On July 15, the People’s Committee of Bac Ninh province announced that it had signed a contract for the investment project to build a new urban area in the northwest of Bac Ninh city (Zone 2) with Bac Ninh Northwest Investment Joint Stock Company, with the contract taking effect from August 8, 2025.
The project covers an area of over 45.4 hectares in Hoa Long ward and includes low-rise terraced houses, villas, and apartments, with a maximum total floor area of approximately 317,063 square meters. The projected population is over 5,600 people.
The total investment capital is nearly VND 4,074 billion. The project is expected to be completed within seven years from the date of selecting the investor.
The investor, Bac Ninh Northwest Company, is a newly established enterprise in April 2025, headquartered in Bac Ninh. Its main business line is real estate. The company has a charter capital of VND 620 billion, with shareholders including Bac Ninh Construction and Development Joint Stock Company (UPCoM: BVL) holding 18.065%, Bach Viet Group Joint Stock Company (BV Group) holding 31%, Mr. Nguyen Hoang Duy Nam holding 36%, and Mr. Cao Duc Dang holding 15%. The company’s legal representative and director is Ms. Pham Thi Hong Hue. Meanwhile, BVL is a subsidiary of Bach Viet Group, in which the latter holds 63.37%.
According to BV Group’s website, the company was founded in 2010 and operates in the fields of education, real estate, and trade-services. The Northwest Urban Area project in Bac Ninh city covers an area of nearly 600 hectares and is positioned as a modern and synchronous urban area, leading the development of the whole region in the near future. Zone 2 is located in the center of the project, and BV Land is directly involved in its development.
 The Northwest Urban Area project in Bac Ninh city covers an area of nearly 600 hectares. Source: BV Group
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According to the newly published environmental impact assessment report, the new urban area project in the northwest of Bac Ninh city (Zone 1) covers an area of approximately 277 hectares in Kinh Bac ward. The project is invested by a consortium of Vingroup Joint Stock Company (HOSE: VIC), Thanh Binh Investment Development Commercial Consulting Company Limited, New Life Real Estate Investment and Development Joint Stock Company, and Phu Tho Land Joint Stock Company. The project is also expected to be implemented within seven years and operated from 2032.
The total investment capital is over VND 41,200 billion, and the projected population is about 33,000 people. The products include terraced houses, villas, social housing, and apartments.
[Phu Tho Land has just raised capital to over VND 1,700 billion and issued VND 1,900 billion in bonds]
Thanh Tu
– 16:52 28/07/2025
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