Vietnam is taking drastic action to fast-track Metro Line 1 in Ho Chi Minh City

After removing all bottlenecks, Ho Chi Minh City's Metro Line 1 is expected to put into commercial operation by 2021 Last Monday, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh chaired a meeting with municipal authorities to resolve obstacles around the disbursement of official development assistance (ODA) and concessional loans (CLs) in the city. At the meeting, the deputy prime minister has ordered ministries and agencies to speed up capital disbursement for Ho Chi Minh City's first metro line, the Ben Thanh-Suoi Tien line. Minh stated that it is crucial to remove the disbursement bottleneck for Metro Line 1 so that the project can be put into commercial operation in 2021. This can also help the municipal city to increase public capital disbursement. Nguyen Thanh Phong, Chairman of Ho Chi Minh City People’s Committee, pointed out some obstacles for the first metro line, especially the controversy in choosing between Japanese Yen and Vietnamese Dong to make payments. The city has sent three documents to the Ministry of Finance (MoF) and the Ministry of Planning and Investment (MPI) without receiving a response. Another issue is related to advanced payment for construction contractors from the state budget. Due to… Read full this story

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