Thu Duc City unveils master plan, seeks $31B investment in hundreds of projects

By VNA   February 6, 2025 | 10:51 pm PT
Thu Duc City unveils master plan, seeks $31B investment in hundreds of projects
Real estate projects in Thu Duc City, HCMC, August 2024. Photo by VnExpress/Quynh Tran
Ho Chi Minh City's Thu Duc City on Thursday announced its 2040 master plan and introduced 535 investment projects with a total estimated capital of over VND800 trillion (US$31.6 billion).

The master plan, approved by the Prime Minister under Decision No. 202 on Jan. 21, envisions Thu Duc as a first-tier city and a key economic, technological, and educational hub in the eastern region of HCMC. By 2040, its population is expected to reach 2.6 million, rising to 3 million in subsequent years.

According to Chairman of the Thu Duc City People’s Committee Hoang Tung, the city is structured into nine zones with 11 key development areas, leveraging cultural, historical, and economic strengths to attract investment, create jobs, and enhance urban living. These areas will serve as innovation centers, fostering a knowledge-based and smart economy.

The master plan aims to reform governance, business activities, and daily life while unlocking new growth opportunities. Infrastructure expansion includes nine metro and interregional rail lines, improved connectivity with HCMC and Long Thanh International Airport in neighboring Dong Nai province, and key road projects.

Urban planning prioritizes green spaces and water bodies, integrating parks with rivers and canals. The city will also allocate more land for education, healthcare, culture, and sports facilities.

On this occasion, Thu Duc approved in principle 12 new projects for 2024, amounting to over VND33 trillion.

HCMC People's Committee Chairman Phan Van Mai said the master plan provides a strategic foundation for attracting domestic and foreign investors. He urged Thu Duc authorities to work with relevant departments in executing the plan, conducting thorough site assessments, and fostering regional cooperation to drive economic growth.

Since its establishment four years ago, Thu Duc City has recorded steady growth, with annual increases in trade and services, over VND60 trillion in budget revenue, and more than VND15 trillion in public investment disbursement. Numerous infrastructure projects have been completed and put into service, significantly enhancing the urban landscape and public services.

 
 
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