As our Phu My Hung Corporation representative showed us a detailed video of their history and their processes, I learned so much about how entire cities build something amazing from absolutely nothing. The entire gentrification process started in the early 90’s, with the Vietnamese government approving Phu My Hung’s Master Plan in 1994. This master plan is incredibly complex, detailing every bit of their plans to build in Ho Chi Minh City. Everything from building elevation levels to building densities to green space and beyond is covered in their plan. They got the help from many foreign companies to help in the design process, and they all collaborated to build this innovative vision.
This grand project conveys how business truly is a global game. No longer is it a single nation experience. To build something great, you need great help from many people to make it work.
Additionally, Phu My Hung’s master plan to renovate outside the city seemed exponentially superior than Vietnam’s current plans for the heart of Ho Chi Minh city. Often, when strolling through the city, one will find big skyscrapers placed right next to favela looking houses. This shows how poorly planned the city was, but also how quickly the city is growing. There’s not much room for new buildings to be built, so they’re left with no choice but to renovate wherever they can. However, Phu My Hung has planned every minute detail one can think of. They have built in room to expand, and they have planned for future expansions after their master plan is complete. That shows intricacy and thoughtful planning.
The acquisition of the land they will build upon is quite different than the process in America. Because all land is owned by the government, Phu My Hung had to initially create the master plan and submit it to the government to make sure the plan was acceptable to the governments needs and requirements. However, in America, anyone can own land initially, and once you pay for it, it’s yours. Next, once you own it, you only need to submit applications for required things such as building large buildings, whereas the Vietnam government approved the plan based off of their wants & requirements, not just the requirements.
As for environmental controls, the Phu My Hung guide briefly touched upon them. He explained how they had to meet certain government regulations, but also that they exceeded the requirements, too. For example, the developers of the master plan studied the water levels for the past 100 years to determine precisely how high up the community and buildings should be built to prepare for any floods or droughts that could occur due to pressing issues such as climate change.