HCM City to make access to ports easier
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VIETNAM NEWS HEADLINES APRIL 21
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Raft of developments far behind schedule 18:00 | 22/12/2020
The approval of the proposed merger of districts 2, 9, and Thu Duc in Ho Chi Minh City is hoped to open doors for local economic growth, in the real estate sector in particular. However, weaknesses in infrastructure and long-delayed property projects remain the biggest obstacles to success.
Thu Duc City is planned to develop into Ho Chi Minh Cityâs new creative urban and financial hub, photo Le Toan
Tran Quang Lam, director of Ho Chi Minh City Department of Transport, said that the future Thu Duc City would demand about VND300 trillion ($13 billion) to upgrade transport infrastructure. Of this, roads are forecast to occupy about VND135 trillion ($5.87 billion), railways and buses will need more than VND140 trillion ($6.08 billion), and waterways will require about VND24 trillion ($1.04 billion).