Thu Thiem Eco Smart City is one of the major riverside developments the Thu Thiem new Urban Area in Ho Chi Minh City. With its prime location opposite District 1, this project is set to become a prominent landmark of the Saigon River waterfront.
The project is being developed by the Lotte Group from South Korea, and originally the title of the project was Lotte Eco Smart City.
Initially proposed in 2007, the project has been mired in delays and controversies. One of the major causes of the delay has been to do with land clearance of the proposed development area. While most of the former Thu Thiem village has been cleared, the government could not come to an agreement with the Thu Thiem Parish Church. The church compound sits on the riverfront section of the plots designated for the Lotte development area.
[Thu Thiem Church and the Empire City site under construction.]
After nearly a decade of deadlock, the government decided that the church would stay. With this news, Lotte’s previous plan had to be redrawn. The land allocated to Lotte was reduced from 10 lots down to 6, with the 4 reduced lots being the riverfront land.
Delays were further compounded by confusion over the planning map of Thu Thiem, which had apparently gone missing.
Construction for Thu Thiem Eco Smart City broke ground on 2 September 2022, attended by Lotte Group Chairman Shin Dong-bin.
Thu Thiem Eco Smart City Location
[Map of Thu Thiem Eco Smart City.]
Address: 2-5 Dai Lo Vong Cung, Thu Thiem, District 2, Ho Chi Minh City.
Transport and pedestrian access
Thu Thiem Eco Smart City will be the site of a metro station for the future Line 2 extension from Ben Thanh to Thu Thiem Central Station. The northern boundary of the site is Thu Thiem Square, where a new pedestrian bridge will connect District 1. This central location will make it one of the most sought-after addresses in the city.
Photos from 12 June 2022.
Lotte makes fresh Vietnam start after China exit and ‘5 lost years’ – [07/09/22]
“$900m shopping center paves way for No. 3 market after South Korea and Japan.”
Lotte breaks ground on Eco Smart City project in Vietnam – [04/09/22]
“The Thu Thiem Eco Smart City is a $900-million project that involves constructing a complex of buildings, including a shopping mall, multiple office spaces, a hotel, a cinema and apartment buildings in Ho Chi Minh City.”
https://www.koreaherald.com/view.php?ud=20220904000119 – [04/09/22]
“Under the $900 million Thu Tiem Eco Smart City project, the company plans to construct a 60-story building, with another five floors underground, comprising a shopping mall, cinema, office space, hotel, residences and apartments in Ho Chi Minh City.”
S.Korea’s Lotte Group kicks off $857mn complex project in Ho Chi Minh City – [03/09/22]
“South Korean multinational conglomerate Lotte Group has broken ground for its Lotte Eco Smart City smart complex project in the Thu Thiem New Urban Area in Ho Chi Minh City, with an investment of over US$857 million.”
Lotte’s Shin Dong-bin visiting Vietnam to attend groundbreaking – [22/08/22]
“Shin, who is currently in Japan, will depart for Vietnam at the end of this month to attend a groundbreaking ceremony set for Sept. 2. The Thu Thiem Eco Smart City project is led by Lotte E&C in Ho Chi Minh City.”
Lotte E&C to successfully complete Thu Thiem Eco-Smart City project in Vietnam – [27/06/22]
“Will build a smart complex worth about US$900 million in the Thu Thiem District of Ho Chi Minh City.”
Lotte E&C promotes 1 trillion won worth of development project in Ho Chi Minh City, Vietnam – [16/05/22]
“Lotte Engineering & Construction (Lotte E&C), South Korea’s construction engineering company, announced today that it will promote the “Thu Thiem Eco-Smart City Project” in cooperation with Ho Chi Minh City, Vietnam.”
Go-ahead given for Lotte eco-smart city – [29/07/20]
“The green light has been given for the continuation of a $900-million eco-smart city invested by a consortium of Lotte Group affiliates, which had been delayed for more than three years.”
HCMC church recognized as historic relic – [29/12/19]
“Ho Chi Minh City authorities have conferred the status of historic relic on the Congregation of the Holy Cross Lovers and Thu Thiem Church in District 2.”
Ho Chi Minh City green-lights Lotte Eco-smart City – [16/09/19]
Ho Chi Minh City People’s Committee will propose Prime Minister Nguyen Xuan Phuc to permit Korea’s Lotte Group to continue its Eco-smart City located in Thu Thiem New Urban Area.
In 2018, Ho Chi Minh City People’s Committee asked for the PM’s permission to scale down Lotte’s Eco-smart City from 10 to six land plots, citing difficulties in site clearance and compensation as grounds.
[An earlier version of the final design of Thu Thiem Eco Smart City.]
Lotte promises best places to live in Viet Nam – [05/12/18]
“The smart city projects will improve people’s living standards by providing them with access to spearhead technologies including Internet of Things (IoT), open platforms, cloud computing and environmental friendliness”.
– “Lotte wants to construct an iconic tower in the Thu Thiem New Urban Area, the CEO asserted, adding that the smart complex would boast a modern design and function with smart and cutting-edge technology.”
– “The construction will take approximately 72 months to complete.” – 6 years.
[A version of Lotte Eco Smart City with 10 lots.]
Lotte to develop $885mn smart city in Saigon – [26/07/17]
Lotte signs contract to build $884 million Eco-Smart City – [26/07/17]
“The 74,000-square metre site will incorporate a shopping mall, offices, hotels, serviced residences, and apartments. The 11 residential towers, 15-40 storeys each, covering 50,000sq.m, will be built first.”
Lotte Group lifts curtain on $2bn development – [13/11/07]