A view of the Bình Quới - Thanh Đa Peninsula in HCM City’s Bình Thạnh District, bordered by the Sài Gòn River. — Photo www.sggp.org.vn

HCM CITY — HCM City plans to organise an international competition focused on seeking the best planning and architectural ideas for the development of Bình Quới - Thanh Đa Peninsula.

The Office of the municipal People's Committee has announced that the municipal People's Committee vice chairman Bùi Xuân Cường approved the proposal of the city’s Department of Planning and Architecture to organise the competition.

The planning scope of Bình Quới - Thanh Đa Peninsula in Bình Thạnh District covers an area of 426ha.

The competition aims to discover distinctive ideas and the most viable and optimal development solutions that foster connectivity across both banks of the Sài Gòn River covering the peninsula, and improve the efficiency of land utilisation in this area, aligning with the city’s development direction.

According to the HCMC Department of Planning and Architecture, Bình Quới - Thanh Đa Peninsula has undergone several years of research and investment attraction efforts.

However, the approved development project for the new urban area is large in scale, requires a significant total investment, and involves intricate tasks related to land compensation and resettlement.

Consequently, the implementation has been delayed for several years. The delayed progress of the project has adversely affected the lives and rights of thousands of households residing on this peninsula, as well as impacting management activities in the area.

The city’s current urban development strategy underscores the need to optimise the strategic and distinctive locations within the city, efficiently utilising the city's unique location and waterfront landscapes, particularly in the surrounding areas along the Sài Gòn River.

The objective is to generate new drivers for the city's development, foster economic growth and international integration, and elevate the city's standing to enhance national competitiveness within the region.

It will focus on organising and restructuring urban areas, particularly the central core of the inner city, and effectively exploit the urban land reserve.

With its advantageous geographical position, scenic landscapes, and the remaining land reserve in the city's development plan, the Bình Quới - Thanh Đa Peninsula is emerging as a pivotal location.

To fully leverage the strengths of this peninsula, it is necessary to undergo a comprehensive and long-term planning and implementation process.

In this process, planning ideas play a crucial role, contributing to shaping the future development of the long-delayed Bình Quới - Thanh Đa Urban Area. — VNS