Handing over to the investor of Component Project 1-2, Ring Road 4 Project

Representative of Mikgroup Vietnam Corporation speaking at the meeting. Photo: Pham Tung

The Ring Road 4 Project - Ho Chi Minh City has a total length of over 159km, passing through the provinces of Dong Nai, Tay Ninh and Ho Chi Minh City. Of which, the section passing through the province is about 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 Ring Road 4 - Ho Chi Minh City. In which, Dong Nai Provincial People's Committee was assigned to be the managing agency of 2 component projects, including: Component Project 1-2, compensation, support, resettlement and construction of service roads and side roads in the province, with a total investment of more than 10 trillion VND from the local budget; Component Project 2-2, construction of the expressway from Chau Duc Bridge to Thu Bien Bridge (including Thu Bien Bridge), under the public-private partnership (PPP) method, with a total investment of more than 16.2 trillion VND; in which, the local budget allocates capital of more than 4 trillion VND and investor capital of more than 12.2 trillion VND.

Dong Nai Provincial People's Committee was assigned as the competent authority to implement Component Project 2-2, constructing more than 46km of Ring Road 4 - Ho Chi Minh City from Chau Duc Bridge to Thu Bien Bridge (including Thu Bien Bridge). Photo: Document

According to the Provincial People's Committee, currently, the Law on Amendments and Supplements to a Number of Articles of the Law on Bidding; Law on Investment under the PPP method; Law on Customs; Law on Value Added Tax; Law on Export Tax and Import Tax; Law on Investment; Law on Public Investment; Law on Management and Use of Public Assets (Law No. 90/2025/QH15) has abolished Article 27 on the order of implementation of PPP projects proposed by investors; amended Article 26 of Law No. 64/2020/QH14 and assigned the Government to guide the implementation. However, up to now, there has been no Government decree providing specific guidance on this content, so there is not enough basis to assign Mikgroup Vietnam Corporation as the investor to prepare the project feasibility study report.

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

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

Pham Tung

Source: https://baodongnai.com.vn/kinh-te/202508/giao-chu-dau-tu-du-an-thanh-phan-1-2-du-an-duong-vanh-dai-4-thanh-pho-ho-chi-minh-8321df1/