The People’s Committee of Dong Nai Province, a neighbor of Ho Chi Minh City, gave its approval to the development of the Hiep Hoa urban area project covering 293 hectares of land on Pho Islet in Hiep Hoa Ward, Bien Hoa City on Tuesday, budgeting an estimated investment of over VND72.2 trillion (US$3 billion).

Vo Tan Duc, deputy chairman of the Dong Nai People’s Committee, signed a decision approving the project, which is expected to accommodate 31,600 people.

The total area of the project includes 84 hectares for living, making up 28.8 percent, 110 hectares for green spaces, nearly 35 hectares for both of these purposes, over 14 hectares for public facilities, 43 hectares for traffic, and 3.8 hectares for technical infrastructure.

The project is scheduled to be executed in 12 years, from 2023 to 2035, and divided into five sub-projects.

It is aimed at developing a modern urban area with a low construction density in harmony with the surrounding landscapes.

The urban area will contribute to sustainable tourism development and combine diversified types of housing, a trade center and services, establishing a busy area with day and night activities.

The Dong Nai People’s Committee has assigned Bien Hoa City to invite tenders for the project and departments and agencies to fulfill tasks within their functions and duties in line with the law.

Pho Islet has an area of nearly 700 hectares and is surrounded by the Dong Nai and Cai Rivers.

The islet is nestled at the gateway of Bien Hoa City and is assessed as a prime site.

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