The consortium of Van Phu Investment and Development Joint Stock Company (Van Phu Invest) – MIK Group Joint Stock Company (MIK Group) Vietnam, and Dai Quang Minh Real Estate Investment Joint Stock Company (Dai Quang Minh) recently submitted a proposal to the Hanoi People’s Committee and relevant agencies for the investment in the Hong River Landscape Avenue project in Hanoi. This is a major infrastructure and urban development project in the northern part of Hanoi.
In the proposal, many in the business community were surprised to see that the document was signed by Mr. Tran Dang Khoa in his capacity as Chairman of the Board of Directors of Dai Quang Minh Real Estate Investment Joint Stock Company. This position was previously held by Mr. Tran Ba Duong, Chairman of Thaco Group.
Born in 1970, Mr. Tran Dang Khoa is a relatively low-profile tycoon, known by the nickname “Khoa Khan.” Among Hanoi investors, he is also referred to as “Khoa Keangnam,” recalling his collaboration with Keangnam Vina, the developer of the Landmark Keangnam tower.
After more than a decade out of the spotlight, his sudden reappearance at Dai Quang Minh as Chairman of the Board has stirred significant interest among investors.
Sala Dai Quang Minh Urban Area Project
Meanwhile, Dai Quang Minh has been a leading real estate, infrastructure, and industrial zone developer in the market for over a decade. The company is one of the key investors in the Thu Thiem New Urban Area in Ho Chi Minh City, with its flagship project being the Sala Urban Area.
Recently, the Ho Chi Minh City real estate community was abuzz with the news that Phat Dat had approved the acquisition of all shares held by Dai Quang Minh Real Estate Investment Joint Stock Company in AKYN Commercial and Service Investment Joint Stock Company, the developer of a commercial housing project on a 3,500 m² plot at 239 Cach Mang Thang 8 Street (Ward Ban Co, Ho Chi Minh City).
The project is planned as a mixed-use development featuring residential apartments, a commercial center, services, and offices, with a total investment of approximately VND 5,500 billion.
Breaking News: Vietnam’s Largest Urban Development Project Set to Begin in Just 10 Days – 10,000-Hectare Mega City Near North-South High-Speed Railway
Prime Minister Pham Minh Chinh has urged Hanoi to accelerate efforts to commence construction on the Olympic Sports City by December 19, 2025. This ambitious project aims to set the stage, build momentum, and inspire a new era of development and progress.
Phat Dat Acquires 239 Cach Mang Thang 8 Project from Dai Quang Minh for 5.5 Trillion VND Apartment Complex
On November 17th, Phat Dat Real Estate Development Corporation (HOSE: PDR) announced an extraordinary disclosure regarding the acquisition of all shares held by Dai Quang Minh Real Estate Investment Corporation in AKYN Commercial Investment Service Corporation.
The Red River Mega Avenue: A $13 Billion Project Set to Break Ground in December 2025
Prime Minister Pham Minh Chinh has urged Hanoi to accelerate efforts to commence the Hong River Scenic Boulevard Axis and the Olympic Sports City Urban Area projects by December 19, 2025. This initiative aims to generate momentum, drive, and enthusiasm as the nation steps into a new era.
Proposed Road Construction Through the Forest: Connecting Dong Xoai and Ho Chi Minh City’s Ring Road 4
The route commencing from Dong Xoai, traversing Provincial Road 753, and the Ma Da Bridge, including the 13km-long viaduct leading to Ho Chi Minh City’s Ring Road 4, offers a seamless connection.
“The Grand Vision: Connecting Dong Xoai to the Metropolitan Area with a $22.6 Billion Highway Project”
The proposed connection line from Dong Xoai to Ho Chi Minh City’s Ring Road 4 by Dai Quang Minh is expected to bring about a significant infrastructure breakthrough and shorten the distance by approximately 13 kilometers. The initial estimated investment for the first phase of the project is over VND 22.6 trillion.
