Hanoi’s simultaneous launch of five metro lines signals a new approach to the capital’s urban rail development, with lessons learned from past standalone projects.
The project's phase 3 spans approximately 32.6 km, passing through several communes and wards, including Lan Phong, Tra Cau, Duc Pho, Khanh Cuong, and Sa Huynh.
Following the upgrade of ties to a Comprehensive Strategic Partnership in October 2024, Vietnam and France committed to strengthening cooperation in priority sectors, including rail transport.
The figure is equal to other countries in Asia (Japan 99 per cent, South Korea 100 per cent, China 73.37 per cent, Malaysia 98.13 per cent, the Philippines 93.62 per cent and Thailand 88 per cent).
At the event, a direct flight route between Ho Chi Minh City and Colombo was officially launched by Vietnam Airlines that is expected to commence operations in August 2026.
The newly-launched Ho Chi Minh City Venture Capital Fund is expected to attract private capital and support innovation and technology startups within the ecosystem in various ways.