Vingroup to Pay Over VND 8,000 Billion in Land Compensation for Project in Phạm Nhật Vượng’s Hometown

In November, officials are expected to complete the land and asset inventory, followed by the verification of land origins and the development and public disclosure of compensation plans.

0
23

According to Ha Tinh Newspaper, on November 12, 2025, the Compensation, Support, and Resettlement Council for the Ky Trinh New Urban Area Project held meetings in four residential areas: Quyen Hanh, Quyen Thuong, Tay Trinh, and Hoang Trinh. The purpose was to provide detailed information about the project’s implementation plan and the land clearance (LC) roadmap.

During the meeting, Mr. Tran Nam Vu, Vice Chairman of Song Tri Ward People’s Committee and Chairman of the Council, emphasized that LC is always a challenging step as it directly affects the rights and interests of residents. The ward has assigned officers to collaborate with residential areas and individual households to conduct land and property inventories, expected to be completed in November 2025. Afterward, the Council will proceed with verifying land origins, establishing and publicizing compensation plans, and organizing payments and land handover to investors as soon as possible.

Statistics show that the project requires LC for over 1,400 agricultural land plots and 13 residential or garden land plots belonging to approximately 600 households. The total area includes 68.7 hectares of agricultural land, 0.19 hectares of residential and garden land, 8.35 hectares of irrigation and transportation land, and 6.88 hectares previously cleared.

Mr. Nguyen Xuan Thuy, Secretary of the Hoang Trinh Residential Area Party Cell, stated, “Residents are now well-informed about the project, including its scale, progress, compensation policies, and benefits. They have agreed to the early land handover, and many households have committed to cooperating for timely LC implementation.”

The Ky Trinh New Urban Area Project has a total investment of over 8,000 billion VND, spanning more than 84 hectares.

The Ky Trinh New Urban Area Project was approved by the Provincial Economic Zone Management Board on May 29, 2025, with a total investment of over 8,000 billion VND and a scale of more than 84 hectares. The project includes nearly 2,600 adjacent commercial houses, 8 ten-story social housing buildings, and various facilities such as schools, hospitals, parks, parking lots, shopping centers, and other public works.

The investor is Thai Son Investment and Construction Joint Stock Company, a subsidiary of Vingroup. According to the plan, construction will begin in early 2026, aiming to transform Song Tri Ward’s urban landscape and become a key milestone in the region’s urbanization process.

You may also like

Essential Insights on Land Reclamation and Compulsory Land Acquisition

Land reclamation through compulsory acquisition has been and is currently taking place in several localities. Our legal experts are here to address any questions or concerns you may have regarding this complex issue.

Implementing Special Mechanisms for the High-Speed Rail Project Through Khanh Hoa

The People’s Committee of Khanh Hoa Province has approved the principle of direct procurement for consulting, consulting fees, and construction packages, as well as the implementation of compensation, support, and resettlement activities for the North-South High-Speed Railway Project, specifically for the section passing through the province.

Quảng Ngãi Sets Groundbreaking Date for Hòa Phát Dung Quất’s $600 Million Special Steel and Railway Track Production Project

The People’s Committee of Quang Ngai Province has recently released a report outlining its key priorities, which include the development of the Hoa Phat Dung Quat special steel and railway track production project.

Ho Chi Minh City Supports Tay Ninh with VND 1.806 Trillion for HCMC-Moc Bai Expressway Land Clearance Compensation

The Ho Chi Minh City – Moc Bai Expressway project, spanning 26.3km through Tay Ninh, has seen its budget surge to VND 3,141 billion, a significant increase of VND 2,245 billion from the initially approved plan. Ho Chi Minh City will contribute VND 1,806 billion to support this critical infrastructure development.

Vietnam’s First 5-Star World-Class Airport: A 1,900-Hectare Mega Project with $8.5 Billion Investment – Nearly $85 Million in Compensation Paid to Over 4,000 Households

To date, Bac Ninh province has disbursed nearly VND 2 trillion in compensation and site clearance payments to approximately 4,054 households across three communes: Gia Binh, Nhan Thang, and Luong Tai, covering an area of over 436 hectares.