What Makes Hanoi’s $13 Billion Avenue, Set to Break Ground in 2026, So Extraordinary?

Unveiling a staggering $13 billion price tag, Hanoi's yet-to-be-built grand avenue is already igniting the real estate market. Daily speculation swirls around land prices, capital influx, and investment opportunities. What makes this project so extraordinary?

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The project is proposed by a joint venture between Van Phu Invest and Deo Ca Group. Van Phu Invest is renowned as the developer of several prominent projects, including the Van Phu – Ha Dong New Urban Area, Grandeur Palace – Giang Vo, Vlasta – Sam Son, and Vlasta – Thuy Nguyen.

Deo Ca Group is a well-established name in the transportation infrastructure sector, particularly known for major bridge, road, and tunnel projects such as the Deo Ca Tunnel, Hai Van 2 Tunnel, and the North-South Expressway.