The 12.2-kilometre Tan Son Nhat- Binh Loi Outer Ring Road in HCM City was named after former Prime Minister Pham Van Dong on the occasion of the late leader's 108th birthday last Saturday.
Pham Van Dong Street runs from the Nguyen Thai Son intersection in Go Vap District to the Linh Xuan intersection in Thu Duc District.
The city decided to name the major ring road after the former Prime Minister Pham Van Dong, to show their deep gratitude to the late leader, said Le Hoang Quan, chairman of the city's People's Committee, at a ceremony held last Saturday.
"It will help people from every walk of life, especially the younger generation, learn a bit more about the late Prime Minister, and hopefully encourage them to follow his example," Quan said.
The ring road, starts at the airport in Tan Binh District and runs all the way to Thu Duc District at National Highway 1, passing through Tan Binh, Go Vap, Binh Thanh and Thu Duc.
It has been praised for its contemporary design and urban landscaping, and will connect Tan Son Nhat International Airport with Binh Duong and Dong Nai provinces as well as provinces in the Central Highlands.
It is scheduled to cost nearly US$495 million, of which land and relocation accounts for $281.3 million.
Construction began in 2008 and is expected to be finished by the end of the year.
In September last year, a 4.7-kilometre section of the ring road from Nguyen Thai Son intersection to Binh Trieu intersection, opened to traffic.
It has been built in collaboration with a foreign partner, the South Korea-based GS E&C Company, as part of the Build Transfer project.