HCM City plans to complete a number of major transport projects by 2025 that are expected to reduce traffic congestion at city gateways and improve connections to neighbouring provinces.
Prime Minister Nguyễn Xuân Phúc has accepted Đồng Nai Province’s proposal to be the State authority to implement the US$310 million Cát Lái Bridge project, which will link HCM City’s District 2 with Đồng Nai and Bà Rịa-Vũng Tàu provinces.
Distance is no longer a problem for property investors in and around HCM City thanks to improved transport infrastructure.
The authorities of HCM City and Đồng Nai Province on August 3 agreed to select Đồng Nai Province as the leader in the Cát Lái Bridge project.
Relevant authorities must speed up the pace of study for creating an urban area for innovation, a so-called ‘Silicon Valley’, in HCM City, an international workshop heard on April 12.
Improved transport infrastructure has helped to increase real estate activity in HCM City and neighbouring southern provinces, including Long An, Đồng Nai and Bình Dương.