A train for HCM City Metro Line No. 1 is received in October last year. The city is planning to call for foreign investment for seven projects, including four metro lines. (Photo: VNA)
HCMCity (VNS/VNA) - HCM City is seeking foreign investment over thenext five years for seven major projects, including four♓ m✨etro lines.
The projects include the second phase of the Metro Line No. 2,which connects Ben Thanh market with Thu Duc district’s Thu Thiem ward andTham Luong to Tay Ninh bus station in Cu Chi district. The second construction phase will be 9.1 kilometres inlength and cost around 1.4 billion USD. It will help connect the city’snorthwestern regions to its centre, as well as connect the Thu Thiem railwayline to the future Long Thanh Airport in Dong Nai province. The second project, Metro Line No. 3A (Ben Thanh – Tan Kien),is 19.5 kilometres long and costs 1.8 billion USD. It will connect tometro lines at the upcoming Ben Thanh Station in District 1 to transporttravelers from the city centre to southwest provinces. The third is Metro Line No.4 (Thanh Xuan – Hiep Phuoc IndustrialPark), which is 36.2 kilometres long and costs over 4.5 billion USD.It will run across the city’s urban areas and Ben Thanh. The last line is the first phase of Metro Line No. 5 (Bay Hienintersection – Sai Gon Bridge), which is nearly 9 kilometres and will cost over1.7 billion USD. This line was among the metro lines prioritised forinvestment in 2012 – 2015 and 2016 – 2020, but was unsuccessful inattracting investment. For this metro line, the city wants to work withgovernmental organisations with official development assistance funds, largecorporations, and traffic infrastructure investors that are financially andtechnologically capable. Three other projects include Thu Thiem financial centre, acentre for conferences, exhibitions, hotel and commercial services, and aRach Chiec Sport Complex, all of which are to be built in Thu Duc district. The project proposal is part of a report on national projects tocall for FDI, which the city People’s Committee has recently submitted to theMinistry of Planning and Investment. The city has been facing challenges findinginvestment in such traffic projects because investors do not seethe benefits of investing in the projects or are hesitant to investbecause they are all done on a massive scale and require a vast amount ofcapital. Regulations on private – public partnership investmentin traffic and railway projects still contain some weaknesses, accordingto the city./.
Ho Chi Minh City’s authorities are drafting design and construction plans for urban areas along the first metro route, which is slated to become operational at the end of 2021.
Thirty trains and other related components of Hanoi’s Cat Linh-Ha Dong urban railway have been completely assessed and obtained a certification for technical safety and environmental protection.
The Ho Chi Minh City People's Committee has urged the city’s Management Authority for Urban Railways (MAUR), the Management Board for Traffic Works Construction and Investment and relevant agencies to speed up implementation of the first bus rapid transit route (BRT No 1), which will connect with Metro Line No 1.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
A train for HCM City Metro Line No. 1 is received in October last year. The city is planning to call for foreign investment for seven projects, including four metro lines. (Photo: VNA) 
