Under the Prime Minister’s Decision 284/2006/QĐ-TTg for the development of the Nhon Trach Town in Dong Nai by 2020, the East Saigon Town development is part of that new town. It will be developed as a modern, world-class urban center on an area of 942 hectares. Its main features are:
● Being one of the industrial, commercial, service, tourist, education, science and technology centers of Dong Nai and the Southern key region.
● A transport hub of the Southern key region.
● It will play an important role in national security and defense in the Southern key region. Has favorable transport connection with:
The HCM City– Long Thanh – Dau Giay Expressway
The Bien Hoa – Ba Ria Vung Tau Expressway
The Long An – Nha Be – Nhon Trach – Ba Ria Vung Tau Expressway
The road linking District 9 of Ho Chi Minh City with Nhon Trach and Long Thanh International Airport.
With total investment capital of about USD 6 billion, the East Saigon Town, located in Phu Thanh, Long Tan and Vinh Thanh villages of Nhon Trach District, Dong Nai Province, is specifically designed as an eco-friendly, modern town with busy shopping centers, office buildings, health, education and sports services, high-rise apartment buildings, townhouses and villas. (more..)
A modern, lively urban center in proximity of Ho Chi Minh City with attractive features like that and various functional areas well suited to the landscape of the Southern key region.
A special, innovative urban structure with three main developments: Commercial, cultural and sports, and residential areas with perfect architecture and landscapes comparable to Phu My Hung Town in Saigon South.
Designed as an eco-friendly, energy saving town with open spaces and complete, convenient transport infrastructure.
Ablility to meet the increasing demand for offices and luxury apartments. Contribution to the socio-economic development in Dong Nai.
It will play an important role in national security and defense in the Southern key region. Has favorable transport connection with:
The HCM City– Long Thanh – Dau Giay Expressway
The Bien Hoa – Ba Ria Vung Tau Expressway
The Long An – Nha Be – Nhon Trach – Ba Ria Vung Tau Expressway
The road linking District 9 of Ho Chi Minh City with Nhon Trach and Long Thanh International Airport.
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Objective |
Contributing to the development of Dong Nai in the economic quadrangle of the South. Paving the way for the development of commerce, culture, sports and the community in East Saigon. |
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Location |
Phu Thanh, Long Tan and Vinh Thanh villages, Nhon Trach District, Dong Nai Province, Vietnam |
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Scale |
● Total investment capital: USD6 billion ● Total area: 942 hectares (ha) |
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Residential area, including: ● Apartments ● Townhouses (business and residence) ● Villas |
327 ha 98 ha 144 ha 85 ha |
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Public area: Commercial centers, office buildings, administrative area, schools and health services |
147 ha |
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Green Spaces: Cultural park, flower garden, playground, sports complex and trees |
215 ha |
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Transport, square and urban infrastructure |
253 ha |
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Items |
● Villas ● Townhouses ● Business townhouses ● Commercial centers ● Office buildings ● Condominiums of 9 – 20 stories ● Schools, health services ● Sports complex ● Cultural and entertainment areas ● Square ● Administrative, community and health care areas ● Parks, pools, canals and walkways ● Highways, overpasses and tunnels ● Elevated train system |
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Progress |
● Investment license granted ● 1/2000-scale plan approved ● Site clearance for about 600 ha ● 1/500-scale plan and technical infrastructure design being drafted |
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Construction development |
Second quarter of 2009 |
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Investment opportunity |
Experienced and capable partners are invited to join the project under different forms. Opportunities include capital contribution, strategic investment, joint venture, joint-stock company and transfering part of the project to sub-investors |
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Financial feasibility appraisal by CB Richard Ellis:
An area of 759 ha has already been approved for the project. Tin Nghia is asking the provincial government for approval of an additional 183 ha to bring the total area to 942 ha. Therefore, the company has two development alternatives.
FINANCIAL FEASIBILITY STUDY – PREPARED BY CBRE
Land area: 759 ha (has been granted)
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Land Area 759 ha |
Year |
Investment Cost ($US) |
NPV |
IRR |
Payback period (year) |
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Phase 1 |
2008 - 2012 |
181,005,003 |
1,753,197 |
18.30% |
4.80 |
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Phase 2 |
2013 – 2017 |
1,105,022,045 |
38,352,390 |
22.72% |
10.17 |
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Phase 3 |
2018 – 2022 |
1,734,276,072 |
52,398,166 |
30.12% |
5.02 |
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Phase 4 |
2023 – 2027 |
2,285,619,948 |
58,806,368 |
35.14% |
4.79 |
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Whole period |
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5,305,923,068 |
139,881,001 |
25.31% |
13.33 |
Land area: 942 ha (Extension)
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Land Area 942 ha |
Year |
Investment Cost ($US) |
NPV |
IRR |
Payback period (year) |
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Phase 1 |
2008 - 2012 |
211,466,507 |
2,355,006 |
18.80% |
4.50 |
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Phase 2 |
2013 – 2017 |
1,304,763,458 |
48,106,356 |
23.89% |
10.20 |
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Phase 3 |
2018 – 2022 |
2,040,633,465 |
51,035,137 |
26.15% |
5.10 |
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Phase 4 |
2023 – 2027 |
2,666,772,367 |
66,193,736 |
34.46% |
4.79 |
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Whole period |
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6,223,635,797 |
154,653,024 |
25.09% |
13.68 |