Dao Phuong - Nguyen Hue
One such "golden land" plot, spanning over 6,000 square meters with four street-facing sides, is located at 2-4-6 Hai Ba Trung Street in District 1. The lot is surrounded by major roads, including Thi Sach, Dong Du, and Cong Truong Me Linh.
Despite being nestled among luxury skyscrapers like Vietcombank Tower, Hilton Saigon, and Mê Linh Point, the land remains fenced off and neglected.
In October 2022, the Ho Chi Minh City Department of Natural Resources and Environment’s Land Development Center took over management of the site.
This plot was implicated in a case involving the illegal transfer of public land to private ownership. In January 2022, the appellate court in Hanoi ruled that the land should be handed over to Ho Chi Minh City authorities for review and handling.
Currently, the sidewalk along Thi Sach Street is being used for motorbike parking, with small kiosks rented out and a public restroom provided for residents and visitors.
Located in a prime area, the site is expected to host a development project that complements its upscale surroundings to prevent further waste of valuable land resources.
Another abandoned plot, at 8-12 Le Duan Street in District 1, spans nearly 5,000 square meters and has been left idle for years, used only as a parking lot.
This land was declared state-owned in 1994 and leased to four companies for annual rent payments.
In 2016, the Government Inspectorate reported violations by the city’s administration for not auctioning the land-use rights. The Inspectorate recommended reclaiming the land for auction, estimating proceeds of about VND 2 trillion.
In September 2022, the Civil Enforcement Department transferred the plot to Ho Chi Minh City authorities. The site is now managed by the Land Development Center under the Department of Natural Resources and Environment.
Located at the intersection of Tran Phu, Le Hong Phong, and Tran Nhan Ton streets, this 31,000-square-meter "golden land" plot in District 5 is ideal for a high-rise office and shopping complex. However, it remains an overgrown wasteland.
Since the land was allocated, no development has occurred, and it has remained fenced off.
In October 2023, Ho Chi Minh City issued a decision to reclaim the land from the Vina Alliance Company and the Vietnam Tobacco Corporation. The decision requires these entities to hand over the property and land-use certificates to the Land Development Center.
Pending the transfer, District 5 authorities are preparing for forced reclamation. Nearby residents lament the prolonged inactivity, with the plot becoming a dumping ground for trash and construction materials.
A newly re-evaluated site, the 3.7-hectare plot at the intersection of Ly Thai To, Hung Vuong, and Tran Binh Trong streets in District 10, is now slated for redevelopment as a mixed-use complex.
This land, featuring seven French colonial villas and extensive gardens, has been unused for nearly a decade, leading to its deterioration. Residents have frequently raised concerns about the wasted potential of this valuable space. Recently, efforts have been made to transfer the property from the Ministry of Foreign Affairs to Ho Chi Minh City for new development.