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[BUSINESS] · Vietnam · 2 sources

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Ho Chi Minh City approves 37 billion VND Hoc Mon Park renovation

The Ho Chi Minh City People's Committee has approved a project to renovate Hoc Mon Park using a public-private partnership (PPP) model. The project, valued at over 37.6 billion VND, will be funded and implemented by Viet Him Lam Co., Ltd. through a build-transfer (BT) contract that does not require government payment.

The renovation covers an area of approximately 7,872 square meters. While the existing Hoc Mon District Mansion and memorial stele will remain unchanged, the surrounding landscape will be upgraded. Key improvements include relaving the 1,071 square meter courtyard with non-slip granite, enhancing greenery, and installing new lighting systems.

New facilities will include a central plaza of over 1,632 square meters, a 12-meter wide walking path, a 132 square meter reading space with seven book display compartments, and a 174 square meter children's playground. The project also features a sports area, a management building with public restrooms, and a 445 square meter parking lot. The project is expected to take place between 2026 and 2027.

Entities

Ho Chi Minh City People's Committee · Hoc Mon District Mansion · Hoc Mon Park · Viet Him Lam Co., Ltd.