Trungnam Group, a leading investment and construction company, has recently submitted a proposal to the Ho Chi Minh City People’s Committee and relevant agencies regarding the addition of land funds to the BT contract appendix. This move is a significant step towards resolving long-standing issues and restarting the VND 10 trillion anti-flooding project in Ho Chi Minh City, which aims to address tidal flooding while considering climate change factors.
According to Government Resolution 212 dated July 21, 2025, payments to investors for BT projects will be made in the form of land, based on the original contract and additional land proposed by the city. Trung Nam Group has requested to retain five out of seven land plots from the 2016 BT contract, including:
C8A Area – Zone A, South HCMC Urban Area (Tan My Ward), 5,500 m²;
232 Do Xuan Hop Street (Phuoc Long Ward), 17,575 m²;
762 Binh Quoi Street (Binh Quoi Ward), 4,298 m²;
Nuclear Center, Phuoc Long Ward, 4.2 hectares;
290 Dao Tri Street (Phu Thuan Ward), 3.3 hectares.
A tidal control sluice gate of the VND 10 trillion anti-flooding project in HCMC. Photo: PV
Additionally, based on their proposal dated August 21, 2025, and the Department of Agriculture and Environment’s opinion in Document No. 5671 dated September 16, 2025, Trung Nam Group has suggested adding four new land plots:
Nha Be Residential and Resettlement Area (20.2 hectares); Nhon Duc – Phuoc Loc Urban Area (Hiep Phuoc and Nha Be communes), 89.6 hectares; 420 No Trang Long Street (now Vu Ngoc Phan), Binh Loi Trung Ward, 14.8 hectares; 257 Tran Hung Dao Street (Ward 2, District 1), 2,374 m².
Trung Nam Group emphasizes that these land additions are essential for restarting the project, completing pending components, and ensuring operational readiness by December 2026, provided all city procedures are finalized by October 2025 as directed by the HCMC Chairman. Delays in documentation will proportionally postpone project handover, as current issues lie outside the investor’s responsibility.
In September 2025, the HCMC Department of Agriculture and Environment submitted a report to the Department of Finance regarding land funds for the BT contract settlement. They highlighted that Government Resolution 212 mandates land-based payments, adhering to Resolution 98/2023/QH15 and related laws. The city is responsible for determining land prices, usage fees, and lease terms in compliance with land legislation.
Following HCMC Chairman Phan Van Mai’s Directive 1113 (November 20, 2024), the Department of Natural Resources and Environment reviewed land funds, proposing three additional plots by March 2025: 257 Tran Hung Dao (Ward 2, District 1), 420 No Trang Long (Binh Loi Trung Ward), and 152 Tran Phu (Ward 4, District 5). The first two plots, subject to public land restructuring under Decrees 167/2017/NĐ-CP, 67/2021/NĐ-CP, and 03/2025/NĐ-CP, fall under the city’s authority as per Resolution 98/2023/QH15.
The Department of Agriculture and Environment recommends including the 420 No Trang Long and 257 Tran Hung Dao plots in the BT land fund to expedite negotiations and prevent project delays.
Launched in 2016 with a budget of nearly VND 10 trillion, the project includes six major tidal control sluices, 8 km of embankments, and 68 smaller drainage structures along the Saigon River. Upon completion, it will protect 6.5 million residents in central HCMC from tidal flooding, enhancing climate resilience.
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