Billionaire Nguyen Thi Phuong Thao's conglomerate wants to invest in a 47.3 km metro line in Ho Chi Minh City.

Sovico Group Joint Stock Company has proposed that the Ho Chi Minh City People's Committee study the investment in Metro Line 4, approximately 47.3 km long, including over 25 km underground and nearly 22 km elevated, with 37 stations.

Vice Chairman of the Ho Chi Minh City People's Committee, Bui Xuan Cuong, assigned the Department of Finance to take the lead, in coordination with the Department of Construction and other relevant units, in reviewing the proposal from Sovico Group Joint Stock Company regarding the investment study for Metro Line 4, which is over 47.3 km long, connecting Dong Thanh (Hoc Mon) to Hiep Phuoc Urban Area (Nha Be). This consultation and review must be completed before June 15th.

Previously, on June 2nd, Sovico Group Joint Stock Company - a founding shareholder of Vietjet Air, with billionaire Nguyen Thi Phuong Thao as Vice Chairman - submitted a proposal to the Ho Chi Minh City People's Committee requesting permission to research and invest in Metro Line 4.

Map of Metro Line 4.

Sovico stated that the city has issued a plan to invest in 355 km of metro lines from now until 2035, in accordance with Resolution No. 188/2025/QH15 of the National Assembly on piloting some specific mechanisms and policies, especially for the development of the urban railway network system in Ho Chi Minh City and Hanoi .

"With its experience, investment capacity, and strong financial resources, the Group is eager to contribute to infrastructure development and the socio -economic development of Ho Chi Minh City and the southern part of the city in particular in the future."

"Through research and surveys, Sovico Group submits to the Ho Chi Minh City People's Committee for consideration and approval to allow the Group to research investment in Metro Line 4 (Dong Thanh - Hiep Phuoc Industrial Park)," Sovico's proposal stated.

According to the proposal, Metro Line 4 will follow this route: Dong Thanh (Hoc Mon District) - Thanh Xuan - Ha Huy Giap (District 12) - Nguyen Oanh - Nguyen Kiem (Go Vap) - Tan Son Nhat T1 and T2 stations - Truong Son (Tan Binh) - Nguyen Van Troi - Nhieu Loc Canal (Phu Nhuan) - Hai Ba Trung - Pasteur (District 3) - Ben Thanh - Nguyen Thai Hoc (District 1) - Ton Dan (District 4) - Nguyen Huu Tho (District 7).

After passing the Ho Chi Minh City Ring Road 3 interchange, this metro line will follow the newly opened road - Hiep Phuoc Urban Area (Nha Be).

The total length of the line is approximately 47.3 km, of which more than 25 km is underground and nearly 22 km is elevated. The entire line has 37 stations (21 underground stations, 16 elevated stations), along with one depot in Dong Thanh and one depot in Hiep Phuoc.

Sovico has not yet mentioned the total investment amount for the project in the document.

In the southern part of Ho Chi Minh City, in addition to Metro Line 4, Vingroup has also proposed investing in another metro line connecting District 7 to Can Gio. (Photo: M. Quynh)

The corporation stated that as soon as it receives permission from the Ho Chi Minh City People's Committee to conduct investment research, it will establish a new legal entity to implement the project and, together with foreign experts in finance, business, architectural planning, transportation infrastructure, and technical infrastructure, as well as consultants and partners, immediately begin finalizing investment research proposals as soon as possible.

In addition, the company will also plan for resources, human resources, and partnerships with construction contractors and business operation management units... ready to invest in the project and quickly bring it into operation according to the city's plan.

Besides being a founding shareholder of Vietjet, Sovico is also the main shareholder of HDBank with total assets of nearly 800,000 billion VND...

Ha Linh

Source: https://vtcnews.vn/tap-doan-cua-ty-phu-nguyen-thi-phuong-thao-muon-dau-tu-metro-47-3-km-o-tp-hcm-ar947622.html