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Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.
Basic
Free
Free access to daily domestic news, podcasts and videos
Premium
$5 $1 /month (VND 23,900)
MonthlyAnnual
Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.
Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
Your subscription will continue until you cancel.
You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
HCMC – Metro Line No.2, also known as Ben Thanh-Tham Luong, got approval in 2010 and construction was slated to begin in 2016. However, site clearance problems have pushed back the start date of the project for 12 years.
The line is designed to be 11.2 kilometers long, of which the underground section accounts for 9.2 kilometers with nine stations and the elevated section for two kilometers with one station.
The initial investment was VND26,116 billion, which rose to VND47,800 billion in 2019.
The line was planned to begin at Ben Thanh Central Station in District 1, pass through districts 3, 10, 12, Tan Binh and Tan Phu, and end at the An Suong Intersection.
Given long site clearance delays, the HCMC government recommended that the Ministry of Planning and Investment seek nod from the prime minister to extend the completion date and implementation duration to 2030.
According to HCMC’s Management Authority for Urban Railways, the compensation for local residents is 99.67% complete, and 85.15% of land has already been handed over – PHOTO: MHLand clearance at Cach Mang Thang Tam and Pham Van Hai intersection – PHOTO: MHResidents at Hoa Hung Market, District 10, hand over street-front land for construction – PHOTO: MHAs some negotiations failed over compensation rates, the site clearance process remains incomplete – PHOTO: MHAs part of the project, houses on Cach Mang Thang Tam Street, Tan Binh District have been rebuilt 10 meters backward. In an owner’s statement, he expressed disappointment since the land was handed over one year ago, but metro line construction work has not begun. He added that it was difficult to buy another house with the compensation money, so his family had to downsize the house. Besides, his monthly income from the house rent of VND10-12 million was also reduced – PHOTO: MHThe district people’s committees started handing over land for the construction of stations and depots in the project – PHOTO: MHHouses along Cach Mang Thang Tam Street are gathering dust pending the land planning progress – PHOTO: MHAffected local residents have to either buy a new house or adapt to a smaller home – PHOTO: MH
