The Mystery Investor Behind the 7,000 Billion VND Hung Yen Township Project

American Hao Real Estate Development JSC is the sole investor in the Sen Ho Urban Area project, located in My Hao town, Hung Yen province. With a total investment of VND 6,956 billion, the company is committed to transforming this project into a thriving urban oasis.

0
65

The Hung Yen Department of Planning and Investment has announced the results of the opening of registration packets for the implementation of the Sen Ho Urban Area project. Accordingly, there is only one investor registered to implement the project, which is My Hao Real Estate Development Joint Stock Company.

My Hao Real Estate Development Joint Stock Company is a newly established enterprise in July 2024, with its business address registered in Hung Yen city, Hung Yen province, with the main business line of real estate business. The legal representative is Ms. Vu Thi Nga (born in 1986 – Thai Binh).

The company has a charter capital of VND 1,100 billion, contributed by 3 shareholders: Vinh Thien Danang Co., Ltd. contributing VND 1,045 billion, holding 95%; Mr. Vo Cong Linh contributed 33 billion VND, holding 3%, and Vu Thi Nga contributed 22 billion VND, holding 2%.

Sen Ho Urban Area project – a modern and eco-friendly development

According to our information, Vinh Thien Danang Co., Ltd. is known as the investor of several prominent projects, including the Urban Service, Trading and Residential Area project in Ward 1, Sa Dec city, Dong Thap province, and the Complex of Commercial Housing Services in the center of Long Xuyen city.

Vinh Thien Danang Company is headquartered in Tran Hung Dao, An Hai Tay ward, Son Tra district, Da Nang city. As of February 24, 2024, the company had a charter capital of VND 2,500 billion, consisting of 3 members: Mr. Pham Xuan Thuy (64.44%), Thai Son – Long An Joint Stock Company (27.76%), and Can Giuoc Real Estate Investment Company Limited (7.8%). Ms. Pham Xuan Thuy (born in 1985) is the General Director and legal representative of the company.

In recent years, Vinh Thien Danang Company has continuously expanded its land fund and registered for large and small projects nationwide.

The Sen Ho Urban Area project has a total investment of VND 6,956 billion, with a land area of 62.6 hectares in Nhan Hoa ward, My Hao town, Hung Yen province, and an expected population of 12,000 people. The current status of the land has not been cleared.

The investment scale includes constructing and completing the exterior for detached houses and villas; building and completing mixed-use apartment buildings, social housing, and conducting business in accordance with regulations (including approximately 1,173 detached houses, 254 villas, 3 mixed-use apartment buildings with about 1,175 apartments, and 952 social housing units); as well as commercial and service facilities.

The project has a duration of 50 years from the date the investor is granted the investment approval document. The investment progress is expected to take 84 months (7 years) from the date of approval.

On July 15, 2020, the People’s Committee of Hung Yen province issued Decision No. 1576/QD-UBND approving the 1/2000 construction planning subdivision of the Sen Ho high-class urban area and the Sen Ho high-class urban area 2 in Nhan Hoa ward, My Hao town. The planning was established by T&T Technology and Urban Development Company Limited.

You may also like

Prosecution launched in overpriced land sale case worth more than 11 billion VND in Ca Mau

The police have pressed charges and extended the travel ban on individuals involved in the land transfer case with a price difference of over 11 billion dong in Cà Mau.

The Taxman Cometh: Developer Owes Over $550,000 in Back Taxes, Project Faces Recall

For years, the investor of an unfinished project failed to fulfill their tax obligations, leading to a recommendation by the Tien Giang provincial authorities to the People’s Committee to reclaim the land.

Penalties for Long Bien District Condo Project Owner Causing Sidewalk Subsidence and Road Cracks

The construction project for the apartment complex in Long Bien Ward, Long Bien District, Hanoi, has hit a snag. Delux Hanoi Construction and Trading Company Ltd., the project investor, has been fined VND 180 million by the Long Bien District People’s Committee for causing pavement subsidence and road cracks in the area.

Unveiling the Secrets of a Renowned Fuel ‘Tycoon’

The Ministry of Industry and Trade has launched an inspection of Hai Linh Limited Company, a major petroleum distributor in Northern Vietnam, headquartered in Phu Tho. The trade departments of seven provinces have been requested to verify and provide information on retail gasoline and oil agencies under Hai Linh’s distribution system.