Bidding for Phu Minh 2 Urban Area project worth over 900 billion VND in Hoa Binh

(PLVN) - The Department of Finance of Hoa Binh province has just announced the list of Phu Minh 2 Urban Area Project with a total investment capital of more than 900 billion VND, the project uses land with an area of about 55.91 hectares, the implementation location is in Vat Lai hamlet, Thinh Minh commune, Hoa Binh city. The housing product structure includes about 405 low-rise houses (villas, townhouses). The population is 2,164 people. The project's operating period is 50 years.

Previously, on May 23, 2025, the People's Committee of Hoa Binh province approved the investment policy of Phu Minh 2 Urban Area Project with a total investment capital of more than 900 billion VND.

The project's objective is to build a modern ecological urban area combined with commerce and services, synchronous social infrastructure, technical infrastructure, connecting with investment projects, neighboring residential areas and ongoing projects to create a new, civilized and modern residential area, ensuring stable and sustainable development, improving the lives of people in the area, contributing to urban beautification.

The project has a population of 2,164 people, land area of about 55.91 hectares. Project location: Thinh Minh Commune, Hoa Binh City.

Approved planning indicators include: Residential land 108,001m2; Cultural house land 5,073m2; Sports land 6,435m2; Commercial service land 12,657m2; Kindergarten land 1,739m2; Parking lot land (BDX-01, BDX-02) 3,915m2; Traffic land 88,251m2; Green trees and water surface 333,059m2.

Project duration: 50 years (time determined according to investment and land laws). Home buyers are attached to land use rights, and buyers of land use rights of the project are entitled to use the land stably and permanently.

Project implementation progress: From Quarter II, 2025 to Quarter I, 2026: Carry out legal procedures, prepare for project investment (bid to select investors, negotiate and sign project contracts, organize site clearance and other construction investment preparation work according to regulations).

From the second quarter of 2026 to the second quarter of 2031: Carry out procedures according to the provisions of law on construction, land, environment, investment in construction of items and putting the project into operation.

Construction investment phases, including Phase I (from Quarter I of 2026 to Quarter IV of 2027): Carry out site clearance, land allocation, land lease, and change of land use purpose for about 60% of the total project area; Invest in all technical infrastructure and social infrastructure works within the allocated land area.

Phase II (from the second quarter of 2026 to the end of the first quarter of 2028): Carry out site clearance, land allocation, land lease, and change of land use purpose for 25% of the total project area; Invest in all technical infrastructure and social infrastructure works within the allocated land area.

Phase III (from the third quarter of 2026 to the end of the second quarter of 2031): Carry out site clearance, land allocation, land lease, and change of land use purpose for the remaining 15% of the project area; Invest in all technical infrastructure and social infrastructure works within the allocated land area. Put the entire project into operation.

The project is selected by international open bidding, one-stage one-envelope investor selection method. The time to start organizing investor selection is the second quarter of 2025.

Red Army

Source: https://baophapluat.vn/dau-thau-du-an-khu-do-thi-phu-minh-2-hon-900-ty-dong-tai-hoa-binh-post550109.html