News · CafeF

Ho Chi Minh City develops urban areas in depth, accelerates a series of strategic infrastructure projects

Ho Chi Minh City aims to complete 8 metro lines totaling about 255 km by 2030 and more than 500 km by 2045, and to start construction on 5 more lines before year-end. According to Trần Quang Lâm, director of the city's Department of Construction, the city will apply special mechanisms, direct appointment and community participation to speed up compensation and site clearance, and is drafting rules for underground and vertical urban space. Other priorities include completing Ring Roads 2, 3 and 4, upgrading Tân Sơn Nhất airport to handle about 50 million passengers a year, and developing seaports such as Cái Mép Hạ, as well as the Bàu Bàng - An Bình railway. The city also plans to renovate about 398 canals and relocate about 41,000 riverside homes to improve drainage.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: TP.HCM phát triển đô thị theo chiều sâu, tăng tốc loạt dự án hạ tầng chiến lược

Read the original on CafeF ↗

Related tickers and likely impact

CII

▲ Likely positive

Ho Chi Minh Infrastructure

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorReal Estate
IndustryReal Estate Holding & Development
Market cap8,589 bn VND
P/E78.1
P/B0.89
Close on 10/16/202612.80
Change that session-1.16%
CII price, forecasts and signals →

CTD

▲ Likely positive

COTECCONS

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorConstruction & Materials
IndustryHeavy Construction
Market cap6,978 bn VND
P/E8.9
P/B0.72
Close on 10/16/202662.40
Change that session-0.95%
CTD price, forecasts and signals →

HHV

▲ Likely positive

Deo Ca Traffic

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorIndustrial Goods & Services
IndustryTransportation Services
Market cap5,458 bn VND
P/E8.7
P/B0.48
Close on 10/16/20269.50
Change that session-0.21%
HHV price, forecasts and signals →

DIG

▲ Likely positive

DIC Corp

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorReal Estate
IndustryReal Estate Holding & Development
Market cap8,045 bn VND
P/E10.5
P/B0.80
Close on 10/16/20269.53
Change that session-0.73%
DIG price, forecasts and signals →

DXG

▲ Likely positive

Bluemarq Group

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorReal Estate
IndustryReal Estate Holding & Development
Market cap12,871 bn VND
P/E67.0
P/B0.90
Close on 10/16/202610.15
Change that session-0.98%
DXG price, forecasts and signals →

NLG

▲ Likely positive

Nam Long Investment

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorReal Estate
IndustryReal Estate Holding & Development
Market cap10,430 bn VND
P/E16.9
P/B0.83
Close on 10/16/202621.50
Change that session+0.47%
NLG price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Construction stocks plunge: when will the big names bottom out?Vietstock·▼ CTD▼ VCG▼ CII▼ HHVconstructionCTDVCG
  • Synchronized infrastructure paves the way for double-digit growth in Ho Chi Minh City

    At a seminar organized by the Ho Chi Minh City Department of Construction and Tien Phong newspaper, experts said that expanding the city's boundaries after merging with Bình Dương and Bà Rịa - Vũng Tàu creates a large development space, covering about 6,772 km² with roughly 13.5 million people. In 2024, the merged area contributed about 24% of national GDP and attracted about $6.7 billion in FDI. However, bottlenecks in institutions, resource mobilization, regional connectivity and coordination between transport planning and housing remain. The city plans to make metro the main axis of public transport, with at least 200 km by 2030 (a higher target of about 255 km) and over 500 km by 2035.

