Ho Chi Minh City Plans 9.2-Hectare International Financial Hub in Thu Thiem New Urban Area
(VNF) - Ho Chi Minh City has proposed the construction of an International Financial Centre in Zone 11 (plots numbered 1-1 to 1-11, spanning 9.2 hectares) within Functional Area No. 1 of Thu Thiem New Urban Area, Thu Duc City.
According to documents submitted by the Ho Chi Minh City Department of Science and Technology to the Telecommunications Authority, the area is currently undeveloped land with pre-planned infrastructure (roads, electricity, water supply, telecommunications, and lighting) but no residential or office buildings.
The department emphasized collaboration with telecom providers to ensure 100% 5G mobile network coverage and broadband fiber optic cable installation across all roads, meeting the technical demands of the financial hub.
The Thu Thiem Financial District will be seamlessly connected to District 1 via Thu Thiem Bridge, Saigon River Tunnel, and major thoroughfares. With flagship projects like Empire City and The Metropole Thu Thiem, it is poised to become "Vietnam's Wall Street."
Spanning 657 hectares on a peninsula opposite District 1 across the Saigon River, Thu Thiem is envisioned as a global hub for finance, commerce, and high-end services. Deputy Prime Minister Tran Hong Ha earlier endorsed the "Thu Duc City Master Plan to 2040" (Decision No. 202/QD-TTg, dated January 21), positioning Thu Duc as a national financial center with international aspirations.
Under the plan, Thu Duc City will prioritize Thu Thiem's role in international finance while expanding commercial, exhibition, and logistical facilities aligned with the city's 11 key growth zones and transit hubs.
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