A recent report related to the An Quang Project in Binh Dinh was announced by An Quang Holdings Joint Stock Company. In March 2023, the People’s Committee of Binh Dinh province issued Decision No. 724/QD-UBND recognizing An Quang Holdings Joint Stock Company as the enterprise responsible for the An Quang urban and tourism project.
The An Quang project covers an area of 89.2 hectares, located in An Quang hamlet, Cat Khanh commune, Phu Cat district. The project is divided into 2 subdivisions, with the urban subdivision covering an area of 48.5 hectares. This subdivision will consist of a total of 1,055 5-storey townhouses, 308 4-storey villas, 10 combined commercial and service townhouses with a maximum of 12 storeys, and two 30-storey apartment buildings with a total of 975 apartments.
The tourism subdivision is located on the eastern coastal road, adjacent to a 40.7-hectare beach. In this subdivision, a 5-storey public facility, two 3-storey commercial and service facilities, and 5 lodgings with 3-15 storeys will be constructed.
In terms of the expected progress, the An Quang urban and tourism project is divided into 3 phases.
Phase 1 (Q1/2023 – Q3/2024) will complete compensation, land clearance, land procedures, feasibility study report, infrastructure connection, environmental impact assessment, and technical design for construction. Construction permits will be issued, and infrastructure construction will be carried out in areas 1 and 2, as well as in the cleared areas to shorten the timeline for phase 2.
Phase 2 (Q3/2024 – Q3/2026) includes investment in technical infrastructure and construction works on the land, low-rise buildings in areas 1 and 2, and the central square to create momentum for the remaining areas. Synchronized infrastructure investment in area 3.
Phase 3 (Q3/2026 – Q4/2028) consists of investment in 30-storey architectural highlights and a 15-storey hotel, buildings on the land in area 3, and overall project completion.
The total investment capital of the project is 5,229 billion VND. This includes compensation and resettlement costs of 334 billion VND, construction costs of 3,538 billion VND, reserve costs of over 627 billion VND, and construction loan interest costs of 234 billion VND…
The investor’s capital contribution to the project is 1,046 billion VND, and the mobilized capital is 4,183 billion VND.
Who is behind An Quang Holdings?
Regarding the investor, An Quang Holdings was established in February 2023 and is headquartered in Quy Nhon City, Binh Dinh Province. The chairman and legal representative is Mr. Nguyen Tuan Anh (born in 1987).
An Quang Holdings has a charter capital of nearly 1,046 billion VND, with Tuan Dung Trading Corporation Limited holding 65%, Dong Do Investment Corporation – Ministry of Defense holding 15%, and Hoang Thanh Trading and Development Technology Company Limited holding 20%.
Tuan Dung Trading Corporation Limited, which holds the largest capital contribution, was established in 2004 and is based in Gia Lam, Hanoi. In Hanoi, Tuan Dung is the investor of the low-rise residential area project in Ninh Hiep commune, Gia Lam district, covering an area of 4.9 hectares with 244 low-rise villas.
In Khanh Hoa, in 2020, Tuan Dung had a letter sent to the leadership of Khanh Hoa province proposing a solution to relocate and redevelop the railway area near Nha Trang Station. Specifically, Tuan Dung proposed to build a 30-storey apartment complex, a 35-storey mixed-use building, commercial housing… in the Nha Trang Station area.
The legal representative of Tuan Dung Corporation is currently Mr. Nguyen Tuan Anh, who is also listed as the legal representative of An Quang Holdings and a series of other businesses such as ACT Holdings, STT Group, Capella Residences Resort Company Limited…
Among them, ACT Holdings is known as the investor of the New Dam Ca Na Urban Area project in Phuoc Diem commune, Thuan Nam district, Ninh Thuan province. This project covers an area of 64 hectares, with a total investment capital of 4,491 billion VND, located near the LNG power plant project and the Ca Na general seaport. In July 2023, the New Dam Ca Na Urban Area project officially started construction and was commercially named Ca Na New City.
Regarding Dong Do Corporation, it was established in 2010 and is a member of Dong Do Group. In Hanoi, Dong Do is the investor of the I20 residential area in the Nam Thang Long urban area (Tay Ho district), which is a complex of 30-storey high-rise buildings that started construction in 2017.
As for Hoang Thanh Technology Company, it was established in August 2001 in Hanoi, with the main business of wholesale of machinery, equipment, and spare parts. The legal representative is Mr. Nguyen The Dai.
