Bac Ninh seeks investor for 1.1 billion USD Van Trung urban area

Bac Ninh authorities have issued an international bidding dossier to select an investor for the Van Trung new urban area project in Nenh Ward. The project covers approximately 102.1 hectares with an estimated investment value exceeding 28,300 billion VND (roughly 1.1 billion USD).

The bidding process is scheduled to close at 9:30 AM on December 27. A key criterion in the tender is a minimum state budget contribution rate of 1.84%. Once an investor is selected, the project will undergo a 36-month period for compensation, site clearance, and land handover, followed by a 60-month implementation window.

In a separate urban development move, the Bac Ninh People's Committee recently approved the 1/500 scale detailed planning for the Gia Binh - Dong Cuu urban area. This 223.3-hectare development is designed to support the Gia Binh International Airport and is expected to accommodate a population of approximately 36,955 people.