T&T Group Unveils $1.2 Billion Urban Development Project in Emerging Centrally-Governed City

Introducing the groundbreaking Ngòi Con Tên New Urban Area and Regional Healthcare-Sports Complex project, located in the communes of Chi Lăng and Tân Chi. Spanning approximately 355 hectares, this ambitious development includes the Zone 1 sub-district and is projected to require a total investment of nearly 32 trillion VND.

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The Bac Ninh Provincial People’s Committee has issued a document to the Departments of Finance, Construction, Agriculture and Environment, as well as the People’s Committees of Tan Chi and Chi Lang communes. The document was also sent to T&T Group Joint Stock Company regarding the proposal for the Ngòi Con Tên New Urban Area and Regional Healthcare-Sports Complex, Sub-zone No. 1, covering approximately 355 hectares in Chi Lang and Tan Chi communes.

Accordingly, the Chairman of the Bac Ninh Provincial People’s Committee has tasked the Department of Finance with coordinating relevant agencies to review T&T Group’s proposal, guide the company in implementation, and provide counsel to ensure compliance with legal regulations.

Previously, in mid-September, the Bac Ninh Provincial People’s Committee conducted an appraisal and considered approving the investment policy for the Ngòi Con Tên New Urban Area and Regional Healthcare-Sports Complex, Sub-zone No. 2. The province submitted the investment policy proposal and requested the Ministry of National Defense and the Ministry of Public Security to provide appraisal opinions on matters related to national defense and security, as required.

The project, located in Chi Lang and Tan Chi communes, has an estimated total investment of nearly VND 31,642 billion (approximately USD 1.2 billion) and covers a total land area of about 712 hectares.

The goal is to develop a new urban area featuring diverse housing, accommodation, commercial services, healthcare, sports, high-tech agriculture, and experiential tourism.

Planned components include a 40,000-seat central stadium, high-rise and low-rise residential areas, cultural, healthcare, educational, and commercial facilities, parking lots, and tourism infrastructure. Real estate products will be sold, leased, or lease-purchased to domestic and international organizations and individuals.

The project is scheduled for completion over 10 years, divided into two phases. T&T Group Joint Stock Company, led by Chairman Bầu Hiển, is the project proposer.

In February 2025, during a meeting with the Bac Ninh Provincial People’s Committee, T&T Group expressed interest in investing in three major projects in the province. The provincial authorities suggested a comprehensive approach to developing the Ngòi Con Tên Healthcare-Sports-Urban-Service Complex, aiming to create a world-class sports urban area comparable to a centrally governed city.

During a meeting with Minister of Construction Trần Hồng Minh and the Ministry’s delegation on September 12, Vương Quốc Tuấn, Chairman of the Bac Ninh Provincial People’s Committee, affirmed that Bac Ninh aims to become a centrally governed city by 2028 at the latest.

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