Business

HCM City: Korean bank proposes investment study for Metro Line No. 5

The Export-Import Bank of the Republic of Korea (KEXIM) has asked Ho Chi Minh City’s authorities for permission to conduct an investment study for Phase 2 of Metro Line No. 5, set to be carried out in the public-private partnership (PPP) format.
HCM City: Korean bank proposes investment study for Metro Line No. 5 ảnh 1The track of Metro Line No. 1, from Ben Thanh Market to Suoi Tien Theme Park, in HCM City (Photo: VNA)
HCM City (VNA) – The Export-ImportBank of the Republic of Korea (KEXIM) has asked Ho Chi Minh City’s authoritiesfor permission to conduct an investment study for Phase 2 of Metro Line No. 5,set to be carried out in the public-private partnership (PPP) format.

In its letter sent to the Chairman of themunicipal People’s Committee and the city’s Management Authority for UrbanRailways (MAUR), KEXIM said it will soon provide funding for the update of theproject’s pre-feasibility study, which covers technical, financial, and legalaspects, according to the MAUR.

The bank noted that members of the researchgroup and participating investors have experience in building and operatingurban railway routes, including Metro Line No. 9 of the RoK’s Seoul capital, inthe PPP format.

The MAUR said it had a working session onJanuary 19 with some investors and consultancies from the RoK to discuss thestudy and related orientations for the project.

The Korean side, including KEXIM and somebusinesses and consultancies, presented the plan to update the pre-feasibilitystudy, whose final version is expected to be submitted by the end of 2021.

The pre-feasibility study for Phase 2 of MetroLine No. 5 was previously financed by the Korea International CooperationAgency (KOICA). However, due to certain objective reasons, the project wasunable to be funded through official development assistance (ODA) loans, butthe PPP format.

The 23.39km-long Metro Line No.5 is developed in two phases. 

The first one, from the Bay Hien intersection toSai Gon Bridge, is about 8.8km long and invested with around 1.66 billion USD.It is funded with ODA capital from the Spanish Government, the AsianDevelopment Bank (ADB), the European Investment Bank (EIB), and the Germandevelopment bank KfW.

Meanwhile, Phase 2 is about 14.5km long./.
VNA
#Metro Line No. 5 #Export-Import Bank of the Republic of Korea #KEXIM #Ho Chi Minh City #public-private partnership #urban railways #Spanish Government #Asian Development Bank #updated Vietnam news #Vietnamplus #Vietnam News Agency Ho Chi Minh City Korea (RoK)
Follow VietnamPlus

Related News

HCM City: Work begins to supply power for Metro Line No 1

HCM City: Work begins to supply power for Metro Line No 1

The Management Authority for Urban Railways of Ho Chi Minh City (MAUR) and contractors kicked off work on power supply for the southern economic hub’s first metro line project on February 19, which has now seen 82 percent of works completed.
Opening of first metro line in HCM City faces delay

Opening of first metro line in HCM City faces delay

The opening of the first metro line in Ho Chi Minh City, which runs between Ben Thanh Market in District 1 and Suoi Tien Theme Park in District 9, will be delayed until 2022, city authorities have said.
HCM City proposes using minibuses

HCM City proposes using minibuses

The southern metropolis Ho Chi Minh City is seeking to run 12-17-seater minibuses to make it easier for local residents to get access to this public transport services as the city has a lot of narrow roads with high traffic flows.

See more

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.

Delegates at the launching ceremony (Photo: VNA)

Digital platform on overseas market development launched

With Vietnam’s network of 64 trade offices overseas, Deputy PM Son noted that connecting them through a modern digital platform could help establish a unified national trade information system that operates efficiently, transparently and with strong forecasting capacity.

The Government’s issuance of Decree No. 72/2026/ND-CP revising preferential import tariffs on several petrol products and raw materials is a timely move to diversify supply sources. (Photo: VNA)

Fuel import tariff cuts strengthen Vietnam’s energy resilience: experts

Economic expert Dinh Trong Thinh said revising fuel import tariffs helps diversify supply sources and reduce reliance on traditional markets, thereby strengthening Vietnam’s ability to cope with potential global supply shocks. Ensuring access to multiple energy sources is also vital for safeguarding national energy security, he added.

Leaders of Dak Lak province inspect IUU fishing prevention and control efforts at Phu Lac fishing port, Hoa Hiep ward. (Photo: daklak.gov.vn)

Dak Lak readies for EC mission on anti-IUU fishing efforts

Dak Lak province is completing preparations for an upcoming European Commission (EC) inspection on efforts to combat illegal, unreported and unregulated (IUU) fishing, with a view to having the fisheries “yellow card” removed.

Vietnamese Ambassador to Argentina Ngo Minh Nguyet speaks at the event. (Photo: VNA)

Vietnam, Argentina promote trade, investment cooperation

On relations with South America, Nguyet noted that in December 2025, Vietnam and the Southern Common Market (MERCOSUR) announced the launch of negotiations for a Preferential Trade Agreement (PTA). She expressed her hope that the agreement will be signed soon, thereby further boosting trade and investment between Vietnam and MERCOSUR member states, including Argentina.

Customers buy petrol at a Petrolimex petrol station in Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

PM orders stronger measures to ensure stable petrol supply

The MoIT was instructed to direct key petrol producers and traders to proactively develop supply plans to guarantee adequate fuel provision for distribution systems, maintain regular sale operations, and sell products at listed prices. It must also closely monitor developments in global and domestic petrol markets and adopt appropriate management measures when necessary.

Farmers in Ca Mau province use combine harvesters to harvest rice. (Photo: VNA)

PM orders coordinated measures to stabilise rice production and markets

The Minister of Agriculture and Environment is tasked with instructing local authorities to closely monitor production developments, improve forecasting capacity, strengthen pest control measures, and proactively respond to adverse weather conditions to protect crops, maintain planned yields and output, and reduce production costs.

A worker refuels a vehicle at a petrol station in Hung Yen province. (Photo: VNA)

Fuel prices slashed as stabilisation fund used

According to a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the price of RON95-III petrol – the most widely used grade – fell by 3,880 VND to 25,240 VND (0.95 USD) per litre.

Customers purchase petrol at Station No. 03 (Petrolimex Hung Yen) on Quang Trung Street, Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

Hung Yen takes measures to curb speculation, stabilise fuel market

Petrolimex Hung Yen maintains regular reserves of about 5,500 cubic metres at directly managed outlets and roughly 2,000 cubic metres at franchised stations. The provincial Department of Industry and Trade has ordered closer monitoring of supply and demand and retail prices to detect shortages or unjustified price hikes.

The automobile assembly line of the Honda Phuc Yen factory in Phu Tho province (Photo: VNA)

Honda Vietnam sees decline in motorcycle, car sales

Sales of both motorcycles and automobiles by Honda Vietnam declined in February, dropping 19.6% and 41.8% year-on-year, respectively, according to the company’s latest business results released on March 11.

Team 2 of the Hanoi Market Surveillance Sub-department inspects operations of a Petrolimex petrol station on Tran Quang Khai street (Photo: VNA)

Hanoi maintains stable supply of petrol, LPG

The Hanoi Market Surveillance Sub-department said petrol and LPG trading activities across the city remain stable, with supply largely meeting demand despite volatility in global energy prices.

A Qatar Airways aircraft is seen at Noi Bai International Airport in Hanoi. (Photo: VNA)

Qatar Airways cancels 13 more flights amid Middle East conflicts

Statistics show that airspace across the Middle East has yet to return to normal operations, with multiple FIRs still imposing restrictions or partial closures. As a result, international flight operations through the region continue to face disruptions and route adjustments.