The above information was given by Mr. Hoang Tung - Chairman of Thu Duc City People's Committee, during a working session with Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc on March 5.
According to Mr. Hoang Tung, the completion of the Thu Thiem New Urban Area requires mobilizing many resources, especially investment under the public-private partnership (PPP) method, including a BT (build - transfer) contract with payment in cash according to Resolution 98 of the National Assembly.
In addition, Ho Chi Minh City needs to speed up the auction of land plots in Thu Thiem to create a source of capital for reinvestment for projects.
It is expected that in the coming time, the city will auction 3 plots of land with a starting price of more than 5,000 billion VND.
In addition, the revenue from the Lotte Group project in Thu Thiem, about VND10,000 billion, will also help Thu Duc City collect a total of VND15,000 billion from land use fees.
The Thu Thiem New Urban Area is located on the East bank of the Saigon River, opposite the center of District 1, in today's Thu Duc City.
The planning of this urban area was approved by the Government in 1996 with the expectation of becoming an international financial and commercial center and one of the most modern urban areas in Southeast Asia.
After nearly 30 years of planning, the Thu Thiem New Urban Area has formed many modern traffic works and high-rise buildings, but the infrastructure is still not complete, and many vacant plots of land have not been exploited.
To speed up progress, in 2020, the Ho Chi Minh City Party Committee passed Resolution 26 with the goal of completing this urban area before 2030.
At the meeting, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc emphasized that Thu Duc City plays the role of a "shrink-up Ho Chi Minh City" with important areas such as international financial center, High-Tech Park, National University, international seaport and many large transport units.
According to Mr. Nguyen Van Duoc, Thu Duc City needs to develop according to the "1 - 4 - 1" strategy.
In which, the first number 1 is to build an international financial center.
The 4 pillars include a multi-purpose high-tech center, an artificial intelligence center, a high-tech industrial park, and a high-quality healthcare - education system.
Finally, the number 1 is transport infrastructure and digital infrastructure, especially site clearance to implement key projects.
The Chairman of the Ho Chi Minh City People's Committee also suggested that Thu Duc City needs to be flexible and creative in handling work, especially the remaining issues.
At the same time, Thu Duc City needs to strengthen solutions to promote revenue from taxes, land use fees and investment projects, thereby creating motivation to complete the Thu Thiem New Urban Area according to the roadmap.
Thu Duc City (established on January 1, 2021 from Districts 2, 9 and Thu Duc) is the first "city in city" model in Vietnam. This place is expected to contribute 30% of Ho Chi Minh City's GRDP and 7% of the country's GDP.
In 4 years, Thu Duc City collected more than VND 60,000 billion in budget revenue, the value of production, trade and services increased steadily by 25% each year.
A series of completed projects such as Nam Ly Bridge, Long Dai Bridge, Saigon Riverside Park, Vo Van Ngan Street Drainage System, Ho Thi Tu Book Street. Many key projects are being implemented such as Ring Road 3, Ba Ca Bridge and Road, Tang Long Bridge, etc.
