Thu Duc City in Ho Chi Minh City is projected to become an international financial hub and modern smart city by 2040.

The goal is part of a master plan outlining the development of Thu Duc City by 2040, which has been approved by the Prime Minister.

Thu Duc City will be developed into a creative city and a nucleus in boosting economic growth of Ho Chi Minh City and the southeastern region, basing on knowledge-based economy, science and technology, and development cooperation.

Focus will be placed on innovation, startups, and infrastructure development for the knowledge-based economy in order to transition economic activities from industry to services and high-value sectors.

Thu Duc City will include nine development 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.

Established in 2021, Thu Duc City, part of Ho Chị Mnh City,  is expected to have a population of 1.5 to 1.8 million by 2030.