The Deputy Prime Minister has approved in principle the investment project and the selection of DragonGroup JSC as the project’s investor.
The project will be located in Xuan An town, Xuan Vien commune, Nghi Xuan district, Ha Tinh province, spanning an area of 194.36 hectares. With a total investment capital of nearly VND 2,265.3 billion, including nearly VND 339.8 billion in equity capital, the project is granted a 50-year operation duration from the date of land lease by the State.
The Deputy Prime Minister has tasked the Ministry of Planning and Investment with the responsibility for the content related to the appraisal of the investment policy for the project and for performing the State management of the industrial park in accordance with the laws on investment and other relevant legal provisions.
Other relevant ministries are responsible for the content related to the appraisal of the investment policy for the project within the scope of their functions and tasks, as prescribed by the laws on investment and other relevant legal provisions.
The Ha Tinh People’s Committee is requested to direct the Ha Tinh Economic Zone Management Board and related agencies to guide, inspect, and supervise the investor in implementing the approved construction planning for the expanded Gia Lach Industrial Park, completing construction procedures in accordance with the laws on construction, and ensuring that the project’s location and scale conform to the approved investment policy.
As the investor, DragonGroup is responsible for the legality, accuracy, and truthfulness of the project’s documents and submissions to the State authorities and for complying with the laws in executing the project as per this Decision.
Who is DragonGroup?
DragonGroup JSC, formally known as Cong Ty Co Phan Dau Tu Xuat Nhap Khau Thang Long, was established on December 1, 2009, and is headquartered in Phu Khanh Ward, Thai Binh City, Thai Binh Province.
Following several capital increases, DragonGroup officially reached a chartered capital of VND 1,000 billion in August 2021. Subsequently, the company underwent three additional capital increases, reaching VND 1,450 billion in April 2022, VND 2,000 billion in June 2022, and VND 2,100 billion in February 2024.
According to the latest enterprise registration content change announcement in February 2024, DragonGroup’s General Director and legal representative is Mr. Vu Ngoc Anh.
Mr. Vu Ngoc Anh – DragonGroup’s General Director
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As per DragonGroup’s website, the company operates in three core business areas: industry (textiles, minerals, and environmental protection), services and trade (transportation, automobile and electric vehicle dealerships, hotels, commercial centers, education, sports, security, petroleum, construction materials, etc.), and construction and real estate (technical infrastructure, real estate investment and development, and industrial park complexes).
In the construction and real estate sector, DragonGroup owns two brands: DragonCons, specializing in technical and civil infrastructure construction, and DragonHomes, focusing on investing, developing, transferring, and operating mid-range and high-end real estate projects.
Notable projects listed on the company’s website include Thai Binh Dragon City, DragonHomes Eco City, DragonEco Apartment, DragonHomes Metropolis Lao Cai, and DragonHomes Metropolis Thai Binh.
DragonGroup also attracted attention when it received approval for a VND 4,200 billion urban project in Thai Binh Province.
Specifically, on the afternoon of August 31, 2023, the People’s Committee of Thai Binh Province organized a ceremony to grant investment decisions for several commercial housing development projects in the province, with DragonGroup being one of the three investors to receive approval for a commercial housing development project in Song An and Trung An communes, Vu Thu district, Thai Binh Province.
The project covers an area of nearly 122.7 hectares, with a planned population of 15,755 people and a total expected investment of over VND 4,200 billion.
DragonGroup Proposes a VND 4.2 Trillion Urban Project in Thai Binh
