According to Decision 2616/QD-UBND, the city allocated land to Danang – Central Investment Joint Stock Company (CTCP Đầu tư Đà Nẵng – Miền Trung) for the implementation of the Nam Bau Mac residential area project, covering an area of 23,696 square meters in Lien Chieu ward.
Of this, 14,147 square meters of land are allocated with land use fees. The purpose of land use is urban residential land, with a long-term usage period.
For the remaining 9,548 square meters, the city allocated land without land use fees, designated for green spaces, transportation, and technical canals. The land allocation was conducted through a bidding process to select investors for the project.
Rendering of the Nam Bau Mac Residential Area Project
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On its website, Danang – Central Investment Joint Stock Company states that it was established on July 4, 2007, in Danang. Mr. Tran Quoc The serves as the CEO and legal representative, with a chartered capital of 265 billion VND.
The company operates in the real estate sector, with various projects including Phuoc Ly Urban Area, Yen The Bac Son Urban Area, Quang Thanh 3B Residential Area, Bau Mac Residential Area, Nam Bau Mac Residential Area, Thanh Vinh Expanded Industrial Cluster, and Phong Nam Urban Area.
Danang – Central Investment was once a major shareholder, holding over 9.7 million shares (33.65%) in Vinh Long Water Supply Joint Stock Company (UPCoM: VLW). The company divested its entire stake in April 2023.
Currently, Danang – Central Investment holds a 35% stake in Danang Water Supply Joint Stock Company (UPCoM: DNN).
Danang – Central Investment fined for delayed transaction disclosure
– 4:52 PM, November 21, 2025
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