The Thanh Hoa Provincial People’s Committee has approved the establishment of a joint venture between the Viet Incons JSC, the Vinaconex 21 JSC, and the Hanoi Investment and Trade JSC to build social housing in Thanh Hoa city in the northern province of the same name.

The project has total investment of over VND3.7 trillion ($156 million).

Construction is expected to take five years, from the third quarter of this year to the third quarter of 2028.

It covers an area of around 28,000 sq m and will consist of 2,400 houses.

Thanh Hoa province is also calling for investors to build a residential and public service area in Tho Xuan district. On 10.8 ha, it will see 380 commercial houses and 44 villas built with total investment of an estimated VND600 billion ($25.3 million).