HCMC today: Ring Road 2 project still has more than 700 households stuck

Nguyên Chân |

Ho Chi Minh City is granted many breakthrough mechanisms and policies; More than 700 households have not yet handed over the land for the Ho Chi Minh City Ring Road 2 project

Ho Chi Minh City is awarded many breakthrough mechanisms and policies

On December 11, with 433/438 delegates participating in the vote, the National Assembly passed the Resolution of the National Assembly amending and supplementing a number of articles of Resolution 98 on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City.

The Resolution allows Ho Chi Minh City to pilot a number of specific, unprecedented mechanisms and policies on investment management; finance, state budget; urban management, natural resources, environment; priority portfolio to attract strategic investors; establishment and operation of free trade zones; science and technology management, innovation; organizing the government apparatus. See more...

TPHCM chinh thuc duoc trao nhieu co che, chinh sach dot pha, co thanh lap khu thuong mai tu do. Anh: Anh Tu.
Ho Chi Minh City has been officially granted many breakthrough mechanisms and policies, and has established a free trade zone. Photo: Anh Tu.

Apartment prices continue to heat up and concerns about real estate bubbles

CBRE Vietnam's apartment market research report said that in the fourth quarter of 2025, the average primary price (investor opening for sale) of the apartment segment in Ho Chi Minh City reached 90 million VND/m2, up 5% quarter-on-quarter and 21% over the same period last year. Not only did the primary price increase, but the secondary level (buyer and seller) also increased by about 18%, to an average of 64 million VND/m2.

The price increase has also spread to neighboring localities. In the last quarter, the opening price of many apartments in Binh Duong (before the merger) increased by about 10%, Dong Nai by 12%, and Long An (under Tay Ninh after the merger) by 45%. Secondary prices in these regions all increased by 13-15% over the same period. See more...

More than 700 households have not yet handed over the land for the Ho Chi Minh City Ring Road 2 project

On December 11, the Ho Chi Minh City Traffic Construction Investment Project Management Board (Traffic Board) said that the construction of the two sections of Ring Road 2 will start from December 19.

Section 1 is more than 3.5 km long, from Phu Huu Bridge to Vo Nguyen Giap Avenue and Section 2 is nearly 2.5 km long, from Vo Nguyen Giap Avenue to Pham Van Dong.

The total investment of the two projects is nearly 13,900 billion VND, of which compensation and site clearance costs account for the majority; construction costs are only about 19%. See more...

Mot so nha cua chua giai toa de lam Vanh dai 2 TPHCM. Anh: Anh Tu
Some houses have not been cleared to build Ho Chi Minh City Ring Road 2. Photo: Anh Tu

Locations of 8 intersections along My Phuoc - Tan Van road will be built overpasses

Currently, Ho Chi Minh City agencies are coordinating with ministries and branches to carry out the next legal procedures to implement the investment project to complete the My Phuoc - Tan Van road under the BOT form, 64 km long. This project was previously implemented by the People's Council of Binh Duong province (formerly) in a resolution at the end of June 2025.

The project passes through 13 communes and wards including: Dong Hoa, Tan Dong Hiep, An Phu, Thuan Giao, Phu Loi, Binh Duong, Chanh Hiep, Hoa Loi, Thoi Hoa, Chanh Phu Hoa, Ben Cat, Bau Bang, Tru Van Tho. See more...

Temporarily detaining a woman who buried nearly 2,900 tons of illegal waste in Ho Chi Minh City

On December 11, the Investigation Police Agency of Ho Chi Minh City Police clarified the case of dumping, discharging, and burying waste in violation of environmental protection regulations at the vacant land at 5/4 Street, No. 11, Quarter 1, An Khanh Ward, with a total volume of nearly 2,900 tons.

At the same time, the Police Agency has initiated a case, prosecuted the accused and temporarily detained the mastermind in accordance with the law.

The incident was clarified after the proactive patrol and control process of Patrol Team 363 of An Khanh Ward Police. The working group discovered T.X.T driving a three-wheeled vehicle transporting about 420 kg of waste (leaf leaves, fresh branches) preparing to dump on the vacant land at 5/4 Street, No. 11, Quarter 1. See more...

Nguyên Chân
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