The Vinaconex-Venereu Consortium Proposes a 4.4-Trillion VND Township Project in Thanh Tri District

Three Bids Submitted for the C3-1 New Urban Area Project in Hanoi

The Hanoi Department of Planning and Investment has just announced the opening of registration files for the implementation of the C3-1 new urban area project in Dai Ang commune, Thanh Tri district, Hanoi.

There were two consortiums and one company registered for the C3-1 project. The first was the Vinaconex Invest – Venereu consortium, comprising Vinaconex Investment One-Member Co., Ltd. and Venereus JSC. The second was the Mai Linh Investment JSC – Linh Son Development Investment Co., Ltd. consortium (Mai Linh – Linh Son consortium). The third was An Duc Housing Development JSC.

Vinaconex Investment One-Member Co., Ltd. was established by Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex, code: VCG) in late 2017 with a charter capital of VND 300 billion. In July 2021, the company increased its capital to VND 1,500 billion.

Venereus JSC was established in August 2023 in Hanoi with a charter capital of VND 2,200 billion. The founding shareholders include Nguyen Xuan Hieu (80%), Vu Ngoc Thai (10%), and Le Manh Son (10%).

In the second consortium, Mai Linh Investment JSC is a well-known company in Hanoi as the investor of the Golden Palace A project, which includes an amusement park, schools, and a complex of commercial, residential, and service buildings in Me Tri ward and Phu Do ward, Nam Tu Liem district. A notable part of this project is the two The Matrix One apartment buildings (developed by MIK Group). In August 2022, the company increased its charter capital from VND 600 billion to VND 700 billion.

Linh Son Development Investment Co., Ltd. was established in 2015 with a charter capital of VND 450 billion. At the end of May 2024, the company increased its capital to over VND 3,488 billion. Mr. Hoang Cao Minh Duc is currently the legal representative of both Mai Linh and Linh Son.

An Duc Housing Development JSC is also a newly established company, founded in November 2023 in Hanoi with a charter capital of VND 300 billion. In August 2024, the company increased its capital to VND 750 billion.

Regarding the C3-1 new urban area project, the total land area according to the planning is 274,265 m2. Of this, the area of works that investors are responsible for studying to renovate, connect and synchronize technical infrastructure and social infrastructure in the area is about 56,756.48 m2.

The area of ​​works belonging to the project is about 217,508.73 m2. This includes commercial housing (detached and semi-detached villas, terraced houses, and high-rise buildings with two commercial apartment buildings) and social housing. The urban area is expected to accommodate a population of about 6,759 people.

The preliminary total project implementation cost is estimated at VND 4,463 billion (excluding compensation, support, and resettlement costs; land use fees, and land rent). In addition, the compensation, support, and resettlement costs are estimated at VND 204.5 billion.

The project has a duration of 50 years, calculated from the date the investor is decided to be allocated or leased land. The project implementation period is from 2023 to 2029. The project site is located in the planned land plot, coded C3-1, in Dai Ang commune, Thanh Tri district.