Da Nang City People's Committee said that it has just issued Decision No. 1358/QD-UBND approving the investment policy, and at the same time assigned the investor to implement the Vinh An Hoa social housing area project in Nui Thanh commune.
According to the decision, the project is invested by Ngoi Sao Viet Holdings Joint Stock Company, implemented on land plots A3, A4 belonging to the worker housing area in Chu Lai Open Economic Zone, Nui Thanh commune.
The project has a total area of about 18,996.17m2, including 5 blocks of 12-story social housing apartments and adjacent commercial housing areas. In addition, the project also arranges auxiliary items such as parking lots, community centers, kindergartens and other essential infrastructure works. The total estimated investment is more than 684 billion VND.
Regarding progress, the project is implemented in a period of 3 years from the time the State allocates land or leases land (expected from the first quarter of 2026 to the end of the fourth quarter of 2028), with specific phases:
By the end of the fourth quarter of 2026: Complete, accept and put into use 2 social housing apartment blocks with a total of 272 units. By the end of the fourth quarter of 2027: Complete 2 more social housing apartment blocks with 322 units. By the end of the fourth quarter of 2028: Complete the remaining apartment block with 161 units, and complete the adjacent commercial housing area.
The operating term of the project is 50 years from the date the investor is allocated land or leased land.
In the process of implementation, the investor must strictly control the quality of the project from the survey, preparation, appraisal, project approval to design and construction; ensure compliance with regulations on construction quality management, fire prevention and fighting, rescue, environmental protection and related technical standards and regulations.
