Private firm proposes investment in 47-km metro line

Sovico Group, a founding shareholder of budget aiarline Vietjet Air, has proposed an investment in HCM City’s Metro Line No. 4, which stretches 47km from Hóc Môn District to Nhà Bè District.

 

Passengers wait for trains at Thảo Điền station on HCM City's first metro line, linking Bến Thành Market in District 1 and Tiên Theme Park in Thủ Đức City. — VNA/VNS Photo

HCM CITY — Sovico Group, a founding shareholder of budget airline Vietjet Air, has has put forward a proposal to invest in HCM City’s metro line No 4, a 47km route linking Hóc Môn District to Nhà Bè District.

In its submission to the municipal People’s Committee, Sovico Group outlined plans to leverage its financial resources for research and investment in the metro line, connecting Đông Thạnh in Hóc Môn District with Hiệp Phước Industrial Park in Nhà Bè District.

With assets exceeding VNĐ187 trillion (over US$7 billion) and a workforce of more than 40,000 employees, Sovico Group is a key player across multiple industries, including finance, aviation, real estate, and technology.

It is also a major shareholder in private lender HDBank.

Earlier, Vingroup has proposed an investment for another metro line that will connect District 7 to Cần Giờ District, measuring over 48.5km in length, utilising its corporate funds.

HCM City’s first metro line, which spans 19.7km from Bến Thành Market in District 1 to Suối Tiên Theme Park in Thủ Đức City, commenced operations on last December, marking a historic milestone in its development of urban transportation after 12 years of construction.

Việt Nam’s largest city aims to develop 10 metro routes covering a total of over 510km by 2045. — VNS 

  • Share:

see also

VNs overseas investment increases by 2.3 times in the first five months

VN’s overseas investment increases by 2.3 times in the first five months

Việt Nam’s overseas investment totalled US$317.3 million in the first five months of this year, 2.3 times higher than the same period last year, latest s from the General Statistics Office (GSO) revealed.
Public investment disbursement estimated at 7.65 billion in five months

Public investment disbursement estimated at $7.65 billion in five months

Việt Nam’s public investment is showing strong results, with VNĐ199.33 trillion (US$7.65 billion) disbursed by 31 May 2025, reaching 22.2 per cent of the yearly plan and 24.1 per cent of the Prime Minister’s target.
Foreign investment in Việt Nam surges in five months

Foreign investment in Việt Nam surges in five months

Experts highlight that foreign investment contributes to GDP growth through three main channels - increasing capital accumulation, facilitating technology transfer and enhancing management efficiency and production organisation.
Legal issues stall thousands of projects, hindering growth

Legal issues stall thousands of projects, hindering growth

At the 9th session of the 15th National Assembly, the Government reported 2,200 projects across the country are on hold, involving nearly VNĐ5.9 quadrillion (US$235 billion) and more than 347,000 hectares of land.
‘Not business as usual: Việt Nam urged to fast-track innovation drive

‘Not business as usual’: Việt Nam urged to fast-track innovation drive

Leading scientists are calling for heavy investment in core technologies as part of Việt Nam’s push to build a robust innovation ecosystem under Resolution 57.