Stakeholders discuss the opportunities, risks, and policy priorities needed to turn Hanoi’s expanding metro network into the foundation of a more connected, livable, and resilient city.
The true value of Transit-Oriented Development lies not in building adjacent to rail lines but in creating vibrant urban areas where mobility, housing, retail, and public spaces reinforce one another.
The launch of five new metro lines marks the beginning of Hanoi’s Transit-Oriented Development strategy, creating new opportunities for the capital’s real estate market.
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 five new urban railway projects have a total length of more than 300 kilometers and investment capital preliminarily estimated at over VND1.3 quadrillion (around $52 billion).
The new measures are expected to strengthen the private sector’s competitiveness, accelerate innovation and support deeper integration into global markets.
Speaking at the closing session on June 10 afternoon, Vietnamese Minister of Foreign Affairs Le Hoai Trung said the forum addressed issues of critical importance to all ASEAN members and the bloc’s partners, while creating a platform to discuss emerging and long-term challenges facing the region.
Different housing types—including resettlement, social, official (civil service), and commercial housing—will be intermingled flexibly, ensuring all residents have equal access to infrastructure and essential services.
Rental housing considered important in restructuring the real estate market and meeting real housing demand while promoting sustainable urban economic development.