'Forgotten' peninsula in HCMC left in limbo

By Minh Anh, Huong Dung
Sat, March 25, 2023 | 9:31 am GMT+7

Lying in the heart of Ho Chi Minh City, Thanh Da Peninsula was once known as a precious pearl, boasting beautiful nature and a prime location. But now it seems to have been 'forgotten' amid the bustle of modern life.

Thanh Da Peninsula is sandwiched between the Saigon River and Thanh Da Canal, covering wards 27 and 28 in Binh Thanh district, and only about 5 kilometers from District 1. Its eastern, southern and northern parts border Thu Duc city by the Saigon River.

The only entrance by road to the peninsula is over Kinh Thanh Da bridge from Xo Viet Nghe Tinh street. The Binh Quoi ferry from Thu Duc city’s Linh Dong ward is another option to access the peninsula.

This peninsula is divided into two areas: Thanh Da and Binh Quoi Tay. Binh Quoi occupies most of the peninsula with scattered residential areas, while Thanh Da area is home to Thanh Da Residence with old apartments built before 1975 and is somewhat busier than Binh Quoi due to its proximity to the district center.

A field in Thanh Da Peninsular. Photo by The Investor/Minh Anh.

A field in Thanh Da Peninsular. Photo by The Investor/Minh Anh.

In 1992, there were plans to develop Binh Quoi-Thanh Da into a "super urban area" covering about 426 hectares. It was expected to become a modern ecological urban area housing 41,000-50,000 people. However, planning has been suspended for 30 years and now the rural area stands vacant in the heart of Vietnam’s southern economic hub.

Nguyen Van Sau, a 61-year-old farmer in Binh Quoi, said his family grows two rice crops per year on three land lots ranging from 10,000 to 30,000 square meters.

"Besides planting rice, I also raise fish and grow lotus flowers in two ponds. Around 12 other households here also do the same," said Sau.

He said his family had lived there since before the Liberation Day in 1975, when there were just a few people. Since then the land has been passed on to their children or sold. Gradually, the local community has become larger and larger, but they mainly live along big roads.

“About 10 years ago, a construction company intended to develop a housing project here but then it went bankrupt. So the district authorities let us hire land to grow rice and vegetables,” he said.

Most houses in Binh Quoi are in disrepair and could collapse at any time. However, local residents are not permitted to build or repair their houses as the area they are living is under planning.

Le Van Thach, a teacher at Binh Quoi Tay Primary School, said his house was built by his parents in the 1990s. He cannot build a new house as the area was part of the Binh Quoi - Thanh Da urban area plan.

According to the teacher, there are more than 100 houses like his in the area. The development plans are still only on paper although it they were approved more than 25 years ago. Many meetings between authorities, business leaders and the public have been held during which locals asked for the plans to be scrapped so they can rebuild and repair their houses for safety reasons, but nothing emerged from those meetings.

Thanh Da residents use the Binh Quoi ferry to enter HCMC. Photo by The Investor/Minh Anh.

Thanh Da residents use the Binh Quoi ferry to enter HCMC. Photo by The Investor/Minh Anh.

Degraded houses and damaged roads can also be seen in Thanh Da, where life is busier.

Built in 1960, Thanh Da Residence was one of the first tenements in Saigon, used as a residence for military officers under the puppet government. The apartments here have an area of about 80 square meters each. Currently, there are about 4,300 households living in 22 apartment blocks.

After 63 years, the apartment complex is seriously degraded, with dark and damp corridors, criss-crossed electrical wires and water pipes, and many walls revealing rusty iron. Blocks IV and VI have been determined as having subsidence of over 2 degrees.

In 2014, Binh Thanh district relocated more than 280 households from the two blocks, which currently accommodate 11 families.

Ngo Thi Binh, a resident of an apartment in Thanh Da Residence block H, said that in 2010, the city had a plan to move residents out of the apartment building to build a new one. But after many investors showed and interest, the plan remains on paper.

