“China Pacific Construction Group has signed a deal to explore joining Ho Chi Minh City’s metro expansion, the second Chinese giant in two weeks to eye a system built so far by Japan.”
“CPCG is among the largest construction firms in the world. According to Fortune, it ranked 170th on the 2025 Global 500 with about US$75 billion in 2024 revenue, its 12th consecutive year on the list. The group traces its founding to 1986 but has operated under the Pacific Construction Group name only since 1995.”
“It builds and operates infrastructure under build-transfer, build-operate-transfer, and engineering-procurement-construction models. In Vietnam, it has already won contracts for and is helping build three major Hanoi projects: the Tu Lien Bridge, the Ngoc Hoi Bridge, and Metro Line 5 from Van Cao to Hoa Lac, all of which broke ground in 2025.”
“Another Chinese company, Guangzhou Metro Group, opened a representative office in Ho Chi Minh City on June 1 to coordinate consulting, design, and construction work on urban rail. The operator runs more than 1,500 km of metro carrying around 9.3 million riders a day, and it is already involved in the overall design and construction management of the city’s Line 2 and a feasibility study for Line 4.”