The static parking lot project along the south side of Dai Co Viet street has a total investment of more than 969 billion VND, including one overhead floor serving landscape and 3 basements, meeting more than 1,000 parking spaces.
On June 10, the People's Committee of Bach Mai ward (Hanoi) announced information about the Static parking project along the south side of Dai Co Viet street. The project is planned on an area of 6,844m2, with a total investment of more than 969 billion VND.
According to the plan, the project includes one above-ground floor serving the landscape garden and vertical traffic points, along with 3 basements with an area of about 5,673m2 each floor. The total floor area of the basement is more than 17,000m2, meeting the parking needs of over 1,000 vehicles.
On November 30, 2017, Hanoi City People's Committee approved Tan Hoang Minh Hotel Trading and Service Co., Ltd. as the project investor. However, the project has not yet been implemented on the ground despite a long period of research and preparation.
The project has a recovered land area of 6,843.6m2, affecting 110 households. In order to promote the implementation progress, on March 25, the Steering Committee for Site Clearance of Bach Mai Ward worked with representatives of the investor to urge the implementation of the contents according to the direction of the Hanoi People's Committee.
Regarding land acquisition, compensation and site clearance, on March 5, 2026, Tan Hoang Minh Hotel and Service Trading Co., Ltd. requested the Hanoi Department of Agriculture and Environment to guide the implementation of related procedures. By March 30, 2026, the Hanoi Department of Agriculture and Environment had a document guiding the land acquisition, compensation and site clearance for the project.
On March 31, the Hanoi Department of Construction reported and proposed that the Hanoi People's Committee approve the allocation of 110 social housing units to serve resettlement for households subject to land acquisition.
Currently, the Bach Mai Ward Investment - Infrastructure Project Management Board is coordinating with the investor to review all legal documents, and at the same time inspect the current status and site clearance process for 110 affected households.
On that basis, relevant units will identify land users, land plots and advise the Ward People's Committee to issue land recovery notices to implement the next steps of the project.
