HCMC proposes auction of land along Ring Road 3

Ho Chi Minh City has proposed holding an auction of land along Ring Road No. 3, to acquire capital for construction. The route passes through the city and Binh Duong, Dong Nai, and Long An provinces and has total investment of VND83.3 trillion ($3.6 billion). After nearly ten years of construction, however, only 16.3 km has been built due to financial difficulties.