Authorities of Da Nang city in central Vietnam have approved the investment policies and assigned developers for two major social housing projects located in Nui Thanh Commune.
The Vinh An Hoa Social Housing project that will be developed by Holdings Ngoi Sao Viet Joint Stock Company is situated on land plots A3 and A4 within the workers' housing zone of the Chu Lai Open Economic Zone.
Spanning nearly 19,000 sq.m, the development will feature five 12-story social housing apartment blocks alongside adjacent commercial townhouses. The project will also include auxiliary facilities such as parking lots, a community center, a kindergarten, and other essential infrastructure. The total estimated investment exceeds VND684 billion ($25 million).
The project is scheduled for implementation between 2026 and 2028, with an operational term of 50 years starting from the date of land allocation or lease.
Meanwhile, the Nui Thanh Social Housing project, that will be developed by Ha My Hung Group Joint Stock Company, covers over 22,000 sq.m with a total investment of more than VND885.2 billion ($33 million).
The project will be located at plots A1 and A2 in the workers' housing zone of the Chu Lai Open Economic Zone.
Its construction is slated to run from the first quarter of 2026 through the end of the fourth quarter of 2028. The primary goal is to provide social housing apartments for sale to eligible beneficiaries under current housing policies, while also developing commercial housing areas in accordance with the Law on Housing.
Google translate