Organized by the city People’s Committee, the competition solicits designs for the area’s central square, a riverside park, and a bridge for walkers.
From preliminary entries, the judges will select six outstanding designs and provide US$20,000 to each designer.
The final winners are expected to be announced in August.
The top entry will get a cash award of $50,000 and the right to negotiate a contract to execute the project.
The next two designs will get $30,000 and $15,000.
The US-owned Sasaki Associates Company is acting as consultant for the contest.
The 657-hectare township in the Thu Thiem Peninsula in District 2 was approved last year at a cost of $10 billion.
Upon completion in 2025, it will have residential areas, financial and commercial centers, an international exhibition and convention complex, and other facilities.