According to Dr. Architect Truong Van Quang, Deputy General Secretary of the Vietnam Urban Planning and Development Association (VUPDA), this billion-dollar infrastructure will bring Can Gio to the natural expansion component of the Ho Chi Minh City urban core and create strong changes in real estate value of Vinhomes Green Paradise.
The construction progress of more than 2 years is completely feasible
The Ben Thanh - Can Gio high-speed railway line, starting construction on December 19, is 53km long, with a design speed of 350 km/h, and a total estimated investment of VND 85,650 billion (about 3.3 billion USD). The starting point of the route is expected to be at 23/9 Park, the end point is at Vinhomes Green Paradise Can Gio coastal urban area.
VinSpeed (a member of Vingroup), the project investor, set a target of operation in the third quarter of 2028.
According to experts, this goal is completely feasible with current technology.
Japans modern standard is 4080 km/year, while Chinas reach is 200400 km/year. Therefore, VinSpeed's target of only 16 - 20 km/year is completely feasible, especially in terms of terrain, this route mainly runs on overpasses, without road intersections, much more convenient than projects running through crowded urban areas," an expert in the infrastructure field assessed.
Dr. Architect Truong Van Quang commented that this is a project of historical significance and can truly change the "growth map" of Ho Chi Minh City in the coming decades. According to him, the project will pull Can Gio into a development trajectory similar to an "Expanded Ben Thanh", eliminating the " suburban" prejudice when the connection time is only 13 minutes, faster than the travel time from Thu Thiem, Thao Dien or Phu My Hung to the center.
Change in access time like this always leads to strong changes in economy, urban areas, population and real estate value, VUPDA Deputy General Secretary shared on the sidelines of the Workshop Marching towards the sea with ESG+ super urban areas: Sustainable investment strategy held on November 28.
The Ring Road of the Century for Can Gio Real Estate to take off
Going into the analysis, the expert believes that the high-speed railway line is the "key to the century" opening a new era of development for Can Gio, and especially the ESG++ Vinhomes Green Paradise super urban area. The first impact is expanding the opportunities for the model of "living in Can Gio, working centrally".
According to Dr. Truong Van Quang, the high-speed railway helps "compress the gap", turning Can Gio into a satellite city but with the function of being at the center level. Residents can live in an ecological environment - sea - water surface, but still work in the economic - financial center of Ho Chi Minh City with only a very short travel distance.
This creates a new living model that many major cities in the world are pursuing: Eco living - urban work - convenient travel. This is the new-generation urban model that ESG++ emphasizes, he said.
In particular, with the real estate market, Mr. Quang believes that high-speed infrastructure will completely reshape the value of space. Areas within a 5-minute TOD radius will become a development golden ratio, where businesses, hotels, offices, high-end services and housing converge. Not only has real estate prices increased, but liquidity, population absorption capacity and urban sustainability have also increased.
In the world, real estate along high-speed railway lines often increases in price sharply by 15 - 45% after the project comes into operation and continues to scale impressively in the next 3 - 5 years. For example, in the US, real estate in the Miami Central Expressway Depot area increased 67% in 2018 - 2019, double the increase of 33% of the general area.
For Can Gio, this cycle is forecast to be even stronger. Because in addition to the high-speed railway, a series of unprecedented large-scale infrastructure are also simultaneously entering the implementation stage: Can Gio Bridge is expected to start construction in January 2026, completed in the first quarter of 2028; Ben Luc - Long Thanh expressway intersection with Rung Sac road started construction in the second quarter of 2026, operation in the first quarter of 2028; Can Gio - Vung Tau sea overpass road is expected to start construction in the second quarter of 2026, inaugurated in the first quarter of 2025; Landmark Harbour Port started construction in the second quarter of 2026, completed in the second quarter of 2027...
When Can Gio is connected to the center through these runways, it will no longer be a remote and isolated place, but will become an international destination, competitive enough with famous coastal cities in the region, said Associate Professor, Dr. Hoang Manh Nguyen, Chairman of the Green Urban Science and Technology Institute, planning - architecture expert.
Notably, the current price of Can Gio is still in a "historic" state, only about 1/10 compared to the existing central areas such as Ben Thanh or Thu Thiem. This helps the growth range to be very large. Therefore, the next 2-3 years will be the period that Can Gio market cannot miss, because each infrastructure implementation milestone will create new momentum for real estate value.
"Compared to the inner city of Ho Chi Minh City, the potential for price increase of Can Gio real estate is much higher. The liquidity of Can Gio real estate will also certainly be approachable and have the opportunity to surpass the liquidity of the current inner-city real estate. And the advantage belongs to those who grasp the opportunity as soon as possible, acknowledged Dr. Vu Dinh Anh, former Deputy Director of the Institute for Market - Price Research (Ministry of Finance).
