Work begins on $148.6mn urban project in Vietnam’s Long An
Work begins on $148.6mn urban project in Vietnam’s Long An
Work has started on the An Huy urban area project, covering an area of 120 hectares with a total investment of VND3.8 trillion (US$148.6 million), in Long An Province, southern Vietnam.
A rendering of the An Huy urban area project in Long An Province, southern Vietnam. Photo: An Huy Group |
The project, located in My Hanh Bac Commune, Duc Hoa District, was approved by Long An authorities in early 2024.
The first phase, spanning 60 hectares, includes 2,250 plots of land, terraced houses, villas, and shophouses.
This marks the second large-scale project launched in Long An this year, following the Hau Nghia new urban area by Vingroup.
The project is developed by An Huy Group, a well-established real estate company in northern Vietnam, known for projects such as the 16.4-hectare An Huy Bac Ninh and the 60-hectare An Huy Bac Giang developments.
The An Huy Long An urban area is the group’s first major venture in southern Vietnam, part of its expansion plan into the southern market.
Long An, a neighboring province of Ho Chi Minh City, has experienced rapid urban and real estate development in recent years, attracting significant investment from major developers.
In 2024, the province’s economy reached VND188 trillion ($7.35 billion), ranking 13th in the country.
Long An has also attracted $14.3 billion in foreign direct investment (FDI), with more than 1,500 projects from investors across 40 countries, making it one of the top 10 FDI recipients in Vietnam.
Recently, the province has seen growing interest from leading real estate developers.
In addition to the An Huy project, Vingroup has also launched the Hau Nghia new urban area in Duc Hoa District, with a total investment of around $1 billion.
The company has also targeted the Phuoc Vinh Tay new urban area project in Can Giuoc District, with a total investment of over $3 billion, as well as the Tan My urban area in Duc Hoa.
Other major real estate players, such as BIM Group, Phu My Hung, and Ecopark, are also exploring opportunities in the province for resorts, urban areas, and renewable energy projects.
- 10:19 29/03/2025
