About Phu My Hung

Company “On the wild marshland, a group of people have tried their best over the past 15 years to set up the current Phu My Hung New Urban Area. Based on these sizable projects, another group of people continue to develop HoChiMinh City toward the East Sea”. (Lawrence S. Ting, the late Chairman of CT&D Group and Phu My Hung Corp.)

Phu My Hung Development Corporation (PMH Corp) – The Infrastructure developer of the New City Center. The company was established on May 19th, 1993 as a joint-venture between the HoChiMinh City People’s Committee (represented by the Tan Thuan Industrial Promotion Company) and Phu My Hung Asia Holdings Corporation (Formerly Central Trading & Development Group (CT&D – Taiwan))

1. TAN THUAN INDUSTRIAL PROMOTION CORPORATION (IPC)

Tan Thuan Industrial Promotion Corporation (IPC) was founded in 1989, aiming to develop export processing zones to enhance the socio-economic growth in HCM City. Tan Thuan Export Processing Zone was established for this reason, followed by Phu My Hung urban development project.

This is also the first infrastructure project of attracting foreign investment in Vietnam. After 25-year development, IPC has become one of typical businesses of the city in investing infrastructure for the economic growth and urban development, executing the “Eastbound Sea movement” strategy and playing important role in promoting the development of South area of HCM City.

IPC comes up with innovative and pioneering projects that create initiatives for the new policies and models in boosting the economic and urban growth as well as transferring the marsh land in South area of HCM city into the industrial zones and modern city center with well-established infrastructure.

IPC’s Scope of works

  • Develop and execute infrastructure projects for export processing zones, industrial parks, new residential areas in HCM city and other regions
  • Provide necessary services for industrial parks and export processing zones
  • Provide maritime trade and transportation services (ship broking, ship agency, debarking, shipping services)
  • Make financial investment to other businesses

The key resources of IPC are creativity and great economic vision, human resource management in line with scientific researches that turn concepts into feasible projects. Therefore, IPC is now an efficient supporter of the State in creating attractive environment for domestic and foreign companies’ investments. IPC always places the benefits of the society and economic on the top when executing projects of developing HCM city in general and the South area in particular.

After 25 years of development, IPC has been awarded the “First-grade Labor Medal” and the Prime Mister’s Certificate of Merit …

2. PHU MY HUNG ASIA HOLDINGS CORPORATION

Phu My Hung Asia Holdings Corporation (Formerly Central Trading & Development Group (CT&D – Taiwan)) was established in September of 1989. During this period, Vietnam opened the door for calling foreign investment. Phu My Hung Asia Holdings Corporation management team, with its foresight, flexible strategy making, and professional and astute business acumen, studied investment opportunities and finally established Tan Thuan Corporation (Tan Thuan Export Processing Zone), Phu My Hung Development Corporation (Phu My Hung City Center) and Tan Phat New Development Company Ltd.

Phu My Hung Asia Holdings Corporation is a Taipei-based company formed by a group of international entrepreneurs who have played a significant role in the extraordinary economic transformation of Taiwan, and who have demonstrated the ability to successfully anticipate and capitalize on the rapid changes in the Asian business world. The management team of Phu My Hung Asia Holdings Corporation possesses the necessary ingredients for success–a long-term vision, resourcefulness, perseverance, and professional management.

Phu My Hung Asia Holdings Corporation’s Corporate Philosophy

Phu My Hung Asia Holdings Corporation’s Corporate philosophy could best be described by: “ask not what we can take away, but what we can leave behind.” Meeting the needs of the local people and the government has been the foundation of Phu My Hung Asia Holdings Corporation’s investment strategy. To achieve this objective, Phu My Hung Asia Holdings Corporation has adhered to its policy of innovation, efficiency, reliability and simplicity in all of its investments and has, thus far, been successful.

3. PHU MY HUNG DEVELOPMENT CORPORATION

OUR MISSION

Phu My Hung Corp. builds the 17.8 km long, 120m wide, 10-lane Nguyen Van Linh Parkway (six high-speed and four mixed lanes). As for the section through Phu My Hung New City Center, there are 14 lanes. The 18m~36m wide green land in the middle of the Parkway is reserved for metro projects and future expansion plans. This Parkway, which is newly-built across the marsh land of Nha Be County (District 7 now), District 8 and Binh Chanh County, has become the artery to transport goods from HoChiMinh City to the Mekong Delta, and opened a new opportunity to expand HoChiMinh City southwards according to the urban project approved by the Government. It also plays an important catalyst to propel the HoChiMinh City southern urbanization, changes a large number of farmers to become city-dwellers and the marshland into a modern city, boosting the economic development of the entire Southern areas and HoChiMinh City. In the near future, Nguyen Van Linh Parkway will connect District 7 with District 2 through Phu My Bridge, linking Eastern and Western provinces. Nguyen Van Linh Parkway was built in three stages. The first 2-lanes were completed in 1998; the second 4~6 lanes in 2003, and entire 10-lane parkway was fully inaugurated on Dec. 30th, 2007. On this memorable occasion, Phu My Hung Corp. was honorably awarded the first grade Labor Medal by the Vietnamese Government.

Phu My Hung Corp. builds the infrastructure of 150 ha of land for community uses, and hands it over to HoChiMinh City People s’ Committee.

Phu My Hung Corp. develops five modern urban complexes (named site A, B, C, D & E) along Nguyen Van Linh Parkway. This massive project has been considered the first step in the expansion plan of HoChiMinh City towards the East Sea.

The 5 urban development sites by Phu My Hung Corp:

1. Phu My Hung New City Center (Site A – 409ha)

2. University Place (Site B – 95ha)

3. Hi-Tech Center (Site C – 46ha)

4. Merchandise Center I (Site D – 85ha)

5. Merchandise Center II (Site E – 115ha)