Investment plans under review for Ho Chi Minh City Beltway 4

September 20, 2021 | 12:52

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Vietnam is crafting investment plans for Ho Chi Minh City Beltway 4 to facilitate business activities.

Investment plans under review for Ho Chi Minh City Beltway 4

The planning of beltway projects in Ho Chi Minh City

The Government Office on September 19 issued Document No.6607/VPCP-CN on the direction of Deputy Prime Minister Le Van Thanh about the Ho Chi Minh City Beltway 4 project.

Accordingly, he has asked the Ministry of Transport (MoT) to work with relevant cities and provinces to study and propose the investment plan and gather comments from relevant ministries for Ho Chi Minh City Beltway 4 to ensure its feasibility.

Earlier in July 2021, Deputy Prime Minister Truong Hoa Binh, who has retired since, asked the MoT and relevant localities to speed up work on component projects with a focus on public-private partnerships.

The Ho Chi Minh City Beltway 4 is expected to be 197.6km in length, running through Ho Chi Minh City and the four southeastern provinces of Ba Ria-Vung Tau, Dong Nai, Binh Duong, and Long An, joining the southern economic hubs.

Ho Chi Minh City, Dong Nai, Binh Duong, and Long An are now among the most attractive investment destinations in Vietnam. In the first eight months of 2021, Long An ranked first in terms of total registered foreign direct investment with $3.6 billion, followed by Ho Chi Minh City with nearly $2.2 billion, and Binh Duong with around $1.7 billion.