HCMC – The Government has approved a plan to transform Thu Duc City, a jurisdiction under the authority of HCMC, into a leading international financial hub and a cutting-edge smart city by 2040.
Deputy Prime Minister Tran Hong Ha recently signed a master plan outlining Thu Duc City’s development. Established in 2021, the city is expected to have a population of 1.5 to 1.8 million by 2030.
The plan divides the city into nine distinct zones, with the Thu Thiem urban area at its core as a financial district. This district will feature advanced infrastructure and a diverse ecosystem of financial services to create a dynamic and competitive financial environment.
Thu Duc City will be home to a high-tech park and a science and technology park, driving innovation and technological advancement. Additional industrial zones will focus on advanced manufacturing and efficient logistics to boost economic competitiveness.
The development strategy includes an expansion of the public transportation network to enhance connectivity for residents and businesses. Green spaces will be increased, and environmental sustainability measures will be prioritized.
To support these objectives, the Government has committed substantial investments in infrastructure development and will foster a business-friendly environment to attract both domestic and international investors.
Thu Duc City’s transformation is expected to act as a major driver of economic growth for both HCMC and the broader Southeast region.
