<div id="readability-page-1"><div><p>[HO CHI MINH CITY] Construction powerhouses from Vietnam – Vingroup, Sovico, Thaco, Masterise and Becamex – and Malaysia’s Gamuda Land are jockeying for a piece of Ho Chi Minh City’s massive metro build-out.</p><p>With the US$40 billion in hand from public and private capital sources, the city will build 10 urban railway lines by 2035. The network is poised to become the backbone of a new urban framework for Vietnam’s southern metropolis.</p><p>Momentum has picked up sharply this year, fuelled by legal reforms that give private conglomerates political cover, faster approvals and more viable public-private partnership models. The changes open the door for investors to secure prime land in exchange for developing critical transport infrastructure.</p> </div></div>

BOOM

<p>Construction giants from Vietnam and Malaysia are competing for a share in Ho Chi Minh City's US$40 billion metro project. The city plans to build 10 urban railway lines by 2035, funded by public and private capital. Recent legal reforms have accelerated the project, offering investors prime land in exchange for developing transport infrastructure.</p>

Vietnam’s US$40 billion metro boom in Ho Chi Minh City