable agriculture in the country.

Companies - Sat, November 2, 2024 | 7:16 pm GMT+7

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Central Vietnam province Quang Ngai to begin work on new VSIP industrial park next year

Vietnam’s central province of Quang Ngai will work with the investor to have construction of VSIP II Quang Ngai, a facility based on the Vietnam-Singapore Industrial Park (VSIP) model, begin in August 2025.

Industrial real estate - Sat, November 2, 2024 | 3:47 pm GMT+7

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

Vietnam likely to grow 6.5% in 2024-2025: VinaCapital

VinaCapital, among the biggest foreign-run asset managers in Vietnam, has forecast the country’s economy to achieve 6.5% growth in both 2024 and 2025, with the composition of the expansion to change to more domestically driven factors next year.

Economy - Sat, November 2, 2024 | 2:00 pm GMT+7

Major Vietnamese developer Novaland appoints new CEO

Major Vietnamese developer Novaland appoints new CEO

Duong Van Bac, who joined Novaland as chief financial officer in August 2023, has been appointed general director, starting Friday.

Companies - Sat, November 2, 2024 | 10:24 am GMT+7

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Vietnamese conglomerate Bamboo Capital posts 36-fold profit growth in Q3

Ho Chi Minh City-based Bamboo Capital Group recorded an after-tax profit of VND331.2 billion ($13.1 million) in the third quarter of 2024, an astounding 36-fold expansion year-on-year.

Southeast Asia - Sat, November 2, 2024 | 9:41 am GMT+7

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

ThaiBev to bag $54 mln from Sabeco’s upcoming dividend payout

Vietnam Beverage, wholly owned by Thai Beverage (ThaiBev) will rake in VND1,374 billion ($54.26 million) worth of dividend from Ho Chi Minh City-based top brewer Sabeco.

Companies - Sat, November 2, 2024 | 9:13 am GMT+7

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Steel heavyweight Hoa Phat pours over $2 bln into central Vietnam complex

Leading Vietnamese steelmaker Hoa Phat had invested more than VND52.5 trillion ($2.08 billion) in its Dung Quat Iron and Steel Integrated Complex (Dung Quat 2) in the central province of Quang Ngai as of Q3/2024.

Industries - Sat, November 2, 2024 | 8:00 am GMT+7

Vietnam becomes Australia’s fastest-growing inbound market

Vietnam becomes Australia’s fastest-growing inbound market

The number of Vietnamese tourists to Australia has grown significantly after the Covid-19 pandemic, with nearly 178,000 reported in the 12 months to August 2024, according to a Friday press release by the Australian Minister for Trade and Tourism’s Office.

Southeast Asia - Fri, November 1, 2024 | 10:02 pm GMT+7