The Mystery Investor Behind the 7,000 Billion VND Hung Yen Township Project

American Hao Real Estate Development JSC is the sole investor in the Sen Ho Urban Area project, located in My Hao town, Hung Yen province. With a total investment of VND 6,956 billion, the company is committed to transforming this project into a thriving urban oasis.

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The Hung Yen Department of Planning and Investment has announced the results of the opening of registration packets for the implementation of the Sen Ho Urban Area project. Accordingly, there is only one investor registered to implement the project, which is My Hao Real Estate Development Joint Stock Company.

My Hao Real Estate Development Joint Stock Company is a newly established enterprise in July 2024, with its business address registered in Hung Yen city, Hung Yen province, with the main business line of real estate business. The legal representative is Ms. Vu Thi Nga (born in 1986 – Thai Binh).

The company has a charter capital of VND 1,100 billion, contributed by 3 shareholders: Vinh Thien Danang Co., Ltd. contributing VND 1,045 billion, holding 95%; Mr. Vo Cong Linh contributed 33 billion VND, holding 3%, and Vu Thi Nga contributed 22 billion VND, holding 2%.

Sen Ho Urban Area project – a modern and eco-friendly development

According to our information, Vinh Thien Danang Co., Ltd. is known as the investor of several prominent projects, including the Urban Service, Trading and Residential Area project in Ward 1, Sa Dec city, Dong Thap province, and the Complex of Commercial Housing Services in the center of Long Xuyen city.

Vinh Thien Danang Company is headquartered in Tran Hung Dao, An Hai Tay ward, Son Tra district, Da Nang city. As of February 24, 2024, the company had a charter capital of VND 2,500 billion, consisting of 3 members: Mr. Pham Xuan Thuy (64.44%), Thai Son – Long An Joint Stock Company (27.76%), and Can Giuoc Real Estate Investment Company Limited (7.8%). Ms. Pham Xuan Thuy (born in 1985) is the General Director and legal representative of the company.

In recent years, Vinh Thien Danang Company has continuously expanded its land fund and registered for large and small projects nationwide.

The Sen Ho Urban Area project has a total investment of VND 6,956 billion, with a land area of 62.6 hectares in Nhan Hoa ward, My Hao town, Hung Yen province, and an expected population of 12,000 people. The current status of the land has not been cleared.

The investment scale includes constructing and completing the exterior for detached houses and villas; building and completing mixed-use apartment buildings, social housing, and conducting business in accordance with regulations (including approximately 1,173 detached houses, 254 villas, 3 mixed-use apartment buildings with about 1,175 apartments, and 952 social housing units); as well as commercial and service facilities.

The project has a duration of 50 years from the date the investor is granted the investment approval document. The investment progress is expected to take 84 months (7 years) from the date of approval.

On July 15, 2020, the People’s Committee of Hung Yen province issued Decision No. 1576/QD-UBND approving the 1/2000 construction planning subdivision of the Sen Ho high-class urban area and the Sen Ho high-class urban area 2 in Nhan Hoa ward, My Hao town. The planning was established by T&T Technology and Urban Development Company Limited.

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