BIDV, AgriBank, MB, and MBV provide capital for the construction of Ring Road 4
On January 12, 2026, in Hanoi, a signing ceremony was held for the credit agreement to finance the Ring Road 4 Construction Investment Project in the Hanoi Capital Region. Deputy Prime Minister Ho Duc Phowsc attended and provided guidance.
Representing the State Bank of Vietnam (SBV) was Deputy Governor Nguyen Ngoc Canh, along with leaders from central ministries, departments, and agencies; leaders from Hanoi City and the provinces of Hung Yen and Bac Ninh; representatives of the investor, shareholders, and commercial banks financing the project.
The Ring Road 4 - Hanoi Capital Region project has an estimated total length of 113.52 km, passing through Hanoi and the provinces of Hung Yen and Bac Ninh, playing a particularly important role in the national transport infrastructure network. Upon completion, the project is expected to contribute to reducing congestion in the inner city, connecting urban, industrial, and logistics areas, and linking with radial expressways to form an integrated transportation infrastructure system that serves as the "backbone" for the entire region. The project has a total investment of over VND 85,000 billion, divided into three main components, of which Component 3 - Investment in expressway construction is implemented under a public-private partnership (PPP) model, with a total investment of VND 53,553 billion.
The capital structure of Component Project 3 includes 44% from the state budget and 56% raised by investors. The total capital raised by investors for the project is VND 29,944 billion.
Component 3 of the project officially commenced construction on September 6, 2025. The partnership between the investor consortium and banks Agribank, MB, BIDV, and MBV plays a crucial role in ensuring financial viability and progress, opening up new momentum for the future development of the Capital Region.
Speaking at the signing ceremony, Deputy Prime Minister Ho Duc Phoc expressed his enthusiasm that the investors participating in the project are all reputable enterprises that have implemented many large, effective projects, leaving behind many modern products, fast construction, and quality assurance. This affirms the capacity, responsibility, and solid maturity of the domestic business sector.
Highly appreciating the role of the banks participating in financing, the Deputy Prime Minister emphasized that these are all large commercial banks, the mainstay of the State, which have accompanied and effectively financed many key projects, especially large-scale public investment projects. Among them, Agribank, BIDV, and MB are banks that have participated in many important projects, implementing them effectively with professional and highly reputable teams. Therefore, the participation of investors and banks in the Belt 4 - Capital Region Project, component 3, with a length of 113.2 km and a total investment of approximately VND 53,500 billion, is very important.
According to the Deputy Prime Minister, upon completion, the project will contribute to creating a new, modern, and convenient landscape for the capital, expanding development space, and serving the long-term planning vision for the future. The Deputy Prime Minister also requested that relevant parties focus on ensuring a smooth flow of capital, preventing any interruptions that could affect the project's progress. At the same time, special attention should be paid to ensuring the quality of the project, emphasizing sustainability, safety, and aesthetics throughout the construction process, implementing the design correctly, and creating beautiful projects worthy of the status of Hanoi Capital.
The Deputy Prime Minister expressed his hope that the project would be completed, handed over, and put into operation soon, maximizing investment efficiency, thereby contributing to improving capital utilization efficiency and bringing benefits to the State, investors, businesses, Hanoi Capital, and the people of the whole country...