On February 6, the People’s Committee of Ho Chi Minh City organized a conference to announce the Master Plan for Thu Duc City, a district within Ho Chi Minh City, for the period until 2040, and to promote investment in this area.
During the event, Thu Duc City granted investment registration certificates to 12 housing development projects for 2024, with a total registered capital of more than VND 33,000 billion.
 Secretary of the Thu Duc City Party Committee, Nguyen Huu Hiep, and Chairman of the People’s Committee of Thu Duc City, Hoang Tung, grant investment registration certificates to 12 housing development projects for 2024, with a total registered capital of more than VND 33,000 billion. Photo: THUAN VAN
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On this occasion, Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, attended the event and called on domestic and foreign investors to boldly invest in projects in Thu Duc City.
Ho Chi Minh City introduced and promoted the potential, advantages, and overall picture of 535 projects in Thu Duc City, with a total expected capital of over VND 800,000 billion.
The projects aim for the sustainable and comprehensive development of the area in the future, where investors will always find creative opportunities and long-term benefits.
Chairman of the People’s Committee of Thu Duc City, Hoang Tung, grants investment registration certificates to housing development projects for 2024. Photo: THUAN VAN |
The investment methods for these projects include auction of land use rights, bidding to select investors, public-private partnerships (PPP), other methods according to investment laws, and investment using public investment capital.
Through these methods, the Ho Chi Minh City government expects to build modern infrastructure, provide quality public services, and create job opportunities for the community.
 Secretary of the Thu Duc City Party Committee, Nguyen Huu Hiep, grants investment registration certificates to housing development projects for 2024. Photo: THUAN VAN
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Investors are encouraged to invest in Thu Duc City
The head of the Ho Chi Minh City government affirmed that the city would listen to investors’ suggestions regarding the implementation of the Thu Duc City planning, as well as ensure that Ho Chi Minh City achieves the best results.
The Ho Chi Minh City authorities hope that domestic and foreign investors will pay attention and join hands to develop Thu Duc City, turning the planning goals and strategies into reality.
Sharing his thoughts, Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, requested that enterprises and investors fulfill their investment commitments, investment memorandums, and quickly disburse investment capital after obtaining investment approval.
Representatives of foreign enterprises shared their opinions at the conference. Photo: THUAN VAN |
Mr. Phan Van Mai also hoped that the enterprises would coordinate closely with the Thu Duc City authorities to promptly resolve any issues that may arise during the project implementation process, such as land recovery, compensation, and site clearance, ensuring a balance between the interests of the state, investors, and the people.
 Chairman of the Ho Chi Minh City People’s Committee, Phan Van Mai, requested that enterprises and investors fulfill their investment commitments. Photo: THUAN VAN
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Up to this point, all information about the master plan of Thu Duc City, as well as the list of projects inviting investment, has been fully updated and made transparent on the website of the People’s Committee of Thu Duc City and the website of the Thu Duc City Trade and Investment Promotion Center.
“Thu Duc City, Ho Chi Minh City, commits to always accompany and create the most favorable conditions for investors, ensuring stable policies, transparent procedures, and compliance with legal regulations. We will also promote administrative reform and digital transformation in handling procedures to shorten the time for processing dossiers, so that investors can rest assured when investing and doing business in Thu Duc City,” affirmed Chairman of the People’s Committee of Thu Duc City, Hoang Tung.
 Delegates visit and learn about projects in Thu Duc City. Photo: THUAN VAN |
Thu Duc City needs to accompany investors
Vice Chairman of the Ho Chi Chi Minh City People’s Committee, Bui Xuan Cuong, said that the implementation of the tasks following this conference is very important. For large projects, Thu Duc City needs to proactively seek new solutions, including competitions, to implement them immediately.
“Investors always hope for quick approval of investment policies. This is also a step that investors often worry about due to delays. Therefore, there needs to be a specialized team to remove obstacles, adjust and extend the policies, and accompany investors through a series of subsequent procedures to promote the process and ensure timely implementation,” said Vice Chairman of the Ho Chi Minh City People’s Committee, Bui Xuan Cuong. He emphasized the need to take immediate action instead of letting things stay on paper.
 Vice Chairman of the Ho Chi Minh City People’s Committee, Bui Xuan Cuong, speaks at the meeting with investors. Photo: THUAN VAN
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The Ho Chi Minh City leadership affirmed that they would continue to do their part to work with Thu Duc City to achieve important goals from the master plan, thereby promoting the socio-economic development of Thu Duc City and building it into a city according to the set orientation. This will, in turn, drive the overall development of Ho Chi Minh City.
THANH TUYEN
– 12:26 02/06/2025
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