The Board of Directors of Mekong Capital Joint Stock Company (HNX: VC3) has approved the investment in The Charms Binh Duong, a high-end apartment complex within the Binh Duong Industrial-Service-Urban Complex. Located in lot A4 of the new urban area (Zone 1), Binh Duong Ward, Ho Chi Minh City, this project promises to redefine luxury living.
Classified as a Group A project, this residential development is designed for longevity, with a minimum lifespan of 100 years for the high-rise condominiums. The total investment capital amounts to 3.733 trillion VND, covering land use rights acquisition and construction costs. The project is slated for execution from 2025 to 2029.
In mid-June 2025, the Binh Duong Provincial People’s Committee granted Mekong Capital permission to acquire and develop The Charms Binh Duong project from Becamex Industrial Development and Investment Corporation (HOSE: BCM).
This transaction stems from the framework agreement No. 19/HĐNT/2021, signed on February 2, 2021, wherein Mekong Capital agreed to acquire a portion of the project in Binh Duong New Urban Area (Zone 1) from BCM, valued at over 515 billion VND.
According to VC3‘s consolidated financial statements for the first half of 2025, as of June 30, 2025, the work-in-progress costs for The Charms Binh Duong project totaled nearly 476 billion VND, with VC3 owing BCM over 315 billion VND.
 Source: VC3
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Becamex’s 2022 environmental impact assessment report reveals that the project spans over 1.3 hectares, featuring two 30-story towers and three basement levels. It will offer approximately 1,622 apartments, accommodating nearly 4,800 residents.
The total construction floor area is approximately 200,000 m², comprising 153,000 m² for residential units, 14,200 m² for commercial services, and 32,400 m² for basement facilities.
Strategically located opposite the former Binh Duong New City Administrative and Cultural Center, the project is bordered by Le Hoan Street to the north, Nguyen Thi Dinh Street to the south, Chu Van An Street (A1 roundabout) to the east, and Dong Khoi Street to the west.
Project location. Source: BCM
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The site is currently vacant, level, and fully cleared, with its boundaries lined with lush greenery. Situated within the 709.6-hectare Binh Duong New Urban Area (Zone 1), the infrastructure is developed by BCM.
The total infrastructure investment is nearly 1.5 trillion VND, with a projected timeline of four years from 2022 to 2026.
In early 2024, the Department of Natural Resources and Environment granted BCM an environmental protection permit for the construction of The Charms Binh Duong luxury apartment complex.
Rendering of The Charms Binh Duong luxury apartment complex. Source: VC3
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– 20:34 15/10/2025
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