Utilities construction begins for second HCMC metro line

By Dang Kiet, Huong Dung
Fri, June 23, 2023 | 10:31 am GMT+7

The Management Authority for Urban Railways (MAUR) held a groundbreaking ceremony Thursday for utilities construction serving Ho Chi Minh City’s second metro line (Ben Thanh-Tham Luong).

Work on the first bidding package of the mega project is expected to be completed within 20 months, said MAUR deputy head Nguyen Quoc Hien.

He said the package’s first phase will include: the construction of water supply and drainage systems as well as 110kV high voltage transmission lines; and temporary relocation of medium and low voltage power and telecommunications facilities.

In the second phase, the contractor will permanently relocate medium and low voltage electricity and telecommunications works and make them underground, he added.

“The relocation aims to prepare clean ground for construction of the main works of the metro line, which is scheduled to be kicked off at the beginning of 2025 and put into operation by 2030,” Hien said.

A groundbreaking ceremony for utilities construction serving Ho Chi Minh City’s second metro line (Ben Thanh-Tham Luong) held June 22, 2023. Photo by The Investor/Van Quyen.

A groundbreaking ceremony for utilities construction serving Ho Chi Minh City’s second metro line (Ben Thanh-Tham Luong) held June 22, 2023. Photo by The Investor/Van Quyen.

The MAUR official also said that site clearance for the whole project has reached 86.69%, with five out of six districts (1, 10, 12, Tan Binh and Tan Phu) fulfilling 100% of the task.

Relevant units are making efforts to complete this work by the end of 2023, Hien said.

HCMC’s Metro Line No. 2 has a total investment of nearly VND47.9 trillion ($2.04 billion). Approved in 2010, the 11-kilometer metro project that runs from District 1 to District 12 will have 9.09 kilometers of underground and 1.95 kilometers of over ground tracks, starting at the Ben Thanh Depot, the city’s metro hub, and finishing at the Tham Luong Depot, passing nine underground stations and one elevated station.

Work on the metro line was set to start in 2022 and be completed in 2026. However, in addition to slow site clearance, the project has faced several problems related to signing appendices to the consulting contract that have led to extended delays in loan extensions, signing new loans from lenders and bidding for main packages.

Speaking at Thursday’s groundbreaking ceremony, HCMC Vice Chairman Bui Xuan Cuong noted that the southern economic hub plans eight metro lines with a total length of 220 kilometers and a total investment capital of more than $25 billion.

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 19.7-kilometer line has cost VND43.7 trillion ($1.89 billion), sourced from Japanese official development assistance (ODA) and Vietnamese counterpart funds.

The city is current drafting plans for Metro Line No. 3 connecting the Ben Thanh market with a high-tech healthcare zone; Metro Line No. 4 linking Thanh Xuan ward of District 12 and the Hiep Phuoc urban area; and Metro Line No. 5 joining the Bay Hien crossroads and Saigon bridge.

It is calling for ODA from foreign partners like JICA, ADB, KfW and EIB to fund the projects; and also offering the transit oriented development (TOD) model to attract needed resources.

Comments (0)
  • Read More
Halal market presents major opportunities for Vietnamese businesses

Halal market presents major opportunities for Vietnamese businesses

The global Halal market is projected to reach $5 trillion by 2030, with Malaysia alone expected to hit $113.2 billion, said Shariza binti Abdul Rasheed, Halal product manager at Maybank Malaysia.

Economy - Thu, August 7, 2025 | 9:18 pm GMT+7

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Steel major Hoa Phat to pour extra $130 mln into central Vietnam plant

Vietnam’s leading steelmaker, Hoa Phat Group (HoSE: HPG), will increase investment in its Dung Quat 2 iron and steel production complex by VND3.4 trillion ($129.7 million) as part of an expansion plan.

Industries - Thu, August 7, 2025 | 8:03 pm GMT+7

Vietnam’s army-backed construction firm proposes 14 offshore wind power projects

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 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

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 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

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

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 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 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 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 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

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

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 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 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