The selected investor is High-tech Construction Investment Joint Stock Company - VITC, headquartered in Cau Giay district, Hanoi city.

The Lam Vien Social Housing Project is planned to be built on an area of 2.87 hectares, including 3 9-storey apartment buildings with an expected construction area of 6,500 m2 , the remaining land area is for traffic infrastructure and auxiliary items.
The social housing buildings in Lam Vien area are designed in a modern style, the first floor is for parking, commerce, services, and technical areas; the second floor is for community living space; from the third to the ninth floor are for social housing with national technical standards for apartment buildings.

When completed, the 3 Lam Vien buildings will accommodate 570 apartments, providing accommodation for more than 1,700 people. The total investment capital for the project is about 684 billion VND, the cost does not include compensation and site clearance.

Before building 3 more 9-storey buildings, Lam Vien area had received investment from Lao Cai province in 4 5-storey apartment buildings.
Currently, Lao Cai province is investing in the construction of a number of social housing areas in some wards and communes in the area; in 2025, 1,000 apartments will be completed; it is expected that by 2029, 7,600 social housing apartments will be completed, providing accommodation for about 25,000 people.
Source: https://baolaocai.vn/phe-duyet-ket-qua-lua-chon-nha-dau-tu-du-an-nha-o-xa-hoi-khu-lam-vien-post399759.html
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