Ho Chi Minh City is calling for international investors to develop a series of mega-urban projects worth nearly US$9 billion, focusing on the northern and eastern gateways of the city. Photo: C.T.
The largest projects are the Tan An 1A and Tan An 1B urban developments in Phu An Ward.
The two projects cover more than 510 hectares and require total investment exceeding VND144 trillion ($5.5 billion).
Tan An 1A spans nearly 275 hectares with estimated investment of more than VND68.57 trillion ($2.6 billion), while Tan An 1B covers almost 238 hectares with projected investment of over VND75.6 trillion ($2.9 billion).
The two projects are expected to accommodate around 40,000 residents and include a mix of townhouses, apartment buildings, commercial facilities, schools, and healthcare services.
Meanwhile, authorities in Dong Hoa Ward have also called for investors for the Chau Thoi mixed-use urban area, a 109-hectare project with estimated investment of approximately VND27.35 trillion ($1 billion).
The project is planned as a multifunctional hub featuring residential, commercial, office, service, and tourism facilities for sale or lease.
Most of the land earmarked for these projects is currently agricultural or orchards, with low construction density.
This makes land clearance and integrated urban development more feasible.
Phu An Ward is positioned as a new northern growth pole, while Dong Hoa benefits from its proximity to the Vietnam National University-Ho Chi Minh City and major transport hubs.
An urban development expert told Tuoi Tre (Youth) newspaper that Ho Chi Minh City’s administrative merger with the former Binh Duong Province last July has significantly expanded the city’s reserve of underutilized development land.
Phu An Ward alone is planned to host six major projects with combined investment estimated at roughly VND260 trillion ($9.9 billion).
The city is conducting open international bidding, signaling its intent to attract financially strong, globally experienced developers.
Each project has a 50-year operating term, with construction timelines spanning 8-12 years, underscoring a long-term sustainable vision.
Earlier this month, the administration of Tan Dong Hiep Ward also called for investment in three new urban projects covering nearly 61 hectares with combined estimated investment exceeding VND64 trillion ($2.5 billion).
These projects are planned as integrated urban communities combining housing, commercial centers, educational facilities, and healthcare services.
Among them, Tan Binh New Urban Area is the largest, covering 32.5 hectares with an estimated price tag of VND27.658 trillion ($1 billion).
New Urban Area No. 4 spans 12.5 hectares with estimated investment of about VND25.388 trillion ($965 million), while the Suoi Cay Sao New Urban Area covers 16 hectares with projected investment exceeding VND11.344 trillion ($431 million).
All three developments will operate under 50-year investment terms and are located at Ho Chi Minh City’s northeastern gateway, benefiting from convenient access to National Highways 13 and 1K, as well as Ring Road No. 3.
