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Hanoi licenses Bitexco and Vingroup projects

Released at: 10:06, 26/08/2015

Hanoi licenses Bitexco and Vingroup projects

Both to begin construction in fourth quarter.

by Thu Hoang

The Hanoi People’s Committee recently granted investment licenses to Bitexco to develop its Manor Central Park project in the first phase and to the Hong Ngan Real Estate JSC under Vingroup to develop its Green City project.

Located in Dai Kim ward in Hoang Mai district and Thanh Liet commune in Thanh Tri district, the Manor Central Park is a multi-function urban area comprising villas, apartments for sale, shopping malls, and a park, among others. With investment of $1.9 billion, the project is expected to kick-off construction in the fourth quarter of this year and be completed within five years.

With total investment of VND4.85 trillion ($215.1 million), Green City sits on an area of 17.6 ha in Cau Dien ward in Nam Tu Liem district. The multi-function residential project comprises villas, gardens, shops, high-rise apartment blocks, schools at all levels, and a medical clinic, etc.

The project is also expected to begin construction in the fourth quarter and be completed within the next four years.

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