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Ho Chi Minh Suzuki Real Estate News Column

district 9 HCMC

Approved integration of eastern Ho Chi Minh City, directly controlled cities, Districts 2, 9 and Tuduk

The Vietnamese government has in principle agreed to a proposal to combine Ho Chi Minh City's three eastern districts, Thu Duc, Districts 2 and 9, into one administrative unit called "Thu Duc City".

Prime Minister Truong Hoa Binh has asked Ho Chi Minh City to consult foreign investors, including financial and real estate companies, on plans to transform the three eastern districts into "innovative urban areas."

Although it is under the corona, we are requesting that consultations proceed online. Ho Chi Minh City needs to demonstrate its commitment to attracting city-within-a-city investments and how the new region differs from other urban areas in Vietnam and other financial and technology centers in Asia. I have. While moving forward with plans for Tu Duc City, you must avoid unnecessary competition within the region.

The plan to merge Thu Duc, District 2 and District 9 into administrative units and turn it into an "innovative urban area" was submitted to the city's People's Committee by the Ministry of Local Government in May. Thu Duc is a university district, District 2 is the heart of the financial center, and District 9 includes a high-tech park and a manufacturing and processing plant, promoting smart city transformation. At a May 8 meeting with the city, Prime Minister Nguyen Xuan Phuc approved the project in principle. Experts said the need to push forward as economic development zones, such as Shanghai's Pudong district in China and Seoul's Gangnam in South Korea.

Tu Duc City

  • 211 square kilometers
  • Home to over 1 million people
  • Contribute to GRDP 30% (Ho Chi Minh City production), GDP 4-5% of the country

The cover image is at the container yard in District 9, Ho Chi Minh City.

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In addition to Vinhomes Grand Park, we can introduce affordable properties, and properties with better locations near District 1 of Ho Chi Minh City. As a general rule, we do not publish such properties. In the case of Japanese customers, we will introduce you after we have had a direct conversation.

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