•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Ho Chi Minh City has selected Sun Saigon Investment and Development Co., Ltd. as the public-private partnership (PPP) investor to build the central city square and the City Hall under a build-transfer (BT) contract. The project is expected to be implemented over two years, from 2026 to 2028.
The City People’s Committee of Ho Chi Minh City issued a decision appointing Sun Saigon Investment and Development Co., Ltd. as the investor for the central square and the City Hall under the PPP BT method.
Under the commitments, the investor will allocate more than 5,963 billion dong in equity and mobilize about 23,673 billion dong in loan funds to implement the project. The city also assigned the investor to prepare a feasibility study, along with capability documentation and a draft contract for review and approval in accordance with applicable procedures.
Sun Saigon Investment and Development Co., Ltd. is responsible for storing project records and providing information when requested for auditing, inspection, and supervision. The Department of Finance is tasked with full responsibility for the project’s legal basis, the accuracy of content submitted for approval, and advising the city on appraisal procedures.
The project spans nearly 47 hectares and includes four components:
According to the city’s plan, Component 4 is scheduled to begin on 29 April, to mark the 51st anniversary of the National Reunification Day.
Once completed, the Central Square and City Hall complex is intended to serve as a modern, centralized political-administrative hub, supporting state agencies and helping streamline the organizational apparatus to improve governance efficiency. The project is also expected to optimize land use and enable the reallocation of existing offices for public purposes.
Duy Quang, Tiền Phong
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
