The Dong Hoa Ward People’s Committee in Ho Chi Minh City has officially issued an invitation for international bids to select an investor for the Chau Thoi Mixed-use Urban Area project.
Estimated at a total investment of over VND27.3 trillion (approximately $1.1 billion), the project will cover an area of 109.14 ha.
As a land-use investment project focused on urban development, the selection of a developer will be conducted through an international open tender process.
The primary objective of the project is to develop a synchronous new urban area comprising residential housing, mixed-use complexes, commercial and service spaces, offices, tourism and accommodation facilities, integrated technical infrastructure, green spaces, and public works.
The project is scheduled for a 50-year operating term. Following the completion of investor selection and contract signing, the site clearance and investment preparation stage is expected to last three years, followed by a five-year construction and commissioning phase starting from the date of land handover.
Bidding documents are being issued at a price of VND30 million ($1.140), and investors are required to submit their bids directly to the Dong Hoa Ward People's Committee. The deadline for bid submission and the subsequent bid opening ceremony is set for 9am on August 31, 2026, with a required bid security of VND137 billion ($5.2 million).
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