June 19, 2022 | 06:40 GMT+7

HCMC announces projects seeking investment

Song Hoàng - Phuong Hoa -

Most projects are in the transport sector, both within the southern hub and linking it with neighboring areas.

Photo: Illustration
Photo: Illustration

Ho Chi Minh City has approved a list of projects calling for investment in 2022.

The list was compiled by the city’s Department of Planning and Investment and includes 197 projects and total investment capital of VND943.9 trillion ($42.89 billion).

There are many traffic projects building highways and roads connecting neighboring areas, with VND33.56 trillion ($1.44 billion) in investment, including the Ho Chi Minh City - Moc Bai Highway, National Highway No. 50, and the extended Vo Van Kiet Road (the section from Ring Road No. 3 - Long An border), and elevated roads with VND32.9 trillion ($1.41 billion) in investment, including the No. 1 elevated route from Cong Hoa intersection in Tan Binh district to Phu An Bridge in Binh Thanh district.

An urban railway project with VND427.37 trillion ($18.4 billion), meanwhile, has 12 component projects. Other projects relating to the transport sector include Thu Thiem 4 Bridge (VND5.3 trillion ($228.2 million)), Can Gio Bridge (VND9.98 trillion ($429.9 million)), and some port projects.

The Ho Chi Minh City People’s Committee assigned the Department to compile the list and report to the Ministry of Planning and Investment (MPI). It also assigned the Investment & Trade Promotion Center of Ho Chi Minh City to compile a list of projects for the city’s investment promotion efforts this year.