In April 2026, Khanh Hoa Provincial People's Committee just issued a decision to recover and allocate more than 10,000m2 of land in Nha Trang ward to investors to implement social housing projects, contributing to supplementing the housing supply for people.
Accordingly, in April 2026, the Provincial People's Committee issued a document to recover 10,421.7m2 of land managed by the Khanh Hoa Land Fund Development Center, and at the same time assigned it to Minh Ngoc Urban Development and Construction Investment Joint Stock Company (representative of the joint venture with Delta V Construction and Technology Application Joint Stock Company) to implement the OXH02 Social Housing Area project (phase 1) at No. 10 Truong Son, Nha Trang ward.
The land area is identified as residential land in urban areas, with a long-term stable use term. The form of land allocation is that the State allocates land with land use fees, but businesses are exempted from all land use fees for the above area according to current regulations.
The land allocation is carried out in the form of not auctioning land use rights, not bidding to select investors, because the project falls under a case that has been approved for investment policy before.
Previously, in August 2025, Khanh Hoa Provincial People's Committee decided to assign Minh Ngoc Urban Development and Construction Investment Joint Stock Company as the investor of the OXH02 Social Housing Area project without bidding.
The project is implemented in the OXH02 planning area and surrounding areas, with a total investment of more than 2,200 billion VND. According to the plan, the project includes 2 social housing blocks accounting for about 80% of the area and the rest is commercial housing.
When completed, the project is expected to provide 1,540 apartments, serving about 4,060 people, including 1,215 social housing units and 325 commercial apartments.
According to the plan, investment preparation work is deployed from the third quarter to the fourth quarter of 2025. The construction phase of technical infrastructure, social infrastructure and project works is expected to take place from the fourth quarter of 2025 to the end of the second quarter of 2027.
Part of the project area was previously used by May Viet Co., Ltd. and Khatoco One Member Co., Ltd.
Notably, the project investor is a business with more than 1 year of operation.
Minh Ngoc Urban Development and Construction Investment Joint Stock Company was granted a business registration certificate for the first time at the end of 2024 and has changed registration for the 3rd time.
