On May 22, Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the People’s Committee of Binh Duong province, hosted a meeting with Mr. Dang Minh Truong, Chairman of the Board of Directors of Sun Group.
At the meeting, Mr. Dang Minh Truong expressed his desire for the local government to continue facilitating and supporting the group’s investment in the North An Tay and Dong An Tay urban area projects.
The projects are expected to include apartment buildings, detached houses, and mixed-use developments, along with commercial and service facilities such as offices, shopping malls, supermarkets, and restaurants. The projects will also feature educational institutions such as kindergartens, primary and secondary schools, as well as healthcare facilities and public infrastructure such as parks and green spaces.
Mr. Dang Minh Truong, Chairman of the Board of Directors of Sun Group
Speaking at the meeting, Mr. Vo Van Minh requested that local departments and authorities join hands with high determination to focus on resolving difficulties and providing maximum support to the investor to accelerate the implementation of the projects as per the approved plans.
Dong An Tay Urban Area is located in An Tay ward and Phu An commune, Ben Cat city, with an expected investment of VND 13,564 billion, excluding compensation, support, and resettlement costs of VND 9,913 billion.
The project is expected to cover an area of approximately 288.84 hectares, including 280.44 hectares of land and 8.4 hectares of water surface. The total number of apartments/houses is expected to be around 7,100, accommodating a population of about 14,300 people.
The investor is required to complete the entire project within 12 years from the date of approval by the competent authority of the investor selection result or investor approval.
North An Tay Urban Area is also located in An Tay, Ben Cat city, with a total investment of about VND 11,128 billion, including a project implementation cost of nearly VND 8,237 billion and compensation and resettlement support cost of over VND 2,891 billion.
The urban area is designed to accommodate a population of about 10,000 people in An Tay, Ben Cat city. The project will be built on an area of about 70 hectares, including apartment buildings with a maximum height of 20 floors (5.6 hectares); detached houses with a maximum height of 6 floors (9.8 hectares); social housing with a maximum height of 2 floors (3.9 hectares); and resettlement houses with a maximum height of 3 floors (1.4 hectares). A total of 3,090 houses are expected to be built.
In terms of progress, the investor is required to complete the entire project within 8 years from the date of approval by the competent authority of the investor selection result or investor approval.
As of the end of 2024, the consolidated total assets of Sun Group Joint Stock Company exceeded VND 43,255 billion.
The company concluded the year 2024 with a 155% increase in after-tax profit compared to the previous year, reaching nearly VND 849 billion.
While long-term assets under construction as of December 31, 2024, decreased by 27.9% compared to the previous year, to VND 3,219 billion, fixed assets increased by 44.3%, from over VND 7,535 billion in 2023 to over VND 10,872 billion as of December 31, 2024.
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