HCMC — The government of Khanh Hoa Province has announced four pilot sites for commercial housing projects under a mechanism of land-use rights being secured through negotiation, with total investment capital exceeding VND10 trillion.
Tan Hoang Minh Trading Service Hotel Company, a subsidiary of Tan Hoang Minh Group, will develop one of the projects on a 7,850-square-meter plot at the former Binh Tan port in Nha Trang City. The VND1.8 trillion project is slated for implementation between 2025 and 2028.
The other three projects include a VND2.35 trillion investment by Nha Trang Forest Products Import-Export JSC, a VND623 billion project by Khoi Nguyen JSC, and a VND5.4 trillion development by Hon Mot Tourism JSC on a 483,000-square-meter site, the largest among the four.
The projects are part of a pilot program outlined in Decree 75/2025/ND-CP, which guides the implementation of National Assembly Resolution 171/2024/QH15. This legal framework allows investors to develop commercial housing through negotiations over land-use rights.
The Khanh Hoa government has instructed relevant departments and localities to coordinate with the investors to ensure compliance with regulations and alignment with urban development plans.
The People’s Council of Khanh Hoa approved the list of pilot sites on June 2 through Resolution 48/NQ-HDND.
