Ho Chi Minh City pushes forward $30 trn administrative hub and $9.5 bn infrastructure upgrades

Vietnam’s Ho Chi Minh City is accelerating a massive urban development program. A new political‑administrative complex spanning 47 ha in Thủ Thiêm, backed by a 30,000 billion‑VND (≈$1.3 bn) PPP investment from Sun Group, is slated to start operations in 2028. The complex will feature a 26‑storey, 272,000 m² tower, a central plaza, conference facilities and a lakeside park, and will be linked to major arteries, the metro line 2 (Bến Thành‑Thủ Thiêm) and the future Thủ Thiêm‑Long Thành rail corridor.

The city’s Department of Construction has also approved 37 future‑sale real‑estate projects for 2026, comprising 21,165 residential units over more than 1.7 million m² – an increase of 133 % over the previous year. Apartments dominate the mix (≈80 % of units), with flagship schemes such as The Gió Riverside (2,905 units) and Metro Star (1,177 units). Low‑rise housing projects add another 6,299 units, including the International University Township with 3,549 homes.

In the eastern district, a suite of infrastructure works worth about 251,443 trillion VND (≈$9.5 bn) is under way. The package includes the third ring road, extensions of the Ho Chi Minh‑Long Thành highway, new bridges, and three metro lines – Bến Thành‑Thủ Thiêm (already built), Thủ Thiêm‑Long Thành, and line 6 (Tân Sơn Nhất‑Phú Hữu) – scheduled for 2026‑2027. The projects aim to cut travel times, improve connectivity to the Long Thành airport and ports, and reshape the city’s urban fabric.