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Capital shortage slows Vietnam infrastructure projects

Private sector seeks incentives, faster investor processing

Motorbikes remain the most common form of transport in Ho Chi Minh City given the lack of public transport alternatives. (Photo by Ken Kobayashi)

HO CHI MINH CITY -- Authorities in Ho Chi Minh City announced on Wednesday a further delay to the start of Metro Line 2 until 2020, taking it seven years behind schedule, because more time is needed to formulate and process the project.

Ho Chi Minh city is home to more than 10 million people, and is facing mounting traffic congestion. The $2.1 billion project will not be completed before 2024, and is the second of its kind to be postponed in a week. 

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