Property major MIK launches mixed-use residential, hotel project in northern Vietnam

Vietnamese real estate developer MIK Group has broken ground on a mixed-use residential and commercial complex in Bac Ninh, marking the group’s first entry into the fast-growing industrial province near Hanoi.

The project, known as II-HH11, was officially launched on Saturday in Tan Tien ward. Built on a 5.84-hectare site, the development will feature a combination of residential, commercial, service and hospitality facilities.

The complex will include five towers: a five-star hotel, a serviced apartment tower, and three high-end residential buildings, alongside a cluster of low-rise commercial townhouses, or shophouses.

The project is designed as a multi-functional urban complex aimed at meeting residential, hospitality, retail and service needs within a single integrated space.

A key highlight of the development is the expected participation of global hospitality giant Accor, which is set to manage and operate the hotel under the Novotel brand. The presence of the international operator is expected to enhance accommodation standards in Bac Ninh as the province continues to attract strong foreign direct investment inflows.

A representative of MIK Group said the company sees growing demand for integrated living spaces as Bac Ninh undergoes rapid industrialization and urbanization. Its decision to invest in Bac Ninh reflects a strategy to capitalize on the continued shift of manufacturing investment toward industrial clusters surrounding Hanoi.

In recent years, the province has emerged as one of northern Vietnam’s most dynamic industrial centers, supported by a network of large-scale industrial parks and improving infrastructure.

Pham Le Tri Dung, a representative of Accor in Vietnam, said the group sees strong long-term potential in the market. “We appreciate MIK Group’s vision in selecting Bac Ninh, a market with strong growth potential, to develop a large-scale and well-planned complex,” he said.

Bac Ninh, about 40 km from Hanoi, was merged with neighboring Bac Giang to form the new Bac Ninh province last July. It is home to major foreign electronic giants, including Samsung, Goertek, Luxshare-ICT, Foxconn, Canon, and Amkor.

Bac Ninh is also the first locality in Vietnam to issue policies supporting the training of high-quality human resources and the development of the semiconductor industry, reflecting its ambition to become a trustworthy partner and vital link in the global semiconductor supply chain.

According to the provincial authorities, Bac Ninh currently has 37 operational industrial parks spanning over 11,709 hectares. It is also developing the VND196 trillion ($7.51 billion) Gia Binh International Airport, which is expected to handle 30 million passengers and 1.6 million tons of cargo annually by 2030.