Ho Chi Minh City is actively seeking funding from Indian investors for an ambitious urban development plan that includes nine metro lines and three monorail lines, alongside eight advanced technology initiatives, collectively valued at billions of U.S. dollars. As per details shared at the India Business Forum in Ho Chi Minh City on a recent Tuesday, the total cost for the metro and monorail developments is estimated at VND437 trillion (approximately $19 billion). These projects aim to mitigate urban traffic congestion and promote sustainable growth within the city.
Additionally, the Saigon Hi-Tech Park is calling for investments in eight specific projects, which include three dedicated to research and development, four to manufacturing, and one to service provision, with a combined minimum investment threshold of $515 million.
Ho Chi Minh City is also looking to attract investment for several other significant projects, such as the Can Gio Hub, valued at $5.3 billion, the Long Binh Logistics Center at $250 million, the Fourth Ring Road at $2.5 billion, the HCMC – Moc Bai Expressway at $838 million, and the Can Gio Bridge at $416 million.
As of October, Indian investment in Ho Chi Minh City has reached $130 million across 237 projects, as reported by Ho Thi Quyen, the deputy director of the Investment and Trade Promotion Centre (ITPC).
