Taseco Land wins the bid for a major project in Bac Ninh.

On May 26, the People’s Committee of Bac Ninh Province issued Decision No. 895/QD-UBND approving the selection result of the investor for the construction project of a new urban area in Tu Son City. The winning bidder is the consortium of Taseco Real Estate Investment Joint Stock Company (TasecoLand) and HNG Holdings Joint Stock Company.

According to the decision, the urban area project won by the TasecoLand consortium covers an area of approximately 30.47 hectares, with a total estimated investment of over VND 2,500 billion (about USD 106 million). The expected population is around 7,300 people, located in Huong Mac Ward and Phu Khe Ward, Tu Son City. This is a comprehensive infrastructure project including low-rise housing, mixed housing, social housing, schools, healthcare facilities, and more. The project will be implemented over 6 years from the date the investor is selected.

The project is situated between three traditional and long-established woodcraft villages in Tu Son City. It is approximately 12 km from the newly started Tu Lien Bridge in Hanoi, providing convenient transportation access to Hanoi’s city center.

In recent years, TasecoLand has made a mark in the real estate market with a series of large projects developed in Hanoi, Quang Ninh, Ha Nam, Thai Nguyen, Thanh Hoa, Da Nang, and is recognized as one of the reputable developers in the market.

Besides the recently approved Bắc Ninh project, TasecoLand has been expanding its land bank to boost real estate development by winning bids and auctions for many prime-location projects in Me Linh, Long Bien (Hanoi), Thai Nguyen, Ha Nam, and Quang Binh.

Bac Ninh is currently experiencing a strong wave of investment, especially foreign direct investment (FDI). The province has attracted a significant amount of FDI, positioning Bac Ninh as one of the leading provinces nationwide in FDI attraction during the early months of 2025.

Bac Ninh is a top choice for many investors (Photo: Shutterstock).

In the real estate sector, Bắc Ninh has recently become a destination for a series of major investors such as Vingroup, SunGroup, and Phu My Hung...

Additionally, numerous transportation infrastructure projects are being strongly invested in, including the Ring Road 4 around the capital region, Gia Bình International Airport, and a 35 km, 120-meter-wide road connecting Gia Binh Airport to Hanoi. The total estimated investment for these projects is approximately VND 71,150 billion. Hanoi City has also proposed plans to implement these projects.

Moreover, the planned merger of Bac Ninh Province and Bac Giang Province is expected to serve as a new economic development driver, helping the region become a leading economic hub of the country.

Sources: https://dantri.com.vn/