Waiting for 25 years

In 1992, the Binh Quoi-Thanh Da urban area project was approved by the municipal People's Committee. In 2004, Saigon Construction Corporation was chosen as developer, but this unit could not implement the project. Therefore, in 2010, the local authorities revoked its decision.

In 2015, a consortium of Bitexco Group and Emaar Properties PJSC, a real estate company in Dubai, was selected as the new investor. However, in 2017, Emaar Properties PJSC withdrew from the project due to sluggish compensation, putting the plan on hold once again.

Under the 1/2000-scale plan, Binh Quoi-Thanh Da would have been developed into an ecological urban and resort area with a moderate population density. The project was expected to have a total investment of about VND30.7 trillion ($1.3 billion). It was to include three subdivisions accompanied by urban functional areas, public works and parks, with construction density of about 32%.

Once the project was completed, Thanh Da Peninsula would take on a completely new appearance, with lagoons, fields, ponds and lakes to be replaced by tourist resorts, commercial centers, restaurants and hotels.

Under the plan, the peninsula would have had high-rise and mixed-use apartment buildings, commercial areas, townhouses, shophouses and adjacent villas. Besides, there would be functional zones such as administrative, sports, health care and entertainment areas.

According to HCMC Vice Chairman Vo Van Hoan, in 2018, the municipal People’s Committee held a tender to choose a new investor for the Thanh Da project. However, the project has not yet found a developer to date.

In 2020, the Binh Quoi-Thanh Da new urban area project was removed from the land use plan of Binh Thanh district, but Thanh Da is marked to become a new urban area meeting the criteria of a modern eco-city.

Thanh Da Peninsula is expected to see many positive signals in the future as in September 2022, the Department of Transport proposed the city administration prioritize the construction of Can Gio, Thu Thiem 4, Binh Quoi and Binh Quoi-Rach Chiec bridges linking Thanh Da Peninsula with the city center.

In addition, the Department of Natural Resources and Environment has also proposed the city People's Committee to allocate land to Thanh Da Housing Development Corporation to implement the first phase of a project to rebuild eight apartment blocks at Thanh Da Residence in Binh Thanh district’s ward 27.

Comments (0)
  • Read More
Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Vietnam's telco giant Viettel signs deal with France’s John Cockerill Defense

Viettel High Tech, the core military and civilian R&D arm of Vietnam’s military-run telecom giant Viettel, has signed a cooperation agreement with John Cockerill Defense, a leading weapon designer and manufacturer in France.

Companies - Thu, May 29, 2025 | 9:14 pm GMT+7

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

MB showcases comprehensive financial solution Biz MBBank at Digital Transformation Day event

Vietnam's leading bank MB on Thursday introduced its latest digital technology solutions, notably the Biz MBBank digital financial platform, at the "Smart Digital Ecosystem in the New Era" event organized by the central bank.

Companies - Thu, May 29, 2025 | 8:02 pm GMT+7

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnam's auto distributor TMT to launch $3.8 mln charging station firm

Vietnamese auto distributor TMT Motors has announced the establishment of a charging station company with a charter capital of VND100 billion ($3.84 million).

Companies - Thu, May 29, 2025 | 4:45 pm GMT+7

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

US's Excelerate Energy affirms intention to turn Vietnam into LNG hub for ASEAN

Excelerate Energy wants to make Vietnam a center for LNG distribution to the ASEAN region, president and CEO Steven Kobos told Prime Minister Pham Minh Chinh at a meeting in Hanoi on Thursday.

Energy - Thu, May 29, 2025 | 4:33 pm GMT+7

Bourse shifts to heat up Vietnam's banking stocks

Bourse shifts to heat up Vietnam's banking stocks

Several Vietnamese banks are planning to move their shares from the Unlisted Public Companies Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) this year, creating new momentum for banking stocks, long dubbed the “king” group.

