Vinh Long approved the investment policy of the Market and Townhouse project of nearly VND 400 billion.

Posted on 6 June, 2023

Binh Minh Investment and Technical Infrastructure Development Co., Ltd. was officially approved as an investor of nearly VND 400 billion project in Binh Minh town, Vinh Long province.

According to the Vinh Long Provincial Portal, the provincial People’s Committee has just decided to approve the investment policy and approve the investor for Binh Minh Investment and Technical Infrastructure Development Co., Ltd. to implement the Binh Minh Town Market and Townhouse project.

A corner of Binh Minh town, Vinh Long province. (photo: Vinh Long newspaper)

The project has a total area of more than 1.6 hectares (residential land area occupies 0.9 hectares, Market – Market Yard land area is 0.7 hectares). The venue is at Hamlet 1, Cai Von Ward, Binh Minh Town.

Total investment capital is VND 395 billion; in which, the contributed capital of investors is more than VND 143 billion; mobilized capital of over VND 251 billion. The implementation period is from 2022 – 2025, the investment period of the remaining items is from the first quarter of 2023 to the fourth quarter of 2025 (36 months).

The operational objectives of the project are real estate business, land use rights belonging to owners, users or leasers; construction of houses for living; construction of non-residential houses; finishing construction works; other specialized construction activities; consulting, brokerage, real estate auction, land use right auction.

In terms of investors, Binh Minh Investment and Technical Infrastructure Development Co., Ltd. was established in 2016, headquartered in Binh Minh town, Vinh Long province, operating mainly in the field of real estate business.

The project of Binh Minh townhouse in Vinh Long invested by this enterprise has a planned area of more than 2.7 hectares, divided into 2 zones, including the central market and the townhouse façade surrounding the market. The total number of semi-detached houses is planned to be 105 units. Structure of building a house with 1 ground floor and 3 floors.

The total investment of the project is more than 350 billion VND, which started construction in May 2019. 

In March 2022, the project developer and distributor, Tue Minh Group JSC (TM Group JSC), said that it has opened for sale 105 townhouses in this project.

Source: Vietnammoi


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