According to the decision, the project was widely tendered (internationally), and the selected investor is Hai Duong – Hai Phong Investment and Development JSC, a company newly established in June this year. Its headquarters are located in the Trang Due Urban Service and Worker Housing Area, An Duong Ward, Hai Phong City.
The project is bordered to the northeast by a residential area and the Minh Tien Village Cultural House sports field; to the northwest by farmland and the Minh Tien Village residential area; to the southeast by farmland; and to the southwest by farmland, a residential area, and National Highway 17B.
The total land area is over 444,475 m², with residential land accounting for nearly 30%, commercial services over 3%, transportation land 38%, and green spaces and water bodies over 16%.
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Land Use Structure of the Project
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The project includes the construction of 121 residential units, comprising 102 four-story townhouses and 19 three-story villas, as well as 3 commercial service buildings ranging from 1 to 5 stories.
The preliminary investment is 1.14 trillion VND, with land clearance compensation and support costs exceeding 214 billion VND. The investor plans to contribute over 239 billion VND from equity, with the remaining funds raised and borrowed from other organizations and individuals, totaling over 900 billion VND. The investor also proposes a state budget contribution rate of 3.75%.
The project will be implemented over 48 months from the land allocation date, with a 20-year operational period.
Hai Duong – Hai Phong Investment and Development JSC was established in June this year. Currently, Ms. Sam Thi Huong, Chairwoman of the Board, holds 98% of the capital (equivalent to 882 billion VND), while Ms. Nguyen Thi Thoa and Pham Thi Xuan each hold 1% (9 billion VND). Less than a month after its establishment, the company increased its capital from 900 billion VND to 2,000 billion VND.
Ms. Sam Thi Huong (born in 1987) previously served as Secretary and Head of Administration at Saigon Telecommunications Technology JSC (HOSE: SGT) and was a member of SGT’s Policy Development Subcommittee.
Ms. Huong is also a shareholder in DTT Investment and Development JSC, where Mr. Dang Thanh Tam (Chairman of Kinh Bac Urban Development Corporation – JSC (HOSE: KBC)) serves as Chairman of the Board and holds 90.4% of the charter capital, alongside Mr. Tam’s daughter, Ms. Dang Nguyen Quynh Anh.
In 2014, Ms. Huong and two other individuals participated in the purchase of 33.3 million shares issued by KBC for debt offset purposes.
– 17:12 14/11/2025
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