Ho Chi Minh City authorities have conferred the status of historic relic on the Congregation of the Holy Cross Lovers and Thu Thiem Church in District 2.

The Government Inspectorate will announce the revised zoning boundaries of five adjacent quarters affected by the controversial Thu Thiem New Urban Area project in District 2, HCMC, ahead of the upcoming Lunar New Year.

An “innovation urban area” in eastern Ho Chi Minh City will include the Thu Thiem new urban area, Rach Chiec sports complex and Tam Da eco-tech center, according to plans announced at a ceremony on November 23.

HCMC Chairman Nguyen Thanh Phong has approved to collect over VND1.8 trillion (US$77.5 million) in unpaid land-use fee from the investor developing four key road projects in exchange for land in Thu Thiem new urban area.

The auction of 55 land plots in Thu Thiem New Urban Area in District 2, Ho Chi Minh City is expected to ­encourage foreign developers through the wide land area offered, the transparent conditions and low risks.

The Thu Thiem 4 bridge, connecting District 2 and District 7 with an estimated investment cost of about VND5.2 trillion ($226 million), is expected to boost the development of Thu Thiem new urban area.

As many as 55 plots of land, covering nearly 794,000 square meters, in the Thu Thiem New Urban Area in District 2, HCMC, which are to be put up for auction are valued at an estimated VND22 trillion (US$948 million).

Ho Chi Minh City People’s Committee will propose the Prime Minister Nguyen Xuan Phuc to allow South Korea’s Lotte Group to continue executing its Eco-smart City project located in Thu Thiem Peninsula in District 2.

Ho Chi Minh City (HCMC) has pledged to develop a detailed plan to turn the city into a regional and international financial hub after years of delay in carrying out the ambitious goal.

The HCMC government has written to the Ministry of Culture, Sports and Tourism asking for feedback on the construction of Ho Chi Minh Square in the Thu Thiem new urban area in HCMC’s District 2, Thanh Nien newspaper reported.

Ho Chi Minh City (HCMC) is soliciting investment to build a VND4.9 trillion ($210 million) financial, banking and trade center in Thu Thiem New Urban Area.

Authority of Ho Chi Minh City (HCMC) is calling on investors to join an auction for the land use rights of nine plots in Thu Thiem New Urban Area, District 2, local media reported.

Ho Chi Minh City (HCMC) is inviting investors to build a financial and banking, commercial and service center in Thu Thiem New Urban Area in District 2, with a total investment of nearly VND5 trillion, said the city’s Department of Planning and Investment. So far, local enterprises and those from Australia, Singapore and the United States have expressed interest.

Controversial issues surrounding the Thu Thiem New Urban Area project in District 2 of HCMC could be put on the agenda of the seventh sitting of the National Assembly (NA), which kicks off later this month.

The Ho Chi Minh City government has given approval to a local property developer to build technical infrastructure on three land lots covering 38.4 hectares for resettlement of residents in the Thu Thiem New Urban Area in District 2’s Binh Khanh Ward.