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On 31 August 2010, South Rach Chiec Central LLC hosted a topping out ceremony for the first resettlement condo project at An Phu-Binh Khanh quarter in HCMC’s District 2.

The resettlement buildings were developed under the form of land in exchange for infrastructure. That means the city, instead of using its budget for building those condos, called for private companies to invest their capital, and in return, the city will give land to those companies.

This is the first resettlement condo project developed in collaboration between the local government and a foreign partner – South Rach Chiec Central LLC, which is a joint venture between Flemmington Investments wholly owned by Singaporean developer Keppel Land and local partners Tien Phuoc and Tran Thai companies.

The resettlement condo project at An Phu-Binh Khanh is part of the city’s program to build some 12,500 apartments for displaced families in the New Urban Thu Thiem. Some 13,000 families were displaced to offer land for the new urban development.

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April 8th 2016, My My Trades and Services Company Limited, a member of Tien Real Estate Joint Stock Company just started the construction of American International Hospital (AIH) – the first hospital to follow American standard in Vietnam.

Construction Commencement Ceremony of AIH

The Construction Commencement Ceremony has seen attendance of representative of HCMC People’s Committee, HCMC Department of Health, related authorities, press agencies and especially domestic and international medical professors and doctors.

American International Hospital will be the first hospital to be constructed following the American standard in Vietnam. With its capacity of 150 beds, AIH will be equipped with most modern medical facilities with a team of highly-skilled medical practitioners and specialists trained in the U.S and Vietnam. AIH will be mainly major in GI-Liver, Vascular surgery, Gynecology & Obstetrics, Pediatrics, Urology. In addition, AIH will also focus on research as well as cooperation with other well-known hospitals in the U.S.

Board members of AIH and honored guests

According to Ms. My Linh, Director of branch of My My Trades and Services Company – American International Hospital, the company’s investment in the Hospital is based on its wish to develop a high-quality medical institution with top medical services to accommodate the community’s needs for healthcare.

Situated in District 2, one of the fast-pace developing districts of Ho Chi Minh City, AIH is projected to be completed after 18 months and launched in March 2018.

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Thu Thiem New Urban Area is planned to be a new modern world-class city center within Ho Chi Minh City. This will be a sustainable urban area with strong integrations between modern facilities/structures and natural sceneries to enhance working and living quality standards. This area will include financial center, commercial component, services, mixed-use residential as well as other cultural, pleasure and entertainment related projects accommodating the requirements of Ho Chi Minh City for its long-term development.

On June 30th, 2015, the People Committee of Ho Chi Minh City hosted the Investment Certificate Presentation Ceremony for Empire City Limited Liability Company for the development of the Thu Thiem Observation Tower Complex Project (as also known as the Empire City Project) in the core of Thu Thiem New Urban Area.

The Empire City Limited Liability Company is the Joint Venture Company at the ratio of 50%-50% between two local parties, which are Tien Phuoc Real Estate Joint Stock Company and Tran Thai Lands Company Limited, and Denver Power Limited (United Kingdom), which is managed and controlled by Gaw Capital Partners Group – a multinational fund management corporation.

According to the approved planning task, the purpose of the project is to accomplish the whole technical infrastructure on a land area of 14.56 ha, along the Mai Chi Tho Boulevard and alongside the Saigon River, and also develop and operate a complex of hi-end commercial center, 5-stars hotel, international standards residential and serviced apartments, offices, underground parking… with a total gross floor area of 730,000 sqm, in which, there is an 86-storeys building – a focal landmark of Thu Thiem New Urban Area. The registered capital of the project is around VND26,000 billion which is equivalent to USD1.2 billion. The project will be developed from the fourth quarter of 2015 and expect to be completed in 2022 through 4 phases.

According to Mr. Vo Sy Nhan – General Director of the Project Company: “The Empire City LLC is trying the best effort to complete all the necessary investment procedures to promptly commence the groundbreaking in the fourth quarter of 2015. Concurrently, the Project Company will arrange capital resources from foreign financial institutions with the best interest rates and will utilize mostly Vietnamese workforce and also the experience from foreign partners to develop and operate this grand project. The Empire City project will definitely create a fantastic living – working – entertainment environment in Thu Thiem New Urban Area as well as in Ho Chi Minh City.”

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The residents had been living in a temporary 17.3 hectare resettlement area in An Phu-Binh Khanh Ward.

