Phục Sơn Center Trade and Residential Project (Vinh Tuong district, Vinh Phuc province) covers over 127 ha, with the developer being Phuc Son Group. The total implementation cost of the project is approximately 1,668 billion VND.
Phuc Son Center Trade and Residential Project – Phase 1 was approved for detailed planning in December 2009, and has undergone three adjustments to the planning in September 2012, April 2014, and December 2016. Phase 2 of the project was approved for detailed planning in July 2013, and was adjusted in April 2014.
The first phase covers an area of about 15.5 ha, while the second phase covers an area of about 111.8 ha. The estimated population for both phases is 15,788 people.
For the first phase of the project, after adjusting the planning, the commercial land area increased, while the adjacent residential land area decreased. The residential land area with a garden increased due to the restructuring of land use. The total area increased by 1,624 m2, taking into account the area of the second phase to ensure that the residential plots remain intact within the first phase of the project.
For the second phase of the project, after the adjustment, the public land area decreased, the green space area decreased, and the area for transportation and parking increased. The residential land area increased due to the elimination of service land planning and additional planning on the land outside the residential and commercial function areas. The area of 29,401 m2 was removed from the project scope (including existing institutional land, existing cemetery land, existing transportation land, and existing residential land).
In 2019, Phuc Son Group also completed the transfer of Vinh Tuong market project from Song Hong Thang Long Construction Investment Joint Stock Company.
The total area of the project is over 187 ha, located in three communes: Tan Tien, Lung Hoa, and Yen Lap in Vinh Tuong district.
The project is divided into several zones: commercial urban area, agricultural product wholesale market, warehousing system and electronic market, construction materials. The total investment capital is over 2,000 billion VND.
The inner area of Vinh Tuong market project.
Even though it was built properly and systematically, the agricultural product wholesale market and warehousing system in Vinh Tuong district are still lacking traders.
Phuc Son Group also undertakes other projects such as housing for low-income people in Vinh Yen City, Vinh Phuc province; and the Hai Ben Urban Area on Phu Dong Street, Viet Tri City, Phu Tho province with a scale of 149 hectares… The company is also the main contractor for the renovation and upgrading of the Historical Monument of Den Hung, Phu Tho province.
Image of housing for low-income people in Vinh Yen City, Vinh Phuc province.
On February 26, the Investigation Agency of the Ministry of Public Security initiated legal proceedings related to the “Violation of accounting regulations causing serious consequences” at Phuc Son Group Joint Stock Company, Thang Long Trade and Real Estate Investment Joint Stock Company, and related entities.
At the same time, the Investigation Agency arrested and temporarily detained Nguyen Van Hau (also known as “Hau Phao”), Chairman of the Board of Directors of Phuc Son Group, and 5 other employees.
According to preliminary investigations, these individuals engaged in falsifying and concealing business revenues and related assets outside the accounting records, causing significant damage to the State.
After the Supreme People’s Procuracy approved the above-mentioned decisions and indictments, the Investigation Agency of the Ministry of Public Security informed and implemented the procedures in accordance with the Criminal Procedure Code.
Currently, the Investigation Agency of the Ministry of Public Security is urgently conducting investigation verification, consolidating evidence, and clarifying the criminal acts of the defendants who have been prosecuted, the actions of the related persons involved, verifying assets for recovery, seizure, and taking other procedural measures as prescribed by law.
