Want to be in the loop?
subscribe to
our notification
Business News
HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Downtown HCMC is seen from the Thu Thiem New Urban Area - PHOTO: LE VU
HCMC – Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth.
To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.
The information was released at a meeting of the Executive Committee of the HCMC People’s Committee Party Committee for the 2025–2030 term held on April 10.
The simultaneous launch of work on these huge projects highlights initial progress in leveraging special mechanisms under the National Assembly’s Resolution 260, enabling the city to better mobilize social resources and stimulate investment.
Among the projects, a political-administrative center and central square complex in the Thu Thiem New Urban Area marks the next step in developing a modern urban space, following the Rach Chiec Sports Complex. The project is expected to improve the efficiency of public administration and better serve residents and businesses in the eastern part of the city.
Notably, the Nha Rong Wharf–Khanh Hoi Riverside Park project has been identified as a key cultural and historical project. Following its groundbreaking, construction will be accelerated, with completion targeted for National Day on September 2, 2026.
The projects are slated for groundbreaking on the occasion of Reunification Day, April 30:

Source: The Saigon Times
Related News
D’HOI CONCERT AT HOIANA – REDEEM YOUR EXCLUSIVE “BUY 4 GET 1” OFFER NOW!
We are pleased to share an exclusive cultural highlight of this summer — the D’HOI Concert. Inspired by the rhythm of the sea and the energy of Central Vietnam, D’HOI blends contemporary music, art, and coastal lifestyle into an elevated live experience. D’HOI celebrates contemporary Vietnamese creativity with dynamic staging, coastal-inspired visuals, and a lineup of rising and established artists. Join us for an unforgettable evening by the sea.
EXPLORE SAIGON'S NEW CULINARY COLLECTIVE AT LEVEL 3, UNION SQUARE
Guided by a collective of talented chefs, each restaurant is defined through its cuisine, space, and attention to detail. From business lunches and evening gatherings to private occasions and curated gifting. This collection brings every dining moment into one distinctive destination – where people gather, reconnect, and share meaningful moments.
HCMC TARGETS COMMERCIALIZATION OF OVER 60% OF AI RESEARCH
The HCMC People’s Committee has issued a plan to implement the city’s program on artificial intelligence (AI) research and development for 2026 under the 2020–2030 roadmap. A key target is to raise the rate of direct application and commercialization of AI research outcomes and intellectual property assets to more than 60%.
HCMC SEEKS SOUTH KOREAN INVESTMENT IN FOUR SECTORS
In the next phase of its development, HCMC is prioritizing efforts to attract investment from South Korean businesses in four strategic sectors, including developing an international financial center, building AI and semiconductor ecosystems, expanding the startup and venture capital ecosystem, and advancing smart urban and green growth projects.
VIETNAM PRIORITIZES 70 HIGH TECHNOLOGIES, 100 NEW PRODUCTS
Starting July 1, Vietnam will prioritize investment in the development of 70 high technologies and encourage the development of 100 high-tech products as part of efforts to shape investment flows and accelerate growth in the digital economy. The policy is outlined in Decision No. 23/2026/QD-TTg issued by the prime minister, replacing Decision No. 38/2020/QD-TTg, which had been in effect for more than five years.
CAN THO TARGETS TOURISM REVENUE OF VND22 TRILLION BY 2030
By 2030, the Mekong Delta city of Can Tho looks to attract around 18 million visitors and generate tourism revenue of VND20–22 trillion as it seeks to make tourism a key economic sector contributing at least 10% of the city’s gross regional domestic product (GRDP). The strategic target is outlined in a newly issued resolution by the Can Tho City Party Committee on accelerating tourism development.
























