Vingroup proposes metro line linking downtown HCMC, outlying district

By Vietnam News Agency
Fri, March 21, 2025 | 10:04 pm GMT+7

Vietnam’s leading private corporation Vingroup has summited a proposal to the Ho Chi Minh City People's Committee for a metro line connecting the city downtown and the outlying Can Gio district.

Ho Chi Minh City's Metro Line No.1. Photo courtesy of VNA.

Ho Chi Minh City's Metro Line No.1. Photo courtesy of VNA.

The proposed urban railway will span 48.5km, running from Nguyen Van Linh street in District 7 to a 39 ha land plot adjacent to the Can Gio sea encroachment tourism – urban area.

The double-track elevated railway with 1,435 mm-g auge infrastructure is designed for speeds of up to 250 km per hour. Once operational, the system will be able to transport between 30,000 and 40,000 passengers per hour in each direction.

A notable feature of the project is a combined rail and road bridge spanning the Soai Rap River. The plan includes two maintenance depots, one in District 7 and another in Can Gio district.

Vingroup has proposed developing the project through a public-private partnership using a build-own-operate (BOO) contract model. Under this arrangement, the conglomerate will finance construction through its own capital and legally permitted funds, own the line, and handle its operations after completion.

The investment preparation phase is scheduled to begin in 2025, including conducting a pre-feasibility study, securing regulatory approvals, and implementing site clearance.

Construction will commence in 2026-2027 while testing and project handover are slated for 2028.

Comments (0)
  • Read More
Operation of Vietnam's retail giant Petrolimex 'still normal' despite CEO suspension

Operation of Vietnam's retail giant Petrolimex 'still normal' despite CEO suspension

Petrolimex is operating normally despite the Ministry of Finance's (MoF) recent "temporary suspension" of its CEO Dao Nam Hai, says a corporate representative.

Companies - Fri, May 9, 2025 | 2:02 pm GMT+7

Bien Hoa Consumer, UOB Venture Management sign strategic partnership for sustainable growth

Bien Hoa Consumer, UOB Venture Management sign strategic partnership for sustainable growth

Bien Hoa Consumer Joint Stock Company (BHC), a core subsidiary of TTC AgriS (AgriS, HoSE: SBT), has announced the successful completion of a strategic fundraising round from UOB Venture Management Pte Ltd (UOBVM) managed funds.

Companies - Fri, May 9, 2025 | 2:01 pm GMT+7

Retailers, restaurateurs flee HCMC street spaces as rents bite

Retailers, restaurateurs flee HCMC street spaces as rents bite

A wave of restaurants and retail chains abandoning their street spaces despite healthy business signals relentless retail rent hikes in Ho Chi Minh City, with no end in sight.

Real Estate - Fri, May 9, 2025 | 11:07 am GMT+7

US tariff shock sharply reduces global container shipping orders: Phaata CEO

US tariff shock sharply reduces global container shipping orders: Phaata CEO

The tariff shock from the U.S. and China has caused a sharp decline in container shipping orders, forcing businesses to re-evaluate their entire global supply chain strategies.

Economy - Fri, May 9, 2025 | 8:17 am GMT+7

Malaysian eyes global hub for advanced chip industry

Malaysian eyes global hub for advanced chip industry

Malaysia is rapidly emerging as a preferred destination for high-value investments in the semiconductor sector, Prime Minister Anwar Ibrahim said at the launch of the East Coast Rail Link (ECRL) operations and maintenance training program.

Southeast Asia - Thu, May 8, 2025 | 10:53 pm GMT+7

Indonesia faces challenge of boosting labour productivity

Indonesia faces challenge of boosting labour productivity

Despite being in a demographic golden period, Indonesia continues to struggle with low labor productivity, prompting calls for clear and sustainable reforms.

