The Ho Chi Minh City People's Committee has sent an official document to the Department of Finance, the Department of Construction, and Sovico Group Joint Stock Company, requesting a review of Sovico’s investment proposal for the Dong Thanh – Hiep Phuoc Metro Line 4.

In the document, Vice Chairman Bui Xuan Cuong assigned the Department of Finance to lead the appraisal process, coordinating with relevant agencies to assess the proposal and advise the People's Committee by June 15, 2025.

Sovico Group submitted its investment proposal to the municipal People's Committee on June 2, expressing interest in researching and funding the development of Metro Line 4. The proposed route extends from Dong Thanh Commune (Hoc Mon District) to the Hiep Phuoc urban area (Nha Be District).

According to the city’s metro plan, Metro Line 4 will span 47.32 km, consisting of 25.62 km of underground tracks and 21.7 km of elevated tracks. The line is designed to include 37 stations—21 underground and 16 elevated—with two main depots located in Dong Thanh and Hiep Phuoc.

In its submitted dossiers to the HCMC People's Committee, Sovico Group emphasized its status as one of Vietnam’s leading private conglomerates, with nearly 30 years of experience. The company currently holds total assets exceeding VND187 trillion (nearly $7.2 billion) and manages over 30 subsidiaries, employing more than 40,000 workers.