Revival of the $3.5 Billion Mega-Project in Ho Chi Minh City After 17 Years of Hiatus

The Berjaya International University Township, a sprawling 880-hectare project with a $3.5 billion investment, is set to be revitalized by Ho Chi Minh City after nearly two decades of stagnation.

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The Berjaya International University City project, with a total investment of $3.5 billion and spanning 880 hectares, stands as one of Ho Chi Minh City’s most ambitious developments. Despite receiving approval 17 years ago, the project remains stalled due to land clearance challenges. Much of the designated area lies vacant, overgrown with weeds, while many residents await compensation agreements, further delaying progress.

Developed by Berjaya International University City Vietnam JSC (Malaysia), the project received its initial investment certificate on July 1, 2008. It aims to create a comprehensive urban-university complex in Ho Chi Minh City’s Northwest Urban Area, featuring education, residential, commercial, healthcare, sports, entertainment, and IT park zones.

Strategically located near National Highway 22 (Asian Highway) and Dang Cong Binh Street (Youth Street), the project is surrounded by natural waterways, including the An Ha, Ranh Long An, Canal 8, and Xang canals. This setting offers an ideal environment for developing a large-scale, modern urban-university hub.

Since its approval in 2008, the project has faced persistent delays due to land compensation and clearance issues. These challenges have hindered progress for years, despite multiple adjustments and attempts to restart the initiative.

While many residents have agreed to relocate and clear their properties, the project’s slow progress has left vast areas abandoned. These vacant plots, now overgrown with weeds, represent a wasted resource and negatively impact the surrounding community’s quality of life.

Numerous households remain in the planned area, unable to reach compensation agreements with the developer. This impasse has left the project in limbo for years, despite ongoing efforts to move forward.

Many residents in the area continue to rely on agriculture, using vacant land for farming or fishing in nearby canals to make ends meet.

Earlier this year, the project saw a new development when the Ho Chi Minh City People’s Committee issued a directive assigning the Department of Finance to oversee the investor’s progress. This move ensures the project aligns with approved goals, timelines, and commitments.

According to the Ho Chi Minh City Department of Finance, the Prime Minister issued Decision No. 80/QĐ-TTg on January 13, 2025, adjusting the project’s timeline. The investor must complete construction and commence operations within 120 months of the decision’s effective date. The developer is currently implementing the required steps.

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