Ho Chi Minh City's 4 key projects with a total combined  investment capital estimated at over VND42 trillion (about $1.67 billion) will commence in 2025, according to the Ho Chi Minh City People's Committee Office.

The four projects include Ring Road 2, Nguyen Khoai Bridge and Road, the Xuyen Tam Canal Renovation, and the North Bank of Doi Canal Improvement.

The Nguyen Khoai Bridge and Road project, which has a total length of 5 km, connecting District 7, District 4, and District 1, requires a total investment capital of over VND3.7 trillion (nearly $147 million),

For Ring Road 2, the southern city will implement two sections through Thu Duc City, including Section 1 from Phu Huu Bridge to Vo Nguyen Giap Road, 3.5 km long, and Section 2 from Vo Nguyen Giap Road to Pham Van Dong Road, 2.8 km long, with total investment capital estimated at approximately VND13.8 trillion ($548 million). It is expected to commence in Q3/2025 and be completed in 2027.

The Xuyen Tam Canal Renovation project has a total investment of VND17.2 trillion (nearly $683 million), of which VND14 trillion (over $555 million) is for compensation and site clearance. The canal is 9 km long (passing through Binh Thanh and Go Vap districts), affecting 2,215 households.

The North Bank of Doi Canal Improvement project (District 8) with a total investment of VND7.4 trillion (nearly $294 million) is expected to commence in Q3/2025 and be completed in 2028.

Source: VnEconomy