Vingroup proposes $3.5B bridge and underwater tunnel across Ho Chi Minh City bay

Vietnamese conglomerate Vingroup has proposed a $3.5 billion, 14-km sea crossing combining a bridge and underwater tunnel to connect two coastal areas of Ho Chi Minh City. The ambitious infrastructure project would represent one of the largest private infrastructure proposals in Vietnam's history. The proposal signals continued major investment interest in HCMC's urban connectivity.