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Ho Chi Minh City construction update – 2022 edition

June 21, 2022 By James Clark Leave a Comment

Ho Chi Minh City construction update – 2022 edition

This is the 4th annual Ho Chi Minh City construction update at Future Southeast Asia. (If you are new to the site, here are the updates for 2019, 2020, and 2021.) This update features some of the most prominent projects that are under construction, and projects that have had noteable news updates over the past year.

IFC One Saigon

IFC One Saigon

Let’s start the 2022 edition of the Ho Chi Minh City construction update with some amazing news. After a decade of haunting the city skyline with its abandoned concrete shell, Saigon One has found a new developer and it is now IFC One Saigon. This 41-floor tower will include office and residential space with a retail podium.

IFC One Saigon

There have been other projects that have stalled and then been taken over by a new developer, only to remain stalled. The new owner (Viva Land) is now on the site and removing the original glass in preparation for the new glass facade. The new triangular façade design will create a dragon scale effect.

Triangular windows of IFC One Saigon

I stated using Saigon as a travel base in September 2012, a few months after this project stalled. This ghost tower has been a permanent fixture in my time here, so I wont believe it is finished until I am surveying the city skyline from the rooftop bar. For now, it seems like it is back on track.

Concrete shell of Saigon One
[Are these the last days of the Ghost Tower of Saigon?]

Thu Thiem 2 Bridge

Thu Thiem 2 Bridge

Equally amazing as the resumption of the Saigon One tower was the completion of the Thu Thiem 2 Bridge. Construction of this bridge broke ground in February 2015, and it was inaugurated in April 2022, taking over seven years to complete.

One Central HCM

One Central HCM

While IFC One Saigon reanimated from its decade-long zombie status, One Central HCM has fallen back into stalled status. This project has been off and on for years, and it appeared to be making good progress last year when the two towers on top of the podium began construction.

Stalled construction of One Central HCM

I was hoping that this would get finished in time for the opening of the metro line, so then the entire Ben Thanh area could be done with construction mess.

Read more about One Central HCM.

Ben Thanh Station and Le Loi

Ben Thanh Market Station

Ben Thanh Station is the future central station of the HCMC Metro, and there will eventually be three lines that interchange here. Line 1 is years overdue, and I will do a separate report on the status of the metro.

The major structural work at Ben Thanh is finished, so the surface above the station is being returned for public use in the next few months. At the moment it’s still a giant construction site so it is hard to tell what it will look like in the end.

Ben Thanh construction site

There used to be a big traffic circle in front of the market, and that will be restored.

Le Loi (the street between Ben Thanh and the Opera House) is also being restored after being sealed off for construction use. This used to be a tree-lined street with four rows of trees. Disturbingly, the section at the Opera House metro hasn’t had any new trees planted. I had read that this was going to be landscaped with a walking plaza. Instead, they have restored 10 lanes of road on a road that doesn’t need 10 lanes. I am hoping this is temporary until they come up with a design for a pedestrian plaza.

New Le Loi Street
[The new Le Loi – where are the trees?]

The Nexus

The Nexus

The Nexus finally restarted after some false starts. The Nexus will comprise three towers on the District 1 riverfront. The towers will be a mix of offices and apartments, with food/retail on the lower floors.

The Nexus construction site

Thu Thiem Eco Smart City

Thu Thiem Eco Smart City

Thu Thiem Eco Smart City is another project that has encountered years of delays. South Korean conglomerate Lotte is developing the project, but they were held up by the Thu Thiem Parish Church, which refused to move from its riverside location. The church won in the end, so Lotte had to go back to the drawing board to make a new plan without the church land.

There haven’t been any updated images of what the project will look like, but there has been movement on the site. The land has been boarded up with Eco Smart City branding. Read more about Thu Thiem Eco Smart City.

Lotte Eco Smart City

Land at Eco Smart City

Eco Smart City with a view of Empire City

Empire City at Mai Chi Tho

Empire City

Empire City - Thu Thiem

Another project that has been dragging on for years (like everything in the Thu Thiem New Urban Area) is Empire City.

Empire City at Mai Chi Tho

Progress has at least been made here, with some of the apartment complexes finished and lived in. The street level is also filling in with some shops.

