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“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 the Central Trading & Development Group, headquartered in Taiwan.

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 …