The Ho Chi Minh City People’s Council has officially approved a proposal to bypass the traditional bidding process and instead select a strategic investor for the Binh Quoi – Thanh Da project.
This decision follows the National Assembly's Resolution No. 260/2025/QH15, which amends and supplements Resolution No. 98/2023/QH15, designating the development as a strategic project eligible for a specialized investor selection mechanism.
Under this framework, the HCMC People’s Committee is tasked with organizing the selection process for the Binh Quoi – Thanh Da New Urban Area using the pilot policies and special mechanisms granted by the National Assembly through Resolutions 98 and 260.
According to the proposal submitted by the municipal People’s Committee, the Binh Quoi – Thanh Da New Urban Area spans approximately 423 ha with an estimated total investment of over VND98 trillion (over $3.8 billion). It is identified as a vital focal point for urban development within the city's approved master plan.
Under the 1/2,000 scale zoning plan, the area is envisioned as a central urban and administrative hub featuring a signature wetland park, playing a key role in the city's spatial development structure.
The project is oriented toward becoming a comprehensive, integrated urban hub that includes residential zones, mixed-use areas, administrative and service centers, commercial and tourism facilities, and an extensive network of parks, greenery, and water bodies.
The development will feature synchronized technical and social infrastructure, focusing on its role as a wetland park and its ability to adapt to climate change.
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