Hanoi – on 24th September 2025, the Hanoi People’s Committee issued Decision No. 4851/QD-UBND, officially approving the investor consortium to implement the project of building Tien Duong 1 Social Housing Area, in Phuc Thinh Commune, Hanoi City, implemented in the form of investor selection and bidding in land-use projects.
the Tien Duong 1 Social Housing Project in Hanoi
Before that, the Tien Duong 1 Social Housing Construction Project, in Tien Duong commune, Dong Anh district, Hanoi city (now Phuc Thinh commune, Hanoi city) was approved for investment in the Decision No. 618/QD-UBND dated 24th December 2024 of the Hanoi People’s Committee. On 26th June 2025, the City People’s Committee continued to approve the results of the call for interest in the Tien Duong 1 Social Housing Construction Project in Decision No. 3189/QD-UBND.
These are important legal steps to implement a large-scale project with a total estimated investment of 8,690,426 billion VND, excluding compensation, support, and resettlement. Estimated compensation costs 616,996 billion VND.
The approved investor consortium includes: Viglacera Corporation – JSC, Hoang Thanh Infrastructure Investment and Development JSC and Central Construction JSC.
The total capital contribution of these three investors is 1,500 billion VND. Of which, Viglacera contributes the largest capital ratio of 55% (825 billion VND), Hoang Thanh Company contributes 30% (450 billion VND) and Central Company contributes 15% (225 billion VND). Thus, the capital contribution of the investor: 1,500 billion VND (accounting for 16.1% of the expected investment capital of the project). Mobilized capital: 7,807.422 billion VND (accounting for 83.9% of the expected investment capital).
The project is implemented from 2024 to 2030. The operating period is 50 years, calculated from the date of decision for the investor to have land allocated, land leased and land use purpose changed.
The Hanoi People’s Committee requests the investor consortium to comply with the Housing Law and related legal regulations; ensure financial resources and complete procedures on planning, land, and construction before implementation. The City’s functional agencies are assigned to support and closely monitor the implementation of this project in accordance with current legal regulations…
According to the Decision approving the investment policy, the land area for research and project implementation is nearly 44.6 hectares. The population is about 12,465 people. This project will provide about 3,530 apartments (including 3,103 social housing units, 427 commercial apartments) and 99 adjacent low-rise houses.
