Within the framework of the groundbreaking ceremony, inauguration, and technical opening of 234 works and projects to celebrate the 14th National Congress of the Party, the Hanoi People's Committee in coordination with Vihoce Tien Duong Joint Stock Company organized the groundbreaking ceremony for the investment project to build Tien Duong 1 Social Housing Area (commercial name: Tien Duong Park City) in Le Phap village - Phuc Thinh commune.
Tien Duong Park City is the first large-scale independent urban - concentrated social housing project in Hanoi.
The Tien Duong Park City investment project is formed with a full social infrastructure system and technical infrastructure according to the standards of 01 urban area. The project will provide about 3,103 social housing apartments according to modern standards to solve the housing needs of about 12,400 people who are priority subjects of State support in housing policies.
The project has practically contributed to the development program of 01 million social housing units under the direction of the Prime Minister.
The project is located on Vo Nguyen Giap Street in the Nhat Tan - Noi Bai urban corridor. The area around the project is invested in infrastructure in sync with the national highway system, beltway, metro lines 2, 4, 10, in addition to the network of service - education - health centers such as Dong Anh General Hospital, school system, commercial center and regional entertainmenttainment spots.
According to the decision approving the investment policy, the project has an area of 45 hectares with a total housing needs of more than 12,465 residents. When completed, it will provide about 3,530 apartments, including 3,103 social housing units, 427 commercial apartments and 99 townhouses.
The project was approved by Hanoi City for a detailed plan of 1/500 from 2018; approved for investment policy in 2024 and until September 2025; officially selected the investor consortium including Viglacera Corporation - JSC, Hoang Thanh Infrastructure Investment and Development Joint Stock Company and Central Construction Joint Stock Company.
On December 1, 2025, the City People's Committee assigned Vihoce Joint Stock Company - a company established by the consortium - as the direct investor to implement the project.
According to the Organizing Committee, the total capital contribution of the three investors in the consortium is 1,500 billion VND, of which Viglacera holds 55% (825 billion VND), Hoang Thanh 30% (450 billion VND) and Central 15% (225 billion VND). The investor's contributed capital accounts for 16.1% of the total estimated investment of the project; the remaining capital is mobilized capital of about VND 7,807.422 billion, accounting for 83.9%.
