Lotte to build smart complex in Thủ Thiêm


Update: May, 04/2017 – 11:41

HCM City People’s Committee has selected Lotte group as the investor of a smart complex project in the city’s Thủ Thiêm New Urban Area. — Photo
HCM CITY – HCM City People’s Committee has selected Lotte group as the investor of a smart complex project in the city’s Thủ Thiêm New Urban Area.

The project is set to cost the investor VNĐ20.1 trillion (nearly US$884 million), excluding site clearance expenses.

It aims to develop a multifunctional finance-trade-service and residential centre, in which finance, trade and service functions play a crucial role in the core area of Thủ Thiêm.

Roads and technical infrastructure inside the complex and connecting with other areas in Thủ Thiêm will also be constructed under the project.

The project is scheduled to be carried out in 72 months following approval of the investor and will be operated for 50 years by Lotte.

Thủ Thiêm New Urban Area is located on the east of the Sài Gòn River, facing District 1, with total area of 657ha. It is expected to be a new centre of finance, commerce and services, along with culture and entertainment in HCM City. – VNS

This entry was posted in Building new city - Xây đô thị mới, Economics - Kinh tế, Urbanization - Đô thị hóa and tagged , , , , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development ( I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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