Work on Thu Thiem urban area’s smart complex to start in SepChairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and CEO of Lotte Asset Development Lee Kwang Young have agreed to start construction of a smart complex in the city’s Thu Thiem New Urban Area on September 2. CEO of Lotte Asset Development Lee Kwang Young presents the planning of the smart complex in Ho Chi Minh City's Thu Thiem New Urban Area to Chairman of the municipal People's Committee Nguyen Thanh Phong. Phong, for his part, said Ho Chi Minh City aims to turn the Thu Thiem urban area into a multifunctional finance-trade-service and residential centre, so the smart complex will apply information technology in management and residential services. The smart complex project, covering 7.54 hectares, is set to cost 20.1 trillion VND (nearly 885.5 million USD), excluding compensation and site clearance expenses. Thu Thiem New Urban Area is located on the east of the Sai Gon River, facing District 1, with a total area of 657 hectares.

Source: VietNamNet News April 17, 2018 03:22 UTC