Authorities in Thai Binh Province in northern Vietnam and the People’s Committee of Long An Province in the southern region have issued investment registration certificates for four big-ticket urban area projects.
Three urban area projects in Thai Binh Province will be located in Thai Binh City and Vu Thu District.
Among them, one will span some 133 hectares in Tan Binh Commune and Tien Phong Ward in Thai Binh City, and cost nearly VND8 trillion (US$333 million).
The urban project will comprise low-rise and high-rise apartment buildings, social houses, and commercial and service facilities.
The other urban area project to be developed in Dong Hoa Commune in Thai Binh City will cover an area of 69 hectares and carry a price tag of over VND2.1 trillion ($87.4 million).
The project will be completed in five years following the land handover.
The third project is scheduled to cover 122.6 hectares in Song An Town and Trung An Commune in Vu Thu District, and cost some VND4.2 trillion ($174.9 million).
Speaking at the investment registration certificate handover ceremony on Thursday, Nguyen Khac Than, chairman of the Thai Binh Province People’s Committee, said that such big urban area projects will cost a combined VND14.3 trillion ($595.3 million).
When in place, these projects will contribute to shaping the cityscape of Thai Binh City and its neighboring areas, and advancing the socioeconomic growth in the province, he underlined.
The Long An Province People’s Committee last Thursday signed a decision to select a consortium of Melinh Plaza Thanh Hoa Trading Complex Investment JSC, Vinh Trade Center Investmen JSC and Eurowindow Nha Trang Investment and Tourism JSC to develop an urban area project in Wards 4 and 6 in Tan An City.
The project will span over 137 hectares and carry a price tag of VND7.12 trillion ($296.1 million).