Unveiling New Urban Plans, Thu Duc City Presents 535 Projects Requiring 800,000 Billion VND Investment

This morning, February 6th, the People’s Committee of Ho Chi Minh City announced the Master Plan for Thu Duc City until 2040 and promoted investment invitations for the city.

According to the Master Plan approved by the Prime Minister on January 21st, 2025, Thu Duc City spans over 21,100 hectares with a population of approximately 2.6 million people. It serves as a new economic driving force for Ho Chi Minh City and the Southeast region.

At the conference, investors were introduced to the city’s potential, advantages, and a series of investment projects in Thu Duc. A total of 535 projects with 5 types of investment, and a total expected capital of over 800 trillion VND, were presented to domestic and foreign investors.

These investment projects include a group of projects following the method of auctioning land-use rights, projects through investor selection bidding, projects in the form of public-private partnerships (PPP), projects with other investment methods according to the Law on Investment, and projects with public investment capital.

On this occasion, Thu Duc City also granted investment approval decisions to 12 housing development projects in 2024, with a total registered capital of more than 33,000 billion VND.

According to Nguyen Tuong Van, Deputy Minister of Construction, the planning identifies Thu Duc as a type-1 city under Ho Chi Minh City. It serves as a transportation hub for the Southeast region in terms of road, rail, maritime, and inland waterway transport. Additionally, it is positioned as the eastern center for economics, science, technology, culture, and education.

By 2030, Thu Duc is expected to have a population of approximately 1.8 million, reaching about 2.6 million by 2040, and further growing to around 3 million post-2040.

“Thu Duc City, after more than 4 years of establishment, has become a special city within Ho Chi Minh City, focusing on the construction and development of high-quality human resources. It has also become one of the cities with the largest population by 2024, with over 1.2 million residents,”

emphasized Nguyen Tuong Van.

“This is the most dynamic city in the Southeast region, boasting a synchronous transportation infrastructure, including waterways, roads, and modern urban transport. Its economy is vibrant, with numerous large-scale projects concentrated here. Thu Duc City’s budget revenue in 2024 reached 16,000 billion VND, surpassing many provinces and cities in the country. This underscores the necessity for planning and development that matches its potential,”

he added.

Addressing the experts, enterprises, and investors at the conference, Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, affirmed that the Thu Duc City Planning holds significant importance in concretizing the Ho Chi Minh City Planning for the period of 2024-2030, with a vision towards 2050, which was announced earlier in 2025.

The Master Plan for Thu Duc City, encompassing 9 regions and 11 key development areas, will serve as a foundation for the city to introduce specific investment zones to domestic and foreign investors.

According to Mr. Phan Van Mai:

“The Thu Duc City Planning presents an opportunity to maximize the implementation of mechanisms and policies for the development of Ho Chi Minh City. It opens up robust growth prospects for Thu Duc City, solidifying its position as an innovative and highly interactive city. Thu Duc is envisioned to be a new growth pole, leading the socio-economic development of Ho Chi Minh City, and contributing to its aspiration to become the country’s center for economics, culture, science, technology, and innovation. Together, we stride into a new era of advancement.”

Mr. Phan Van Mai instructed Thu Duc City to widely disseminate the Master Plan to each ward, neighborhood, household, and enterprise. This ensures that the people and businesses are well-informed about the Master Plan, fostering consensus and enabling their active contribution to the successful realization of the plan and the effective execution of projects in the area. He emphasized the goals of establishing a leading international financial center, developing a digital infrastructure, and creating a modern living environment.

Thu Duc City was urged to promptly coordinate with departments and sectors to formulate detailed plans and sub-plans, including the actual planning of the 9 development zones for phased implementation. The completion of the subdivision planning was emphasized to be expedited by September 2025, along with focused efforts on investment promotion to finalize the Thu Thiem area in conjunction with the establishment of the international financial center.

Regarding the Truong Tho area, the Chairman of the Ho Chi Minh City People’s Committee requested Thu Duc City to coordinate with the Ho Chi Chi Minh City National University to complete the investment in the University Technology Park and urgently expand the High-Tech Park before 2030.

Additionally, he emphasized the importance of strengthening cooperative development with adjacent areas, not limited to the districts and counties of Ho Chi Minh City, but also including regions with close ties to the city, such as Binh Duong, Dong Nai, and Ba Ria – Vung Tau. This collaborative approach aims to leverage the strengths and advantages of each locality in the holistic development of the region.

Leveraging its existing strengths, Thu Duc City was urged to focus on investing in the development of high-quality human resources and effectively harnessing the potential of its educational institutions to serve the common development goals of the city and Ho Chi Minh City at large.

Chairman Phan Van Mai also called upon domestic and foreign investors to confidently invest in Thu Duc, assuring them of the city’s commitment to supporting their efficient and lawful operations. He emphasized that Ho Chi Minh City values the contributions and insights of experts and investors in refining the implementation of the Thu Duc City Planning, as well as the overall development plans for the city.

Established in December 2020, Thu Duc City is the first city in the country with a unique model of a city within a municipality directly under Ho Chi Minh City.

As per the Master Plan, Thu Duc City spans over 21,000 hectares and is classified as a type-I city directly under Ho Chi Minh City. It is strategically positioned to connect with the central area of Ho Chi Minh City, the Long Thanh International Airport, and key functional areas in the East. By 2030, its population is projected to reach approximately 1.8 million, growing to about 2.6 million by 2040, and further expanding to around 3 million post-2040.

The Master Plan for Thu Duc City until 2040 serves as a crucial legal basis for guiding the development of space, economic infrastructure, social infrastructure, land use planning, and more. It aims to harness the city’s potential and strengths to evolve into an innovative and highly interactive urban center. Thu Duc is envisioned to be a driving force for Ho Chi Minh City and the larger metropolitan area through knowledge-based economic activities, emerging as a national financial hub with international aspirations.

The city’s space is divided into 9 sub-regions, corresponding to 11 key development areas.