Phu My Hung Development Corporation (PMH Corp)

MILESTONES - Phu My Hung Development Corporation (PMH Corp) was established on May 19th, 1993 as a joint-venture between the HCMC People’s Committee (represented by the Tan Thuan Industrial Promotion Company) and the Central Trading & Development Group, headquartered in Taiwan. - 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 has become the artery to transport goods from HCMC to the Mekong Delta, and opened a new opportunity to expand HCMC southwards according to the urban project approved by the Government. It also plays an important catalyst to propel the HCMC 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 HCMC. - Phu My Hung Corp. builds the infrastructure of 150 ha of land for community uses, and hands it over to HCMC 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 HCMC towards the East Sea.