Bac Ninh construction firm-led consortiums bag 2 southern Vietnam mega urban projects
Two consortiums led by Bac Ninh-based Thanh Loi Construction Investment and Trading Co., Ltd have met preliminary requirements to implement two urban development projects worth VND14.2 trillion ($577 million) in Dong Nai province, a manufacturing hub in southern Vietnam.
A corner of Nhon Trach district, Dong Nai province, southern Vietnam. Photo courtesy of the provincial portal.
The two projects are the Dai Phuoc River Tourism Urban Area; and the Phong Phu Riverside Tourism Urban Area, both located in Dai Phuoc commune, Nhon Trach district.
According to the provincial Department of Planning and Investment, the consortium comprising Phong Phu Investment JSC, Thanh Loi Construction Investment and Trading Co., Ltd, HB Grand Land JSC, and An Phu Real Estate Investment and Trading JSC is the only one to apply for the Phong Phu Riverside project.
This project, spanning approximately 75.47 hectares, has a total investment of nearly VND7.78 trillion ($316.2 million), including VND7.07 trillion for technical infrastructure and over VND710 billion for compensation and land clearance
Meanwhile, a consortium comprising Ha Phu Riverland Investment JSC, Thanh Loi Construction Investment and Trading Co., Ltd, HB Grand Land JSC, and G7-Invest JSC was the sole applicant for the Dai Phuoc River Tourism Urban Area project.
This project, covering nearly 50 hectares, has a total investment of approximately VND6.42 trillion ($260.92 million) - over VND5.94 trillion for technical infrastructure and VND472 billion for compensation and resettlement support.
Both projects are expected to be completed within six years from the time the investors are selected, recognized and assigned to implement them.
The Dong Nai People's Committee granted in-principle approvals for both projects in January 2024.
Later the same month, the provincial Department of Planning and Investment issued an invitation to domestic and international investors to participate in the projects. After two deadline extensions, no additional bidders have registered for them, leaving the two consortiums led by Thanh Loi as the only qualified candidates.
Established in 2006 and headquartered in Bac Ninh town in the eponymous northern province, Thanh Loi Construction Investment and Trading Co., Ltd primarily operates in road construction.
In December 2021, it had a charter capital of VND1.98 trillion ($80.5 million), with two founding shareholders, CEO and legal representative Nguyen Dinh Loi and Nguyen Thi Ha holding 60% and 40% stakes, respectively.
Real estate developer Phong Phu Investment JSC, established in 2019, has its headquarters in Thu Duc city, Ho Chi Minh City. Its CEO and legal representative is Nguyen Hong Phong.
In April 2022, the company had a charter capital of VND625 billion ($25.4 million) with three shareholders: Thanh Loi (40%), Van Phu Invest (30%), and Kamala World Nhon Trach Company Limited (30%).
Another real estate firm, Ha Phu Riverland Investment JSC, established in 2021, is located in Bien Hoa town, Dong Nai province. Its CEO and legal representative is Mai Xuan Vinh.
In December 2023, the company had a charter capital of VND300 billion ($12.2 million) with three shareholders: Thanh Loi (40%), Van Phu Invest (30%), and Kamala World Nhon Trach (30%).
HB Grand Land JSC, founded in 2019 and headquartered in Hanoi’s Cau Giay district, had a charter capital of VND950 billion ($38.6 million) in May 2021. Its CEO and legal representative is Nguyen The Hung.
An Phu Real Estate Investment and Trading JSC, established in 2017, focuses on consulting, brokering and bidding for real estate projects. It is headquartered in Hanoi’s Ha Dong district. In January 2024, An Phu had a charter capital of VND180 billion ($7.32 million), with Nguyen Thi Nhu Hoa as its CEO and legal representative.
Real estate developer G7-Invest JSC, established in 2015, is located in Hanoi’s Thanh Xuan district. Its chairwoman and legal representative is Tran Thu Thuy. In May 2021, G7-Invest had a charter capital of VND230 billion ($9.35 million).
Dong Nai, home to the under-construction Long Thanh International Airport, is a manufacturing hub in central Vietnam, together with Ho Chi Minh City, Binh Duong and Long An.
