Speaking at a People’s Council meeting on October 12, Le Thanh Liem, VIce chairman of the city People’s Committee, said the municipal administration would complete the proposal for creating the new city within a city for submission to the Ministry of Home Affairs by October 25.
If approved, the proposal would then be submitted to the Standing Committee of the National Assembly for approval.
Earlier this month more than 80 percent of more than 411,000 residents of the three districts voted “yes” to the merger plan, according to local authorities.
Besides, people in Thu Duc and District 9 almost unanimously agreed to the name Thu Duc City, while 76 percent did so in District 2.
Deputy PM Truong Hoa Binh recently told city authorities to seek advice from foreign experts and investors in the technology, finance and property sectors about plans to create the new city.
The plan should conform to the overall urban plans for the city and the south-eastern region, he said further.
To seek ideas for the new city, city authorities last year launched a planning contest that was won by an entry by US architecture and design firm Sasaki Associates Inc, which proposed different zones, facilities and development plans with all the elements needed for a smart city and innovation and other features to support the growth of technology and other key industries.
According to the Ministry of Construction, the plan to build a city within a city is “unprecedented” in the country and would require “extensive study.”
The city has established a steering committee headed by People’s Committee Chairman Nguyen Thanh Phong to develop a master plan for it.
The plan would include strategies for a knowledge-based economy that promotes investment in urban development and creating a skilled workforce.
The steering committee also plans to develop a centralised urban database with data on land use, transportation, canals, and other works in the three districts.
It will consult both the public and official agencies, and solicit international investment.
Thu Duc City would spread over 211 square kilometres and house more than a million people.
The current Thu Duc district, which measures 48sq.km, has a high concentration of educational institutions and research centres and four large universities with more than 100,000 students.
The 50sq.km District 2, which includes the Thu Thiem new urban area, will provide international exhibition and financial centres for the new urban area and the city as a whole.
The 114sq.km District 9, which includes the Sai Gon Hi-Tech Park, would be a hub for research and an incubator for innovative technologies.
The new city is expected to contribute 30 percent of the city’s economic growth, and 4-5 percent of the country’s.
HCM City currently accounts for 23 percent of the nation’s GDP and 30 percent of Government revenues.