On May 5, the Office of the People's Committee of Hoa Binh province informed that the Provincial People's Committee has just approved the investment policy for the Hop Thanh Urban Area project in Hop Thanh commune, Hoa Binh city, with a total estimated investment capital of more than 866 billion VND.
The Hop Thanh Urban Area Project is oriented to develop according to the model of an ecological urban area combined with high-class resorts, with a synchronous modern technical infrastructure system, including ecological villas, 5-star hotels - resorts, utility service works, landscape parks and large trees.
It is expected that the urban area will have a population of about 744 people, using a total area of over 26.6 hectares, of which more than 5.7 hectares of land is for 186 low-rise villas and nearly 5.2 hectares of land for tourism services.
According to the decision, the project will be implemented in the form of international open bidding. The time to start selecting investors is from the second quarter of 2025.
The process of preparing, clearing land and completing infrastructure will take place from September 2025 to the end of September 2027; the rough construction of villas and completing architectural items will be implemented from October 2027 to the end of October 2029.
The urban area will be put into operation from November 2029 and will have an operating term of 50 years.
Notably, the winning investor is responsible for investing synchronously in the entire technical and social infrastructure system, and must pay an amount equivalent to 20% of the value of the invested residential land fund to the state budget to build social housing.
The People's Committee of Hoa Binh province requested departments, branches, and the People's Committee of Hoa Binh city to coordinate in organizing the implementation of bidding, site clearance, completing bidding documents, and supervising the investment process.
In particular, the Department of Construction is assigned to preside over the implementation of procedures to ensure that the bidding organization selects investors in accordance with the provisions of the law on bidding.
