What will Thu Thiem urban area be like in 2030? Thu Thiem urban area planning

In the future, Thu Thiem will be the new center of Ho Chi Minh City with the orientation of becoming an international financial center, creating a new growth pole for the city.

Position of Thu Thiem urban area

Thu Thiem Peninsula was once compared to the Manhattan area (New York, USA) of Ho Chi Minh City thanks to its beautiful location and room to develop into a modern urban area. Therefore, since the 90s of the twentieth century, Ho Chi Minh City started systematic planning to develop Thu Thiem.

By the 2000s, the shape of Thu Thiem began to be outlined through detailed plans. In 2005, the peninsula was determined to become the new center of Ho Chi Minh City. Since then, the construction of Thu Thiem has begun with steps such as completing transport infrastructure, urban areas, landscapes…

Thu Thiem new urban area is located on the east bank of the Saigon River opposite District 1, with a total area of ​​657 hectares. This urban area is planned with the main functions of being the financial, commercial and high-end service center of the city and the region and has an international position and is a cultural and entertainment center.

Ho Chi Minh City hopes that Thu Thiem will be a sustainable new urban area that closely combines with natural landscape conditions, while creating many open spaces, utilities, and public works to serve life. residents and workers.

What will Thu Thiem urban area look like?

According to the approved 1/2.000 planning of Thu Thiem Urban Area, the new urban center of Thu Thiem is divided into 5 main areas including the main “central core” area, the northern residential area, the residential area along Mai Chi Tho Avenue, the eastern residential area, and the southern delta area. The total permanent resident population is 145.000 people. The number of regular employees is 217.000 people, of which 1 million are transient visitors (maximum during festivals), and 1.719 are office space for rent.

Thu Thiem urban area has Mai Chi Tho Avenue as a strategic radial axis passing through Thu Thiem, connecting to the center of District 1 by tunnel across the Saigon River. This route also helps quickly connect with Ho Chi Minh City – Long Thanh – Dau Giay expressway, which can spread to many other localities.

Because it is a peninsula, Thu Thiem’s ​​connection with other areas is also focused on investment. Thu Thiem already has Hanoi Highway and Thu Thiem bridge in the north. Connecting to District 1 is the built Thu Thiem 2 bridge. In the future, there will be Thu Thiem 4 bridge connecting to District 7 through Tan Thuan export processing zone.

In the east, there is another important route, Dong Van Cong, which helps connect Thu Thiem with Vo Chi Cong street, Cat Lai port…

Inside the peninsula, there are also important routes such as the arc boulevard (Tran Bach Dang street), lakeside road (To Huu street), riverside road (Nguyen Thien Thanh street), and delta road (Bui street). Thien Ngo), north-south road…

Regarding urban areas, there will be tall symbolic towers arranged along the edge of the arc boulevard (Tran Bach Dang street) and the central square. Important public works are the Convention and Exhibition Center with a pedestrian bridge across Canal No. 1 connecting to the museum; Symphony Theater and Planning Information Center..

Building a financial center in Thu Thiem

In parallel with developing “hard” infrastructure, Ho Chi Minh City also aims to build Thu Thiem into a regional and international financial center. This means that Thu Thiem is not just a place to build skyscrapers and symbolic buildings, but this place must be a new growth pole, creating GDP for Ho Chi Minh City in the future.

Ho Chi Minh City is a true financial center of Vietnam. The problem is how to not stop but reach out regionally and internationally. According to calculations, the city has 2.138 units of banks and credit institutions. Including headquarters, transaction offices, branches of 50 banks with 100% foreign capital; 31 joint stock commercial banks and 4 state-owned banks.

Total capital mobilization in Ho Chi Minh City accounts for more than 24% of the country and total outstanding loans in the locality also account for more than 28% of total outstanding loans for the entire economy. This place also accounts for 95% of the stock market capitalization.

Ho Chi Minh City has the advantage of being in a different time zone compared to the 21 largest financial centers in the world. This is considered a “private and special” advantage in attracting idle capital flows when these centers stop trading. The city is also about a 3-hour flight from dynamic Asian economies such as Singapore, Malaysia, Indonesia, Thailand, India, China, Philippines, and further away are Japan, Korea, and Taiwan.

The Government has just issued a draft resolution of the National Assembly on piloting a number of specific mechanisms and policies for the development of Ho Chi Minh City, to replace Resolution 54. The proposal and content of this resolution will be The National Assembly Standing Committee and the National Assembly will consider it at the upcoming 5th session according to shortened order and procedures. Specifically, regarding investment management, the city will be allocated sources to increase local budget revenue beyond the allocated capital in the medium-term public investment plan; Allocate capital to arrange support for poverty reduction and job creation.

Dr. Dinh The Hien, an economic expert, said that building tangible works will not necessarily turn this place into a financial center overnight. What needs to be done is to have a specific, open policy mechanism for financial investors to choose Thu Thiem for investment and headquarters. In addition, Ho Chi Minh City can stay ahead of the trend by opening up to new types of finance such as fintech.

Dr. Tran Du Lich, a member of the Prime Minister’s Economic Advisory Group, said that building a financial center in Thu Thiem requires efforts not only in Ho Chi Minh City but also the whole country. This place will be a growth pole for the whole country, a place to mobilize capital for the entire economy. Therefore, a specific mechanism is needed for Thu Thiem.

With outstanding strengths, Thu Thiem is a potential new destination for those who are looking for a worthy living, working, entertainment and shopping space.

Thu Thiem – The New District 1.2 (District 1 perfect version) – A place that will bring a completely new concept of a modern urban quality of life, no more traffic jams, no more physical limitations. infrastructure, no longer have images of undulating buildings and cramped living spaces.

Empire City project along with projects in Thu Thiem such as Lotte Eco Smart City, Metropole project, The River, Ziet River, Sala urban area…. will create a leading urban area in Vietnam.