CT&D OFFERS QUIET RESPITE TO CITY LIFE
Frances Ba, President of Phu My Hung Corporation talks to Do Huy about the development of the Saigon South urban expansion zone in Ho Chi Minh City.

Q.: How do you evaluate the development of your company’s business since it started its first project in Vietnam?
CT&D Group began doing business in Vietnam in 1989. The company has constantly pursued its long term objectives and has won the authorities’ support by holding on to its commitments. CT&D continued on its projects even with the slowdown in foreign investment that started in 1997. With an 80 per cent occupancy Tan Thuan Export Processing Zone’s success is self-explanatory.
Phu My Hung’s City Centre in Saigon South already offers the best livable environment in Ho Chi Minh City. The positive attitude and support to our project from authorities certainly played and continues to play an important role to the project’s successes. The city’s efforts to improve transport infrastructure regarding Saigon South is an illustration of such support.
Q.: What are the strong points and advantages of the Saigon South project to attract tenants, both foreign and domestic?
Saigon South is a planned urban zone that responds to Ho Chi Minh City’s need for expansion. Besides having a comprehensive master plan for its development, Phu My Hung provides the best infrastructure tenants can hope for in Vietnam, not to forget the reliable power supply from Hiep Phuoc power plant. There is abundance of schools catering to Vietnamese and foreign tenants and entertainment choices like golf, tennis, roller-skating. We even just started a swimming pool and there will soon be international standard healthcare facilities.
This means in the New City Centre, tenants have the best possible place to live in Vietnam, just a minutes drive from District 1. Access will further be improved with the new road and bridges from District 1 to be open to traffic in May 2002.
Q.: What are your major development plans in the coming years?
Talks with potential investors for an exhibition center, office buildings, hotel, cinema complex, supermarket, gas station, high quality restaurants have been initiated. We want to create the best and the most convenient living environment in Ho Chi Minh City.

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