The goal of this study is to assess the application of the Hardening soil model in predicting the deformation of retaining walls of excavations in 2D and 3D finite element analysis at the Ho Chi Minh Metro project. Designed as the deepest underground station in the first metro line built in HCMC, Opera House station is located in an area with a dense building zone and close to historical buildings. A summary of the input soil properties is provided using data from site investigations, in-situ tests, and laboratory tests. By numerical simulation using the Hardening soil model, the parameters of the soil stiffness modulus value are verified based on the Standard Penetration Test (SPT), and Pressuremeter Test (PMT). The obtained results of the numerical analysis by 2D and 3D finite element methods, and field observations indicate that applying the Hardening soil model with soil stiffness modulus obtained in situ tests gives reasonable results on the displacement of the retaining wall at the final phase. The relationship between the SPT value and the stiffness modulus of HCMC sand is a function of depth. This value is an experiment through comparison with the wall deflection monitoring of each excavation phase and ground settlement surrounding. The results of the difference between 2D and 3D finite element analysis also will be discussed in this study.