VietNamNet Bridge - Many US investors are looking to pour huge capital into the new urban area of Thu Thiem, in District 2, Ho Chi Minh City to turn this area into a new financial center of Southeast Asia.

In a meeting with HCM City Party Secretary Dinh La Thang last week, a group of American investors proposed a $4 billion estate project in Thu Thiem new urban area.

Three US corporations will invest in the project, including Steelman Partners and Cantor Fitzgerald - financial institutions that operate in over 30 major markets around the world and Weidner Resorts (under Weidner Holdings), the corporation that develops and manages many 5-star hotels and resorts in the United States, Asia ....

Steelman Partners has been in Vietnam for many years. It joined the design of The Grand Ho Tram resort in Ba Ria - Vung Tau and Happyland in Long An.

The Vietnamese partner in this project is IPP.

The investors plan to develop this project on 11 hectares, in three years and two months, with a total investment of more than $4 billion. The highlight will be an office tower.

S. Tung