Eco-complex to be erected in downtown HCM City

Vingroup will convert the Ba Son shipyard in District 1 into an eco-urban area, named Vinhomes Golden River, the company said on its website.

Located on the Saigon riverbank, the project will feature financial centers, offices, high-class hotels, restaurants, museums, schools and other services, the firm added.

According to the Department of Planning and Architecture in Ho Chi Minh City, the area spanning parts of Ton Duc Thang Street is designed to give the city a modern look that harmonizes with nature.

Three renowned global design, engineering and project management firms – ATKINS, GENSLER, and ESDA – act as the consultants of the planned development, the property company said.

An artist’s impression of the Vinhomes Golden River project in District 1, Ho Chi Minh City

The realty complex, to be developed on 25.3 hectares, will adopt the eco-city model, which is built on the principles of living harmoniously with the environment, it said.

The firm added that residents in the area can travel by train as the first metro line linking Ben Thanh Market in District 1 with Suoi Tien Amusement Park in District 9 will run through the complex.

Experts said that the realty project will attract lots of potential customers as it nestles in the city’s heart as well as being a riverside complex.

The building density of the project is 18.6%, which is highly appealing as it will provide more green space, they added. 

“The urban area just suits the surroundings in every angle since it harmonizes with nature, the city center and the Thu Thiem urban area nearby,” Nguyen Truong Luu, chairman of the Ho Chi Minh City Association of Architects, remarked.

Vingroup was founded in 1993 by a group of Vietnamese youths in Ukraine under the name of Technocom, which was mainly involved in the food production industry.

After growing as one of the largest and most influential companies in Ukraine by the early 21st century, Technocom looked to Vietnam to expand its business in real estate and hospitality with the initial key brands of Vincom and Vinpearl.

The two brands merged into Vingroup JSC in 2012, which has since developed into one of the most dynamic, successful, and well-capitalized companies in Vietnam.