Da Nang auctions billion-dollar land plot; Series of big projects about to change the face of Binh Thuan

Thai retail real estate company sets foot in Vietnam; Dong Nai changes the function of Bien Hoa 1 industrial park; Binh Thuan is about to have a 50,000 billion VND resort project.

Many localities are "absent" of new social housing

According to a recent report by the Ministry of Construction, although some key localities have a huge demand for social housing, investment in social housing is still limited compared to the target of the project "Investing in the construction of at least 1 million social housing units for low-income people and industrial park workers in the period 2021 - 2030".

The current number of social housing still does not meet the project's target by 2025.

Specifically, the Ministry of Construction said that Hanoi only had 3 projects, equivalent to 1,700 apartments, meeting only 9% of the target; Ho Chi Minh City also recorded only 7 projects, equivalent to 4,996 apartments, meeting 19%; Da Nang had 5 projects, equivalent to 2,750 apartments, meeting 43%.

Some localities even have no social housing projects starting construction from 2021 to present, such as Vinh Phuc, Ninh Binh, Nam Dinh, Long An, Quang Ngai, etc.

In addition, the Ministry of Construction also "named" localities with a low number of social housing registrations formed in 2024, despite high demand. Specifically, Hanoi and Ho Chi Minh City recorded only 1,181 units and 3,765 units, respectively. Some other areas were also named such as Da Nang (1,880 units), Can Tho (1,535 units)...

According to the project, the total number of completed apartments in localities will reach about 1,062,200 by 2030. Of which, about 428,000 apartments will be completed in the 2021-2025 period. The Ministry of Construction expects that if the projects that have been licensed and approved for investment are completed on time, the whole country will basically complete the project's goals by 2025.

Da Nang auctions billion-dong land plot

The Land Fund Development Center - Department of Natural Resources and Environment of Da Nang City has just coordinated with Vietnam Auction Joint Stock Company to announce the auction of land plot coded A1-2-1 on the road axis from Han River Bridge to the sea on Pham Van Dong Street, Son Tra District.

Accordingly, the land has a total area of nearly 10,000 m2, with a starting price of over 137 million VND/m2. The land use period is 50 years, and the tenant pays the rent once. The city has completed site clearance and completed technical infrastructure. It is expected that the land will be used to build a commercial center - office for rent, with a total estimated investment capital of nearly 2,000 billion VND.

Notably, the auction participants must pay in advance 20% of the total value of the land plot. In case two or more companies have cross-ownership according to the provisions of the law on enterprises, only one company can participate in the auction.

Thai retail real estate company sets foot in Vietnam

Recently, Central Pattana Company, a subsidiary of Thailand's leading retail group Central Group, has established a new legal entity in Vietnam called CPN Global Vietnam Company Limited. This enterprise will focus on real estate activities, with an initial charter capital of VND20 billion.

In March 2023, Ms. Wallaya Chirathivat, CEO of Central Pattana, said that the company is planning to invest in mega projects over a period of 5-10 years, each project will be larger than 350,000 square meters and have an investment of more than 20 billion baht (about 14,000 billion VND).

Vietnam and Malaysia are currently the countries in Central Pattana's sights, thanks to similarities in culture, consumer behavior and the retail system of Central Group. Previously, the Thai retail giant had entered the Vietnamese market early through Central Retail. Currently, this unit is operating more than 340 retail stores in 40 provinces and cities.

Dong Nai changes the function of Bien Hoa 1 industrial park

Recently, the People's Committee of Dong Nai province has issued a decision approving the project to convert the function of Bien Hoa 1 industrial park into an urban - commercial - service area of 320 hectares.

Bien Hoa 1 Industrial Park Planning Map.

Accordingly, the project will split the proposal for approval of the investment policy of Bien Hoa 1 commercial service urban area into two dossiers with the scale of each project.

The first is the project of the province's political and administrative center area with an area of about 44 hectares. Currently, this place is implementing the project of the provincial police headquarters (area of nearly 6 hectares) and the State Audit Office headquarters of region XIII with an area of 0.5 hectares.

The second file mentioned is the Bien Hoa 1 urban service project with an area of over 286 hectares. Of which, two existing structures are proposed to be retained, including the Sonadezi building (area of about 1.2 hectares) and the technical center for quality measurement standards 3 (area of about 2.2 hectares).

Currently, there are 76 units leasing land and infrastructure still operating in Bien Hoa 1 Industrial Park. It is expected that the relocation of enterprises from the industrial park will be completed in December 2025.

Many big projects are about to change the face of Binh Thuan

Recently, the People's Committee of Binh Thuan province held a ceremony to announce the province's planning for the period 2021 - 2030, with a vision to 2050. At this event, local leaders awarded investment registration certificates to 3 enterprises and investment registration memorandums to 8 enterprises. These units are expected to implement a series of projects with a total area of nearly 11,000 hectares of land with an investment capital of more than 100,000 billion VND.

The largest project is the resort, entertainment and new urban area complex of Binh Thuan Sun Company Limited. The project covers an area of about 5,000 hectares and has a total investment of VND50,000 billion.

Source