Long An Province is seeking an investment of VNĐ11.2 trillion (US$444.3 million) for a residential area project spanning 215ha and accommodating 30,000 residents.
Of the amount, VNĐ4.2 trillion will be allocated for compensation and resettlement.
The provincial Department of Planning and Investment has announced plans to invite investors to invest in the development located in Mỹ Hạnh Bắc Commune, Đức Hòa District.
The residential area project will include commercial and social housing units spanning 164,000 square meters.
In addition, public amenities such as a shopping mall, commercial services, parking facilities, and educational institutions will be integrated into the development.
The project will be implemented over six years and is slated to commence in early 2025 and conclude by 2030. The deadline for submitting project registration applications is September 6.
Long An has seen rapid urban and real estate growth in recent years.
Major real estate companies, including Vinhomes, Nam Long, and Becamex, have recently focused on opportunities within the province.
Currently, 18 industrial parks are operational in the province.
Last year, it attracted over 1,200 foreign direct investment (FDI) projects, totaling $11 billion, positioning it among the top destinations for FDI in Việt Nam.
(VNS)
Comments