HANOI, Sept. 27 (Xinhua) -- The Vietnamese government has approved the Ho Chi Minh City Ring Road 4 project with a total investment of about 120.4 trillion Vietnamese dong (about 4.6 billion U.S. dollars), local newspaper Lao Dong (Labor) reported Friday.

According to the government's resolution, relevant ministries and local authorities have been assigned to coordinate on financing, land clearance, construction management and security to ensure timely implementation of the 207-km road.

The project is scheduled to begin preparation and construction in 2025 and be completed for operation by 2029, according to the report.

The Ring Road 4 project will complement the city's transport network, where Ring Road 1 is operational, while Ring Roads 2 and 3 are set to be completed in 2026, helping ease congestion and enhancing regional connectivity, the report said. ■