The Ho Chi Minh City People’s Committee has publicly announced the investment opportunity for the Binh Quoi – Thanh Da New Urban Area project, enabling interested strategic investors to access project details, conduct research, and submit development proposals.

The investor selection process will follow mechanisms outlined in National Assembly Resolutions No. 98/2023/QH15 and No. 260/2025/QH15, which grant Ho Chi Minh City special policy tools to accelerate development.

Accordingly, if only one investor submits a proposal meeting all strategic investor criteria, they may be selected directly. If two or more qualified proposals are submitted within seven days of the first valid application, the city will establish an evaluation council and scoring criteria to ensure a fair and transparent selection process.

The window for receiving investment proposals begins immediately upon the public announcement on the city’s official portal. Submissions must be made to the HCMC Administrative Service Center or via the National Public Service Portal, as per regulations. Late entries beyond the seven-day period following the first valid submission will not be considered.

Interested investors are required to thoroughly review the provisions of Resolutions No. 98 and 260, along with all relevant legal frameworks, and prepare dossiers that clearly demonstrate their financial capacity, experience, investment plans, implementation conditions, and formal commitments aligned with the city’s long-term development strategy.

The People’s Committee strongly encourages reputable and capable strategic investors to step forward and participate in the revitalization of the Binh Quoi – Thanh Da peninsula - positioning it as a modern, ecological, and resilient urban area.

The Binh Quoi – Thanh Da New Urban Area project is located in Binh Quoi Ward on a 405.9-hectare peninsula embraced by the Saigon River. Its natural boundaries offer both scenic and strategic advantages, earmarked for transformation into a green and dynamic urban center.

According to the Prime Minister’s Decision No. 1125/QD-TTg dated June 11, 2025, the area is designated as a key urban development zone in the city’s master plan.

The project envisions a comprehensive mixed-use urban area featuring residential neighborhoods, multifunctional zones, commercial centers, administrative hubs, tourism and recreation spaces, interconnected green parks, water landscapes, and a fully integrated technical and social infrastructure. It is also set to function as a wetland park, contributing to the city’s climate resilience and ecological balance.

With an estimated investment exceeding 50 trillion VND (approximately $2 billion), the project meets the threshold for fast-track strategic investor selection under Point d, Article 7 of Resolution No. 260/2025/QH15. It is officially included in the national list of priority projects to attract strategic investment.

The reactivation of this long-delayed megaproject marks a pivotal moment for Ho Chi Minh City’s urban transformation, as it seeks visionary partners capable of delivering a world-class, sustainable waterfront cityscape.

Quoc Ngoc