Empire City

The landmark tower by Büro Ole Scheeren has not started yet, and at the moment the land that it will occupy remans an empty lot.

Empty land at Empire City

Empire City showroom

Read more about Empire City.

The Metropole

Metropole Thu Thiem

The Metropole is billed at “the new metropolis of Saigon”.

New Metropolis Of Saigon

The Metropole is turning out to be the success story of the riverfront Thu Thiem developments. Even though Empire City and Eco Smart City have had a longer head start, The Metropole has made significant progress over the last year.

The Gsalleria

The Metropole is at the Thu Thiem side of the Thu Thiem 2 Bridge, and this area is now starting to hint at the promise of what this new urban area was meant to look like.

The Metropole at Thu Thiem 2 Bridge

The Hallmark

There is still no word yet on what the opera house project will look like. The government wanted an iconic building next to the new bridge, inspired by the Sydney Harbour Bridge and Opera House. The Metropole has been using a placeholder building in the location of the opera house.

Future Opera House next to Thu Thiem 2 Bridge

Hilton Saigon

Hilton Saigon

The Hilton Saigon is almost (finally!) complete. This hotel project has also taken years, though pandemic shutdowns didn’t help it. From a distance it looks finished, and I have seen the LED lights being tested out on some nights.

Hilton Saigon

The front has been landscaped and it has been sealed up waiting to open.

Hilton Saigon work site

Grand Marina Saigon

Grand Marina

Grand Marina Saigon is a multi-tower serviced apartment project in the Bason area on the Saigon River. This is the first JW Marriott & Marriott branded residence in Vietnam, (apparently the largest Marriott branded residence in the world).

Grand Marina construction

The Grand Marina project includes the former Centennial project by Alpha King. This tower was half-finished before it was abandoned, and what happened to the other Alpha King projects remains unknown.

Grand Marina former Centennial tower
[Grand Marina former Centennial tower.]

Sun Tower

Sun Tower

Sun Tower is another project that has been years in the making. The tower broke ground in 2021, and construction is now progressing above ground.

Sun Tower construction site viewed from Thu Thiem 2 Bridge
[Sun Tower construction site viewed from Thu Thiem 2 Bridge.]

Techcombank Saigon Tower

Techcombank Saigon Tower

Techcombank Saigon Tower on Le Duan St is almost finished.

Techcombank Saigon Tower construction

The Grand Manhattan

The Grand Manhattan

The Grand Manhattan is progressing well. This is the first big project in this street of District 1. It’s an old street in a central location, so it will stand out among its surroundings.

The Grand Manhattan

The name annoys me though as there is nothing Manhattanesque about it (there are also apartments in Saigon with Lincoln and Madison it its name). The illustrated photo is also proof of why you (or someone representing you) should do a site inspection.

The Grand Manhattan

Eximbank Tower

Eximbank Tower

The Eximbank Tower is a proposed office tower behind the One Central HCM project. This was planned in in 2012, and then it was put on hold. A local news site reported in May 2022 that Eximbank’s general meeting of shareholders approved the construction of new headquarters. Some new posters featuring the refreshed bank logo have been added to the construction fences.

Eximbank Tower

The Global City

The Global City

The most globally high-profile new project over the last year was the announcement of The Global City by Masterise. I say globally high-profile as the architectural advisor for this development is Foster + Partners. With such a world-famous name, The Global City was featured on most of the major architecture news sites.

The project is still in the preparation stage, so I didn’t do a site visit. Instead, I visited the Masterise showroom in An Phu.

Masterise showroom in An Phu
[Masterise showroom in An Phu.]

This project already disappoints me for several reasons. First of all, where is the signature building? Foster and Partners are famous for their famous buildings, including the Gherkin and the Great Court. Why employ a starchitect if they aren’t going to build a global landmark.

I’m also disturbed by the rows of identical shophouses. This is a big problem in Vietnam, from Phu Quoc to Phan Thiet. This is not how you build better new cities.

Model of The Global City
[Model of The Global City.]

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Filed Under: Construction Updates, Vietnam

About James Clark

James Clark is the editor of Future Southeast Asia and is currently based in Ho Chi Minh City. Follow his travels at nomadicnotes.com and on Twitter at @nomadicnotes

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