The Department of Planning and Investment in central Thanh Hoa province is calling for investors to build a residential area in Tho Xuan district.

Covering 19.1 ha in Tho Xuong commune, the project will need estimated investment capital of over VND314.5 billion ($12.35 million).

The 50-year project is to be implemented over four years from the date of investor approval.

The project is aimed at developing a large-scale urban area and contributing to boosting socio-economic development in the north of the province.

The deadline for investors to submit applications is July 15, 2024.

Thanh Hoa targets to increase the total floor area in 2024 by 4 million sq m, equivalent to nearly 40,000 units.

The average housing area per capita is expected at 27.6 sq m.