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Ho Chi Minh City is considering adjusting its planning to create… International Financial Centre core in the Thu Thiem New Urban Area (Thu Duc City), of which the following are noteworthy: Proposals for a 99-story financial tower. – expected to reach approximately 500m if the planning proposal is approved.
The 99-story tower in Thu Thiem: where is the proposal located?
According to published information, the key focus of the revised planning proposal is on: Plot of land designated 1.K1.8.HH (area approximately 1,26 ha) in the core area of Thu Thiem. This plot of land is proposed. Raising the height limit from a maximum of 30 floors to 99 floors., corresponding to a height of approximately 120m to 500m, with a mixed-function orientation linked to the activities of International financial center.
If approved, this would be one of the most important iconic structures of the country. Thu Thiem and could become a new highlight of the Ho Chi Minh City skyline.
Why does Ho Chi Minh City want a 99-story “iconic” building?
Analyses suggest that the proposal to increase building height in the Thu Thiem core area stems from the need to reorganize the central urban space (administrative, political, financial, and public) according to a new direction, while also creating iconic buildings to enhance the image and attractiveness of the financial center.
Simultaneously, the plan also addresses the goal of optimizing land use efficiency while improving the quality of urban space (squares, open spaces, green areas) to create harmonious connections with nearby public facilities.
The bigger picture: What will the scale of Ho Chi Minh City’s international financial center be?
According to the information released, International financial center in Ho Chi Minh City planned on a scale of approximately 899 ha(Extending from the existing city center to Thu Thiem and a portion of the Saigon River), the preliminary total investment is approximately VND XNX billionThe initial phase is expected to prioritize investment in the core infrastructure (approximately over 9 hectares) and aims to bring the operations center into operation from… year 2027.
Notably, Ho Chi Minh City took the first step in the initial phase by announcing the center’s initial operating location (before construction was completed in Thu Thiem).
How will Thu Thiem change once the 99-story tower is completed?
If the plan is approved and implemented according to schedule, the 99-story tower will be more than just a high-rise building. It could create three major effects:
- Shaping a true “financial district”: Bringing together Grade A office space, financial, legal, auditing, fintech services, and the accompanying ecosystem under a single core operation.
- Repositioning the urban image of Ho Chi Minh City.A new landmark on the east bank of the Saigon River, complementing the existing central skyline.
- Increase the attractiveness of the Thu Thiem – city center connecting routes.Routes such as ring roads, riverside axes, and connecting bridges will increasingly play a “backbone” role in the flow of people and capital.
Note: This is still the case. planning proposals/directionsThe height, function, design, and final timeline will depend on the approval documents and subsequent implementation steps.
