The People's Council of Long An province approved a resolution on March 25, 2025, committing to ensure the balance of local budget capital for the Ring Road 4 project.
This essential project, which stretches roughly 159.31 kilometers, will serve vital connections through multiple provinces: Ba Ria - Vung Tau (18.23 km), Dong Nai (46.08 km), Ho Chi Minh City (16.7 km), and Long An (78.3 km), including a 3.8 km section traversing Nha Be district in Ho Chi Minh City.
The resolution was passed during a specialized session of the People’s Council, focusing on implementing guidelines for compensations, support, and the construction of related access roads and infrastructure. The fact that this project is significant nationally was emphasized, as Ho Chi Minh City's Committee has already prepared a preliminary feasibility study for its execution.
Under the public-private partnership (PPP) model, the project has garnered differing budget allocations. The central budget will provide more than 31,013 billion VND, while Long An's provincial budget is set at over 10,000 billion VND. Additionally, Ho Chi Minh City contributes more than 1,767 billion VND, and investors are expected to cover over 25,934 billion VND.
Long An will balance its budget of more than 10,000 billion VND to facilitate compensations, support resettlements, and the construction of both access and parallel roads within the province. Notably, the planned budget allocation for 2025 stands at 200 billion VND, contingent on all documents being processed and funds fully disbursed.
Looking ahead, the remaining 9,800 billion VND will be allocated according to the medium-term public investment capital plan for the years 2026 to 2028, equating to an average annual allocation of about 3,266 billion VND. This structured financial layout aims at ensuring that the various sections of Ring Road 4 are funded adequately to meet their developmental goals.
As the project comes to fruition, it promises to stimulate economic growth, improve transportation links, and reduce congestion in one of Vietnam’s most densely populated regions. By integrating various financial sources, the provincial government is taking considerable steps to promote infrastructural efficiency and mobility throughout the area.
In conclusion, the approval of this budgetary resolution by the People’s Council marks a pivotal moment for Long An, as it aligns with the ongoing efforts to modernize the region’s infrastructure and support substantial urban development in the adjacent Ho Chi Minh City.
