HCMC to develop compact cities around metro lines, Ring Road 3
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.
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.
- Read More
Vietnam’s army-backed construction firm proposes 14 offshore wind power projects
Lung Lo Construction Corporation (LLC), under the Ministry of National Defense, has submitted investment proposals for 14 offshore wind power projects with a combined capacity of 9,000 MW.
Energy - Thu, August 7, 2025 | 5:07 pm GMT+7
Vietnam's agri major Hoang Anh Gia Lai fined for bond information disclosure failure
Vietnam's agri major Hoang Anh Gia Lai JSC has been fined VND92.5 million ($3,528) for failing to disclose bond-related information as required by law.
Companies - Thu, August 7, 2025 | 4:31 pm GMT+7
Northern Vietnam province accelerates $2.2 bln LNG-to-power project
Quang Ninh province will hand over 4.9 hectares of reclaimed land to the Quang Ninh LNG-fuelled power plant project before August 11, local authorities stated at a meeting on Wednesday.
Energy - Thu, August 7, 2025 | 4:17 pm GMT+7
Vietnam's seafood firms ride profit wave ahead of US tariff hike
Vietnam’s seafood companies reported surging profits in Q2/2025, driven by importers ramping up purchases ahead of new U.S. reciprocal tariffs.
Economy - Thu, August 7, 2025 | 2:21 pm GMT+7
Le Anh Tuan appointed new CEO of Dragon Capital Vietfund Management JSC
Dragon Capital Group, Vietnam's largest asset manager, has appointed Le Anh Tuan as CEO of its arm Dragon Capital Vietfund Management Joint Stock Company (DCVFM), starting from October 1, 2025.
Companies - Thu, August 7, 2025 | 2:01 pm GMT+7
Indonesia, Malaysia, Thailand expand local currency transaction network
Bank Indonesia, Bank Negara Malaysia, and Bank of Thailand have added new Appointed Cross Currency Dealer (ACCD) participating banks to broaden services for bilateral transactions in local currencies across the three nations, Bank Indonesia said in a statement on Tuesday.
Southeast Asia - Thu, August 7, 2025 | 12:48 pm GMT+7
ASEAN to sign MoU on regional power grid implementation
ASEAN member states are set to sign an MoU on the implementation of the ASEAN Power Grid during the bloc’s Energy Ministers’ Meeting this October.
Southeast Asia - Thu, August 7, 2025 | 12:43 pm GMT+7
Vietnam overtakes Thailand to become world's second-largest rice exporter
Vietnam has outranked Thailand as the world’s second-largest rice exporter in the first half of 2025, Thai PBS reported on August 3, citing the Thai Rice Exporters Association.
Companies - Thu, August 7, 2025 | 12:41 pm GMT+7
Vietnam posts trade surplus of $10.18 bln in 7 months
Vietnam’s export earnings grew by 14.8% to $262.44 billion in the first seven months of this year, while its import turnover rose by 17.9% to $252.26 billion, resulting in a trade surplus of $10.18 billion.
Economy - Thu, August 7, 2025 | 12:19 pm GMT+7
Malaysia pledges big purchases, investments with US
Malaysia has agreed to buy and invest over $240 billion (MYR1.02 trillion) in the U.S. to help reduce the trade gap between the two countries.
Southeast Asia - Thu, August 7, 2025 | 12:08 pm GMT+7
Vietnam's leading property developer Novaland to issue 152 mln shares to settle $229 mln debt
Novaland, a major real estate developer in Vietnam, plans to issue nearly 152 million new shares to swap more than VND6 trillion ($228.8 million) worth of bond principal.
Companies - Thu, August 7, 2025 | 10:11 am GMT+7
Vietnam's FDI capital disbursement hits five-year record high despite US tariff turmoil
Disbursed foreign direct investment (FDI) capital in Vietnam reached $13.6 billion in Jan-July, up 8.4% year-on-year, despite U.S. tariff concerns.
Economy - Thu, August 7, 2025 | 9:57 am GMT+7
Malaysia steps up efforts to explore nuclear energy potential
Malaysia’s Minister of Science, Technology and Innovation Chang Lih Kang on Wednesday reaffirmed his ministry’s commitment to enhancing cooperation with the Ministry of Energy Transition and Water Transformation (PETRA) in exploring the potential of nuclear energy.
Southeast Asia - Thu, August 7, 2025 | 8:10 am GMT+7
Indonesia's economy grows faster than expected
Indonesia's economy expanded by 5.12% year-on-year in Q2/2025, up from 4.87% in the previous quarter, exceeding the forecasts of many economic organizations, which had previously projected a rate of less than 5%, according to Statistics Indonesia (BPS).
Southeast Asia - Thu, August 7, 2025 | 8:07 am GMT+7
Philippine energy group eyes investment in Vietnam’s power sector
AboitizPower wants to invest in Vietnam’s electricity industry, especially in transmission infrastructure, said Danel Aboitiz, executive director of the corporation.
Energy - Wed, August 6, 2025 | 11:11 pm GMT+7
Vietnam seeks 8.3-8.5% economic expansion for 2025
The Government has requested the State Bank of Vietnam to proactively adjust the credit growth aim for this year in line with a GDP expansion target of 8.3-8.5%.
Economy - Wed, August 6, 2025 | 10:41 pm GMT+7