Phat Dat's $94 mln residential project in Binh Dinh province granted phase 3 land
Binh Dinh province authorities have issued a decision to allocate nearly 15.8 hectares of land for phase 3 of the Bac Ha Thanh Residential project, developed by Phat Dat Real Estate Development Corporation.
Computer-generated imagery (CGI) of the Bac Ha Thanh Residential Area project in Binh Dinh province, central Vietnam.
According to Decision No. 2889/QĐ-UBND issued by the provincial People's Committee on Tuesday, 157,741.29 square meters of land will be allocated to Phat Dat, listed on the Ho Chi Minh Stock Exchange as PDR.
The area spans 29 plots (map sheet No. 16), 127 plots (map sheet No. 24), one plot (map sheet No. 54), and one plot (map sheet No. 58) in Phuoc Thuan Commune, Tuy Phuoc district. It is intended for the development of the Bac Ha Thanh Residential Area combined with urban gentrification.
Previously, the project had received land for phase 1 on September 15, 2023, and phase 2 on June 27, 2024.
The Bac Ha Thanh Residential Area includes townhouses, land lots, shophouses, among others, with total investment of approximately VND2,343 billion ($93.54 million).
As of August 16, 2024, the earthworks and land leveling for phase 1 had been over 95% completed. Nineteen out of 20 roads and the phase 1 subdivided areas were finished, while land leveling is underway for the phase 2 subdivided areas and resettlement areas.
Contractors are working swiftly to complete technical infrastructure, laying stone bases on several roads, driving piles, constructing retaining walls, and planting trees.
Shophouse section construction. Photo courtesy of Phat Dat.
Concrete foundations have been completed for 64 shophouses out of 92 units. The number of shophouses that have had their first, second and third floors, and roof slabs completed are 57, 49, 37 and 22 units, respectively.
This modern urban area is expected to significantly transform the local urban landscape and generate strong cash flows for Phat Dat Corporation in 2024.
- Read More
Vingroup’s VinDynamics partners Schaeffler to develop humanoid robot components
VinDynamics, a tech arm of Vietnam’s conglomerate Vingroup (HoSE: VIC), has signed an MoU with Germany’s motion technology firm Schaeffler to jointly develop key components for humanoid robots.
Companies - Wed, April 22, 2026 | 4:23 pm GMT+7
Vietnam’s top dairy producer Vinamilk targets modest growth as weak dairy demand persists
Vinamilk (HoSE: VNM) set cautious growth targets for 2026, as it navigates weak consumer demand and rising input costs despite a strong start to the year.
Companies - Wed, April 22, 2026 | 4:09 pm GMT+7
Vietnam targets over 6,500 km of expressways by 2030: minister
Vietnam aims to complete 6,539 kilometers of expressways by 2030, nearly doubling the current network of about 3,345 km already in operation, Minister of Construction Tran Hong Minh said.
Infrastructure - Wed, April 22, 2026 | 3:28 pm GMT+7
Labeling real estate as ‘high-risk’ inappropriate: association head
Vietnam’s long-standing classification of real estate as a high-risk sector in credit policy is improper and may be distorting the market, according to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association (HoREA).
Real Estate - Wed, April 22, 2026 | 3:18 pm GMT+7
Foreign outflows in Vietnam’s stock market to ease from mid-2026: brokerage CEO
Net foreign selling on Vietnam’s stock market is expected to ease and potentially reverse from mid-2026 as macro conditions stabilize and prospects for a market status upgrade become clearer, CEO of An Binh Securities (ABS) said.
Finance - Wed, April 22, 2026 | 12:34 pm GMT+7
10% crude oil price hike could trim Vietnam’s growth by 0.4%: finance minister
A 10% increase in crude oil prices could reduce Vietnam’s economic growth by about 0.4% and push inflation up by around 0.5%, Minister of Finance Ngo Van Tuan said on Tuesday.
Economy - Wed, April 22, 2026 | 11:45 am GMT+7
Vincom Retail reverses course, proposes cash dividend ahead of AGM
Vincom Retail, a subsidiary of Vingroup, has proposed a cash dividend for 2026, reversing an earlier plan to retain earnings, as the company prepares for its annual general meeting on Thursday.
Companies - Wed, April 22, 2026 | 8:17 am GMT+7
VinFast overtakes Tesla as Q1 best-selling battery electric vehicle brands in Philippines
VinFast, the EV subsidiary of Vietnam’s conglomerate Vingroup, has surpassed Tesla to be the best-selling battery electric vehicle (BEV) brand in the Phillipines in the first quarter of 2026.
Companies - Tue, April 21, 2026 | 9:05 pm GMT+7
Usilk City urban area project case in Hanoi referred to police for investigation over alleged violations
Vietnam's Government Inspectorate has decided to refer the case related to the expanded Van Khe urban area project (Usilk City) to the Ministry of Public Security for investigation and handling in accordance with the law, after identifying a number of wrongdoings.
Real Estate - Tue, April 21, 2026 | 5:12 pm GMT+7
ACV proposes shifting most international flights from Tan Son Nhat to Long Thanh by 2027
Airports Corporation of Vietnam (ACV) has proposed shifting the bulk of international flights from Tan Son Nhat International Airport in Ho Chi Minh City to the Long Thanh International Airport in neighboring Dong Nai province under a phased plan that could see more than 90% of international passenger traffic handled by the new airport as early as 2027.
Economy - Tue, April 21, 2026 | 5:03 pm GMT+7
Tasco chairman outlines growth plan as shareholders lament losses
Shareholders of Tasco JSC voiced concerns at the firm’s annual general meeting on Monday after "holding HUT shares for three years without breaking even", prompting chairman Vu Dinh Do to outline key priorities for the company’s next phase of growth.
Companies - Tue, April 21, 2026 | 3:22 pm GMT+7
More than a marathon: How Carlsberg Vietnam runs together to build a stronger growth culture
For the fifth consecutive year, Carlsberg Vietnam, together with its iconic Huda brand, returned as one of the main sponsors of VnExpress Marathon Hue 2026. But for the company, this was never simply about sponsoring a race. It was about something far bigger: how culture, leadership, and shared purpose create the foundation for sustainable growth.
Companies - Tue, April 21, 2026 | 12:17 pm GMT+7
AnPro drives An Phat Holdings’ expansion into interior materials
An Phat Holdings is expanding beyond engineering plastics into high-tech interior materials through its AnPro brand, as part of a broader strategy to move up the value chain.
Companies - Tue, April 21, 2026 | 12:14 pm GMT+7
Vingroup, Vinhomes lift 2026 profit targets, sending shares higher
Vietnamese conglomerate Vingroup (HoSE: VIC) and its subsidiary Vinhomes (HoSE: VHM) said they will seek shareholder approval to raise their 2026 revenue and profit targets at the upcoming AGM.
Companies - Tue, April 21, 2026 | 11:18 am GMT+7
Foxconn pours additional $58.3 mln into northern Vietnam unit
Taiwan’s Hon Hai Precision (Foxconn), a key electronics supplier to Apple, said it will invest an additional $58.32 million in its Vietnamese subsidiary, Fushan Technology (Vietnam), according to a filing to the Taiwan Stock Exchange.
Investing - Tue, April 21, 2026 | 11:03 am GMT+7
Consortium proposes three wastewater plant projects in HCMC
A consortium comprising three Vietnamese companies - Petrosetco, Gelex Infrastructure and Viconship - has proposed three major wastewater treatment projects in Ho Chi Minh City, highlighting growing private-sector interest in environmental infrastructure.
Industries - Tue, April 21, 2026 | 8:00 am GMT+7
