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Party Secretary Tran Luu Quang announced this decision at a conference last weekend, saying the city had allocated land for the housing project in what is now Xom Chieu Ward, but that the Standing Committee of the Party Committee pulled the plug on it.

He said the cultural space would be expanded along the wharf, and the part of the land remaining would be transformed into a park, used to widen Nguyen Tat Thanh Street and develop public services but not used for residential development.

“The economic value of the project is huge but it involves legal issues and legacy projects so it needs time to resolve,” Quang said.

Nha Rong Wharf and Khanh Hoi Port are on Nguyen Tat Thanh Street.

The wharf is now officially named the Ho Chi Minh Museum.

On June 5, 1911, Nguyen Tat Thanh (later known as President Ho Chi Minh) boarded the ship Amiral Latouche-Tréville from here to go to Europe to seek national independence.

Thirty years later he returned with a path that laid the foundation for Vietnam.

Nha Rong is a few hundred meters from Nguyen Hue pedestrian square and Bach Dang Wharf.

Also at the conference, Quang announced that a 37,000 sq.m site at 1 Ly Thai To Street at the junction of Ly Thai To, Hung Vuong and Tran Binh Trong streets opposite the Cong Hoa six-road junction, would also be converted into a park.

The city also plans to build a memorial there for citizens who died of Covid-19. This plot of land houses seven villas that have remain unused for many years.

The city has commissioned architects to design a multifunctional park, a public place for cultural and recreational activities with electricity, water to toilets, to increase the availability of public spaces and ease traffic.