29 trillion VND boost shapes a new center in Thu Thiem

Thanh Hòa |

The new administrative center and a series of key infrastructures are putting Thu Thiem into a new growth cycle, strongly attracting capital flows and real housing needs.

New position on the global financial map

Ho Chi Minh City is recording remarkable progress when increasing 11 places, to 84th position on the Global Financial Center Index (GFCI) ranking, and also ranked 3rd in ASEAN, surpassing Jakarta and Bangkok. According to experts, this ranking clearly reflects the improvement in competitiveness as well as the expectations of the international financial community for Vietnam in the coming years.

Vị trí xây Trung tâm hành chính mới TPHCM. Ảnh: Báo Lao động
Location of construction of the new Ho Chi Minh City Administrative Center. Photo: Lao Dong Newspaper

In parallel with the promotion, the Thu Thiem area - the new development core of Ho Chi Minh City - is being shaped to become an international financial center. A consortium of investors has proposed building the iconic IFC-99F tower, 99 stories high, with a total estimated capital of about 1.15 billion USD. The project is considered the core of the Vietnam International Financial Center (VIFC-HCMC), which gathers aviation, maritime and commodity transactions. When formed, this project is expected to attract financial institutions, multinational corporations and a team of international experts.

In addition, the large-scale administrative infrastructure system is playing the role of "anchor" for the sustainable development of the region. Ho Chi Minh City has approved the policy of investing in the Central Square and the new Administrative Center in Thu Thiem with a total capital of nearly 29,600 billion VND. In which, the 33-story administrative-political building is expected to serve about 8,000 officials and thousands of businesses and people every day.

Combined with a large-scale conference and performance center and central lake park, Thu Thiem is gradually forming an integrated space between finance, administration and urban amenities, creating a foundation for a new development center of Ho Chi Minh City.

Phối cảnh của trung tâm hành chính mới TP.HCM. Ảnh: Báo Lao động
Perspective of the new administrative center of Ho Chi Minh City. Photo: Lao Dong Newspaper

Analyzed from a market perspective, the emergence of leading administrative agencies is always the most important driving force for the formation of high-class residential areas nearby. The history of world urban development has proven that real estate located near administrative and financial centers always maintains stable price increases and superior rental potential thanks to real demand from high-income residents and international experts.

The heat of the new Thu Thiem center also comes from the roadmap for deploying synchronous transport infrastructure. Metro Line No. 2 (Ben Thanh - Thu Thiem) with a total investment of more than 46,000 billion VND is expected to be started in the late April of 2026. At An Phu intersection - a major traffic bottleneck of the city, the N3 overpass branch item is also approaching completion. Along with projects such as expanding the Ho Chi Minh City - Long Thanh - Dau Giay expressway, the Eastern area is becoming the most complete inter-regional traffic hub in the country.

The Privé: Choosing to settle down and invest in "the focus of the focus".

In the wave of urban reshaping, cash flow is shifting to projects that converge strategic locations, transparent legality and long-term value creation capabilities. The Privé stands out by both benefiting from the new Thu Thiem financial - administrative center and multi-dimensional connection through key traffic axes.

Phòng tiệc fine dining Versailles – một trong năm không gian ẩm thực hạng sang, tiện ích độc bản tại The Privé. Ảnh: DNCC
Fine dining Versailles - one of the five luxury dining spaces, unique amenities at The Privé. Photo: DNCC

With a scale of 6.7ha including 12 towers, The Privé is built in a high-class resort style with a construction density of only 25% - a rare level in the context of increasingly scarce central land fund. Instead of maximizing the construction area, the investor spends most of the space on green space and utility systems.

Residents can enjoy swimming pool systems such as Azurea, Lumina, Palm Breeze, along with sports and entertainment amenities and a 5-star party room chain. Notably, the riverside apartment tower Cloud9 Tower brings a private living space but still conveniently connected to the new administrative - financial center.

The new center of Ho Chi Minh City is gradually shaping its role as a modern financial and administrative center. When infrastructure and symbolic works are completed in the 2026–2028 period, the regional value level is expected to be re-established, led by real needs and international capital flows.

In that context, projects owning strategic land funds, transparent legality and quality living spaces such as The Privé are not only a place to settle down, but also assets associated with the long-term growth momentum of the city.

To discover details about the unique living space and the quintessential values at The Privé, please visit the official project website: https://theprive. vn

Thanh Hòa
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