Signing of the Funding Agreement for the Long Binh Tan Social Housing Project in Bien Hoa City

​(News Portal – Dong Nai) - The Dong Nai branch of the Bank for Investment and Development of Vietnam (BIDV) and Chuong Duong Homeland Joint Stock Company recently held a signing ceremony for the funding agreement for the Long Binh Tan Social Housing Project (Bien Hoa City). Attending the ceremony was Mr. Ta Thanh Long, Director of the State Bank of Vietnam's Dong Nai branch. 

Representatives from BIDV Dong Nai and Chuong Duong Homeland Joint Stock Company sign the funding agreement for the Long Binh Tan Social Housing Project

Speaking at the signing ceremony, Mr. Nguyen Duc Toan, Director of BIDV Dong Nai, shared that the Long Binh Tan Social Housing Project, comprising 1,100 apartments, has a total investment of approximately VND 1.4 trillion. To ensure the project's timely and effective implementation, BIDV Dong Nai, as the funding bank, requested that the project's developer promptly complete all legal documentation for the project. Additionally, the developer should organize the management and operation of the project's current structures in a smooth, safe, and efficient manner.

The developer is required to manage the project in compliance with legal regulations on construction investment, ensure cost savings, adhere to the project's timeline, and maintain high construction quality. Moreover, the entire project should be operated safely and efficiently, ensuring capital recovery and the ability to repay bank loans.

For its part, BIDV Dong Nai will accompany the developer throughout the project. In addition to arranging the financing, BIDV Dong Nai is ready to provide the best and most convenient banking products and services available today.

The Long Binh Tan Social Housing Project covers 1.4 hectares with a total investment of approximately VND 1.4 trillion. It includes three 20-story blocks and a basement area of 10,000 square meters, providing 1,100 apartments that will house approximately 1,900 residents. The project aims to promptly meet the housing needs of social policy beneficiaries, low-income workers in the southern region, and particularly in Dong Nai province.​

Chuong Duong Homeland Joint Stock Company was established based on the capital contributions of three investors: Chuong Dương Joint Stock Company, Asia Build Design Company Limited, and Dinh Viet Investment and Assembly Joint Stock Company. Among these, Chuong Duong Joint Stock Company is the controlling shareholder and the lead unit in implementing the Long Binh Tan Social Housing Project.