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
Indonesia to end incentives for imported CBU BEVs in 2026
The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.
Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7
Aquatic sector advised to navigate challenges, secure exports to EU, US
Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.
Companies - Tue, September 16, 2025 | 9:41 pm GMT+7
Vietnam pledges favorable conditions for UK businesses
Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.
Companies - Tue, September 16, 2025 | 9:29 pm GMT+7
Lotte Shopping plans to open more shopping malls in Vietnam
South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.
Companies - Tue, September 16, 2025 | 9:25 pm GMT+7
Vietnam ratifies WTO Agreement on Fisheries Subsidies
Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.
Companies - Tue, September 16, 2025 | 9:21 pm GMT+7
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7