Is Thu Thiem – The Pudong Of Ho Chi Minh City?
Thu Thiem is a 657-hectare site located in District 2 of HCMC, on the opposite side of the Saigon River from District 1 and the Central Business District. Being a large land area with a strategic location, the area has been envisioned by the government as a new financial, commercial and residential center for HCMC. However, Thu Thiem remains largely a greenfield site and until recently has had little connection with the rest of the city. This report examines the opportunities that Thu Thiem will offer as well as the challenges that it must overcome in order to establish itself as the new center of HCMC.