Ho Chi Minh City greenlights $3.9B Can Gio metro line backed by Vingroup
Ho Chi Minh City has approved VinSpeed, a subsidiary of conglomerate Vingroup, as the investor of the Ben Thanh–Can Gio railway project, with a total investment of approximately VND102.43 trillion (nearly US$3.9 billion).
According to a decision issued by the municipal People’s Committee, the total investment excludes about VND12.78 trillion for site clearance, which will be covered by the State budget.
VinSpeed will contribute over VND15.36 trillion in equity capital, while the remaining VND87.06 trillion, equivalent to around 85% of the total investment, will be mobilized from credit institutions and other permitted sources. The project may also receive preferential State investment loans or Government guarantees, in line with regulations on public debt and railway infrastructure development.
The project includes the construction of a double-track railway with a 1,435 mm gauge, fully electrified, with a main line length of approximately 54.062 km, a designed speed of 350 km/h, and a load of 17 tonnes per axle. It consists of two stations in Phase 1 (Ben Thanh Station and Can Gio Station) and four stations in Phase 2 (to be built when needed, including Tan Thuan, Tan My, Nha Be, and Binh Khanh Stations). It also features one depot and one operations control center located in Can Gio Commune. The project requires a total of about 328.26 ha of land.
The railway will feature six operational trains and one reserve train, with a total of 56 carriages. The service will run from 06:00 to 23:00 daily, with a 20-minute headway and a travel time of 20.3 minutes end-to-end.
The project’s operating term is 70 years from the date of investment policy and investor approvals. Site clearance will begin in Q4 2025, and construction is expected to take 30 months from land handover, targeting operation in 2028, excluding the four stations in Phase 2.
The line will run from 23/9 Park in Ben Thanh Ward in HCMC center to a 39-hectare site adjacent to the Can Gio sea encroachment tourism-urban area project.
Vietnam News Agency – December 8, 2025