Major traffic projects to revitalize HCMC

By Tuong Thuy
Thu, April 28, 2022 | 8:12 am GMT+7

The newly debuted Thu Thiem 2 Bridge over Saigon River and Trung Luong - My Thuan Expressway are winds of change to the transport landscape in Ho Chi Minh City, Vietnam's business hub.

Thu Thiem 2 Bridge, which spans Saigon River in the megacity to connect downtown District 1 with Thu Duc city on the outskirts, opened to traffic on Thursday following seven years of construction.

The Thu Thiem 2 Bridge in Ho Chi Minh City's center. Photo courtesy of the government’s portal.

The Thu Thiem 2 Bridge in Ho Chi Minh City's center. Photo courtesy of the government’s portal.

Work on the VND3.1 trillion ($134.9 million) bridge started in 2015, originally scheduled for completion in 2018, but funding and site clearance issues, together with social distancing due to the pandemic, had caused construction progress to drag on for four more years.

The cable-stayed, six-lane bridge is more than 1.4-kilometers long, with the length without access roads 886 meters and the main tower 113 meters high. The bridge is designed with a lifespan of 100 years and to withstand a magnitude 7 earthquake.

HCMC plans to build four bridges named Thu Thiem 1, 2, 3, and 4 over Saigon River to connect Thu Thiem Peninsula with downtown areas. The first two are already in service, while Thu Thiem 3 and 4 to be built before 2030 as planned. Thu Thiem Tunnel under the river opened to traffic in 2011.

On Wednesday, the Trung Luong – My Thuan Expressway, part of the only expressway connecting HCMC to the Mekong Delta, totally opened to traffic. The new 50-km section starts from Tien Giang province’s Chau Thanh district, which is the end of the HCMC – Trung Luong Expressway and ends in the province’s Cai Be district, connecting to National Highway 30.

The total investment for the new part with four lanes is more than VND12 trillion ($523.5 million). The new way partially opened to traffic for the Lunar New Year holiday in 2021 and 2022 to ease traffic pressure on other roads across Mekong Delta.

With both HCMC – Trung Luong and Trung Luong – My Thuan expressways in service, the travel time by car between HCMC and Tien Giang is cut to one hour 45 minutes from three hours previously.

On Tuesday, HCMC authorities opened to traffic the parallel route to Vo Van Kiet Boulevard, from its intersection with Nguyen Thai Hoc street to its intersection with Pasteur street in District 1. The total length is 670 meters, with two lanes. About $3 million in all was spent on the project.

On the same day, Dang Thuc Vinh street in Hoc Mon district opened to the public after upgrades, which made the 5.3-kilometer-long road a 30-meter-wide street. The upgrade project cost $30 million.

Comments (1)
  • Read More
FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx forms strategic tie-up with Viettel Post in push for Vietnam expansion

FedEx Express and Viettel Post, an arm of Vietnam's military-run telecom giant Viettel, have announced a strategic partnership with a view to strengthening nationwide delivery capabilities and enhance cross-border logistics connectivity.

Companies - Wed, May 6, 2026 | 5:16 pm GMT+7

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Van Phu Invest, T&T Group exit Hanoi’s $27 bln Red River megaproject consortium

Two more developers, Van Phu Invest and T&T Group, have withdrawn from the investor consortium for Hanoi’s Red River Scenic Boulevard project, leaving a three-member group to pursue the plan.

Real Estate - Wed, May 6, 2026 | 3:10 pm GMT+7

Gemadept eyes integrated maritime group expansion

Gemadept eyes integrated maritime group expansion

Gemadept is shifting strategy toward becoming an integrated maritime logistics group, as the company embarks on a new expansion cycle focused on shipping and inland waterway transport.

Companies - Wed, May 6, 2026 | 2:39 pm GMT+7

Five notable trends in Vietnam’s industrial real estate

Five notable trends in Vietnam’s industrial real estate

FDI inflows remain central to driving demand for industrial real estate. However, the trend is shifting - from a focus on processing and assembly toward high-tech manufacturing, research and development, writes Phung Xuan Minh, chairman of Saigon Ratings.

