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Vingroup to develop sports & entertainment complex in HCMC

Released at: 15:42, 30/10/2015

Vingroup to develop sports & entertainment complex in HCMC

Stadiums and gymnasiums among features of new complex in Thu Thiem New Urban Area.

by Thu Hoang

The Ho Chi Minh City’s People Committee has approved Vingroup becoming the developer of the Sport & Entertainment Complex at the 2C functional area in the Thu Thiem New Urban Area.

On an area of 39 ha, the 2C functional area is at the center of the urban area and Vingroup is expected to build international-standard stadiums, versatile gymnasiums, and a sports park.

Its development will assist efforts in attracting major investments in the other functional areas of the Thu Thiem New Urban Area.

The urban area sits to the east of the Saigon River, opposite District 1, on a total area of 657 ha, and will be a new and modern business district, enlarging the existing center of Ho Chi Minh City.

It has been divided into eight main functional areas. Each is characterized by a distinct mixed-use program and density range, as well as public spaces and key landmark buildings.

The “Core Area” of Thu Thiem includes the 2a, 2b, and 2c functional areas.

On an area of 10 ha, the 2a area, known as Eco Smart City, is being developed by South Korea’s Lotte and Japan’s Mitsubishi and Toshiba, with investment of $2 billion.

The 2b area, known as Empire City, on an area of 14.5 ha, is being developed by Empire City LLC with investment of $1.2 billion.

  • TAGS
  • Vingroup
  • Sport & Entertainment Complex
  • 2C functional area
  • Thu Thiem new urban area.

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