HCM City unveils master plan, seeks investment for 535 projects in Thu Duc City

The master plan for Thu Duc City through 2040 was approved by the Prime Minister on January 21, 2025.

Under the plan, Thu Duc City is designated as a first-tier city under HCM City and will serve as a key transportation hub for the Southeastern region, integrating road, rail, maritime, and inland waterway networks.

It is envisioned as HCM City's eastern hub for economic activity, science and technology, culture, and education. The city's population is projected to reach approximately 1.8 million by 2030, 2.6 million by 2040, and around 3 million beyond 2040.

With an extensive river and canal system, including the Saigon River, Dong Nai River, Tac River, Rach Chiec, Trau Trau Canal, Go Cong Canal, and Ong Nhieu Canal, Thu Duc’s urban development will be structured around green spaces and waterways, forming its natural framework.

The city's spatial planning is divided into nine zones, corresponding to 11 key development areas, each leveraging unique cultural, historical, and economic strengths. These include a financial, commercial, service, and cultural center with international significance; a mixed-use urban zone featuring waterfront landscapes along the Saigon River, seamlessly connecting to HCM City's existing downtown; a network of public parks; designated water storage and drainage corridors; and logistics and industrial hubs.

Hoang Tung, Chairman of the Thu Duc City People's Committee, emphasized that this master plan is a crucial milestone in the city's development, providing a legal foundation for urban planning, technical and social infrastructure, and land use.

By harnessing its full potential, the plan aims to transform Thu Duc into a dynamic, highly interactive, and innovative urban center, serving as a key driver of HCM City's growth.

At the conference, the city also introduced 535 investment projects across five categories: land-use right auctions, investor selection through bidding, public-private partnerships (PPP), other investment models under the Investment Law, and public investment projects.

In his remarks at the event, HCM City Chairman Phan Van Mai instructed Thu Duc City to widely disseminate the master plan to local communities, ensuring that every locality and household is informed to foster public consensus. He also urged close coordination with HCM City’s departments to develop detailed implementation plans and finalize all zoning plans by September.

Additionally, he underlined the importance of regional cooperation, not only within HCM City but also with neighboring provinces such as Binh Duong, Dong Nai, and Ba Ria-Vung Tau.

The municipal leader also called on domestic and foreign investors to confidently invest in Thu Duc and HCM City, reaffirming the southern metropolis's commitment to supporting businesses and ensuring a transparent, efficient investment environment.

On this occasion, Thu Duc City will grant investment approvals for 12 housing projects in 2024, with a total registered capital of more than VND 33 trillion.