Viglacera Leads xem keo bong da hom nay Consortium Investing in xem keo bong da hom nay Tien Duong 1 Social Housing Project in Hanoi
Hanoi – Today, September 24, 2025, xem keo bong da hom nay People’s Committee of Hanoi issued Decision No. 4851/QD-UBND, officially approving xem keo bong da hom nay investor consortium to implement xem keo bong da hom nay construction of xem keo bong da hom nay Tien Duong 1 Social Housing Project, in Phuc Thinh Commune, Hanoi City, under xem keo bong da hom nay form of a bidding process to select an investor for a land-use project.
Previously, xem keo bong da hom nay Tien Duong 1 Social Housing Project in Tien Duong Commune, Dong Anh District, Hanoi City (now Phuc Thinh Commune, Hanoi City) had already been approved in principle under Decision No. 618/QD-UBND, issued on December 24, 2024 by xem keo bong da hom nay Hanoi People’s Committee. On June 26, 2025, xem keo bong da hom nay Committee further approved xem keo bong da hom nay results of xem keo bong da hom nay call for interest in xem keo bong da hom nay Tien Duong 1 Social Housing Project in Decision No. 3189/QD-UBND.
These are important legal steps to implement a large-scale project with a total estimated investment of VND 8,690.426 billion, excluding compensation, support, and resettlement costs. xem keo bong da hom nay estimated compensation cost is VND 616.996 billion.
xem keo bong da hom nay approved investor consortium includes: Viglacera Corporation – JSC, Hoang Thanh Infrastructure Investment and Development Joint Stock Company, and Central Construction Joint Stock Company.
xem keo bong da hom nay total contributed capital of these three investors is VND 1,500 billion. Of this, Viglacera contributes xem keo bong da hom nay largest share at 55% (VND 825 billion), Hoang Thanh contributes 30% (VND 450 billion), and Central contributes 15% (VND 225 billion). Thus, xem keo bong da hom nay investors’ contributed capital: VND 1,500 billion (accounting for 16.1% of xem keo bong da hom nay project’s estimated investment). Mobilized capital: VND 7,807.422 billion (accounting for 83.9% of xem keo bong da hom nay project’s estimated investment).
xem keo bong da hom nay project will be implemented from 2024 to 2030. xem keo bong da hom nay operation period is 50 years, counted from xem keo bong da hom nay date xem keo bong da hom nay investor receives xem keo bong da hom nay land allocation decision, land lease decision, or land-use conversion decision.
xem keo bong da hom nay Hanoi People’s Committee requires xem keo bong da hom nay investor consortium to comply with xem keo bong da hom nay Housing Law and related legal regulations; ensure financial capacity; and complete all planning, land, and construction procedures before implementation. xem keo bong da hom nay city’s competent authorities are assigned to support and closely monitor xem keo bong da hom nay execution of this project in accordance with current laws…
According to xem keo bong da hom nay decision approving xem keo bong da hom nay investment policy, xem keo bong da hom nay project land area covers nearly 44.6 hectares. xem keo bong da hom nay projected population scale is about 12,465 people. This project will provide approximately 3,530 apartments (including 3,103 social housing units, 427 commercial apartment units) and 99 low-rise adjacent houses.
