'Revealing' the joint venture investing in a 17,330 billion VND urban area in Nha Trang

All Guide news Project news Investment news Market news

'Revealing' the joint venture investing in a 17,330 billion VND urban area in Nha Trang

Project news

18/02/2025

The Nha Trang City Mixed Urban Area Project (Khanh Hoa Province) has an area of over 226 hectares, with a total investment of over 17,330 billion VND, with a joint venture of Ha Long Sun Company Limited and Asean Ha Long Tourism Joint Stock Company as the main investors.

Khanh Hoa Provincial People's Committee has just issued a decision approving the results of selecting investors to implement the Nha Trang City Mixed Urban Area project.

The Nha Trang City Mixed Urban Area project in Vinh Thai Commune and Phuoc Long Ward has an area of over 226 hectares, with a total investment of over VND 17,330 billion. The consortium consisting of Ha Long Sun Company Limited and Asean Ha Long Tourism Joint Stock Company was selected as the main investor.

'Lộ' diện liên danh đầu tư khu đô thị 17.330 tỷ đồng ở Nha Trang ảnh 1

Nha Trang City Mixed Urban Area Project in Vinh Thai Commune and Phuoc Long Ward.

Of which, the project implementation cost is more than VND 16,270 billion, the compensation and resettlement support cost is about VND 1,059 billion. The population is about 20,000 people. The project implementation goal is to invest in building an urban area with mixed and synchronous functions including commercial housing; service works, resort tourism, tourist accommodation facilities (in the form of sale, transfer or lease).

In addition, there are specialized parks and technical infrastructure systems, social infrastructure including public works, services for residential units and urban areas (schools, commercial centers, cultural houses, museums ...) to promote socio-economic development, exploit the maximum tourism potential of the locality, contributing to effectively exploiting the land fund of the area.

Of which, commercial housing is expected to be about 4,200 units; Social housing (apartment type) is expected to be about 1,500 units. The land fund for social housing development is about 5.91 hectares. Housing projects adjacent to areas requiring national defense and security are determined in the detailed planning step (scale 1/500), foreign organizations and individuals are not allowed to own houses.

The project's operating period is about 50 years (calculated from the date the investor is granted land allocation, land lease, and land use purpose change). The project implementation progress is about 6 years from the date the investor is granted land by the State, leases land, or changes land use purpose; expected to start in the first quarter of 2025.

Phùng Quang