Quoc Loc Phat was chosen as the investor of a project of VND7,300 billion in Thu Thiem

People’s Committee Ho Chi Minh City has recently approved the development of the complex of Song Viet Complex in Thu Thiem New Urban Area, An Khanh Ward, District 2.

Accordingly, the project covers an area of ​​75.965sqm, estimated total investment of nearly 7,300 billion. This is an investment project to build a financial, banking, commercial, service and residential center.

Quoc Loc Phat Joint Stock Company is the next name to officially appear in the peninsula of Thu Thiem

Quoc Loc Phat Joint Stock Company is the next name to officially appear in the peninsula of Thu Thiem

In  HCM applied the form of appointing investors to implement this project. The selected investor must commit to deposit VND 100 billion and pay land use fee of VND 2,000 billion for 4 land plots.

Before that, in April 2015, the City People’s Committee. Ho Chi Minh City has proposed the Prime Minister approved the city appointing investors as Quoc Loc Phat Joint Stock Company to implement the project of complex Vietnam.

City documents confirm that Quoc Loc Phat has enough financial capacity to implement the project, such as ensuring equity of at least 20% of the total investment capital of the project, One-time payment of land for all four plots of land in the central core of Thu Thiem to implement the project.

Quoc Loc Phat Joint Stock Company was established on September 4, 2014 with chartered capital of VND 1,500 billion, its head office is at No. 19, 31B Street, Quarter 5, An Phu Ward, District 2. ,  HCMC. The legal representative is Mr. Pham Quang Hung.

Some sources said that the company has 4 founding shareholders, including 1 organization and 3 individuals. The largest shareholder is Hai Dang Construction Investment Joint Stock Company, located at 29 Lang Ha street, Thanh Cong ward, Ba Dinh district, Hanoi with 60 million shares, worth VND 600 billion. , accounting for 40%. Pham Quang Hung is the second largest shareholder holding 45 million shares with a value of VND450 billion (30%).


In a related development, HCMV also assigned City Investment Corporation technical infrastructure. Ho Chi Minh City (HoSE: CII) studied the proposal of the project to build the route No.1 on Ho Chi Minh City in the form of public-private partnership (PPP).

The 1 st high trek route is 9.5 km long, with a width of 4 lanes (17.5 m) with a total investment of V17,500 billion ND. This overland road will pass through 3 districts including Tan Binh, Phu Nhuan and Binh Thanh districts.

This route has a route starting from Cong Hoa intersection along Cong Hoa – Tran Quoc Hoan – Phan Thuc Duyen – Hoang Van Thu – Phan Dang Luu – Phan Xich Long – Phan Xich Long. After that, this line will connect with Dien Bien Phu and the branch will split one branch up and down at the intersection with Dien Bien Phu, the other will extend along Ngo Tat To Street – ending in front of Phu An Bridge.

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