The People’s Committee of Hoa Binh province has recently approved an investment proposal for an eco-town project in Thinh Minh, Hoa Binh city, with an expected population of 2,500 people.
The project aims to develop a new urban area, comprising a residential area with synchronized technical and social infrastructure, harmoniously connected with nature, and an eco-complex for tourism, relaxation, modern healthcare conservation, and eco-friendliness.
Hoa Binh’s upcoming eco-town project is worth over VND 1,454 billion. Illustrative image.
Additionally, the project will enhance and promote distinctive service products, supporting the development of tourism along the Da River and providing auxiliary space for Hanoi through the connection of the Hoa Lac – Hoa Binh expressway.
The project, covering an area of nearly 65 hectares, will be open for bidding to select investors. The land use allocation includes 99,618 square meters for commercial housing (villas) and 24,905 square meters for social housing.
The total investment capital for the project is over VND 1,454 billion, including project implementation fees of VND 1,389 billion and compensation, site clearance, resettlement, and reforestation costs of nearly VND 65 billion.
The project will have a lifespan of 50 years from the date the investor is granted land, leased land, or land use purpose changed. The duration of land use for commercial, service, residential, educational, and other types of land in the project will be determined following land-related legal regulations.
Here’s the project timeline: From Q3 2024 to Q2 2025, complete investment preparation procedures, organize site clearance, and finalize investment, construction, environmental, fire protection, and construction permit-related documents.
From Q3 2025 to Q2 2030, construct the project’s technical infrastructure components, and execute the construction, marketing, and handover of housing clusters as per the approved planning and investment phases. From Q3 2030 onwards, commence operations and exploitation.
The People’s Committee of Hoa Binh province requires the winning bidder to comply with land-related laws and regulations, as well as those pertaining to investment, planning, construction, and real estate business. Additionally, the investor is responsible for making land use payments for commercial and service land (through a land grant with a fee) after the provincial authority determines the amount to be paid as per regulations.
The investor is also expected to coordinate with authorized state agencies and allocate funds for compensation and site clearance, ensuring full tax and fee compliance during the project’s execution. The project must adhere to the approved scale and technical infrastructure components, and the construction and completion of the exterior of the houses must follow the approved planning and design.
The Billion-Dollar Highway: A Race Against the Monsoon
After almost a year of construction, the renovation and upgrade project of National Highway 8C, from Thien Cam to National Highway 1 in Ha Tinh province, remains unfinished as the rainy season approaches. The project has faced delays due to challenges with acquiring the remaining land required for the construction.
Victory Capital’s AGM: Who are the two investors lending VND1,000 billion?
A corporation and an individual will lend PTL VND300 billion and VND700 billion, respectively, in unsecured loans for up to 12 months, with an interest rate of 7.5%/year. The company will repay the debt in cash or issue shares to convert the debt.
