WHO ALSO CONSTRUCTION APARTMENTS HOW DO THU THIEM BE A FINANCIAL CENTER?

A series of big men are holding projects in Thu Thiem, but most of them are housing projects. This financial center has not attracted international corporations to invest.

25 years since the late Prime Minister Vo Van Kiet signed the planning of Thu Thiem urban area, instead of becoming a financial center, the name of Thu Thiem is associated with a persistent complaint and a series of land violations. .

In 2019, the People’s Committee of Ho Chi Minh City once again cherished the plan to “wake up” the Thu Thiem financial center. At that time, former Ho Chi Minh City Party Secretary Nguyen Thien Nhan called this an “missed” opportunity and said that if you do not decide to do it, the city will hardly have a chance.

However, a quarter of a century has passed, has Thu Thiem developed in the original direction? What should the authorities of Thu Duc City and Ho Chi Minh City do to revive the “unfinished dream” – to make Thu Thiem become the financial center of Vietnam and the region?

Who will build the economic and financial tower?

A series of big men are holding the right to develop the project in Thu Thiem new urban area. 737 hectares of this area are almost fully occupied. It is worth mentioning, the projects are mainly building apartments for sale.

Specifically, Sala Dai Quang Minh has 5,600 units, New City has 1,200 units, Thu Thiem Lakeview has 4,500 units, Riverfront Residences has 570 units, Marina Bay has 1,000 units, Empire City has nearly 4,000 units …

 

Investors are focusing on housing projects, who will build economic and financial towers? Architect Ngo Viet Nam Son

Architect Ngo Viet Nam Son said that this made the Thu Thiem planning separate from the original goal of building a new center, attracting trenbolon kaufen the world’s leading international corporations to invest.

“If the investors focus on housing projects, who will build public works or economic and financial towers?”, The expert asked.

Mr. Son said that according to the approved planning, there are public works in these projects. However, investors build houses for sale first, and public works are always behind. Thu Thiem became a real housing (bedroom city) instead of a financial center as originally planned. This is a factor that risks breaking the planning, making the potential to become a new financial center of Thu Thiem wasted.

“Every real estate major develops a project. Not to mention, if most of the giants ask to adjust the planning a little, then Thu Thiem will no longer be Thu Thiem ”, architect Ngo Viet Nam Son commented and emphasized the situation in Thu Thiem is mainly housing development. And the economic and financial zone has nothing.

Transport system in Thu Thiem new urban area is not completed yet. Photo: Quynh Danh

Experts cited for example when he participated in the implementation of Pudong (Shanghai) planning, most of the large corporations in the US are based here. While in Vietnam, Thu Thiem does not have any corporate headquarters. According to statistics, Ho Chi Minh City currently has 2,138 units belonging to banks and credit institutions. However, most of these units are still located in District 1.

“The problem is to have a policy on how to attract leading corporations in the world and also Vietnam to open headquarters and implement big projects in Thu Thiem”, Mr. Son gave the solution.

In addition, experts say that another problem for Thu Thiem is the poor connection. For example, from the headquarters of the HCM City People’s Committee to Thu Thiem, there is a very far detour, lacking direct connection. As for infrastructure connecting with neighboring districts, Thu Thiem 2 bridge is in progress; Thu Thiem 3 and 4 bridges and pedestrian bridges still have no commencement date.

Mr. Son proposed a pedestrian bridge across the Saigon River (connecting District 1 with Thu Thiem New Urban Area) should integrate with some types of public transport such as trams, buses … to increase connectivity.

The complaint has not been completely resolved, it is difficult to have investors’ confidence

Housing occupies a large area in Thu Thiem, but not all houses on “golden land” are attractive. 12,500 abandoned apartments in Binh Khanh Resettlement Area (Binh Khanh Ward, Thu Duc City) are proof. 7 years from the date of completion, the 38.4 ha apartment complex is still waiting for people. After 3 times Ho Chi Minh City held apartment auctions here, this resettlement area is still incomplete.

This is originally a housing area planned for the resettlement of households in 5 central wards of Thu Thiem new urban area. The apartment complex is located right on “golden land”, and not too far from the old residence. However, people in the category of clearance choose to receive money and take care of their own accommodation instead of moving to this project.

Analyzing the cause, Mr. Le Huu Huy, Director of Vietnam Global Network Consulting Company (Singapore), said that this resettlement area did not meet the conditions of “living”, not to mention whether it was worth living or not. This is not only an issue of Binh Khanh resettlement area but also Thu Thiem.

