Hanoi firm bids for $109 mln housing project in Long An province
Vinh Tuy Investment JSC has applied to develop a residential project in Vietnam's southern province of Long An, with a total investment of roughly VND2,726 billion ($109 million).
According to registration documents recently announced by Long An province's Department of Planning and Investment, Vinh Tuy is the only investor to submit an application for the project.
The project will span 36.2 hectares in Duc Lap Ha commune, Duc Hoa district, and construction is scheduled to complete in December 2028.
It will include 412 social housing units, 1,317 townhouses, and technological infrastructure, serving a population of approximately 6,000.
A corner of Duc Hoa district, Long An province, southern Vietnam. Photo courtesy of Nhan Dan (People) newspaper.
Vinh Tuy Investment JSC was established in 2009, mainly operating in real estate business, and is headquartered in Phuc Dong ward, Long Bien district, Hanoi. Its general director and legal representative is Nghiem Nhat Vu, who was born in 1979 in Hanoi.
As of December 31, 2023, Vinh Tuy's charter capital stood at VND4,800 billion ($193.77 million), founded by shareholders Bui Thi Thanh Huyen (74.8%); Nghiem Nhat Vu (22.2%), and Bac Nam Investment Services JSC (3%).
Vinh Tuy is the investor in the Him Lam Vinh Tuy Residential Area project in Hanoi's Long Bien district. The project exceeds 16 hectares and includes 112 villas.
Long An, located in the Mekong Delta, is one of the three manufacturing hubs in southern Vietnam. The others are Ho Chi Minh City and Dong Nai province.
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