According to the plan, the metro network of Ho Chi Minh City is 510km long. From Resolution 188 of the National Assembly , Ho Chi Minh City will invest simultaneously and complete 355km in 10 years - Photo: CHAU TUAN
Vice Chairman of Ho Chi Minh City People's Committee Bui Xuan Cuong has just assigned the Department of Finance to preside over and coordinate with the Department of Construction and related units to consider the investment proposal for metro line No. 4 Dong Thanh (Hoc Mon) - Hiep Phuoc urban area of Sovico Group Joint Stock Company.
Research departments propose and advise the City People's Committee before June 15.
Is Sovico's potential strong?
In the proposal sent to the City People's Committee, Sovico Group affirmed that it is one of the leading private corporations in Vietnam, with nearly 30 years of construction and development.
Currently, Sovico Group with total assets of more than 187,000 billion VND is investing in more than 30 member enterprises, with a staff of more than 40,000 employees.
The Group operates in key areas of the economy such as finance - banking, aviation, real estate, digital transformation and technology, renewable energy... At the same time, it is a founding shareholder of Vietjet Air.
After more than 12 years of air transport operations, Vietjet is operating a fleet of 115 new and modern Airbus aircraft, operating more than 500 flights per day and has transported 210 million passengers.
Vietjet has ordered 400 narrow-body aircraft from Boeing and Airbus with a total value of 55 billion USD. Vietjet is also a listed company on the Ho Chi Minh City Stock Exchange and is one of the Vietnamese enterprises with large capitalization, aiming for green growth, net zero, and digital transformation.
In addition, Sovico Group is also the major shareholder of HDBank - the leading listed bank in Vietnam with total assets of nearly VND 800,000 billion; HD Saison is the third largest consumer finance company in Vietnam.
At the same time, it owns a chain of high-end resort hotels in many localities, participates in the development of smart urban areas, industrial parks, logistics and aviation infrastructure.
According to Sovico Group, Ho Chi Minh City has issued a plan to invest in 355km of metro from now until 2035 according to Resolution No. 188 on piloting a number of specific mechanisms and policies, especially developing the urban railway network system.
With its investment experience, capacity and financial potential, the group wants to contribute to the development of social infrastructure, urban infrastructure as well as contribute to the socio-economic development of the city in general and the South of the city in particular in the future.
Therefore, Sovico Group proposed that the City People's Committee approve the policy to allow it to participate in research and investment in metro line 4.
Scale of metro line 4
Metro line 4 direction in the overall metro network of Ho Chi Minh City - Photo: Ho Chi Minh City metro project
In terms of scale, metro line 4 has a total length of 47.3km. The project route is as follows: Dong Thanh (Hoc Mon) - Thanh Xuan - Ha Huy Giap - Nguyen Oanh - Nguyen Kiem - Tan Son Nhat T1, T2 stations - Truong Son - Nguyen Van Troi - Nhieu Loc canal - Hai Ba Trung - Pasteur - Ben Thanh - Nguyen Thai Hoc - Ton Dan - Nguyen Huu Tho after passing the intersection with Ho Chi Minh City Ring Road 3, following the newly opened road - Hiep Phuoc urban area.
As soon as the City People's Committee allowed access to investment research, Sovico Group affirmed that it would establish a new legal entity to implement the project. At the same time, together with leading foreign experts in the fields of finance, business, architectural planning, traffic infrastructure, leading consultants and professional partners... immediately start completing investment research projects and submit them to the City People's Committee and departments as soon as possible.
In addition, the group will plan resources, human resources with construction contractors and business management units... ready to deploy construction investment, quickly put the project into operation according to the plan set forth by the City.
"The Group hopes to receive approval from the City People's Committee and relevant departments so that the project can be quickly implemented, contributing to the overall socio-economic development of Ho Chi Minh City and the Southern area of the city," Sovico Group proposed.
Source: https://tuoitre.vn/tp-hcm-xem-xet-de-xuat-cua-tap-doan-ti-phu-nguyen-thi-phuong-thao-dau-tu-tuyen-metro-so-4-20250607153416152.htm
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