Traffic appearance in the East in early 2024
“Ring Road 3 is currently constructing 10 bidding packages simultaneously, with key national projects continuously being planned and funded. This has resulted in the gateway infrastructure in the East of Ho Chi Minh City becoming busier than ever before. Projects situated at central connectivity hubs, such as Vinhomes Grand Park, continue to reap significant benefits.
The traffic landscape in the East in early 2024 is bustling. At the construction site of package XL3, which traverses Vinhomes Grand Park, one can observe hundreds of workers diligently building. Various tasks such as soil raking, weak soil treatment, and bored pile construction are actively being carried out by different units.
Since the beginning of 2024, the Ho Chi Minh City Ring Road 3 project has officially entered the simultaneous construction phase. All 10 bidding packages have commenced, resulting in accelerated progress. Given the current pace, the main line of the project is expected to be completed by 2025, with the entire line expected to be finished by 2026.”
Alongside this, the Ho Chi Minh City Department of Transport has reported to the City People’s Committee on the progress of implementing six key traffic projects in the region. These six projects are anticipated to commence construction on April 30, 2025, including: the closure of Ring Road 2, Ring Road 4, Thu Thiem 4 Bridge, Can Gio Bridge, and Can Gio International Transit Port. Additionally, a pedestrian bridge across the Saigon River is now underway.
The majority of these pivotal projects are situated in the Eastern gateway area, connecting the East with the South. Upon completion, they will play a crucial role in inter-regional connectivity, facilitating goods transportation, reducing travel time, and fostering urban expansion.
Minister of Finance Ho Duc Phoc stated that in 2024, a significant portion of public investment capital will be allocated to vital national projects and regional linkage projects, amounting to VND 94,199 billion, which includes the construction of Belt 3 in Ho Chi Minh City.
Given that the eastern gateway of Ho Chi Minh City is positioned in an area linking key national transport routes and projects, upon the completion of these projects in the near future, not only will the infrastructure landscape undergo transformation, but the area will also function as a pivotal transit hub, connecting economic engines.
Of particular note, the emerging link cluster encompasses: linking the Southeast – Southwest via Belt 3, Long Thanh – Dau Giay Expressway, and Ben Luc – Long Thanh Expressway; connecting Ho Chi Minh City – Southeast through Belt 3 and Bien Hoa – Vung Tau Expressway; linking Ho Chi Minh City – South Central region through Long Thanh – Dau Giay and Phan Thiet – Dau Giay Expressways. Together, these initiatives will establish the most advanced, comprehensive, and interconnected transport infrastructure network in the country.
Vinhomes Grand Park real estate attracts attention thanks to its winged infrastructure
When a significant amount of money flows into public investment, the transformation of infrastructure will act as a “stimulant” to boost spending, shopping, and investment by the people. “With more money flowing, people will spend more,” expects Associate Professor Nguyen Huu Huan from Ho Chi Minh City University of Economics. Infrastructure projects located in well-funded areas are predicted by experts to reap substantial benefits.
Projects in prime locations such as Vinhomes Grand Park serve as typical examples, with a dense population flocking here. Investors are also swiftly seeking opportunities, ready to await the “breakthrough point” in real estate value around 2025 – 2026, when Belt 3 comes into operation.
As a rare project where Ring Road 3 runs radially, Vinhomes Grand Park gives residents the privilege of benefiting the most when using this route to move into the central area much more conveniently. Ring Road 3 also increases connectivity between the metropolis and satellite cities throughout the Southeast region, creating conditions for residents and experts living here to get to work and work faster thanks to significantly shortening the travel time. tell the distance.
The economic picture at Vinhomes Grand Park will also completely change when Ring Road 3 is completed, regional connectivity will be more favorable. People of Ho Chi Minh City in the North and West areas can easily reach the big city via this route. The increasingly abundant customer base combined with the bustling and vibrant vitality of the metropolis brings outstanding business potential and diverse development of industries and services. Experts say that in the future there will be a leap in economic development within the project.
Not to mention, the soon-to-be-operated Metro Ben Thanh – Suoi Tien urban railway project will also enhance urban space, adding a method of transporting people from the center of Ho Chi Minh City to the Eastern gateway. Metro helps millions of people in the central area connect more conveniently to Ho Chi Minh City High-Tech Park, Ho Chi Minh City National University and even Vinhomes Grand Park.
Recently, Long Dai Bridge also opened to traffic, opening up direct travel from Vinhomes Grand Park to the central area of Thu Thiem and the center of District 1. From there, it opens up more options and shortens the distance for residents to connect. on highways to the Southeast provinces.
The simultaneous “capital injection” for public investment in the East area of Ho Chi Minh City is bringing clearly visible benefits to projects located right at the “infrastructure epicenter” such as Vinhomes Grand Park. This is also a signal for people and investors to boldly invest money when the real estate market has gained strong growth momentum.
Contains content from: Cam Floral House