HCMC's first metro line officially operational after nearly 2 decades

By Dinh Nguyen, Minh Hue
Sun, December 22, 2024 | 2:17 pm GMT+7

The first urban railway line in Ho Chi Minh City, named Ben Thanh-Suoi Tien, officially started commercial operations on Sunday after nearly two decades of waiting.

A train on Ho Chi Minh City's Metro Line 1 (Ben Thanh-Suoi Tien). Photo by The Investor/Huy Tran.

A train on Ho Chi Minh City's Metro Line 1 (Ben Thanh-Suoi Tien). Photo by The Investor/Huy Tran.

The operation of Metro Line 1 marks an important milestone for the city's transport system and is a symbol of cooperation between Vietnam and Japan, said Bui Xuan Cuong, Vice Chairman of the municipal People's Committee.

“HCMC will continue to support contractors to resolve difficulties and complete remaining tasks so that the project can be fully operational in the shortest time possible. We will continue to prioritize urban railway projects to build a civilized, modern, and creative city,” he added.

Ito Naoki, Ambassador of Japan to Vietnam, said that this is the largest ODA loan project Japan has provided to Vietnam and is a symbol of the Japan-Vietnam cooperation relationship.

“Metro Line 1 will connect areas with high transport demand and create a significant shift in the mode of transportation by residents, from cars and motorcycles to urban railways,” he said.

In the first six months, the metro line will run from 5 a.m. to 10 p.m. daily, with trains departing every 8-12 minutes. Afterwards, the time will be from 5 a.m. to 11:30 p.m, with trains running every 5-10-15 minutes. The travel time from Ben Thanh Station to Suoi Tien Station is 29 minutes.

Metro Line 1 has a total investment of over VND43.7 trillion ($1.72 billion). The entire line is nearly 20 km long, running from Ben Thanh (District 1) to the Long Binh Depot (Thu Duc city).

It includes three underground stations and 11 elevated stations (Van Thanh, Tan Cang, Thao Dien, An Phu, Rach Chiec, Phuoc Long, Binh Thai, Thu Duc, High-Tech Park, Suoi Tien, and the new Eastern Bus Station).

The project was approved in 2007 but only officially began construction in 2012.

HCMC has plans for 220 km of metro lines with an investment of $25 billion. The network could reach 56.43 km at the cost of $8.85 billion by 2030.

The city's Ben Thanh-Tham Luong line (Metro Line 2), with an investment of VND47.89 trillion ($2.04 billion), is set to begin construction in 2025 and open to traffic in 2030.

The 11.04 km metro will feature 9.09 km of underground and 1.95 km of overground tracks. So far, 86.35% of site clearance has been completed for the project.

The city is drafting plans for Metro Line 3, connecting the Ben Thanh market with a high-tech healthcare zone; Metro Line 4 linking Thanh Xuan ward of District 12 and the Hiep Phuoc urban area; and Metro Line 5 joining the Bay Hien crossroads and Saigon Bridge.

Metro rides will be free for 30 days, starting from Sunday. From January 22, 2025, fares will be charged, VND7,000-20,000 ($0.8) for a one-way trip when paying in cash, and VND6,000-19,000 for non-cash payment, depending on the distance.

For daily tickets, the fare will be VND40,000 ($1.6) per person per day (unlimited trips on that day). For a 3-day ticket, it is VND90,000 per person (unlimited trips over the three days).

For monthly tickets, the fare is VND300,000 ($11.8) per person per month (unlimited trips in the month), while for students and pupils, it is VND150,000.

Comments (0)
  • Read More
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

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 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 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

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

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

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

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

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

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, US Embassy foster aviation-hospitality cooperation

Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.

Companies - Mon, September 15, 2025 | 9:54 pm GMT+7

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1

Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.

Companies - Mon, September 15, 2025 | 8:10 pm GMT+7

Central Vietnam to have new airport Mang Den

Central Vietnam to have new airport Mang Den

Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.

Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital

The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.

Economy - Mon, September 15, 2025 | 2:20 pm GMT+7

Agribank introduces sizable $4.17 bln preferential credit package

Agribank introduces sizable $4.17 bln preferential credit package

Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.

Companies - Mon, September 15, 2025 | 1:32 pm GMT+7

'Precious space' in Vietnam's monetary policy

'Precious space' in Vietnam's monetary policy

The Federal Reserve's continued cuts in 2025, with the most recent in September, are considered a valuable policy "space" for the State Bank of Vietnam (SBV) to maintain low interest rates to support growth without having to worry too much about exchange rates.

Economy - Mon, September 15, 2025 | 10:15 am GMT+7

Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS

Vietnam’s central bank sells $1.5 bln to stabilize currency: broker MBS

The State Bank of Vietnam (SBV) intervened in the foreign exchange market by selling approximately $1.5 billion via 180-day cancelable forward contracts from August 25-26, in an effort to ease pressure on the Vietnamese dong, according to a recent report by MB Securities (MBS).

Banking - Mon, September 15, 2025 | 8:04 am GMT+7

Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026

Hanoi aims to break ground on $11.4 bln Red River Boulevard & Landscape project by Jan 2026

A consortium of “tunnel king” Deo Ca Group and real estate developer Van Phu Invest has been assigned by the Hanoi People’s Committe to prepare an investment proposal for the VND300 trillion ($11.37 billion) Red River Boulevard & Landscape project.

Real Estate - Mon, September 15, 2025 | 7:55 am GMT+7