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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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Why is Mystic Electronics Limited (535205) rising ✌️【Customized Planning】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. After that, tickets will cost 7,000 to 20,000 dong (27 to 79 cents) depending on distance, while elderly and disabled riders will travel for free. Students and travelers using e-payment apps will receive discounts.
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.
Why is Mystic Electronics Limited (535205) rising ✌️【Customized Planning】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. 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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