Mik Group withdraws from Ho Chi Minh City Ring Road 4 project

HÀ ANH CHIẾN |

Dong Nai - The Provincial People's Committee assigned the Provincial Construction Investment Project Management Board to implement the Ring Road 4 project in Ho Chi Minh City after Mik Group requested to withdraw.

On December 28, Dong Nai Provincial People's Committee just issued a document deploying the component project 2-2 under the Ho Chi Minh City Ring Road 4 Project. In which, the Provincial People's Committee approved the suspension of participation in the feasibility study report of the component project 2-2 under the Ho Chi Minh City Ring Road 4 Project of Mikgroup Vietnam Joint Stock Company according to the unit's wishes.

At the same time, the Provincial People's Committee assigned the Provincial Construction Investment Project Management Board to be the unit to prepare a dossier for the feasibility study report of component project 2-2: Construction of the expressway section from Chau Duc bridge to Thu Bien bridge (including Thu Bien bridge) in the form of public-private partnership, submitting for appraisal and approval according to the provisions of law on PPP; Organize a survey of interest, select investors to implement the project before June 30, 2026 and ensure the conditions for starting the component project 2-2 in the fourth quarter of 2026.

The Provincial People's Committee also acknowledged the companionship of Long Thanh Golf Investment and Business Joint Stock Company in the socio-economic development of the locality, and acknowledged the company's interest in the component project 2-2 under the Ho Chi Minh City Ring Road 4 Project. However, at a meeting with leaders of the Provincial People's Committee on December 19, 2025, Long Thanh Golf Investment and Business Joint Stock Company proposed to withdraw its proposal to participate in the project.

According to the Department of Finance of Dong Nai province, on June 27, 2025, the National Assembly passed Resolution No. 220/2025/QH15 on the investment policy for the Ho Chi Minh City Ring Road 4 Construction Investment Project.

In which, assigning Dong Nai Provincial People's Committee to be the managing agency to implement component projects DATP 1-2: Compensation, support, resettlement and construction of service roads and roads on the territory of Dong Nai province in the form of public investment; Being the competent agency for component projects DATP 2-2: construction of the expressway section from Chau Duc bridge to Thu Bien bridge (including Thu Bien bridge) in the form of public-private partnership.

Accordingly, for DATP 1-2: The Provincial People's Committee has assigned the Provincial Construction Investment Project Management Board to be the investor to implement; For DATP 2-2: The Provincial People's Committee has assigned Mikgroup Vietnam Joint Stock Company to be the unit proposing to prepare the project feasibility study report.

On October 31, 2025, Mikgroup Vietnam Joint Stock Company issued a document requesting to withdraw from participating in the feasibility study report of the Ring Road 4 HCMC project section passing through Dong Nai province.

On November 18, 2025, Long Thanh Golf Investment and Business Joint Stock Company issued a document on paying attention to the implementation of component project 2-2 to build the expressway section from Chau Duc bridge to Thu Bien bridge under the Ho Chi Minh City Ring Road 4 project. In which, the company proposed the following contents: To be the unit proposing to prepare a feasibility study report DATP 2-2; Adjust the project scale from 4 lanes to 8 lanes; Adjust the contract form from BOT to BT paid by land fund.

The Ho Chi Minh City Ring Road 4 project has a route length scale invested and built of more than 159km passing through the provinces of Dong Nai, Tay Ninh and Ho Chi Minh City. In which, the section passing through Dong Nai province is about 46km long (including Thu Bien bridge).

Component project 1-2: Compensation, support, resettlement and construction of service roads and roadsides in Dong Nai province, with a total investment of more than 10,000 billion VND from local budget funds; Component project 2-2: Construction of the expressway section from Chau Duc bridge to Thu Bien bridge (including Thu Bien bridge), in the form of public-private partnership (PPP), with a total investment of more than 16,200 billion VND; of which, the local budget allocates capital of more than 4,000 billion VND and investor capital of more than 12,200 billion VND.

In phase 1, the road is invested in construction with a scale of 4 lanes, road level of 100km/h. The project is prepared for investment, implemented from 2025, completed, put into operation and operation in 2029. The project has a preliminary total investment of more than 120,000 billion VND.

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