Overview of the $3.5 billion super project in Ho Chi Minh City about to restart

The Berjaya International University Urban Area project, covering an area of ​​880 hectares and with an investment capital of 3.5 billion USD, is being promoted to be restarted by Ho Chi Minh City.

The Berjaya International University Urban Area project has a total investment capital of 3.5 billion USD, scale of 880 hectares, considered one of the largest super projects in Ho Chi Minh City.

Berjaya International University Urban Area Project, invested by Berjaya Vietnam International University Urban Area Joint Stock Company (Malaysia), was granted the first investment certificate on July 1, 2008. According to the plan, the project aims to form a comprehensive international urban - university area in the Northwest Urban Area of ​​Ho Chi Minh City, including functional areas of education , residential, commercial - service, medical, sports, entertainment and information technology park.

The project is located in a prime location, near National Highway 22 (Xuan A Road) and Dang Cong Binh Street (Thanh Nien Street), surrounded by a natural canal system including An Ha Canal, Ranh Long An Canal, Canal 8 and Xang Canal. This location creates a separate space, favorable for the development of a large-scale and modern urban - university area.

However, since being licensed in 2008, the project has been constantly stuck in compensation and site clearance. This is the main reason why the implementation progress has been stalled for many years, despite many adjustments and calls for restart.

Many households in the project area have agreed to relocate, demolish their houses and hand over the site.

According to records, there are still many households staying in the planning area.

Most households in the area are still involved in farming, using vacant land to grow crops or fishing in the canals around the project to make a living.

Earlier this year, the project took a new turn when the Ho Chi Minh City People's Committee issued an official dispatch assigning the Department of Finance to preside over and coordinate with relevant agencies to inspect and supervise the investor's implementation. This is to ensure that the project is implemented in accordance with the objectives, progress and commitments approved by the competent authority.

According to the Ho Chi Minh City Department of Finance, the Prime Minister issued Decision No. 80/QD-TTg dated January 13, 2025, adjusting the progress of the Berjaya International University Urban Area project. Accordingly, the investor must complete all construction investment and put the project into operation within 120 months from the effective date of the decision. Currently, the investor is implementing the steps according to the provisions of this decision.

Source: https://vtcnews.vn/toan-canh-sieu-du-an-3-5-ty-usd-o-tp-hcm-sap-tai-khoi-dong-sau-17-nam-ar985297.html