Speaking at a ceremony to hand over the apartments, Le Thanh Hai, Secretary of the City Party Committee expressed his gratitude to the residents who had patiently cooperated and evacuated their homes so that the development project of the new urban area in the city could take place.

Mr. Hai asked the District 2 People’s Committee to help residents settle into their new homes.

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Tien Phuoc Co. Ltd. and 990 Co. Ltd. held a topping out ceremony for Le Meridien Saigon, a mixed-use project with a five-star hotel and a grade A office building on Ton Duc Thang Street in downtown HCMC. Once in place by late 2012, the project will provide the market with 350 hotel rooms and nearly 14,000 square meters of office space. Starwood Hotels & Resorts Group will manage the Le Méridien Saigon Hotel.

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The 17.3-hectare resettlement quarter comprises a total of 1,844 apartments, including the 512 finished ones. The completed flats are sited in two apartment buildings, 28 levels each, that the developer started construction late 2008.

Mr. Quan, the City People’s Committee chairman, vice chairman Nguyen Thanh Tai, and representatives of District 2 and the developer cut the red ribbon to launch the new apartments. The City Mayor also presented electric fans as gifts to the new residents.

He told the new residents that Thu Thiem, where they are living, would become a financial and trading center of the country by 2020.

Vo Thi Dung, 60, one of the residents receiving the house keys this time, told Sai Gon Giai Phong, “I’m very happy to see such a new house.” In her hands were a token key and an electric fan she just received from the City Mayor.

South Rach Chiec LLC chairman Nguyen Thanh Lap said, “We’ve developed the project under a public-private initiative with the City People’s Committee. We’ve successfully completed 512 resettlement apartments and will continue to build the rest among the 1,844 in the project.”

The completed flats are of two sizes – 47 square meters with one bedroom and 61 square meters with two bedrooms.

This resettlement project area will also include a new kindergarten, primary school and market.

The project developer, South Rach Chiec LLC, is a partnership between Singapore property developer Keppel Land and two Vietnamese property developers namely Tien Phuoc Co. and Tran Thai Co.

This project is one of the city’s three resettlement projects that will build 12,500 apartments in all for dwellers who have to relocate because of the development of the Thu Thiem New Urban Area in District 2.

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Le Meridien is a complex building consists of a five-star hotel of international standard and Class A office building with the total floor area of 43,625m2 including 3 basements, 24 storeys and 350 flats with total investment capital of USD 120 million.

Located in the favorable position in Ton Duc Thang, Le Meridien hotel is managed by the Starwood Group. When conpleting, this project will be the embellish point in the heart of city and deliver the high ranking accommodation. Particularly, this is the five-star hotel project performed by domestic contractor in the first time, it is the great honor of Vietnam contractors in general and Hoa Binh in particular. Hoa Binh is in charge of superstructure and finishing with the value of contract is about VND 500 billion.

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On 12 January 2010, Vietnam and Singapore manifested their strong economic ties by signing several cooperation agreements at the witness of Prime Minister Nguyen Tan Dung and his Singaporean counterpart Lee Hsien Loong, who arrived in Hanoi on the same day for an official visit.

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On 31 August 2009, Le Meridien has signed its first hotel in Vietnam, Le Meridien Saigon. Owned by Tien Phuoc & 990 Company Limited, the hotel is scheduled to open in July 2012.

HCMC 31st Aug 2009, Le Meridien has signed its first hotel in Vietnam, Le Meridien Saigon. Owned by Tien Phuoc & 990 Company Limited, the hotel is scheduled to open in July 2012.

Le Meridien Saigon is part of a mixed-used 22-storey tower comprising of the hotel and office space. The hotel will feature 350 guest rooms, 4 restaurants and bars, a health club, an outdoor swimming pool, spa and close to 800 square meters of meeting space.

Located on Ton Duc Thang Street, in the heart of Ho Chi Minh City and along the Saigon River, Le Meridien Saigon will be within walking distance to the commercial and entertainment districts of the city and about a 45-minute car ride from Tan Son Nhat International Airport.

Miguel Ko, Chairman and President of Starwood Hotels & Resorts, Asia Pacific, said, “Vietnam is amongst the fastest growing nations in Southeast Asia and in the world and has been experiencing strong leisure and business travel within and into the country. The growing demand presents us with tremendous opportunities to better serve the needs of travelers.”