A Guide Ho Chi Minh City’s New CBD

District 2 in Ho Chi Minh City is one of the biggest urban development areas in Southeast Asia. The show case redevelopment project is the Thu Thiem New Urban Area, which is touted to become the new central business district of Ho Chi Minh City.

New cities are usually built far from the city centre. In the case of District 2 it’s opposite the historic old city, on the other side of the Saigon River.

Ho Chi Minh City has an opportunity that is unparalleled for a city this size. Thu Thiem is located on a peninsula of land where the Saigon River meanders into an almost full circle. It’s planned to be the new financial district of HCMC, taking the pressure off the buildings and roads of old Saigon.

This is an exerpt from an article appearing in Vietnam Briefing, a subsidiary of Dezan Shira & Associates. For the latest economic, regulatory and business news from Vietnam, visit vietnam-briefing.com.