According to Decision No. 2629/QĐ-UBND signed by Vice Chairman of Lai Chau Provincial People’s Committee, Giàng A Tính, the project is led by Lan Hưng Real Estate Group Joint Stock Company (Bac Ninh) as the investor. With a total investment of over 905 billion VND, the investor’s capital amounts to 220 billion VND, while the remaining 685 billion VND is sourced from legal mobilized loans.
Spanning approximately 31,000 m², the project focuses on comprehensive infrastructure development, including social housing, commercial housing, and auxiliary facilities. Specifically, three 15–20-story social housing apartment blocks will provide around 960 units, while the commercial housing area, occupying 20% of the residential land, is expected to include about 40 units, each 4–5 stories high.
The project also features a two-story kindergarten covering 370 m², external technical infrastructure such as electricity and water supply systems, fire prevention, landscaping, parking areas, and more. Additionally, 880 m² of land is allocated for resettlement of affected households.
Headquarters of Đoàn Kết Ward People’s Committee.
The project’s operational duration is set at 50 years from the date the investor receives the land allocation or lease. Homebuyers will enjoy stable, long-term land use rights as per regulations.
This initiative aligns with the Government’s scheme to “Invest in constructing at least 1 million social housing units for low-income earners and industrial zone workers from 2021–2030.” Upon completion, the social housing complex will accommodate approximately 3,000 residents, fostering local economic growth, social development, and employment opportunities during construction.
Scheduled for completion between 2025–2028, the project’s timeline includes: Q4/2025–Q3/2026 for technical infrastructure, public facilities, and CT1 apartment block; and Q4/2026–Q4/2028 for CT2, CT3 apartment blocks, and adjacent commercial housing.
The Provincial People’s Committee mandates the investor to comply with construction, environmental, and fire safety regulations, ensure project quality, and prioritize local labor. The Department of Construction will oversee design approval, construction permits, pricing, and supervision. The Department of Agriculture and Environment will manage land planning and allocation procedures.
How to complete 428,000 social housing units by 2025?
The Ministry of Construction’s representative has stated that they will collaborate with various units to provide input in the development of the Guiding Decrees for the Real Estate Business Law and Land Law; and recommend reducing interest rates for the 120 trillion VND support package.
