On November 25th, Khai Thinh Real Estate Joint Stock Company (established in 2018) held the groundbreaking ceremony for the social housing project within the Khai Vy Mixed Residential and Commercial Area in Phu Thuan Ward, Ho Chi Minh City. Spanning over 5,100 m², the project comprises 324 apartments and is expected to be completed by Q2/2028.
Earlier in 2024, Hung Thinh Incons JSC partnered with TTD Holding JSC to develop a social housing project in Cau Rao 2 Urban Area (former Le Chan District, Hai Phong City), with a total investment of over VND 1.9 trillion. The project is planned to provide 1,880 apartments, but despite receiving approval in early 2024, construction has yet to commence.
Hung Thinh’s history is closely tied to its Chairman, Nguyen Dinh Trung. In 2002, Mr. Trung, a graduate in accounting, ventured into real estate and founded Dong Tien Investment Consulting Service Trading Company Limited—the precursor to Hung Thinh Land.
Since 2011, Hung Thinh Corp has revitalized numerous stalled projects, including Florita (Him Lam Urban Area, District 7), 9 View (District 9), Richmond City (Binh Thanh), Moonlight Boulevard, Moonlight Park View (Binh Tan), MoonLights Residences (Thu Duc), Sky Center (Tan Binh), Melody Residences (Tan Phu), 8X Plus (District 12), 8X Thai An (Go Vap), 8X Dam Sen (Tan Phu), and various other projects in central Ho Chi Minh City.
Key milestones in its development include: 2010—groundbreaking of Thien Nam Apartment; 2012—launch of Golden Bay Cam Ranh Urban Area; 2013—general contractor for 91 Pham Van Hai project; 2014—groundbreaking of Sky Center and Melody Residences; 2015—development of large-scale projects like Florita, Vung Tau Melody, Saigon Mia; 2016—continuation with 9 View Apartment, Moonlight Residences.
In 2017, Hung Thinh Construction rebranded to Hung Thinh Incons, increased its charter capital to VND 250 billion, and listed its shares on HOSE (code: HTN).
Currently, Hung Thinh employs nearly 3,000 staff, operates 64 subsidiaries, and maintains 12 representative offices. Hung Thinh Land, originally a trading floor, has evolved into a professional project developer with a portfolio spanning Ho Chi Minh City, Dong Nai, Vung Tau, Khanh Hoa, and Binh Thuan. Notable projects include Q7 Saigon Riverside (nearly 4,000 units), Bien Hoa New City (1,600 lots), Lavita Charm Thu Duc (over 1,000 units), Richmond City Binh Thanh (1,200 units), and Golden Bay 602 Cam Ranh (over 2,000 lots).
Tu An
Newly Added Beneficiary in Ho Chi Minh City Receives Full Coverage for Health and Social Insurance Contributions
The estimated annual budget for subsidizing voluntary health insurance (BHYT) and social insurance (BHXH) contributions for this demographic is projected at 366 billion VND.
Panoramic View of the 11,000-Billion-VND Bridge Project Area, Adjacent to Ho Chi Minh City’s Prime Riverside Real Estate Valued at $1 Billion per Kilometer
Upon completion, the Dong Nai 2 Bridge will reduce travel time from Vinhomes Grand Park to Aqua City from nearly an hour to just 10 minutes, significantly boosting property values on the other side of the river.
Thousands of Bắc Ninh Residents Rejoice Over This News
Discover the latest opportunity in Bắc Ninh: over 3,400 affordable social housing units are now available for sale in Nếnh Ward, starting at just 13 million VND per square meter.
How Have Apartment Prices Along Metro Lines Surged Since Their Launch?
According to CBRE Vietnam, properties located within TOD (Transit-Oriented Development) zones, which prioritize integration with public transportation, consistently command higher values compared to those in non-TOD areas.
Nearly 30 Financial Conglomerates Set to Join Ho Chi Minh City’s International Financial Hub
Leading global corporations have secured their presence in the early stages of Ho Chi-Minh City’s International Financial Center, set to commence operations in December.
