The investors registered to undertake this project are a consortium of two companies: Beautiful Sea Phu Quoc Investment Company Limited and Sun Halong Company Limited.
The North An Tay urban area project spans approximately 70 hectares. With a total investment of up to VND 11,128 billion, the project entails an implementation cost of nearly VND 8,237 billion and compensation and resettlement support costing over VND 2,891 billion. The expected population scale is around 10,000 people.
The residential scope includes apartments on an area of 5.66 hectares with a maximum height of 20 floors; terraced houses on 9.8 hectares with a maximum of 6 floors; social housing on 3.96 hectares with a maximum of 2 floors; and resettlement housing on 1.41 hectares with a maximum of 3 floors. The total number of expected housing units is approximately 3,090.
Additionally, the project encompasses various other components, such as commercial and service facilities spanning 16.7 hectares with a maximum height of 40 floors; kindergartens, elementary and middle schools on an area of 2.84 hectares; green spaces and themed parks covering 14.4 hectares; and transportation and other technical infrastructure.
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Project Duration: 50 years, calculated from the date the investor receives the approval document or Investment Registration Certificate. For projects where the State allocates or leases land or converts land use purposes, the project duration is calculated from the date of receiving the decision on land allocation, lease, or land-use purpose conversion.
Implementation Progress: Complete the entire project’s investment and construction within a maximum of 8 years from the date of approval of the investor selection results or investor approval by the competent authority.
Beautiful Sea Phu Quoc Investment Company Limited, based in Kien Giang province, recently increased its charter capital from VND 2,089 billion to VND 4,519 billion on August 16. The company’s shareholders include Sun Phu Quoc Company Limited, holding 61.999%; Dia Cau Joint Stock Company, with 18.809%; Sun World Group Joint Stock Company, at 8.852%; Mat Troi Mau Son Company Limited, with 4.979%; and Mr. Pham Quoc Quan (General Director) at 5.361%.
Sun Halong Company Limited, headquartered in Quang Ninh province, currently has a charter capital of VND 6,666 billion. Mr. Nguyen Chi Thanh serves as the company’s General Director.
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The following is the shareholder structure of Sun Halong as of August 15, 2024:
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