On May 28, 2025, the People’s Committee of Binh Dinh province decided to revoke over 10.7 ha of land at the project for the construction and business of technical infrastructure of a seafood processing industrial cluster in Cat Khanh commune, Phu Cat district of HQG Joint Stock Investment Company due to the termination of the investment project as stipulated by investment laws.
The provincial People’s Committee assigned the People’s Committee of Phu Cat district to direct the district’s Project Management Board for Investment Construction and Land Fund Development to receive the land handover and manage it as prescribed. At the same time, HQG Investment Joint Stock Company is responsible for handing over all documents related to land use rights and fulfilling its financial obligations for the revoked land area.
Previously, on June 26, 2015, the People’s Committee of Binh Dinh province decided to establish Cat Khanh Seafood Processing Industrial Cluster in Thang Kien village, Cat Khanh commune, with an area of about 60 ha. The industries attracting investment into the industrial cluster include agricultural, aquatic, and small-scale industrial processing, and other consumer industries.
However, in April 2016, the People’s Committee of Phu Cat district proposed to adjust the planning and reduce the scale of the industrial cluster to less than 50 ha, which was approved by the provincial People’s Committee. In November 2018, the province licensed HQG Joint Stock Investment Company to lease land to develop technical infrastructure here.
The project faced many difficulties during its implementation, such as delays, lack of economic efficiency, and financial capacity of the investor. Therefore, in April 2023, the People’s Committee of Binh Dinh province agreed to terminate the project.
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HQG Joint Stock Investment Company was established on May 17, 2017, in Quy Nhon city, Binh Dinh province. The main business lines include the production of animal, poultry, and aquatic feed. The initial chartered capital was VND 5 billion, of which Ms. Tran Thi Hang (General Director and legal representative) contributed 40%, Mr. Pham Van Anh 35%, and Mr. Nguyen Hoai Phuong 25%. In August 2018, the capital was increased to VND 20 billion, of which Mr. Phuong held 60%, Mr. Anh 22%, and Ms. Hang 18%. Two months later, Mr. Anh and Ms. Hang withdrew capital, and Mr. Phuong reduced his ownership to 35%. Mr. Bui Anh Tu became the General Director and legal representative. The latest update in July 2019 showed that the company increased its capital to VND 34 billion, but the shareholder structure was not disclosed. |
Converting the function of the industrial cluster to an urban area
On August 29, 2023, the People’s Committee of Binh Dinh province approved the master plan at a ratio of 1/5000 for Cat Khanh urban area, with a scale of nearly 3,074 ha, encompassing the entire commune of Cat Khanh. The urban area is bordered by the East Sea to the east, Cat Tai and Cat Minh communes to the west, Cat Thanh commune to the south, and De Gi lagoon to the north.
The planning aims to develop a coastal urban area associated with trade, tourism services, and a coastal community space, with an expected population of 25,000 people by 2030 and 40,000 people by 2040.
The general orientation of the development is to take the Dao River as the central green space axis of the urban area, with two main directions. The first direction is coastal development, prioritizing trade, tourism services along the eastern seaside road. The second direction involves the development of urban residential areas, trade services, and social infrastructure to the west of the seaside road.
Another direction is to expand the existing commune center and improve technical infrastructure to meet the standards of a type V city. Along both sides of DT639 road, urban residential areas, trade services, and tourism will be developed towards the north (De Gi lagoon), and the function of the Cat Khanh industrial cluster will be converted into an urban function.
Recently, on April 7, 2025, the provincial People’s Committee approved in principle the investment project for Cat Khanh urban area on an area of more than 41.6 ha in the Cat Khanh seafood processing industrial cluster.
The project has a total investment of over VND 1,996 billion, including 981 adjacent houses and 139 villas, with a construction period of 6 years. It is expected to be completed and put into use in Q2/2031.
 Source: People’s Committee of Phu Cat district
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The project has a duration of 50 years from the date the investor is granted the decision to allocate or lease land or convert land use purposes. Homeowners of adjacent houses with land use rights are entitled to stable long-term land use. The investor will be selected through a bidding process.
The project aims to build a modern urban area with synchronous technical and social infrastructure, combining trade and service facilities, parks, and green spaces to create a friendly living environment, thereby contributing to the socio-economic development of the locality.
– 13:52 02/06/2025
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