Investor

Thu Thiem New Urban Center Management Authority

177 Ly Chinh Thang Street , District 3
HCM City , Vietnam
Tel: 84-8-5261299. Fax:  84-8-5261272

Email bqlthuthiem@hochiminhcity.gov.vn
Website: www.thuthiem.hochiminhcity.gov.vn

Objective

Thu Thiem will be developed as a dynamic, diverse urban center of HCM City , which comprises facilities for trade, housing, public services, culture and education as well as open space.

-Population: 130,000 people
-Labor force:  350,000 people
-Total floor space area: 6,210,411 sq m, including:
+ Residential space: 3,503,387 sq m
+Office space: 1,835,287 sq m
+Commercial space: 871,737 sq m

Location

Thu Thiem Urban Center is located southeast of HCM City in District 2 and covers the Thu Thiem, An Loi Dong, Binh Khanh, Binh An and An Khanh ward. Its boundaries are:

-In the north: Saigon River and the rest of Binh An Ward
-In the south: Saigon River ( Saigon Port and districts 4 and 7)
-In the west: Saigon River (the city center and District 1)
-In the east: Saigon River and the rest of Binh Khanh Ward

Scale

-Area: 737 hectares

Investment form: 100% foreign ownership, joint venture, business cooperation contract or build-operate-transfer

Construction specifications

-Land: The standard land use area is 56.7 sq m per person
-Height and construction density:
+Central area: The land use coefficient is 4-14. The height of buildings is 10-40 stories. High-rise buildings are concentrated in circular boulevards.
+Northern residential area: The land use coefficient is 3.5-4.5. The height of buildings is 10-32 stories.
+Multi-functional area by East-West Highway : The land use coefficient is 1.5-3.5 and 2.5-4.5 along the East West Highway . The height of buildings is 3-5 stories.
+Easter residential area: The land use coefficient is 2.5-4.5. The height of buildings is 4-12 stories.
+Southern waterlogged area: Mainly forest. Only three land lots are for development with low construction density.

-Land use planning:

Technical infrastructure

-Transport:

Thu Thiem New Urban Center is connected with the downtown of HCM City by five bridges and one tunnel, including:

+A bridge linking Thu Thiem with Binh Thanh District
+A bridge linking Thu Thiem with District 1 (at one end of Tan Duc Thang Street )
+A bridge linking Thu Thiem with District 1 (at Me Linh Square )
+A bridge linking Thu Thiem with District 4
+A bridge linking Thu Thiem with District 7

Internal transport:
+The circular boulevard, with a road border of 45.5 m and a greenery strip in the middle, links the central area with the northern residential area and ends at the eastern residential area. The boulevard has four lanes for traffic, each with a 3.5-meter width, with two lanes for parking on both sides.
+The East West Highway , with a road border of 68 m, has six lanes, each with a 3.5-meter width, with two lanes for parking along both sides.
+Most streets have parking space along the sides. Underground car parks are planned at major public areas.

Public transport:
+Three main metro stations are planned at the Central Square , the Central Lake and the Research Institute at the eastern part of the highway. Metro stations allow easy access and are 10 minutes’ walk from main buildings and destinations.
+Short-distance bus services operate non-stop along the circular boulevard that runs 6.2 km through the central area, the northern residential area and the East West Highway . About 11 bus stops are planned. Major stops are at the Convention Center and the Stadium/Competition House.
+Six ferry wharves are planned to serve travel between District 1, Thu Them New Urban Center and main spots along the Saigon River . A network of more than 12 taxi boat quays to serve the travel by workers and tourists are planned along channels in Thu Thiem. 

-Water supply:

The average per capita water supply by 2020 is estimated at 150 liters per person per day. The existing pipelines in Tran Nao Street will be extended to Thu Thiem. The main pipeline, with a diameter of 500 mm, will traverse Thu Thiem along the Circular Boulevard and the Approach Road . It will be have two separate small branches and be connected with the water supply system in District 7. The water distribution system, with smaller pipes, is planned in a circular way within each area.

-Wastewater:

The total volume of wastewater is estimated at 150,000 cu m per day. It will be collected through the natural water flow system and pumping stations and discharged into the wastewater treatment plant.

-Rainwater drainage and leveling:

The height for leveling is estimated at 2.5 m. About 8 million cu m of ground on an area of 575 ha will be leveled, with an average leveling height of 1.4 m.

-Power supply and telecom:

With an estimated population of 130,000, the power demand is estimated aoùn.35 million kWh based on an estimate of 10.3 kWh per person.

The An Khanh Sub-station will be retained and connected with the new power grid. Two new sub-stations will be erected at the main transmission points of the East-West Highway and the Central Area. The telecom center will be part of the television tower. Both electric cables and telecom cables are laid underground in a common pipe system.

Investment incentives

- Land rental exemption granted to: i/ technical and social infrastructure building projects to be handed over to the Government or of non – profitable character; ii/ housing projects for low income people (Decree 02/2006/ND-CP dated 05/01/2006 ).
- Land rental exemption granted to: education, healthcare, culture, sport, science – technology projects for large public usage (Decree 142/2005/ND-CP dated 14/11/2005 ).
- Corporate Income Tax: 20% or 28% 
- Tax holiday and tax reduction periods from 2 to 7 years depending on specific projects. (Decree 164/2004/ND-CP đated 22/12/2003 )