In its submission to the municipal People’s Committee, Sovico Group outlined plans to leverage its financial resources for research and investment in the metro line, connecting Dong Thanh in Hoc Mon district with Hiep Phuoc Industrial Park in Nha Be district.

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Passengers wait for trains at Thao Dien station on HCM City's first metro line, linking Ben Thanh Market in District 1 and Tien Theme Park in Thu Duc City.

With assets exceeding 187 trillion VND (over 7 billion USD) and a workforce of more than 40,000 employees, Sovico Group is a key player across multiple industries, including finance, aviation, real estate, and technology. It is also a major shareholder in private lender HDBank.

Earlier, Vingroup has proposed an investment for another metro line that will connect district 7 to Can Gio district, measuring over 48.5km in length, utilizing its corporate funds.

HCM City’s first metro line, which spans 19.7km from Ben Thanh Market in district 1 to Suoi Tien Theme Park in Thu Duc city, commenced operations on last December, marking a historic milestone in its development of urban transportation after 12 years of construction.

Vietnam’s largest city aims to develop 10 metro routes covering a total of over 510km by 2045.

Source: VNA