Assigning investor for Component Project 1-2 under the Ho Chi Minh City’s Ring Road 4 Project

On the afternoon of August 7, Member of Dong Nai Provincial Party Committee, Vice Chairman of the Provincial People's Committee Ho Van Ha chaired a working session with relevant units to hear reports to propose assigning units as investors for component projects under the Ho Chi Minh City’s Ring Road 4 Project, particularly section passing through Dong Nai province.

A representative of Mikgroup Vietnam Joint Stock Company speaks at the working session. Photo: Pham Tung

The Ho Chi Minh City’s Ring Road 4 Project has a total length of over 159km, passing through the provinces of Dong Nai and Tay Ninh, and Ho Chi Minh City. Of which, the section passing through Dong Nai province is approximately 46km long (including Thu Bien Bridge).

On June 27, 2025, the National Assembly issued Resolution No. 220/2025/QH15 on the investment policy for the construction of the Ho Chi Minh City’s Ring Road 4. In which, the Dong Nai Provincial People's Committee is assigned to be the governing body for 2 component projects, including: Component Project 1-2, compensation, support, resettlement and construction of frontage roads, side roads in the province, with a total investment of over 10 trillion VND from the local budget; Component Project 2-2, construction of the expressway section from Chau Duc Bridge to Thu Bien Bridge (including Thu Bien Bridge), under the public-private partnership (PPP) method, with a total investment of over 16.2 trillion VND; of which, over 4 trillion VND funded by the local budget and over 12.2 trillion VND funded by from the investor.

The Dong Nai Provincial People's Committee is assigned to be the competent authority to implement Component Project 2-2, constructing over 46km of the Ho Chi Minh City’s Ring Road 4 from Chau Duc Bridge to Thu Bien Bridge (including Thu Bien Bridge). Documentary photo

According to the Provincial People's Committee, currently, the Law amending and supplementing a number of articles of the Bidding Law; the Law on Investment under the PPP Method; the Customs Law; the Law on Value Added Tax; the Law on Export and Import Tax; the Law on Investment; the Law on Public Investment; the Law on Management and Use of Public Assets (Law No. 90/2025/QH15) has abolished Article 27 on the sequence of implementing PPP projects proposed by investors; amended Article 26 of Law No. 64/2020/QH14 and assigned the Government to guide the implementation. However, to date, there has been no government decree specifically guiding this content specifically, so there is not enough basis to assign Mikgroup Vietnam Joint Stock Company as the investor to prepare the feasibility study report for the project.

Therefore, at the working session, Vice Chairman of the Provincial People's Committee Ho Van Ha assigned the Provincial Investment and Construction Project Management Board to be the investor for Component Project 1-2.

For Component Project 2-2, Dong Nai province will assign the investor to prepare the feasibility study report for the project when the Government issues a decree guiding the implementation of Law No. 90/2025/QH15.

By Pham Tung/Translated by Van Nga - Thu Ha