Vietjet's founding shareholder proposes investment in HCMC's 4th metro line

By VNA June 8, 2025 | 07:38 pm PT

Passengers are about to board a train of HCMC's metro line No.1 in Thu Duc City. Photo by VnExpress/Quynh Tran

Sovico Group, a founding shareholder of budget airline Vietjet Air, has put forward a proposal to invest in Ho Chi Minh City's metro line No. 4, a 47-km route linking Hoc Mon District to Nha Be District on the city's outskirts.

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.

With assets exceeding VND187 trillion (US$7.18 billion) 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 48.5 km in length, utilizing its corporate funds.

HCMC's first metro line, which spans 19.7 km from Ben Thanh Market in District 1 to Suoi Tien Theme Park in Thu Duc city, commenced operations last December after 12 years of construction.

Vietnam's largest city aims to develop 10 metro routes covering over 510 km by 2045.