New C3-1 Urban Area Project
The New C3-1 Urban Area Project encompasses over 27 hectares of land, with a total investment of more than VND 4,463 billion (excluding compensation and resettlement support costs of over VND 204 billion). It is expected to accommodate a population of nearly 7,000 people.
The project site is currently predominantly agricultural land used for rice and crop cultivation, irrigation canals, and land managed by the People’s Committee of Dai Ang Commune, with a small portion allocated for residential purposes (excluding the area designated for existing roads and schools).
The project is planned to have a duration of 50 years, commencing from the year 2023 to 2029, in accordance with the investor’s land allocation or lease decision and relevant land law provisions.
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Three investors have expressed interest in the New C3-1 Urban Area Project. The first is a joint venture between Vinaconex Investment One-Member Co., Ltd. and CTCP Venereus (Vinaconex – Venereus Joint Venture). The second is a partnership between Mai Linh Investment JSC and Linh Son Development Investment Co., Ltd. (Mai Linh – Linh Son Joint Venture). The third investor is An Duc Housing Development JSC.
Vinaconex Investment One-Member Co., Ltd. was established in late 2017 with a charter capital of VND 300 billion by Vinaconex, the Vietnam Construction and Import-Export Corporation. In July 2021, the company increased its capital to VND 1,500 billion.
CTCP Venereus, founded in August 2023 in Hanoi, has a charter capital of VND 2,200 billion. Its founding shareholders include Nguyen Xuan Hieu (80%), Vu Ngoc Thai (10%), and Le Manh Son (10%).
Mai Linh Investment JSC, the second investor’s partner, is a well-known company in Hanoi. Established in 2006, they are the investors of the Golden Palace A project, which includes an amusement park, schools, and a complex of residential, commercial, and service buildings in Me Tri and Phu Do wards in Nam Tu Liem District. The Matrix One apartment buildings, developed by MIK Group, are a notable part of this project. Nguyen Dinh Thinh, Thach Tuan Dung, and Hoang Cao Minh Duc are the current legal representatives of the company.
Linh Son Development Investment Co., Ltd. was established in 2015 with a charter capital of VND 450 billion, with Mr. Nguyen Anh Tuan and Mrs. Nguyen Thi Thu Huong as its founding members. In June 2024, the company increased its capital to VND 3,488 billion. Mr. Hoang Cao Minh Duc is the legal representative of the company.
The third investor, An Duc Housing Development JSC, was recently founded in November 2023 in Hanoi with a charter capital of VND 300 billion. Its founding shareholders include Sudico Southern One-Member Co., Ltd. (99.9%), Hoang Minh Khang (0.05%), and Do Manh Tung (0.05%). In August 2024, the company increased its capital to VND 750 billion.
Lien Ninh New Urban Area Project
The Lien Ninh New Urban Area Project has attracted the interest of four investors: Southern Tecco Corporation JSC, Hateco Thang Long JSC, Hung Yen Investment and Development Corporation JSC, and Viet Hung TTC Hanoi JSC.
The Lien Ninh New Urban Area Project spans 30 hectares and entails a total investment of over VND 2,866 billion (excluding compensation and resettlement support costs of over VND 250 billion).
The project site consists mainly of agricultural land belonging to households and individuals, along with inland canals and a cemetery managed by the People’s Committees of Lien Ninh, Ngoc Hoi, and Ngu Hiep communes.
Similar to the previous project, this one is also planned for a duration of 50 years, from 2023 to 2028, in accordance with the investor’s land allocation or lease decision and relevant land law provisions.
Among the four interested investors, Viet Hung TTC Hanoi JSC has the least available information. Established in 2018, the company’s current legal representative is Mr. Tran Dang Dung.
Southern Tecco Corporation JSC, a subsidiary of Tecco Group, was founded on December 25, 2007, with Mr. Bui Van Quyen as its representative. The company’s headquarters are located at 65 Linh Dong, Linh Dong Ward, Thu Duc City, Ho Chi Minh City.
Hateco Thang Long JSC is a member of Hateco Group and was established in 2016, with Mr. Tran Van Ky as its representative. They are known for their project Hateco Laroma, which was the first development undertaken by the company.
Hung Yen Investment and Development Corporation JSC, founded in February 2021 with a charter capital of VND 1,800 billion, is a member of the Kinh Bac Urban Development Corporation. Mr. Dang Thanh Tam currently serves as the company’s director and legal representative. The company is investing in several industrial park projects, including the Kim Dong Industrial Park, the Chinh Nghia Industrial Park, and the Dang Le Industrial Park.
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