    CafeF·▲ CII
  • HFIC Fails to Sell CII Convertible Bond Subscription Rights

    HFIC failed to sell its subscription rights to CII convertible bonds, equal to 27.4 million rights or 2.74 million bonds, between September 10 and October 6, 2026, as no investors registered to buy, so it keeps the full amount, equivalent to 4.08% of CII's charter capital. CII is offering nearly 67.2 million convertible bonds, code CII426001, to existing shareholders at a 10:1 ratio, priced at VND 100,000 per bond, with expected proceeds of about VND 6,720 billion. The 25-year bonds carry 0% interest for the first 12 interest periods and 14.5% per year afterward, and are expected to convert at 1:10 into shares priced at VND 10,000 each over 24 batches. Separately, CII revised the use of proceeds from bond CII425002 (ticker CII426028, VND 2,500 billion raised), cutting its planned capital contribution to Saigon - My Thuan Expressway BOT Co., Ltd. from VND 1,151 billion to VND 851 billion. The VND 300 billion shifted will repay principal on bond CIIB2426001 maturing October 14, 2026, which the company says will not affect project progress.

    CafeF·▼ CII
  • AI Chips Today - AI Infrastructure Evolves With Strategic Partnerships And Innovations

    NetBox Labs has announced strategic partnerships with NVIDIA and Grafana Labs that position its NetBox Infrastructure Intelligence Platform as a central intelligence layer for AI datacenter and enterprise infrastructure. The integration into NVIDIA DSX OS and a new Grafana plugin aim to streamline design, provisioning and operation of complex AI infrastructure. The article also covers stock moves: NVIDIA closed at $228.52, up 1%; AMD at $605.53, up 1.9%; Broadcom at $357.31, up 0.7%; and Micron at $953.19, down 3.6%. Micron recently announced a $0.15 cash dividend with an ex-dividend date of October 30, 2026, while CanSemi Technology fell 11.7% to CN¥34.26, close to its 52-week low.

    Yahoo Finance·
  • Russia Rapidly Builds 14,210-Tonne Deep-Sea 'Fortress': Sending '14 Billion Rubles' to Sea on a Strategic Mission

    Russia's Ministry of Industry and Trade has proposed an extra 6.4 billion rubles to complete the Viktor Gavrilov super fishing ship at the Yantar shipyard in Kaliningrad, raising total costs to about 14 billion rubles (around USD 166 million), double the original 7 billion-ruble contract. The 121-metre vessel displaces 14,210 tonnes, carries 148 crew, and was ordered by the V.I. Lenin Fishing Cooperative in the Russian Far East; once completed, it will operate in the Northwest Pacific as a floating seafood processing plant. Construction began in 2019 with delivery planned for 2023, but it was delayed; as of October 2026, progress reached 57% according to one source, following its launch on January 31, 2025. Under a quota program started in 2017, 105 ships have been contracted, with 56 delivered before July 2026.

    CafeF·
  • ModernRails Appoints Raghu Sastry as Chief Technology Officer to Accelerate Global Payments Infrastructure Strategy

    ModernRails has appointed Raghu Sastry as Chief Technology Officer to advance its unified global payments platform, which combines messaging, clearing and settlement in a single real-time infrastructure layer. Sastry brings more than two decades of technical leadership across semiconductors, enterprise infrastructure, mobile platforms and fintech, including prior roles at Agilent Technologies and PMC-Sierra. He will lead technology strategy and platform architecture, focusing on the company's ISO 20022-native design and real-time orchestration across domestic and cross-border payment rails. ModernRails operates as a third-party service provider to the Federal Reserve.

    prnewswire.com·

Related markets

Vietnam stocks →

Latest news

  • Meta Earnings: What To Look For From META

    Meta Platforms (NASDAQ:META) will report earnings this Wednesday after the market closes. Last quarter, revenue reached $60.8 billion, up 28% year on year and above analysts' expectations, though revenue guidance for next quarter slightly missed forecasts; daily active users hit 3.6 billion, up 3.4%. The market expects revenue growth of 23.6% this quarter, slowing from 26.2% a year earlier, and analysts have generally reconfirmed their estimates over the past 30 days. Over the last month, consumer internet stocks have gained 1.3% on average, while Meta is down 4.8%.