When building the resettlement area, the government pays much attention to physical and tangible features such as the location of the land, the form of construction, the transport network … However, many countries forget weak “soft” factors such as cultural and social characteristics associated with people’s accommodation.

“From the concept of a ‘livable’ city, it can be understood why this resettlement area is still uninhabited, because the people feel that there is nothing attached to modern high-rise buildings. soul “, Mr. Huy analyzed.

Binh Khanh resettlement area was abandoned for many years. Photo: Quynh Danh.

While tens of thousands of apartments in Binh Khanh Resettlement Area were abandoned and not as effective as planned, many households in Thu Thiem New Urban Area still live in dilapidated houses. The dream of Thu Thiem for decades in progress is also the time when people here persistently chase after lawsuits, looking for answers about the planning boundary of this new urban area.

If there is not enough power to properly solve the Thu Thiem problem, the city will not have the confidence of investors. Mr. Le Huu Huy

Former Ho Chi Minh City Party Secretary Nguyen Thien Nhan once affirmed “resolving the Thu Thiem problem completely in 2019, not to prolong”. But the reality shows that up to now, the Thu Thiem problem still makes the leaders of Ho Chi Minh City a headache to find solutions for many more years.

In addition to the inefficiency of some infrastructure, Mr. Le Huu Huy said that persistent complaints from Thu Thiem people and mistakes are factors that make investors afraid.

Experts say that the complaint in Thu Thiem is a barrier to the development of Ho Chi Minh City because if the city does not have the power to properly resolve this issue, it will be difficult to gain investor confidence.

Meanwhile, the specific policy is a factor that is emphasized by the master planer Nguyen Do Dung, co-founder and General Director of EnCity Company (Singapore) when it comes to solutions to develop financial centers in Thu Duc city. .

Mr. Dung typically stated that in China, the financial center in Shanghai is a special zone. Although Pudong is located in the middle of Shanghai City, it is considered a special zone in terms of finance. This area has a very open monetary policy, allowing it to become the financial center of Asia, of the world.

“If we want to develop a smart, creative city with a legal framework that is not smart, not creative, then we will step on each other. So the most important, the most core of ‘untied’ is to give Thu Duc city the mechanism of a particularity, ”Mr. Dung commented.

International investors have high hopes for Thu Thiem

Planning adjustment and solving Thu Thiem’s ​​problem are two major goals set by the government of Thu Duc City as well as Ho Chi Minh City from the very first days of its establishment.

According to Thu Duc City Party Committee Secretary Nguyen Van Hieu, land is the largest space for the development of Thu Duc City; Therefore, the city is adjusting the planning to take advantage of these resources. Along with that, Thu Duc city determined that resolving complaints and grievances will create a flow for projects, bringing great resources.

 

Ho Chi Minh City is calling for investment in Thu Thiem and Thu Duc City. Photo: Quynh Danh.

Talking with Zing, Mr. Hieu said that international investors are currently looking forward to the direction of Thu Duc city on Thu Thiem new urban area. Mr. Hieu believes quite high in the ability to attract investors of this area.

“People will choose the best place to do business. I do not orient people to come. But it must be a process. For example, at present, Thu Thiem has to finish settling complaints and lawsuits, then start to explode, auction land use rights, naturally that value will attract high-quality services. Including the group of financial and banking services ”, said Thu Duc City Secretary.

However, Mr. Hieu also said that Thu Duc City is still waiting for major decisions from the central to shape specific policies. Thu Duc City Secretary affirmed that in the coming time, the city government will focus on resolving complaints, lawsuits and site clearance to prepare for traffic projects, major infrastructure and calling for investment.

There have been many investors, large corporations at home and abroad wishing to invest in Thu Duc City. Mr Nguyen Van Nen

Ho Chi Minh City Party Secretary Nguyen Van So could not hide his impatience over the issue of Thu Thiem after 6 months in office. “Look directly at the truth, do not avoid it”, “Thu Duc city and the Thu Thiem problem, not heavy or light on either side”, “put efforts to solve the Thu Thiem problem” are messages by Secretary Nguyen Van Nen Prompted several times in the directions.

At the 5th meeting of the Party Executive Committee of Ho Chi Minh City, term XI held on April 13, the Secretary Should once again instruct the city leaders to find a way out for outstanding issues after the conclusion. Inspector on Thu Thiem new urban area.

“There are many investors, large corporations at home and abroad wanting to invest in Thu Duc city. The remaining issue is whether we are ready to meet the conditions to welcome them to invest”, Bi HCM City Party Committee letter said

 

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