HCM City to turn Thủ Đức into knowledge-based economy

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A view of HCM City’s Thủ Đức city. HCM City is rolling out a strategic plan to develop its new Thủ Đức city into a knowledge-based economy. — VNA/VNS Photo Mạnh Linh

HCM CITY — HCM City is drafting plans to develop the new Thủ Đức City into a knowledge-based economy with a highly skilled workforce by 2030.

The plans envisage developing Thủ Đức into the country’s largest innovation hub with well-trained human resources.

They will also address critical problems related to pollution, traffic congestion and lack of affordable housing among others.

A roadmap will soon be developed for this.

HCM City targets attracting 50,000 people to live and work in Thủ Đức by 2025, including 20,000 engineers and other experts.

Residents, including teachers and lecturers at universities and research institutes and experts working in technology zones, need to have proper housing, a secure living environment and other facilities such as parks, schools, hospitals, and public transport

It wants 25 per cent of the Thủ Đức’s population to use public transportation, and it will improve public transport, including BRT lines.

It will complete major transport infrastructure projects such as Ring Road 2 and National Highways 13 and 3.

HCM City established Thủ Đức City in early 2021 by merging districts 2, 9 and Thủ Đức, the first city to be under the jurisdiction of a centrally run city in the country.

It spreads over some 211.5 square kilometres and is home to more than a million people.

It is expected to account for a third of HCM City’s economy, and thus 7 per cent of the country’s economy.

HCM City authorities have extensively sought advice from foreign experts and investors in technology, finance and urban development for building the new city, and studied the experiences of major cities in other countries. — VNS

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