Project Name: New Urban Area G8
- Sector/Field: Urban area, housing
- Location: Thien Loc Commune, Vinh Thanh Commune, Hanoi (according to the new administrative designation)
- Area: 46.6 ha
- Estimated Investment Capital: 3,153 billion VND
- Investor Selection Method: Open bidding
- Investment Form: Non-state capital
Project Investment Breakdown:
Preliminary project implementation cost (excluding compensation, support, and resettlement): approx. 12,559.399 billion VND
Estimated cost for compensation, support, and resettlement: approx. 659.187 billion VND
Investor contribution: 1,982.788 billion VND (15% of the project’s estimated capital)
Mobilized capital: 11,235.798 billion VND (85% of the project’s estimated capital)
Investor: Construction Trading Joint Stock Corporation, approved under Decision No. 6711/QĐ-UBND dated December 27, 2024, by the Hanoi People’s Committee.
Planned Implementation Timeline: 2024–2030
Situated along a direct connection axis to satellite urban areas and central Hanoi, the project benefits from convenient transportation and trade, especially as local transport infrastructure is being heavily developed