According to the central city’s master plan, the development will consist of four social housing apartment blocks, including two 15-story and two 19-story buildings, providing a total of 1,326 units.
At the conference, the provincial authorities handed over 19 investment policy approval decisions to 18 investors, with a total investment capital exceeding VND27.7 trillion (over $1 billion), while 19 MOUs for investment cooperation were signed, with a total committed capital of over VND172 trillion (around $6.54 billion).
Authorities have set a deadline of June 30, 2026, to finalize clearance for Ring Road 2.5, while simultaneously pushing progress on Ring Roads 3 and 3.5.
Among the newly licensed projects are several large-scale developments expected to generate strong spillover effects and contribute to the central province’s economic growth in the coming years.
These projects aiming to improve transport capacity, enhance regional connectivity, and facilitate travel and goods transportation between the two localities.