    Yahoo Finance·• METAMETAearningstech stocks
  • An AI bust could come from places investors arent watching , an economist says

    Concerns about an AI bubble are growing, and TS Lombard's Dario Perkins warns that investors may be overlooking other risks. Debt among smaller cloud providers, model developers and suppliers could reach $2 trillion by the end of 2027. Perkins does not see this as a systemic risk, but warns that earnings disappointments and canceled orders could ripple through the ecosystem, and that a chip glut could follow over-ordering. Much of the industry's revenue growth still comes from spending within the AI ecosystem rather than from businesses and consumers outside it. He also flags political backlash, noting that ordinary people dislike AI and nearby datacenters, and warns that one high-profile accident could turn AI toxic.

    aol.com·▼ NVDA▼ QQQAI investmentartificial intelligenceNVDA
  • Yen jumps after JGB auction draws big demand , euro finds relief

    The yen rose 0.2% to 158.15 per dollar in Asian trading after a 20-year Japanese government bond auction drew bids of 5.84 times the amount sold, well above the 4.01 times at the previous auction, and the yield fell 6 basis points to 3.71%. A State Street strategist said the record demand suggests sidelined cash is returning and that JGBs are becoming a relative haven from political and fiscal volatility in Europe, particularly France. Anti-government protests in France prompted curfews in several cities, while Italy said it would send 500 troops after two days of unrest, and the euro rallied 0.2% to $1.1234. Elsewhere, bitcoin slipped 0.3% to $81,674.25 and ether edged down 0.2% to $2,393.21.

    aol.com·▼ USD/JPY▼ DXY▲ EUR/USDbondsexchange ratesJapan
  • Unemployment rate dips to 4 . 7 % - but vacancies hit five - year low

    Vacancies fell by 21,000 to 691,000 in the three months to September, the biggest drop since the three months to March and the lowest since July to September 2014 outside the pandemic, while unemployment dipped in the three months to August. Payroll numbers were down 66,000 over the year to September. The ONS said the fall was mainly among smaller firms struggling with higher labour costs, following rises in employer national insurance, the minimum wage and workers' rights. A CBI survey found labour costs and regulations were making it harder to create jobs, and firms urged the Chancellor not to add to their burden in the October 28 Budget. ICAEW's Suren Thiru said the labour market is 'running on idle' and unemployment could climb above 5 per cent, while Shadow Chancellor Andrew Griffith blamed Labour's 'Jobs Tax' and red tape.

    dailymail.com·• GBP/USD
  • CNBC Daily Open: Tech rebounds in the U.S., but Asia isn’t buying it yet

    U.S. tech stocks rebounded as the Nasdaq Composite rose more than 1% on Monday, with Nvidia up 1.4% and Tesla up 3.8%. In Asia, however, tech shares fell on Tuesday, with South Korea's Kospi down over 4% and Japan's Nikkei 225 down 1.6%. Nvidia also unveiled plans to back four German AI startups as part of its nearly $10 billion European investment commitment. Jenny Lee of Granite Asia said Asian companies are reaching IPOs much sooner, often at four to five years old, while Jio Platforms' Indian IPO saw its anchor investor quota oversubscribed more than 30 times, aiming to raise up to 302 billion rupees ($3.2 billion). In Singapore, several agricultural stocks fell after Senior Minister K Shanmugam warned that companies would not escape responsibility for possible roles in the haze, noting seven firms had been questioned by the Singapore Exchange.

    CNBC·▲ QQQ▲ SPY▲ NVDA• VNINDEXtech stocksAsiaNVDA
  • NiSource (NI) Stock Looks Overvalued Against Its Dividend Outlook

    NiSource has nearly doubled shareholders' money over the past five years, delivering a 97.6% total return, which raises the question of whether dividends can justify the current share price. The article highlights a new 20-year energy agreement with Microsoft, including customer-funded grid upgrades and long-term electric service for data centers, which may affect future capital needs and cash-flow visibility. Using a Dividend Discount Model with inputs of about $1.35 dividend per share, roughly 9.07% return on equity, a payout ratio slightly above 61%, and implied dividend growth of about 3.5%, the estimated intrinsic value sits meaningfully below the current share price of $41.95. The model still does not bridge that gap, suggesting income investors are paying a premium for a relatively steady payout with modest assumed growth.

    Yahoo Finance·NIdividendselectricity

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.