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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Vietnam’s goods trade balance remained in deficit in the latter half of March 2026, with the deficit reaching 56.48 million USD. A preliminary report from the General Department of Customs showed that in the period March 16–31, Vietnam’s total goods exports and imports rose to about 52.13 billion USD, up…
An investment consortium comprising Ho Chi Minh City Investment Finance Company (HFIC), REE Group, and VinaCapital Group has proposed investing about $1.15 billion to develop the IFC-99F financial tower on a 10,000-square-meter site in the Thu Thiem new urban area.
The proposed development would have a total floor area of around 400,000 square meters, including 99 floors above ground and five basements. The project is planned under a 70-year land-use term, with the consortium proposing to apply policies under National Assembly Resolution 222 to support development of an International Financial Center.
Under the proposal, the International Financial Center would allow a mix of residential and hotel components and would permit a three-year phased payment of land-use fees. The land price referenced in the proposal is about VND 350 million per square meter.
The 99-story tower is planned for the core VIFC-HCMC site in Thu Thiem. The building is described as multi-functional, intended to house offices, retail, and long-term leasing.
In early March, the Ho Chi Minh City People’s Committee approved the planning proposal to implement local adjustments to the Thu Duc City master plan through 2040 in Thu Thiem. The draft adjusts nine plots in Subzone 1 to host the International Financial Center.
The International Financial Center core is expected to increase the floor-area ratio, with the aim of creating a prominent high-rise intended to serve as a symbol for the center and the surrounding area.
The operations of VIFC-HCMC’s central administration are expected to begin in 2027.
As planned, the International Financial Center in Ho Chi Minh City would cover about 899 hectares and include around 1,000 tall buildings. Preliminary investment for the financial center is around 172,000 billion VND (about $7 billion).
Initial infrastructure work is projected to require about 16,000 billion VND to upgrade core area infrastructure, including roughly 9.2 hectares in Thu Thiem in the initial phase.
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…