Industrial real estate - Wed, May 6, 2026 | 12:45 pm GMT+7

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Middle East revenue share limited, impact manageable: top seafood exporter Vinh Hoan

Vinh Hoan Corporation's revenue exposure to the Middle East remains limited, helping shield the company from geopolitical tensions in the region, said its chairwoman Truong Le Khanh.

Companies - Wed, May 6, 2026 | 11:11 am GMT+7

Banks should cut lending rates to lowest possible level: Deputy PM

Banks should cut lending rates to lowest possible level: Deputy PM

Vietnam’s Deputy Prime Minister Nguyen Van Thang has called for lending rates to be reduced to the lowest possible level, with a focus on priority sectors to better support businesses and economic growth.

Banking - Wed, May 6, 2026 | 8:50 am GMT+7

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad plans to build 22,000 homes in Vietnam by 2035

Japan’s Nishi-Nippon Railroad, widely known as Nishitetsu, plans to develop 22,000 housing units in Vietnam by 2035 via a partnership with local developer Nam Long Investment Corporation (HoSE: NLG).

Real Estate - Tue, May 5, 2026 | 9:49 pm GMT+7

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam's tech unicorn VNG books record quarterly profit since 2022 listing

Vietnam’s tech unicorn VNG (UPCoM: VNZ) reported its highest quarterly profit since going public in 2022, as growth across core business segments and tighter cost controls lifted earnings in Q1/2026.

Companies - Tue, May 5, 2026 | 4:01 pm GMT+7

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam posts best quarterly profit in 3 years

Dragon Capital Vietnam (UPCoM: DCV) reported its strongest quarterly earnings in three years, driven by robust growth in investment advisory and asset management activities.

Companies - Tue, May 5, 2026 | 3:44 pm GMT+7

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex profit confusion rattles investors amid disclosure delay

Petrolimex, Vietnam's biggest gasoline retailer by market share, has come under scrutiny after delays and conflicting signals around its Q1/2026 earnings triggered sharp swings in its shares, highlighting risks for investors amid information gaps.

Companies - Tue, May 5, 2026 | 3:24 pm GMT+7

Intel shifts data center chip production line to Vietnam

Intel shifts data center chip production line to Vietnam

Intel is relocating a production line for data center chips from Costa Rica to its Vietnam facility, reinforcing the Southeast Asian country’s role in the giant's global supply chain.

Industries - Tue, May 5, 2026 | 1:01 pm GMT+7

PVS Q1 profit rises 45%, warranty provisions surge

PVS Q1 profit rises 45%, warranty provisions surge

PetroVietnam Technical Services Corporation or PTSC (HNX: PVS), a subsidiary of state-owned Petrovietnam, reported a 45% increase in Q1 net profit for 2026, supported by the handover of several large projects, though a sharp rise in warranty provisions weighed on margin expansion.

Companies - Tue, May 5, 2026 | 11:42 am GMT+7

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

‘Vegetarian-fed pork’ brand owner BAF posts record quarterly profit

BAF Vietnam Agriculture JSC, known for its “vegetarian-fed pork” brand, reported a record net profit of VND206 billion ($7.82 million) in the first quarter of 2026, marking its highest quarterly earnings on record.

Companies - Tue, May 5, 2026 | 8:17 am GMT+7

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam shipyard arm's pre-tax profit surges over 10-fold

Petrovietnam Marine Shipyard JSC (PV Shipyard), a subsidiary of state-owned giant Petrovietnam, reported a strong first quarter of 2026, with revenue rising sharply and pre-tax profit increasing more than 10-fold year-on-year.

Companies - Mon, May 4, 2026 | 3:49 pm GMT+7

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam, Samsung Heavy Industries sign cooperation deal

Petrovietnam and Samsung Heavy Industries have signed an MoU to establish a cooperation framework in shipbuilding, energy industry, and related sectors.

Companies - Mon, May 4, 2026 | 2:11 pm GMT+7

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

Imprisoned entrepreneur, spouse hold over 6.3% stake in Vietnam private lender ACB

The combined stake held by imprisoned businessman Nguyen Duc Kien and his spouse in the Asia Commercial Bank (ACB) is valued at nearly VND7.62 trillion ($289.23 million), based on the ACB market price of VND23,500 ($0.89) per share last Wednesday.

Banking - Mon, May 4, 2026 | 1:10 pm GMT+7