- The New City Center (Saigon South) Master Plan presents a historic opportunity for Vietnam and Ho Chi Minh City (HCMC) to re-establish its position in the global economy while creating a modern well-planned city that can become the most desirable international business center in Southeast Asia.
- The New City Center (Saigon South) is the first step in the envisioned expansion of HoChiMinh City's growing metropolis. The development of the New City Center is a key component of Vietnam’s comprehensive plans for the Southern Focal Economic Area (SFEA) that includes HoChiMinh City, Dong Nai, and Ba Ria Vung Tau province. The SFEA and Phu My Hung New Urban Development are poised to become a center for international finance center, providing trade opportunities, accommodation, entertainment, and cultural, scientific, high technological and tourism services at the same time. This urban plan will accommodate future demands and a projected increase in population to 10 million people over the next decade.
- Former Vietnam’s Prime Minister, Mr. Vo Van Kiet, has endorsed this master plan and declared the new development, “a new urban center develops in parallel with the existing center and plays an integral part in the development of HoChiMinh City. It is a center for commerce, finance, services, science, cultures, education, accommodation, entertainment and transportation, etc., supporting the development of the existing city and playing as a propelling force for the HoChiMinh City Southern and Eastern expansion.” (Extracted from Decision 749/TTg, by the Prime Minister on December 8, 1994)