In December 2025, the People’s Committee of Thai Nguyen Province approved the selection of Suncorp Holdings Co., Ltd. as the investor for the Thanh Cong Urban Area Project (Zone 4). This significant development marks a pivotal step in the region’s urban planning and infrastructure enhancement.
Spanning over 37.7 hectares in Thanh Cong Commune, the project is designed to accommodate approximately 3,900 residents. With a projected investment of nearly 1.25 trillion VND, the initiative is slated for completion by Q3 2030. The primary objectives include the synchronized development of technical and social infrastructure, optimized land utilization, and the provision of housing solutions to meet local demand. Additionally, the project aims to stimulate socioeconomic growth in the area.
Established in September 2020 and headquartered in Hanoi, Suncorp Holdings initially operated with a charter capital of 10 billion VND under the leadership of Mr. Ho Thanh Nga. In November of the same year, management was transferred to Mr. Pham Minh Quyet. By March 2023, the company increased its capital to 230 billion VND. Subsequently, in mid-2024, Suncorp Holdings streamlined its business portfolio from 25 to 16 sectors, pivoting its focus from retailing electronics and furniture to real estate development. Concurrently, the company relocated its headquarters to Thai Nguyen.
In January 2025, Suncorp Holdings transitioned to a joint-stock company structure, maintaining its capital while adjusting its shareholder composition. The current equity distribution includes Danco Investment JSC (58.835%), Daco Investment Co., Ltd. (27.443%), and Mr. Pham Minh Quyet (13.722%). Both Danco and Daco share a registered address on Tran Khat Chan Street, Hanoi.
Beyond Suncorp Holdings, Mr. Pham Minh Quyet serves as the legal representative for several entities, including Danco Investment JSC, Danco Holdings JSC (where he also holds the chairmanship), Danco Power JSC, and Danco Land JSC. Danco Holdings specializes in real estate, hospitality, tourism, industrial development, and renewable energy.
 Mr. Pham Minh Quyet – Chairman of Danco Holdings. Source: Danco Holdings
|
– 07:00 08/01/2026
Viglacera Approved for $235 Million Industrial Park Investment in Thai Nguyen
With a total investment capital exceeding 5.399 trillion VND, investor contributions account for over 809.9 billion VND, representing 15% of the overall investment.
Up Close: The $9.5 Million ‘Dead-End’ Road Connecting to Rice Fields in Thai Nguyen
The 220 billion VND road connecting National Highway 37 to Provincial Road 269B was envisioned as a catalyst for development in southern Thai Nguyen province. However, its potential remains untapped as it currently functions as a dead-end road due to a lack of connecting infrastructure.
Kinh Bac City Breaks Ground on 675-Hectare Phu Binh Industrial Park in Thai Nguyen
Phú Bình Industrial Park is strategically designed to emerge as the premier manufacturing and logistics hub for the northern midlands and mountainous regions.
Chairman of Thai Nguyen Directs Resolution of Land Purchase Case Pending Since 2021
Customers have paid 95% of the contract value for land purchases at Urban Area Project No. 11 (Gia Sàng Ward), developed by Kosy Joint Stock Company since 2021. However, to date, they have neither received land handover nor been issued land use right certificates.
Government Inspectorate Hands Over Quang Son Cement Plant’s Multi-Trillion Dong Loss Case to Ministry of Public Security
Government inspectors have transferred the case file related to the Quang Son Cement Plant project to investigative authorities for further examination.
