About us

About Phu My Hung

Phu My Hung Development Corporation was established on 19/05/1993, which was a cooperation between IPC and Phu My Hung Asia Holdings (Formerly as CT&D – Taiwan)

PHU MY HUNG ASIA HOLDINGS

18F., No.4, Sec. 1, Chung Hsiao W. Road, Taipei (100) Taiwan, R. O. C
Điện thoại: (886-2) 2311-9933
Fax: (886-2) 2388-1116

IPC

Address: 19th floor, IPC Tower, 1489 Nguyen Van Linh Parkway, Tan Phong Ward, District 7, HCMC
Phone: (028) 3770-0651; 3770-0652
Fax: (028) 3770-0661
E-mail: info@ttipc.v
Website: https://www.ttipc.vn/

The function of Phu My Hung Development Corporation

1. Nguyen Van Linh Parkway Construction

The street length is 17.8km, 120m in width with 10 driving lanes including 6 highway lanes and 4 mixed lanes; except the part crossing through Zone A – The heart of Phu My Hung Urban area has 14 driving lanes. The centre of the street is a park with a width of 18 – 36m that expected to be a future metro

2. 5 Sites A, B, C, D, E construction along Nguyen Van Linh Parkway

In a radius of urban construction and development with the land size of 2,600ha along with Nguyen Van Linh Parkway length of 17.8km at the Southern HCMC, Master planner Skidmore, Owing & Merrill (America) had planned 21 functional areas. Particularly, Phu My Hung Development Corporation had developed 5 urban zone over 750ha, included:

  • The New Urban area (Site A – 409ha)
  • University Place (Site B – 95ha)
  • High-TechCenter (Site C – 46ha)
  • MerchandiseCenterI (Site D – 85ha)
  • Merchandise Center II (Site E – 115ha)

3. Complete infrastructure construction of 150ha public projects land to hand over to HCMC People’s Committee to manage, do business, build public amenities

Nguyen Van Linh Parkway – Historical Street created from swamps

On 30/12/1996, the Parkway started to construct with an important responsibility, contributed to bring the South of HCMC particularly and other important economic zones of East South of Vietnam coming to a new page

In 2007, Nguyen Van Linh Parkway was completed, becoming the arterial route to deliver goods from HCMC to other provinces of Mekong Delta and vice versa. This is also important leverage to boost the urbanization process and restore salty agricultural soil land to become a modern urban area in the 21st century.

After many development decades, the success of Phu My Hung urban area and Nguyen Van Linh Parkway not only created the advantage for the Southern area, but also have an essential element for the complete development of the South Triangle Economic Zone, which is HCMC – Dong Nai – Ba Ria Vung Tau

Phu My Hung Development Orientation

While globalization and international economic integration are growing, the role of HCMC is a multipolar, multicenter and multifunctional city. Essential demands have set the new development orientation for the city: expand terrain limitation as well as feature, the scale of economic types. The creation of Phu My Hung urban area is an answer. This is also the first step in HCMC’s extension to the South program & moving towards the South China Sea, following the global trend of other large metropolises.

In the investment decision QĐ 749/TTg on 08/12/1994, the duty and function of Phu My Hung urban area was determined as: “New Urban Area develops simultaneously with the city, is a component of HCMC. This is a mixed-use and multifunctional area: Center Business District, Commerce, Service, Industrial, Science, Culture, Education, Residence, Leisure… strengthens the development of current inner-city and motivates for the growth of the South and East South of HCMC”.

With the leading role and as a fundamental for process of “Moving toward China South Sea” program, Phu My Hung Development Corporation has started the formative journey of urban area from a swampy area, lack of economic values.

“On the sour and salty land that had never explored, there was a group of pioneers who had strived for 15 years to create Phu My Hung new urban area and on a fundamental for many completed projects up until today, there is still another group of people who are endeavouring for a bigger orientation, which is to develop the HCMC towards the China South Sea” (cited from Mr. Lawrence S. Ting speech – Late Chairman of Phu My Hung Development Corporation).

After 3 development decades, besides Zone A – Phu My Hung City has formed with the appearance, amenities and position that reached international standard. Currently, Phu My Hung Corp. has been ready for expansion journey throughout the country with the goal “Broaden standard living environment with a distinguished residential community”.