The project is invested by the Joint Venture of Cam Ranh Investment Joint Stock Company, Vinhomes Joint Stock Company and Vines Energy Solutions Joint Stock Company.
The implementation period is from the second quarter of 2023 to the first quarter of 2027, in many old wards and communes of Khanh Hoa province such as Cam Lap, Cam Thinh Dong, Ba Ngoi, Cam Linh, Cam Loi, Cam Thuan, Cam Phu, Cam Phuc Nam, Cam Phuc Bac and Cam Nghia.
According to the announcement, the project has a total investment of VND 85,293 billion (excluding compensation and resettlement support costs).
Of which, the investor's contributed capital is VND 12,943 billion, the rest is mobilized capital with a total of VND 73,347 billion, according to the provisions of Article 114 of the Housing Law No. 27/2023/QH15.
Up to now, the investor has been allocated land and leased land by the Khanh Hoa Provincial People's Committee according to many decisions, most recently Decision No. 1160/QD-UBND dated September 12, 2025.
The enterprise has fulfilled its financial obligations on land use fees with an amount of more than VND 6,713 billion according to the announcement of Khanh Hoa Tax Department.
In this period, the investor is allowed to mobilize 24,500 billion VND to build works on the land area assigned according to Decision 1160/QD-UBND.
The capital mobilization period is associated with the project implementation progress, from the second quarter of 2023 to the first quarter of 2027.
Previously, the project had mobilized VND 55,768 billion through the stages, along with the investor's capital contribution of VND 12,943 billion, raising the total mobilized capital to VND 68,711 billion, ensuring that it did not exceed the approved total investment.
