The People’s Committee of Bac Ninh province has recently approved the selection of investors for three projects focused on Tu Son ward, with a total capital of nearly VND 40,000 billion.
Among these, the project with the largest investment scale is the new urban area in Dinh Bang ward (now belonging to Tu Son ward) with a total investment of over VND 16,800 billion. The project covers an area of nearly 54 hectares and is expected to accommodate a population of over 13,700 people. The project is scheduled to be completed within 6.5 years.
The successful bidder for this project is Dong Ngan Investment Joint Stock Company. Established in March 2025, the company is headquartered in Tu Son ward, Bac Ninh province, specializing in residential construction. Three months after its establishment, the company increased its charter capital from VND 1,200 billion to VND 2,600 billion. Mr. Nguyen Van Hai (born in 1996) serves as the Director and legal representative of the company.
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The second project is a new urban area in Dinh Bang ward (now part of Tu Son ward), spanning nearly 53 hectares, with a total investment of over VND 9,657 billion. This project is designed for a population of over 5,400 people and is also scheduled for completion within 6.5 years.
Phu Dien Investment Construction and Trading Joint Stock Company won the bid for this project. Established in December 2002, the company is led by Mr. Le Thanh Tao as Chairman of the Board of Directors and Mr. Tran Manh Hung as Director.
As of May 2025, the company’s shareholder structure includes Phu Xuan Construction and Trading Limited Company holding 2.25%, Chairman Le Thanh Tao with 11.25%, and Le Thanh Ha with 31.5%. The remaining shareholders are not disclosed.
Phu Dien specializes in investing in and operating wastewater treatment projects in Hanoi, Ho Chi Minh City, and several other provinces. In Bac Ninh, the company has also invested in a number of urban areas, including Tan Hong Dong Ngan and Dong Nguyen…
The third project is a new urban and service area in Khac Niem ward, Van Duong ward, and Dai Phuc ward (now Hap Linh ward, Nam Son ward, and Vo Cuong ward), undertaken by Vinh Tuy Joint Stock Company.
Established in December 2009, Vinh Tuy is known for its investment in the Him Lam Vinh Tuy residential area in the former Long Bien district of Hanoi, spanning over 16 hectares. Mr. Nghiem Nhat Vu, the General Director and legal representative of Vinh Tuy Joint Stock Company, also serves as the legal representative of Him Lam Hanoi Joint Stock Company.
The new urban area in Khac Niem, Van Duong, and Dai Phuc wards covers a total area of over 143 hectares, with a total investment of nearly VND 13,600 billion and a planned population of approximately 11,440 people. The project will develop low-rise housing, social apartments, hotels, and commercial services…
Earlier, in May, a consortium led by Vingroup was also approved as the investor for the new urban area in the northwest of Bac Ninh city (Zone 1) with a total investment of approximately VND 41,270 billion.
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