Viglacera Leads bong da truc tuyen keo nha cai Consortium Investing in bong da truc tuyen keo nha cai Tien Duong 1 Social Housing Project in Hanoi
Hanoi – Today, September 24, 2025, bong da truc tuyen keo nha cai People’s Committee of Hanoi issued Decision No. 4851/QD-UBND, officially approving bong da truc tuyen keo nha cai investor consortium to implement bong da truc tuyen keo nha cai construction of bong da truc tuyen keo nha cai Tien Duong 1 Social Housing Project, in Phuc Thinh Commune, Hanoi City, under bong da truc tuyen keo nha cai form of a bidding process to select an investor for a land-use project.
Previously, bong da truc tuyen keo nha cai 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 bong da truc tuyen keo nha cai Hanoi People’s Committee. On June 26, 2025, bong da truc tuyen keo nha cai Committee further approved bong da truc tuyen keo nha cai results of bong da truc tuyen keo nha cai call for interest in bong da truc tuyen keo nha cai 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. bong da truc tuyen keo nha cai estimated compensation cost is VND 616.996 billion.
bong da truc tuyen keo nha cai approved investor consortium includes: Viglacera Corporation – JSC, Hoang Thanh Infrastructure Investment and Development Joint Stock Company, and Central Construction Joint Stock Company.
bong da truc tuyen keo nha cai total contributed capital of these three investors is VND 1,500 billion. Of this, Viglacera contributes bong da truc tuyen keo nha cai largest share at 55% (VND 825 billion), Hoang Thanh contributes 30% (VND 450 billion), and Central contributes 15% (VND 225 billion). Thus, bong da truc tuyen keo nha cai investors’ contributed capital: VND 1,500 billion (accounting for 16.1% of bong da truc tuyen keo nha cai project’s estimated investment). Mobilized capital: VND 7,807.422 billion (accounting for 83.9% of bong da truc tuyen keo nha cai project’s estimated investment).
bong da truc tuyen keo nha cai project will be implemented from 2024 to 2030. bong da truc tuyen keo nha cai operation period is 50 years, counted from bong da truc tuyen keo nha cai date bong da truc tuyen keo nha cai investor receives bong da truc tuyen keo nha cai land allocation decision, land lease decision, or land-use conversion decision.
bong da truc tuyen keo nha cai Hanoi People’s Committee requires bong da truc tuyen keo nha cai investor consortium to comply with bong da truc tuyen keo nha cai Housing Law and related legal regulations; ensure financial capacity; and complete all planning, land, and construction procedures before implementation. bong da truc tuyen keo nha cai city’s competent authorities are assigned to support and closely monitor bong da truc tuyen keo nha cai execution of this project in accordance with current laws…
According to bong da truc tuyen keo nha cai decision approving bong da truc tuyen keo nha cai investment policy, bong da truc tuyen keo nha cai project land area covers nearly 44.6 hectares. bong da truc tuyen keo nha cai 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.
