Vinhomes of billionaire Pham Nhat Vuong is open to a 3 billion USD project in Long An

The joint venture of Thai Son Construction Investment Joint Stock Company – Dai An Construction Investment Joint Stock Company is the only investor who submitted registration documents to implement the Tan My New Urban Area project, Tan commune. My, Duc Hoa district. Information announced by Long An Department of Planning and Investment. Two enterprise in this joint venture are all subsidiaries of Vinhomes (according to the report at the end of 2023).

The project scale is nearly 931 hectares including more than 8,300 townhouses, more than 4,700 villas, more than 7,000 apartments social housing and nearly 400 resettlement units. Total project investment is more than 74,400 billion VND (about 3 billion USD) with a 7-year implementation schedule The project’s operating term is 50 years from the date the investor is granted an investor approval decision.

Vinhomes of billionaire Pham Nhat Vuong is open to a 3 billion USD project in Long An

Earlier this year, the joint venture Vinhomes Joint Stock Company and Vietnam Investment Group Joint Stock Company were also investors. single registration implementation project Phuoc Vinh Tay urban area, Can Giuoc district, Long An province.

This project area is nearly 1,100 hectares with about 15,200 lots of land including 7,000 townhouses Near 8,200 villas, more than 13,400 social housing units and nearly 2,400 resettlement houses. The total cost of implementing the project is about 90,000 billion VND, equivalent to more than 3 billion USD.

Another subsidiary of Vinhomes, Green City Development Joint Stock Company, was also approved by the People’s Committee of Long An province. Investor of Duc Hoa – Hau Nghia new urban area in Hau Nghia town, Duc Lap Thuong commune and Tan My, Duc Hoa district. The project has a scale of nearly 200 hectares with a total investment of more than 28,000 billion VND, expected to include more than 500 villas and about 4,500 townhouses.

In recent years, Ho Chi Minh City has become scarce in land funds, narrowing the supply of houses. Meanwhile, the market has shifted to neighboring localities such as Dong Nai, Binh Duong, Long An, Ba Ria – Vung Tau.

In which, Long An is the western gateway of Ho Chi Minh City, with a strategic location connecting Ho Chi Minh City and Ho Chi Minh City. Western provinces. Long An is also a key market for industrial park development, attracting top FDI capital flows in the country and having a high economic growth rate.

In mid-2023, Long An will hold a conference to announce regulations. Investment promotion plan calls for investment in many fields such as infrastructure, technology, agriculture, real estate… At this conference, Vingroup signed a memorandum of understanding to invest in resort and entertainment complex projects.