Ho Chi Minh City seeks to convert 4.6 hectares of protective mangrove forest for $3.9B metro developed by Vingroup company

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Ho Chi Minh City seeks to convert 4.6 hectares of protective mangrove forest for $3.9B metro developed by Vingroup company

AI Summary

Ho Chi Minh City officials requested the People's Council's approval to convert 4.57 hectares of protective mangrove forest to develop the $3.9 billion Ben Thanh-Can Gio metro line. The project is led by a firm affiliated with the Vingroup conglomerate.

Ho Chi Minh City authorities asked the city's People's Council on Sept. 21 to approve converting 4.57 hectares of mangrove forest for the Ben Thanh-Can Gio metro line.

Markets Deals Real Estate Ho Chi Minh City mangrove forest metro project Vingroup urban development infrastructure land conversion

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