Ho Chi Minh City lifts Metro No. 1 revenue target

Under the plan, pre-tax profit is set to rise from more than 21.8 billion dong in 2026 to about 32 billion dong in 2030. The company has been told to review and adjust its strategy, draw up business plans and pursue solutions tied to Ho Chi Minh City’s double-digit growth ambitions for the period.

The revenue push matters because metro systems are not just transport infrastructure in a fast-growing city like Ho Chi Minh City; they are part of the broader effort to shift commuters away from private vehicles, improve urban mobility and support a more modern, higher-productivity economy. A better-used metro line can ease congestion, support urban development around stations and strengthen the case for further public transport investment.

For investors and market watchers, the headline is less about near-term earnings and more about execution. The company’s ability to grow ridership, run more trains and keep service reliable will shape whether the metro becomes a self-sustaining asset or a continuing budget burden. The city’s directive also signals a more measurable approach to state-owned enterprise performance, which tends to matter for future funding, contractor demand and public investment planning.

The move fits a wider policy push to build out mass transit in Vietnam’s commercial hub as the city seeks faster growth and smarter infrastructure. But hitting the 900 billion dong revenue target will depend on stronger passenger adoption, better service and steady operations over several years.