- Read More
Coteccons dismisses concerns over executive departure, competition from Vingroup's arm
Vietnam's leading contractor Coteccons (HoSE: CTD) said a recent change in senior management was unrelated to the company's share price performance, as executives highlighted record order backlog and accelerating earnings growth amid a recovery in Vietnam's construction industry.
Companies - Tue, June 16, 2026 | 5:26 pm GMT+7
VinaCapital lists 2 strategic ETFs as Vietnam fund market broadens
Vietnam’s leading investment management firm VinaCapital has listed two strategic exchange-traded funds (ETFs) on the Ho Chi Minh City Stock Exchange, expanding investment options for investors seeking targeted exposure to Vietnam's long-term economic growth themes.
Finance - Tue, June 16, 2026 | 4:39 pm GMT+7
Oil & gas industry gives Vietnam edge in offshore wind supply chain: Global Wind Energy Council CEO
Vietnam is well positioned to play a significant role in the offshore wind power supply chain thanks to its established manufacturing base and expertise developed through its oil & gas industry and existing wind power projects, according to Ben Backwell, CEO of the Global Wind Energy Council (GWEC).
Energy - Tue, June 16, 2026 | 4:31 pm GMT+7
Vietnam banking, retail, oil stocks well placed for market recovery: brokerages
Vietnamese banking, retail and oil-gas stocks are among the sectors best positioned to benefit from a potential market recovery after months of pressure from geopolitical tensions and macroeconomic headwinds, according to local brokerages.
Finance - Tue, June 16, 2026 | 1:04 pm GMT+7
Petrovietnam, Huawei discuss cooperation in digital transformation, AI, energy technologies
State-owned Petrovietnam and China's Huawei Technologies discussed potential cooperation in digital transformation, artificial intelligence and digital energy infrastructure during a meeting last week, as the Vietnamese giant seeks to modernize its operations and expand into new energy sectors.
Companies - Tue, June 16, 2026 | 12:20 pm GMT+7
Over 38% of Vietnamese businesses still face informal costs despite reforms: survey
More than 38% of businesses in Vietnam still pay informal charges, highlighting persistent gaps between regulatory reforms and their implementation, according to a survey by the Vietnam Chamber of Commerce and Industry (VCCI).
Economy - Tue, June 16, 2026 | 11:26 am GMT+7
China ready to expand railway, power connectivity with Vietnam: PM
China is prepared to strengthen railway cooperation and enhance power grid connectivity with Vietnam, thereby expanding logistics corridors, trade links, and energy cooperation, said Chinese Premier Li Qiang during a phone talk with his Vietnamese counterpart Le Minh Hung on Monday.
Economy - Tue, June 16, 2026 | 8:52 am GMT+7
VN-Index approaches 1,800-point mark as easing Middle East tensions lift sentiment
Vietnam's benchmark VN-Index edged closer to the 1,800-point threshold on Monday as improving sentiment over easing tensions in the Middle East boosted risk appetite, driving gains in brokerage stocks while oil and Vingroup-related stocks weighed on the market.
Finance - Mon, June 15, 2026 | 8:34 pm GMT+7
Japanese products dominate Vietnamese consumer trust, but younger shoppers rewriting rules
Japanese products continue to enjoy the highest level of trust among Vietnamese consumers, reinforcing the country’s position as the benchmark for quality and reliability in one of Southeast Asia’s fastest-growing consumer markets, according to a new survey by market research firm Q&Me.
Economy - Mon, June 15, 2026 | 6:48 pm GMT+7
VinEnergo ramps up renewable energy push with 4 new subsidiaries
VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.
Companies - Mon, June 15, 2026 | 4:52 pm GMT+7
Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam
Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.
Industries - Mon, June 15, 2026 | 4:01 pm GMT+7
UOB Vietnam appoints Pham Hong Hai as deputy country CEO
Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.
Banking - Mon, June 15, 2026 | 2:26 pm GMT+7
Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation
Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.
Banking - Mon, June 15, 2026 | 12:03 pm GMT+7
FDI listings a missing piece in Vietnam's stock market development
As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.
Finance - Mon, June 15, 2026 | 11:14 am GMT+7
Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam
Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.
Industries - Mon, June 15, 2026 | 8:00 am GMT+7
Long Thanh airport project faces shortage of 2,000 workers
The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.
Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7
