Vinhomes' subsidiary invests 23 660 billion VND in a project in Dien Bien

QUANG ĐẠT |

Dien Bien - A subsidiary of Vinhomes as an investor to implement a project with a total estimated capital of 23,660 billion VND.

According to Lao Dong's source, Dien Bien Provincial People's Committee has just approved the results of selecting investors to implement the new urban area, resort tourism and sports services project in the Northwest in Dien Bien Phu ward and Thanh Nua commune.

According to the decision, the winning investor for the project is Thanh Pho Xanh Development Joint Stock Company (owner of Vinhomes - directly under VinGroup).

The total estimated investment capital of the project is 23,660 billion VND. Of which, the investor's equity is more than 3,553 billion VND, and the rest is capital mobilized from credit institutions and other legal sources.

The project has a population scale of about 12,000 people, with a total land use area of about 228.5 ha. Of which, the land fund after infrastructure investment is handed over to the state accounts for 38.4%, and the land fund where investors pay land use fees for business exploitation accounts for 61.6%.

The project includes: townhouses, villas, social housing, high-rise commercial and service buildings, international standard golf course complex...

The project is expected to provide about 2,812 low-rise houses (investors will build rough, complete the facade), including 1,836 townhouses and 975 villas.

For social housing, the project allocates a land fund of 98,609 m2 to invest in building apartment blocks up to 8 floors high.

Notably, the project plans a land fund of nearly 86.9 ha to develop an 18-hole golf course, golf course and golf practice ground.

According to the approved progress, the project will be basically deployed within 54 months from the date the project is approved to investors.

Phase 1 (Quarter IV. 2026 to Q4. 2028) will prioritize investment in technical infrastructure construction, 18 golf holes, sports service works and high-rise commercial service works.

Phase 2 (Q4. 2028 to Q4. 2030) will invest in synchronously building the remaining architectural works of the project.

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