Southeast Asia - Thu, May 8, 2025 | 10:49 pm GMT+7

Singapore, EU ink digital trade agreement

Singapore, EU ink digital trade agreement

Singapore and the EU on May 7 signed a landmark Digital Trade Agreement (DTA) to provide greater clarity and legal certainty for consumers and businesses on both sides to transact online more seamlessly.

Southeast Asia - Thu, May 8, 2025 | 10:46 pm GMT+7

Initiative to position Malaysia as Southeast Asia’s digital hub

Initiative to position Malaysia as Southeast Asia’s digital hub

Malaysia is positioning itself as Southeast Asia's digital hub through its digital agenda program, a move aligned with the nation's transition towards a high-technology economy.

Southeast Asia - Thu, May 8, 2025 | 5:45 pm GMT+7

Central Vietnam province proposes including geothermal power project in national power plan

Central Vietnam province proposes including geothermal power project in national power plan

Authorities of Binh Dinh province have proposed the Ministry of Industry and Trade include the 15-megawatt Hoi Van geothermal power plant project in the revised National Power Development Plan VIII (PDP8).

Energy - Thu, May 8, 2025 | 4:56 pm GMT+7

Vietnam firms vow to intensify cooperation with US partners, facilitate country trade talks

Vietnam firms vow to intensify cooperation with US partners, facilitate country trade talks

Major Vietnamese enterprises have committed to intensifying cooperation with U.S. partners from now until June 2025 to realize signed agreements and MoU, paving the way for trade talks with the U.S.

Economy - Thu, May 8, 2025 | 4:19 pm GMT+7

Phu My Fertilizer becomes main sponsor of Vietnam Women’s Volleyball Team

Phu My Fertilizer becomes main sponsor of Vietnam Women’s Volleyball Team

PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo – Phu My) has become the main sponsor of the Vietnam Women’s Volleyball Team, the firm announced in a Wednesday release.

Companies - Thu, May 8, 2025 | 4:15 pm GMT+7

AES earns $12 mln in Q1 pre-tax income from coal-fired power plant in Vietnam

AES earns $12 mln in Q1 pre-tax income from coal-fired power plant in Vietnam

U.S.-based energy giant AES Corporation earned a pre-tax income of $12 million from the Mong Duong 2 coal-fired power plant in Vietnam’s northern province of Quang Ninh in the first quarter of this year.

Companies - Thu, May 8, 2025 | 3:33 pm GMT+7

Vietnam insurer Pjico stock plummets amid insurance sector gains

Vietnam insurer Pjico stock plummets amid insurance sector gains

Petrolimex Insurance Corporation (Pjico) saw its stock (HoSE: PGI) tumble nearly 6% on Wednesday, which contrasts with the broader insurance sector which posted solid gains of 1.77%, second only to telecommunications (2.54%).

Companies - Thu, May 8, 2025 | 3:21 pm GMT+7

Vietnam tech unicorn VNG reports loss for 7th straight quarter

Vietnam tech unicorn VNG reports loss for 7th straight quarter

VNG Corporation, Vietnam’s first tech unicorn, recorded a post-tax loss of VND15 billion ($577,723) in Q1, marking the seventh consecutive quarterly loss, according to its Snapshot Q1/2025.

Companies - Thu, May 8, 2025 | 12:01 pm GMT+7

Vietnam's government bond auctions raise $1.62 bln in April

Vietnam's government bond auctions raise $1.62 bln in April

The Hanoi Stock Exchange (HNX) held 20 government bond auctions on the primary market in April, raising over VND42.42 trillion ($1.62 billion), the bourse reported.

Finance - Thu, May 8, 2025 | 8:32 am GMT+7

Malaysia’s investment growth in 2025 faces challenges

Malaysia’s investment growth in 2025 faces challenges

In the context of global trade uncertainty, Malaysia may not achieve a hat-trick in approved investments this year after two straight years of record-high numbers.

Southeast Asia - Wed, May 7, 2025 | 10:59 pm GMT+7