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Hundreds of people lined up for the chance to be among the first passengers to board Metro Line 1 as it began operations in Ho Chi Minh City on Sunday, according to state-run news agency Viet Nam News.
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Its opening comes after years of delays, caused by factors including the Covid-19 pandemic and financial constraints, according to state media.
“After 17 years of planning and 12 years of construction, the inauguration of this metro line today marks a significant milestone in the advancement of public transportation within the city,” said city official Bui Xuan Cuong at a ceremony to inaugurate the line.
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Vietnam’s transit infrastructure has been the site of competition between Japan and China, both of whom are eager to strengthen their influence throughout Asia.
The Role of Foreign Direct Investment in Stock Market Risk Free Trading Signals ✌️【Capital】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. Although Japan got into the game first, ultimately putting 43.7 trillion Vietnamese dong ($1.72 billion) into the Ho Chi Minh City project, capital city Hanoi’s China-backed system beat it to the punch by opening its first metro line in 2021. Construction on Hanoi’s second metro line is due to begin in 2025.
Earlier this year, the Vietnamese government announced ambitious plans to build twohigh-speed rail linesconnecting with China, the country’s biggest trading partner.
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