Three U.S. companies, including Steelman Partners, Cantor Fitzgerald, and Weidner Resorts are planning to pour a huge capital of $4 billion into real estate project in Thu Thiem new urban zone. It is expected to become a financial center for internation firms to join and play a leader role in Southeast Asia.
The project is aimed to place a mixed-used complex in 11 hectare area within 3 years, generating the broad range of shopping malls, entertainment services and an office tower. It is going to be the biggest investment by US private companies in Vietnam, if approved.
Speaking at the reception for the businesses metting, Mr. Dinh La Thang - Head of HCM City’s party committee redefine his effort to create favorable investment environment in the city, making this potential area a new financial hub in the region. He also hope the visit of U.S. President Barack Obama to Vietnam later of May will alter the relationship between two nations and more American investors would come to the Southeast Asian country.
Steelman Partners has been active in Vietnam since joining the design team of Grand Ho Tram project in the southern province of Ba Ria - Vung Tau and Happyland Hotel in Long An. Cantor Fitzgerald has been involved in many investment service and is present in 30 markets over the world. Weidner Resorts is developing and managing a multitude of hotels and five-star integrated resorts in the US and Asia.
