Thu Thiem new urban area

Update news Thu Thiem new urban area

In the 2018-2020 period, money collected from land auctions increased by 67 percent.

Scandal at Thu Thiem land auction reveals worrying problems

In many cases, enterprises have bid high prices at land auctions and then cancelled the purchases. This has created artificial land prices which has allowed them to corner the market, and buy and sell other land plots for illegal profiteering.

Hot air balloons festival celebrates 1st founding anniversary of Thu Duc City

A festival of hot air balloons, yachts and water sports activities celebrating the first anniversary of the founding of Thu Duc City opened at the Saigon River Tunnel in Thu Duc City on January 22-23.

No credit granted to four Thu Thiem land auction winners

Commercial banks do not grant credit to four real estate businesses that won the auction of land use rights in the new urban area.

Land auction in Thu Thiem has loopholes: HoREA

The auction of four land lots in the Thu Thiem New Urban Area in HCMC’s Thu Duc City has many loopholes, which may negatively impact the local real estate sector and the economy, according to the HCMC Real Estate Association (HoREA).

Thu Thiem project: HCMC seeks to penalize violators

HCMC is set to report a plan to penalize 66 officials who committed violations related to the Thu Thiem New Urban Area in the city’s District 2 to the Inspection Commission of the Party Central Committee this month.

HCM City approves compensation plan for Thu Thiem residents

HCM City’s administration has approved a policy of compensation and resettlement for households in a 4.3ha area located outside the original boundary of the Thu Thiem new urban area project in the city’s District 2.

Commission proposes discipline against former leaders of HCM City

The Party Central Committee’s Inspection Commission held the 43rd session in Hanoi from March 2 to 4, during which it proposed that the Standing Board of the Ho Chi Minh City Party Committee in the 2010-2015 tenure be disciplined for its violations.

Thu Thiem auction lures international developers

The announcement of an auction for 55 land plots in Thu Thiem New Urban Area in District 2 of HCM City is expected to ­encourage foreign developers through the wide land area offered, the transparent conditions, and the low risks.

Foreign experts to be invited to select designs for pedestrian bridge

The HCMC government plans to invite experienced international experts to get involved in the process of selecting designs for a pedestrian bridge linking District 1 and the Thu Thiem New Urban Area in District 2 over the Saigon River.

Government Inspectorate report critical of HCM City handling of Thu Thiem

The Government Inspectorate has delivered its report on the controversial implementation of the master plan and land and construction management at the Thu Thiem New Urban Area in HCM City’s District 2.

HCM City Party Committee promises swift action on Thu Thiem dispute

The secretary of HCM City Party Committee on Saturday promised residents involved in the Thu Thiem dispute, especially those living outside the project’s boundary, that swift action would be taken to resolve the issue.

Dubai billionaires and billion-dollar promises

Dubai-based billionaires are well-known for their billion-dollar investments in luxury real estate projects in Dubai, but many of them have not been successful in the Vietnamese property market.

What do investors want when buying a stake in an equitized enterprise?

VietNamNet Bridge - Investors are less interestedin enterprises' strong brandsor valuable machines and equipment, but instead large land plots in advantageous positions. 

Japan poised for new wave of investment

VietNamNet Bridge – Despite high expectations for a third wave of investment from Japan into Vietnam, Japanese investment figures have fallen in the past few years. 

HCM City unveils detailed downtown planning

VietNamNet Bridge – The HCMC Department of Planning and Architecture on Thursday unveiled the planning, scale 1:2000, for the existing 930-hectare downtown area, in which the center is divided into five functional zones.