The Ho Chi Minh City People's Committee has sent a document to the Department of Finance, the Department of Construction and Sovico Group Joint Stock Company to consider and propose investment in Metro Line 4.
Under the direction of Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong, the Department of Finance is assigned to preside over and coordinate with relevant units to appraise Sovico's proposal and advise the Ho Chi Minh City People's Committee before June 15, 2025.
According to the proposal sent to the Ho Chi Minh City People's Committee on June 2, Sovico hopes to be allowed to study and invest in Metro Line 4, starting at Dong Thanh Commune (Hoc Mon District) and ending at Hiep Phuoc Urban Area (Nha Be District).
Route: Dong Thanh (Hoc Mon) - Thanh Xuan - Ha Huy Giap - Nguyen Oanh - Nguyen Kiem - Terminal T1, T2 Tan Son Nhat - Truong Son - Nguyen Van Troi - Khenh Nhieu Loc - Hai Ba Trung - Pasteur - Ben Thanh - Nguyen Thai Hoc - Ton Dan - Nguyen Huu Tho - after passing from the intersection with Ring Road 3, follow the newly opened road to Hiep Phuoc Urban Area.
The route has a total length of 47.32km, including 25.62km underground and 21.7km elevated.
The entire line is expected to have 37 stations, including 21 underground stations and 16 elevated stations. The two main depots will be located in Dong Thanh (Hoc Mon) and Hiep Phuoc (Nha Be).
In a document sent to the Ho Chi Minh City People's Committee, Sovico said that it owns a total of more than VND 187,000 billion in assets, investing in more than 30 member enterprises with a team of more than 40,000 staff. The group operates in many sectors in key areas such as finance - banking, aviation, real estate, digital transformation, technology and renewable energy.
Sovico is a founding shareholder of Vietjet Air, and a major shareholder of HDBank - one of the leading listed banks in Vietnam with total assets of nearly 800,000 billion VND. The Group also owns HD Saison Consumer Finance Company, and has a luxury resort hotel system spread across many localities.
Sovico is participating in the development of smart urban areas, industrial parks, logistics and aviation infrastructure.
With financial capacity and practical experience, Sovico wishes to contribute to the development of transport infrastructure, especially the metro system.
Metro Line 4 is one of 7 routes in the investment plan of Ho Chi Minh City from now until 2035.
Speaking at the socio-economic meeting on June 3, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc - emphasized: "The city strongly supports Vietnamese enterprises to register to participate in implementing urban railway projects. The important thing is to create conditions for them. Private investment in metro is both effective, resource-efficient, and budget-saving. If the private sector spends money to invest, it will be sparing.
Before Sovico, Vingroup Corporation was also assigned to study the Metro project connecting District 7 - Can Gio, about 48.7km long with a total estimated investment of more than VND102,000 billion (about 4.09 billion USD).
This project is expected to start construction in 2026 and be completed in 2028.
