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Sun Group Proposes 3 Major Projects Worth Billions in Thủ Đức

Posted by Khoi Pham on February 20, 2025
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Sun Group has submitted a proposal to invest in three major projects in Thủ Đức, a district in Ho Chi Minh City. These projects include the Trường Thọ Urban Area, the Rạch Chiếc National Sports Complex, and the National Historical and Cultural Park. The total investment for these developments is expected to reach thousands of billion VND.

The proposal was presented by Trần Minh Sơn, Vice Chairman of the Board of Directors at Sun Group, during a meeting to promote the city’s development plan to 2040 and attract investment. If approved, these projects would mark the first major ventures for Sun Group in HCMC.

Table of Contents

Details of the Proposed Projects

Trường Thọ Urban Area (Near 145 Ha)

  • Type: Mixed-use urban development
  • Location: Strategically positioned near key transport routes such as Ring Road 2 and 3, providing easy access to central HCMC and the Eastern provinces.
  • Description: This urban area will include a financial, commercial, office, and administrative center. The location is currently vacant land under state management. According to the new plan, Trường Thọ will become a major urban hub in Thủ Đức.

Rạch Chiếc National Sports Complex (Near 187 Ha)

  • Type: National sports complex
  • Location: Located on the key Võ Nguyên Giáp – Mai Chí Thọ axis, the complex is expected to become a world-class sports destination for HCMC.
  • History: Although the project was proposed as far back as 1994, much of the land remains agricultural and swampy. It has yet to undergo land clearance for full development.

National Historical and Cultural Park (Near 400 Ha)

  • Type: Cultural park with specialized areas
  • Location: Located in Long Bình Ward, this large park will also offer eco-tourism and religious tourism.
  • Purpose: The park aims to become a cultural center that blends entertainment, history, and cultural education for both locals and tourists.

Thủ Đức’s Growing Potential and Urban Development

Thủ Đức is set to become a primary economic and cultural hub of HCMC by 2040. The district is divided into 9 sub-regions, with the goal of becoming a leading center for economic growth, technology, culture, and education. The population is expected to grow from 1.8 million in 2030 to 2.6 million by 2040, and exceed 3 million after that.

As a Type-1 urban area, Thủ Đức is part of a broader plan to develop HCMC’s eastern region as a vibrant center of economic and social development. With such rapid growth, the area is a magnet for significant investment opportunities.

Sun Group’s Ambitious Expansion in Vietnam

Sun Group is known for its large-scale developments, particularly in resort and spiritual tourism projects. With successful investments in over 16 provinces, the company is now focusing on HCMC as one of its key expansion targets. Beyond these three proposed projects in Thủ Đức, Sun Group has also been looking for opportunities in several other regions, including Hà Nam, Bắc Ninh, Quảng Nam, Đồng Nai, Bình Thuận, and beyond, with several projects expected to have multi-billion VND investments.

The proposal by Sun Group for these three landmark developments in Thủ Đức reflects the growing potential and opportunities within Ho Chi Minh City’s Eastern region. As the city continues its ambitious growth plan through 2040, these projects could help position Thủ Đức as a key player in Vietnam’s evolving urban landscape.

With Sun Group’s track record and expertise, these developments could significantly contribute to the city’s economic and cultural growth while providing modern infrastructure and public spaces for future generations.

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