Lotte Eco Smart City Thu Thiem selected as one of Ho Chi Minh City’s 12 major investment projects

【Hanoi, Vietnam—Correspondent Kim Joon-seok】Lotte Eco Smart City Thu Thiem, a project that Lotte Group is ambitiously pursuing in the Thu Thiem New Urban Area in Ho Chi Minh City, Vietnam, has been included in a list of 12 investment projects in key sectors selected by the city.
According to local media reports on the 29th, the Ho Chi Minh City People’s Committee announced 12 investment projects with a combined value of at least $13.5 billion (about 18 trillion won) at the 2026 Autumn Economic Forum (AEF 2026), held on the 28th. The projects cover key socioeconomic sectors in which the city is prioritizing efforts to attract investment, including ports, energy, smart mixed-use cities, science and technology research, and education. They have either already received approval in principle for investment or completed the issuance of investment registration certificates, and have entered the full-scale implementation stage.
In particular, the list includes Lotte Eco Smart City Thu Thiem, one of Lotte Group’s flagship local development projects. The project received its fourth amended investment registration certificate on September 10, substantially increasing its total investment from 20.1 trillion dong (about 1.0385 trillion won) to 60 trillion dong (about 3.1 trillion won).
Lotte Eco Smart City Thu Thiem held its official groundbreaking ceremony earlier this month, on the 23rd, and construction is now underway in earnest. The project is being carried out by Lotte Properties Ho Chi Minh City, with the participation of three Lotte Group affiliates—Lotte Shopping Co., Ltd., Hotel Lotte Co., Ltd., and LOTTE Engineering & Construction Co., Ltd.—and Vietnamese real estate developer Phat Dat.
The site covers six blocks in Functional Area 2A of the Thu Thiem New Urban Area, totaling 74,513 square meters. It will be developed as a large-scale, multifunctional smart city integrating Grade A office towers, retail facilities, accommodation and residential facilities, and public spaces. The period from the issuance of the fourth amended investment registration certificate to the completion of basic construction and the start of facility operations is 72 months.
Meanwhile, other major projects selected among Ho Chi Minh City’s 12 investment projects, alongside Lotte Eco Smart City Thu Thiem, include the Can Gio International Transshipment Port; Cai Mep Gemadept Port; My Xuan 6 Wharf; Swift Logistics Center; the National University International City Zone; Phase 1 of the Binh Lap Industrial Park project; GL Cable’s high-specification cable factory; Xinyi Glass’s energy-saving and automotive smart glass factory; Chang Technology’s steel, non-ferrous metals, and machining center; Coherent’s heat-dissipation and conductive materials factory; and Ito’s sensor, robotic automation, and data management solutions production plant.
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