An elevated section of HCM City’s Ben Thanh – Suoi Tien metro line runs along Hanoi Highway. (Photo: VNA)
HCMCity (VNA) - The Government has guaranteed sufficient capital forHo Chi Minh City’s No1 Metro project linking Ben Thanh Market and Suoi TienTheme Park, according to Tran Vinh Tuyen, deputy chairman of the municipalPeople’s Committee.
The project construction is now on schedule, hesaid.
The No 1 Metro project is one of the eight metrolines of HCM City Metro project managed by the city’s Management Authority forUrban Railways.
The project includes four major bidding packagesusing ODA (Official Development Assistance) and funds from Japan InternationalCooperation Agency (JICA).
HCM City Metro project was the first proposed in2001 as part of a comprehensive public transport plan for HCM City andneighbouring provinces to mitigate traffic congestion.
It also includes three monorail lines with atotal length of 37km and six partly underground metro routes running a total of107km from Ben Thanh to Suoi Tien, Ben Thanh to Tham Lương, Ben Thanh to BinhTan, Lang Cha Ca to Van Thanh, Thu Thiem to Can Giuoc, and Ba Queo – Phu Lam.
Ben Thanh will be a hub connecting all thelines.
The PM agreed with the city authorities toapprove project adjustments in August 2011. After investment costs werere-calculated by consulting agencies, costs increased to more than 47.3trillion VND (2.1 billion USD).
According to the People’s Committee, the cityhas signed three loan agreements worth 31.2 trillion VND (1.37 billion USD), ofwhich 11.93 trillion VND (525 million USD) has been disbursed.
The No 1 Metro project construction hascompleted 48 percent of its target.
The first bidding package No 1A includesunderground stations near the Opera House, while Ba Son in District 1 has completed57 percent.
The second bidding package No 2 from Ba Son toLong Binh Depot in District 9 has completed 74 percent.
The project’s above-ground construction isprogressing quickly along the Hanoi Highway, where it runs from the SaigonBridge to Suoi Tien Park in District 9. – VNA
Ho Chi Minh City has asked the Government for an additional 800 million USD for the metro No 2 line from Ben Thanh to Tham Luong to serve design changes and permission to delay completion until 2024.
Ho Chi Minh City has approved the extension of the city’s first metro route, which links Ben Thanh Market with Suoi Tien Theme Park in District 9, to the neighbouring provinces of Binh Duong and Dong Nai.
Ho Chi Minh City’s authorities have proposed increasing capitalisation for the city’s first two metro lines as the projects continue to face a capital shortage.
The Spanish Government pledges to provide financial assistance for Ho Chi Minh City to develop one more metro line, said an official from Spain’s Ministry of Economy, Industry and Competitiveness (MEIC).
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
An elevated section of HCM City’s Ben Thanh – Suoi Tien metro line runs along Hanoi Highway. (Photo: VNA) 
