In 1985 Vietnam loosened domestic economic controls and began supporting foreign investment in the country. Attracting interest from several countries,this process has helped to create a substantial project for Vietnam's first rail-based rapid transit system. At an estimated USD 1.1 billion cost, the government has approved the scheme for the first line. The Japan Bank for International Cooperation is providing 83% of the finance, the remainder coming from the HCMC municipal government. The metro route's consultant and designer is the Japanese Nippon Koei Group, who has maintained a presence in Hanoi since 1991.
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