Finance - Thu, May 29, 2025 | 2:48 pm GMT+7

Dairy giant TH Group proposes 5 projects in southern Vietnam

Dairy giant TH Group proposes 5 projects in southern Vietnam

TH Group, one of Vietnam’s leading dairy producers, has proposed five major projects in the southern province of Binh Phuoc, in the fields of industrial production and urban area, golf course and high-tech agricultural production zone developments.

Industries - Thu, May 29, 2025 | 12:02 pm GMT+7

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

2024 cyberattack 'a blessing in disguise' for Vietnam's leading broker VNDirect: chairwoman

The cybersecurity breach that major Vietnamese brokerage VNDirect Securities encountered in 2024 was "an unfortunate incident, but also a lucky chance", chairwoman Pham Minh Huong said on Wednesday.

Finance - Thu, May 29, 2025 | 9:48 am GMT+7

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam prioritizes smart, green seaport projects: Deputy PM

Vietnam encourages smart and green seaport investments, as technical barriers related to CO2 emissions and CO2 taxes begin to be tightened up globally.

Infrastructure - Wed, May 28, 2025 | 10:07 pm GMT+7

New Zealand, Vietnam expand timber trade partnership

New Zealand, Vietnam expand timber trade partnership

New Zealand Forestry and Trade Minister Todd McClay on Tuesday unveiled a new bilateral agreement with Vietnam designed to boost timber exports and remove potential trade barriers in the two countries' forestry sectors.

Companies - Wed, May 28, 2025 | 8:53 pm GMT+7

Norway vows to support Vietnam's energy transition

Norway vows to support Vietnam's energy transition

Norway is committed to supporting Vietnam’s energy transition, Norwegian Ambassador to Vietnam Hilde Solbakken said at a technical seminar held in Hanoi on Wednesday.

Companies - Wed, May 28, 2025 | 8:49 pm GMT+7

Thailand expected to become regional luxury retail hub

Thailand expected to become regional luxury retail hub

Thailand's luxury retail market is valued at $4.4 billion and projected to grow by approximately 5% annually through 2028, placing the country at the forefront of luxury retail in Southeast Asia and seventh in Asia-Pacific, according to property consultant CBRE Thailand.

Southeast Asia - Wed, May 28, 2025 | 8:44 pm GMT+7

Indonesia affirms role as leading global maritime hub

Indonesia affirms role as leading global maritime hub

The Indonesia Maritime Expo, held as part of Indonesia Maritime Week 2025 on May 26-28, is the first large-scale maritime event in the country, aiming to affirm its role as a global maritime hub and promote the sustainable development of the region’s maritime industry.

Southeast Asia - Wed, May 28, 2025 | 8:41 pm GMT+7

Vietnam benchmark VN-Index hits 3-year high

Vietnam benchmark VN-Index hits 3-year high

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), recorded a four-day gaining streak on Wednesday, rising 2.06 points, or 0.15%, to 1,341.87 points - the highest since May 2022.

Finance - Wed, May 28, 2025 | 6:37 pm GMT+7

HSBC launches sustainability improvement loan in Vietnam

HSBC launches sustainability improvement loan in Vietnam

HSBC has introduced its Sustainability Improvement Loan, a new financing solution tailored for businesses with annual turnover less than $550 million, in Vietnam, after launching it in 12 markets including the UK, Middle East, Hong Kong and Singapore last year.

Banking - Wed, May 28, 2025 | 6:15 pm GMT+7

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

CMA CGM, Saigon Newport to jointly develop deep-sea terminal in northern Vietnam

France's CMA CGM Group, a global player in sea, land, air, and logistics solutions, has signed a partnership agreement with Vietnam's Saigon Newport Corporation (SNP) to develop a deep-water terminal in Hai Phong city, northern Vietnam.

Infrastructure - Wed, May 28, 2025 | 5:01 pm GMT+7

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Japan’s chipmaker Rapidus pledges semiconductor workforce training for Vietnam

Rapidus Corporation, a semiconductor manufacturer of Japan, has affirmed its readiness to train semiconductor workforce for Vietnam.

Economy - Wed, May 28, 2025 | 3:21 pm GMT+7