According to the Environmental Impact Assessment (EIA) report, the Duc Lap Residential Area project (formerly known as the My Hanh Bac Residential Area project in Duc Hoa District, Long An Province) is set to be developed in Duc Lap Commune, Tay Ninh Province. The project site is bordered by the T2 canal and the adjacent Xuyen A Industrial Park to the east, vacant land to-the-west, Provincial Road 823B to the south, and a boundary canal to the north.
Spanning nearly 215 hectares, the project is expected to accommodate over 30,000 residents. The master plan includes approximately 1,500 semi-detached houses, constructed on nearly 16 hectares of land, each standing 4 stories tall with a total floor area of approximately 60 hectares. Additionally, the remaining 5,200 adjacent land plots will be transferred by the developer for residents to build their own homes according to regulations.
The total investment for the project exceeds 11.2 trillion VND, with project implementation costs estimated at over 7 trillion VND and compensation, support, and resettlement costs nearing 4.2 trillion VND.
Regarding capital structure, the investor’s equity amounts to nearly 1.7 trillion VND, with the remainder sourced from other legal channels. Truong Son Real Estate JSC contributes 85% of the capital, equivalent to over 1.4 trillion VND, while Him Lam JSC provides the remaining 15%, totaling more than 250 billion VND.
The project is scheduled to commence in Q4/2024 and complete by Q4/2030, with a 50-year operational period from the date of investment approval.
The project’s launch coincides with Tay Ninh’s emergence as a new destination for large-scale real estate investment. In recent years, major players such as Vingroup, Sun Group, T&T, and TNG Holding have expanded their presence in the province.
Vingroup initiated its investment in Tay Ninh in 2015 with a commercial and hotel complex valued at approximately 1 trillion VND, meeting international standards, before launching a 5-star hotel complex in 2018.
Most recently, a joint venture between Thai Son Construction Investment JSC and Dai An Construction Investment JSC—both subsidiaries of Vinhomes (VHM)—announced the Environmental Impact Assessment (EIA) report for the Tan My New Urban Area project. Covering over 930 hectares, the project’s total investment is nearly 75 trillion VND.
Sun Group has also established its presence in Tay Ninh with the Sun World Ba Den Mountain tourism complex, with Phase 1 investment exceeding 2 trillion VND. Notably, the group launched the world’s largest cable car station at the Ba Den Mountain tourist site in January 2020.
Additionally, several residential and urban projects in the province have garnered significant market interest, including the Northern Ben Luc – Cho Dem Urban Residential Area by DB Investment and Development LLC (a founding and major shareholder of Ecopark), Rang Dong Residential Area (Tay Ninh City), Mai Anh Commercial District (Trang Bang), and Phuoc Dong and Suoi Cau Duc Residential Areas (Go Dau).
In 2025 alone, Tay Ninh approved and commenced numerous large-scale projects, such as the 200-hectare Duc Hoa – Hau Nghia New Urban Area with an investment of over 28 trillion VND, and the 267-hectare T&T Millennium Urban Area.
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