The signing ceremony marked a significant milestone in DBFS’s journey to bring its unique services to customers in Vietnam. Despite facing challenges such as the Covid-19 pandemic and a real estate market downturn since its establishment, DBFS has remained true to its goals and successfully signed and implemented several key projects. One of their notable successes is the upscale apartment project, Cara River Park, developed by Cara Group in Can Tho City, which has become a new landmark, thanks to DBFS’s superior model.
The commercial apartment project, strategically located in the center of Tan Phu District, is yet another feather in DBFS’s cap. It seamlessly connects with key infrastructure projects in the area, such as the improvement of the Tham Luong – Ben Cat – Rach Nuoc Len canal and the Metro Line 2: Ben Thanh – Tham Luong. The area also boasts a convenient location in the heart of Tan Phu District, with easy access to the Aeon mega-mall, Tan Son Nhat International Airport, and a host of healthcare, educational, and entertainment centers.
At the ceremony, Mr. Le Hao, CEO of DBFS, shared, “2024 is a pivotal year, marking the recovery of the real estate market as the national economy rebounds, investment and land laws become clearer, and customer confidence returns. This is the opportune time to launch projects.”
Mr. Tran Nhu Tung, Chairman of TCM’s Board of Directors and Chairman of TC Tower’s Members’ Council, added, “The Tan Phu District area doesn’t have many well-executed projects like Celadon City. Therefore, with the leadership’s project development experience and the advantage of TC Tower’s land fund, we are confident that this project will become a new symbol of Tan Phu District, offering quality housing options and generating significant interest from customers.”
The “Comprehensive Project Developer” model was introduced to the market with the establishment of Dat Xanh E&C Joint Stock Company in 2021 (the predecessor of DBFS, then a member company of Dat Xanh Group). By offering a comprehensive solution package, from market and product research to product and project design, marketing and sales organization, customer service, and construction implementation, DBFS aims to deliver maximum efficiency to investors through professionalism, transparency, and the superior capabilities of its project development team.
With this model, investors only need to own suitable land for project development. They can avoid the burden of a cumbersome organization, the need to be professional real estate developers, or the requirement for substantial financial resources and risks. Even foreign investors seeking opportunities in Vietnam’s real estate market can confidently choose DBFS’s solution as their top option.
A Billion-Dollar Urban Shift: Vietinbank Union to Phu My Hung
The Hong Hac – Xuan Lam eco-city in Bac Ninh boasts a staggering total investment of approximately 1.06 billion USD. This ambitious project is led by a reputable company, previously owned by the Vietnam Commercial Joint Stock Bank Trade Union (Vietinbank), which held a 98.9% stake before it was acquired by Phu My Hung.
What Types of Land Use Projects Require an Investor Tender Process?
In accordance with Decree 115/2024/ND-CP, there are two groups of investment projects that utilize land and fall under the category of requiring a bidding process to select investors.