Work on HCMC’s Ring Road 4 set to commence in 2025
The National Assembly, Vietnam's legislature, on Friday gave in-principle approval to the Ring Road 4 project in Ho Chi Minh City, with 99.09% of members in attendance voting in favor.
Phan Van Mai, Chairman of the National Assembly’s Financial and Economic Committee, speaks at a meeting on June 27, 2025. Photo by The Investor/Pham Thang.
The VND120.41 trillion ($4.7 billion) project, spanning about 159.31 kilometers with 10 sub-projects, will be implemented under the Public-Private Partnership (PPP) model via Build-Operate-Transfer (BOT) contracts.
It includes 16.7 kilometers in HCMC, 18.23 km in Ba Ria-Vung Tau province, 46.08 km in Dong Nai province, and 78.3 km in Long An province.
The project aims to build a strategic transportation corridor connecting the Southeast with the Southwest and Central Highlands regions of Vietnam.
It is expected to enhance logistics and cargo transport from industrial parks and urban areas to seaports and airports, as well as connect urban centers and industrial hubs across regions, thereby stimulating regional connectivity and socio-economic development in the Southern Key Economic Zone.
The project is set to break ground in 2025 and be completed and operational by 2029
According to Phan Van Mai, Chairman of the National Assembly’s Financial and Economic Committee, the project investment is to realize key Party and State policies to create a breakthrough in modernizing transport infrastructure.
The initial design follows updated expressway standards issued by the Ministry of Transport, requiring a minimum of four lanes (two in each direction) and continuous emergency stopping lanes.
The project will initially be constructed with four standard lanes, but land acquisition, compensation, and resettlement will be carried out based on eight-lane planning, ensuring long-term development potential.
Given the importance of Ring Road 4, authorities have exempted the project from the usual capital balance assessments as required under the Public Investment Law and the PPP Law.
The National Assembly’s Standing Committee has requested the Government to ensure adequate and timely funding throughout implementation to maintain the project’s schedule and quality.
At present, work is underway on VND75.4 trillion ($3.2 billion) Ring Road 3, running 76.3 kilometers through HCMC and the provinces of Dong Nai, Binh Duong, and Long An.
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