Hai Phong’s Hai Duong Porcelain Company has been awarded 81,151 square meters of land after successfully bidding for land use rights to develop a residential area as per the detailed construction plan and approved investment project.
The project’s land use structure includes 25,271 square meters for adjacent housing, 1,012 square meters for commercial adjacent housing, 10,291 square meters for mixed-use high-rise buildings, and 5,515 square meters for high-rise social housing. The remaining area is designated for transportation infrastructure and technical infrastructure.
Except for the transportation and technical infrastructure areas, all other land is subject to land use fees with a 50-year usage period. Transferees of land use rights or apartment owners within the project are entitled to stable, long-term use.
As the investor, Hai Duong Porcelain is responsible for using the land in accordance with the approved purposes, planning, construction design, and project. They must fulfill their obligations as land users under the Land Law and related regulations concerning land management, environmental protection, construction, and investment. Non-compliance will result in penalties as prescribed by law.
Detailed Construction Plan Map of the Project
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The residential area investment project, located in the central area of Le Thanh Nghi Ward, was approved by the Provincial People’s Committee in March 2025, covering a total area of over 8.1 hectares. The total investment for the project is nearly 2.8 trillion VND.
The planned products include 228 adjacent houses (5 and 6 stories), 15 commercial adjacent houses (5 stories), 3 mixed-use high-rise apartment blocks (19, 21, and 23 stories), and a 15-story social housing building.
The project is expected to be completed within 36 months from the land handover date, with a 50-year operational period.
In late June 2025, the Hai Duong Provincial People’s Committee (now part of Hai Phong City) organized an auction with a starting price of over 2.271 trillion VND. The site was formerly home to the Hai Duong Porcelain Factory, one of Vietnam’s earliest industrial plants.
Two companies participated in the auction: LEGA Trading and Investment LLC and Hai Duong Porcelain Real Estate Investment JSC. Hai Duong Porcelain won the bid with an offer exceeding 2.292 trillion VND, 21 billion VND higher than the starting price.
Established in early January 2025 with a charter capital of 600 billion VND, Hai Duong Porcelain increased its capital twice in May (one month before the auction), raising its charter capital to 1.366 trillion VND.
In addition to the capital increase, the company’s leadership changed, with Mr. Vuong Anh Tuan (born in 1958) replaced by Mr. Lai Ha Quang Huy (born in 1990) as CEO and legal representative.
Mr. Tuan previously served as Vice Chairman of the Board of Directors of Construction JSC 1369 (HNX: C69) from April 2019 to March 15, 2022.
Ha Le
– 14:52 04/12/2025
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