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KINHBAC CITY DEVELOPMENT

HOLDING CORPORATION

SHP BEGAN CONSTRUCTION FOR SOCIAL HOUSING AT TRANG DUE, HAI PHONG

On May 28, 2023, People’s Committee of Hai Phong City and Sai Gon – Hai Phong Industrial Park Corporation (SHP) organized groundbreaking ceremony for Social Housing Area under the of Urban – Commercial Service and Housing Project for workers, Le Loi commune, Quoc Tuan commune, An Duong district, Hai phong city. The Sai Gon – Hai Phong Industrial Park Corporation which is Kinh Bac City Development Hoding Corporation’ s subsidiary is the investor for the project, with the total investment of nearly 1,600 billion VND.

Attending and issuing the notice to commence work for project were Mr. Le Tien Chau, Member of the Central Committee of the Communist Party of Vietnam, Secretary of Hai Phong city Committee; Mr. Nguyen Van Tung, Deputy Secretary of Hai Phong city Committee, Chairman of People’s Committee of Hai Phong city; Mr. Pham Van Lap, Chairman of the People’s Council of Hai Phong city; Mr. Cao Xuan Lien, Chairman of Hai Phong city’s Vietnam Fatherland Front Committee; with the members of Standing Committee; Vice Chairman of People’s Council, People’s Committee of the city; leaders of Departments, Boards, Branches and localities; in the investor’s side, there were Mr. Dang Thanh Tam which is the chairman of Sai Gon Investment Corporation, the chairman of KBC and other leaders of the Corporation.

The overall perspective of social housing project in the Trang Due urban area – commercial services and worker housing

Social housing project under the of urban – commercial service and housing project for workers at An Duong commune is the third social housing project to be deployed in the City from the beginning of 2023 until now. The construction investment scale is above 2500 units with 10 15-floor blocks, ensuring accommodation for more than 9,000 labors, with the model of social housing inside urban area combined with industrial park. The total investment for the project is nearly 1,600 billion VND. Preparation and implementation progress for the project is from quarter 2/2023 to quarter 4/2025.

Mr. Dang Thanh Tam – Chairman of Saigon Investment Corporation, Chairman of KBC, Chairman cum General Director of SHP (the Project investor) spoke at the ceremony, expressing his appreciation to leaders of Hai Phong city for their accompanying and their best support to the company during the past time.


Deputy Chairman of People’s Committee of Hai Phong City, Mr. Nguyen Duc Tho spoke at the Groundbreaking

Speaking at the Groundbreaking ceremony, Deputy Chairman of People’s Committee of Hai Phong city stated that, with 14 industrial parks established and operating; many industrial parks and industrial clusters being implemented urgently, Hai Phong attracted above 190,000 employees, in which, more than 67,000 labors from other province. Particularly, Trang Due industrial park has 113 operating domestic and foreign investors, providing workplace for above 50,000 labors, therefore, need for housing is quite huge. In the coming time, the city will continue to push up implementation of social housing projects, especially housing for workers; at the same time, determining to complete the investment in building 33,500 social units before 2030, exceeding the plan that the Prime Minister assigned to the City at Project for investment and construction for at least 1 million social housing for low-income people, workers in the industrial parks in the period 2021-2030 in the Decision No 38 dated April 3, 2023.

Mr Le Tien Chau, Member of Party Central Committee, Secretary of City Party Committee and leaders of Hai Phong City and leader of SHP performed the groundbreaking ceremony for the Project

The deployment of social housing not only implements above purpose, meets housing demand for employees working in the city location, but also creates infrastructure investment chain for Industrial park – Urban area, convenient investment environment for domestic and foreign investors, continue the outstanding development momentum of the City in the recent years.

KBC's Chairman

Mr. DANG THANH TAM

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