The Berjaya International University Urban Area project has a total investment capital of 3.5 billion USD, a scale of 880 hectares, and is considered one of the largest super projects in Ho Chi Minh City. After 17 years of being licensed, the project has not been able to be implemented due to problems with site clearance. Currently, the planning area is mostly vacant land, overgrown with grass, while many households have not reached a compensation agreement, causing progress to continue to stagnate.
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 land. However, due to the slow progress of the project, most of the area is still abandoned, turned into vacant lots, overgrown with weeds, wasting land and affecting the lives of people around.
According to records, there are still many households remaining in the planning area because they have not reached a compensation agreement with the investor, causing the project to continue to fall into an unfinished state after many years of implementation.
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
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