According to the environmental impact assessment report of the An Quang urban and tourism project, the project site is assessed to have a pristine beauty and diverse marine biodiversity. The project is located in the north, adjacent to the An Quang resettlement area and shrimp farming area, in the south, adjacent to a 16m wide planned road, in the east, adjacent to the East Sea, and in the west, adjacent to the existing residential area.
The An Quang urban and tourism project is located about 10 km south of the An Quang urban and tourism project, and there is also a high-end resort and ecological tourism project called Ban Mai implemented in Chan Oai village, Cat Hai commune, Phu Cat district. In addition, in the south of the project, there are other urban and tourism projects that are being or have been invested and built in Phu Cat district and Quy Nhon city, such as the Tan Thanh tourist urban area, Nhon Hoi economic zone, Tan Thanh tourist urban area, Cat Hai Bay high-end resort, and Nhon Ly – Cat Tien coastal tourism area.
The An Quang urban and tourism project was approved by the People’s Committee of Binh Dinh province in October 2022, with an area of 89.2 hectares. It consists of two sub-areas: a 48.5-hectare urban sub-area with a population of 7,700 people and a 40.69-hectare tourism service sub-area with a scale of 12,600 visitors.
The construction items of the project in the urban sub-area include 1,055 townhouses, up to 5 floors; 308 villas, up to 4 floors; 10 terraced houses combined with commercial services, up to 12 floors; 2 blocks of commercial and residential apartments, 30 floors high, with 975 apartments. The tourism sub-area includes 1 public building, up to 5 floors; 1 tourism service building with 1 hotel, up to 8 floors; 1 tourism service building with 2 hotels, up to 12 floors; 1 tourism service building with 3 hotels, up to 3 floors; 1 tourism service building with 4 hotels, up to 8 floors; and 1 tourism service building with 5 hotels, up to 15 floors.
The project has a planned forest protection area of 18.33 hectares. There are 140 households eligible for land recovery, resettlement, and relocation.
The total estimated investment is nearly 5,229 billion VND, including project implementation costs of 4,895 billion VND, compensation and clearance costs of over 334 billion VND. The investor’s capital contribution is nearly 1,046 billion VND (20% of the total investment capital), and the mobilized capital is 4,183 billion VND.
The project will operate for 50 years. The investment schedule is 72 months from the effective date of the project implementation contract or the project investor’s recognition. Specifically, from Q1 2023 to Q3 2024, complete land clearance, compensation, land procedures, feasibility study report, infrastructure connection, environmental impact assessment, and construction permit issuance; from Q3 2024 to Q3 2026, invest in building technical infrastructure and structures on the land; from Q3 2026 to Q4 2028, invest in building architectural structures, with highlights being a 30-story building and a 15-story hotel.
In January 2023, the Provincial People’s Committee approved the project investor for the consortium of Tuan Dung Trading Group Limited Company, Dong Do Real Estate Investment Joint Stock Company – Ministry of National Defense, and Hoang Thanh Trading and Development Technology Limited Liability Company. Specifically, Tuan Dung Trading Group will contribute 65% of the total capital contribution of the investors, equivalent to nearly 680 billion VND in cash; Dong Do Real Estate Investment Joint Stock Company – Ministry of National Defense will contribute nearly 157 billion VND in cash (15%), and Hoang Thanh Trading and Development Technology Limited Liability Company will contribute over 209 billion VND in cash (20%).
In March 2023, the Provincial People’s Committee issued a decision to recognize the project enterprise as An Quang Holdings Joint Stock Company, which will inherit all the rights and obligations to implement the investment project that the consortium of the 3 above-mentioned companies has committed to.
An Quang Holdings was established on February 10, 2023, with its headquarters at B1-08B-13 An Phu Thinh New Urban Area, Nhon Binh Ward, Quy Nhon City, Binh Dinh Province. Its registered capital is equal to the capital contribution of the investors, which is 1,046 billion VND. Specifically, Tuan Dung Trading Group contributes 65%, Dong Do Real Estate Investment Joint Stock Company – Ministry of National Defense contributes 15%, and Hoang Thanh Trading and Development Technology Limited Liability Company contributes 20%. Mr. Nguyen Tuan Anh serves as Chairman of the Board of Directors and legal representative, and Mr. Nguyen The Gioi serves as General Director. Mr. Tuan Anh is also Chairman of the Board of Directors of Tuan Dung Trading Group.
* [Profile of the consortium that wants to develop a more than 5,200 billion Dong urban area in Binh Dinh](link)
Thu Minh
