Ho Chi Minh City Approves Nearly 7 Trillion Dong for Go Cong Intersection Land Clearance

Ho Chi Minh City has allocated nearly 7 trillion Vietnamese dong (approximately $270 million USD) for compensation, resettlement, and land clearance related to the Go Cong intersection project. This significant funding is part of Component 1 of the project, which focuses on preparing the land for the subsequent construction phases.

The project, managed by the Ho Chi Minh City Traffic Project Management Board, is scheduled to run from 2026 to 2029, utilizing the city's budget. The primary objective is to complete land acquisition, compensation, resettlement, and the relocation of technical infrastructure. This ensures a clean site for Component 2, minimizing additional costs caused by delays in land clearance.

The affected area spans approximately 83.5 hectares, with about 54 hectares requiring land acquisition. A total of 450 households across three wards, Tang Nhon Phu, Long Binh, and Long Phuoc, will be impacted. Of these, approximately 190 households are expected to be fully relocated. The total cost for this land clearance component is estimated at 6.975 trillion Vietnamese dong.

Technical infrastructure requiring relocation includes high-voltage and medium-voltage power lines, trees, telecommunications, and water supply systems. The specific land prices and compensation rates will be determined during the approval of the compensation and resettlement plans.

Ho Chi Minh City aims to achieve 100% land clearance by the second quarter of 2027. For agricultural land and cases where owners agree to early land recovery, plans for land recovery, surveys, measurements, and notifications must be completed by August 31. The city targets the approval of land price adjustment coefficients and resettlement housing prices by the third quarter of 2026. By the fourth quarter of 2026, compensation plans are to be finalized, and payments disbursed. The remaining cases, including the relocation of technical infrastructure, are slated for completion by the first quarter of 2027. The project involves constructing a new road connecting Ring Road 3 to Hanoi Highway and upgrading the Go Cong intersection, with a total project cost of 12.44 trillion Vietnamese dong.