The Business Times
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Ho Chi Minh City launches first metro line, plans to fast track 7 more by 2035

Vietnam’s southern metropolis eyes bond issuances to partially fund upcoming projects with less reliance on official development assistance

Jamille Tran

Published Sun, Dec 22, 2024 · 11:19 AM
    • An underground metro station at District 1. The line is funded primarily through Japan’s official development assistance.
    • An underground metro station at District 1. The line is funded primarily through Japan’s official development assistance. PHOTO: JAMILLE TRAN, BT

    [HO CHI MINH CITY] Vietnam’s southern metropolis Ho Chi Minh City marked a major milestone in its long-awaited mass transit development on Sunday (Dec 22), with the official launch of its first metro line after a six-year delay.

    The Ben Thanh-Suoi Tien section, or Metro Line No 1, is the first of eight planned routes that will form a comprehensive mass transit system for Vietnam’s largest and most populous city.

    This marks the country’s third metro line, following the first two in the capital, Hanoi.

    Ho Chi MinhAseanAsean BusinessVietnamhigh-speed railway

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More