Downtown The Global City – Waiting for a new center to strongly contribute to the economic development of HCMC

Ho Chi Minh City is the largest financial and economic center in the country. Two streets Nguyen Hue and Le Loi, up to this point are the two streets with the most expensive real estate in the city. On the website , there are still ads for sale of houses in front of Le Loi street, usually priced at around 1 billion VND/m2 depending on the large or small area.

Such a high price is because the two routes Le Loi - Nguyen Hue are considered the center of the city. This is home to many cultural works of the city for more than 100 years and is the first choice for shopping, dining and entertainment activities of tourists.

With a central location in District 1, the New Year holidays in this area often welcome hundreds of thousands of visitors and have fun every day. In the near future, when the Ben Thanh - Suoi Tien Metro project comes into operation, it is predicted that the land in this area may increase even more. However, due to "small land, crowded people" and business potential in the central area, no matter how high the price is, the number of people transferring real estate in this area is very small.

The Global City - Waiting for a new center to make a strong contribution to the economic development of Ho Chi Minh City

Nguyen Hue Walking Street,

At the existing center of Ho Chi Minh City, where the new land price list announced by the People's Committee of Ho Chi Minh City applies from August 25, up to 810 million VND/m2.

The Department of Planning and Architecture of Ho Chi Minh City also found that the Nguyen Hue - Le Loi route has great value, but it is only in terms of walking space, public space, and lacks synchronous connectivity with Metro stations and markets. Ben Thanh to form a large commercial center. Therefore, at the beginning of 2019, the department proposed to synchronously embellish the two routes mentioned above, as a basis to form the walking square in the coming years. It is expected that the Le Loi route will be embellished and divided into 3 phases after the construction of metro line 1 Ben Thanh - Suoi Tien is completed, which is both modern and ensures cultural and historical value.

According to Professor Dang Hung Vo - former Deputy Minister of Natural Resources and Environment, a leading expert on land: "The current Nguyen Hue - Le Loi center of the city is mainly symbolic, cultural and historical. . Due to the very rapid growth of population, Ho Chi Minh City should develop another big center of finance, commerce, technology…”.

Many experts agree with Mr. Vo's view of the historical value of the central area of ​​Nguyen Hue - Le Loi, which needs to be preserved and developed. However, its narrowness caused the city to need new larger, more modern centers.

A few years ago, before the National Assembly approved Thu Duc to city level, architect Ngo Viet Son Nam - an expert in the field of planning - commented that: The construction of the eastern city (Thu Duc) With 6 key innovation zones, equivalent to 6 large urban areas, the city's gross domestic product (GDP) will increase many times. This regional plan will be a plan for a larger city and longer-range development, with synchronous connection from infrastructure to technology.

The Global City - Waiting for a new center to make a strong contribution to the economic development of Ho Chi Minh City

An Phu intersection,

One of 7 arterial traffic locations connecting very close to "the heart of The Global City" is expected to expand this year and complete in 2025, at the same time as completing the expansion of the Ho Chi Minh City-Long Thanh-Dau expressway. Second

Professor Dang Hung Vo told Saigon Economic Review on June 22: “Each big city and central area has its own vitality. But the new hub for HCMC needs to be a place with high economic density, where people come and make money, plus other prime value in terms of feng shui.”

Mr. Vo suggested that the city's new center should be a major connection center for commerce, finance, and technology, located in the center of the city's key creative areas, a great energy urban area. dynamic, modern and classy, but must be designed and planned on an international level, not patchy or fragmented to attract investment and settlement of Vietnamese and international citizens.

As suggested by real estate and planning experts "ordering" with city leaders, The Global City - a mega-city with international standards of Masterise Homes is converging all the elements to become a center of the city. new center of Ho Chi Minh City.

The Global City

Perspective of The Global City project in An Phu ward, Thu Duc city

The project has a scale of about 117.4ha; frontage adjacent to Long Thanh - Dau Giay highway, one side adjacent to Do Xuan Hop street, next to Rach Chiec river, close to 3/6 key areas of the city. This great urban area is adjacent to Thu Thiem Financial - Technology Center, Hi-Tech Park (SHTP), Information Technology - Education Technology Center (National University).. Within a radius of 2km , The Global City easily connects to the key routes of the area such as Hanoi Highway, Mai Chi Tho Boulevard... and as a gateway to the city center from Long Thanh airport.

According to the project developer's estimate, with vibrant entertainment, entertainment and dining activities, The Global City has a total capacity of up to 192,000 people including visitors and residents. Utilities such as commercial centers, hospitals, schools, 2km long canal with the leading scale water music park in Southeast Asia ... will be magnets to attract tourists to the new center of the city.


The Global City converges all elements on a new center of Ho Chi Minh City

Besides, with a large area of high-rise and low-rise housing components, The Global City is expected to become one of the large-scale residential areas of Thu Duc City, possibly up to 37,000 People.

Bringing together the advantages of methodical planning, international-class investors, well-connected infrastructure, prime location of reality and future... creating good economic density as Professor Dang Hung Vo said. , then The Global City is really a new center to "make money" for investors with good business vision.

The Global City - The largest water music festival in Southeast Asia


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