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Thu Duc city unveils master plan, seeks investment in 535 projects

Under its 2040 master plan, Thu Duc city is expected to become a first-tier city and a key economic, technological, and educational hub in the eastern part of Ho Chi Minh City.

Nguyen Van Linh Boulevard next to the Phu My Hung urban area, District 7. (Photo: VNA)
Nguyen Van Linh Boulevard next to the Phu My Hung urban area, District 7. (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City's Thu Duc city on February 6 announced its 2040 master plan and introduced 535 investment projects with a total estimated capital of over 800 trillion VND (over 31.6 billion USD).

The master plan, approved by the Prime Minister under Decision No. 202 on January 21, envisions Thu Duc as a first-tier city and a key economic, technological, and educational hub in the eastern region of HCM City. By 2040, its population is expected to reach 2.6 million, rising to 3 million in subsequent years.

According to Chairman of the Thu Duc city People’s Committee Hoang Tung, the city is structured into nine zones with 11 key development areas, leveraging cultural, historical, and economic strengths to attract investment, create jobs, and enhance urban living. These areas will serve as innovation centres, fostering a knowledge-based and smart economy.

The master plan aims to reform governance, business activities, and daily life while unlocking new growth opportunities. Infrastructure expansion includes nine metro and interregional rail lines, improved connectivity with HCM City and Long Thanh International Airport in neighbouring Dong Nai province, and key road projects.

Urban planning prioritises green spaces and water bodies, integrating parks with rivers and canals. The city will also allocate more land for education, healthcare, culture, and sports facilities.

On this occasion, Thu Duc approved in-principle 12 new projects for 2024, amounting to over 33 trillion VND.

HCM City People’s Committee Chairman Phan Van Mai said the master plan provides a strategic foundation for attracting domestic and foreign investors. He urged Thu Duc authorities to work with relevant departments in executing the plan, conducting thorough site assessments, and fostering regional cooperation to drive economic growth.

Since its establishment four years ago, Thu Duc city has recorded steady growth, with annual increases in trade and services, over 60 trillion VND in budget revenue, and more than 15 trillion VND in public investment disbursement. Numerous infrastructure projects have been completed and put into service, significantly enhancing the urban landscape and public services./.

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