Dai Quang Minh Real Estate Investment Corporation (Vietnam)

The subject is a subsidiary of “TRUONG HAI GROUP CORPORATION”, a big name in the auto field with many affiliates. The subject's activities focus on five main areas: housing investment and development, investment in commerce and services, investment and development of industrial parks, investment and development of transportation infrastructure and social facilities, tourism and accommodation services. Some partners are Cotecons, Cofico, Unicons, Doan Nhat, Euro window, Surbana, Dat Phuong, Fecon, Phan Vu,… Currently, Dai Quang Minh is investing in major transport infrastructure in Thu Thiem New Urban Area. These are significant works of Ho Chi Minh City, contributing to the economic, cultural, and social development of Thu Thiem in particular, and the city in general. The key projects include: •    4 main roads in Thu Thiem New Urban: This is the most important technical infrastructure project in Thu Thiem New Urban Area which connects the functional areas of Thu Thiem New Urban. The entire project is 11.9km long, including 8 bridges and 2 viaducts.•    Central Square and Riverside Park: The project is situated on an area of 44.04 ha, in which 20.17 ha is planned for Central Square, the largest public space in Vietnam.•    Thu Thiem 2 Bridge: A cable-stayed bridge with total length of 1,465 m and the main tower of 113 meter-high. The bridge directly connects four main roads in Thu Thiem to the city center, contributing to the City's main traffic network.•    Southern Delta Project (Ecological Park): A 150.25 ha-typical ecological wetland site in the heart of the urban area, including: an ecological forest, a 6-star eco-resort, an amusement park, and a research institute.•    Sala City: Sala is a high-end eco-urban area of large scale, harmoniously planned, and modernly designed with unique commerce, services and tourist activities in Ho Chi Minh City and Vietnam. Total areas is 150.25 ha including Villas; Condominiums; Shop houses; Commercial centers - office buildings; Urban amenities.The year of 2022 was a challenging year for the real estate field when the Government continued to recheck the ability of investors. Therefore, there were many real estate projects that stopped suddenly and the real estate field also dropped seriously. Accordingly, the credit institutions also tightened the credit for real estate investors in order to guarantee safety. This causes many difficulties for the end consumers who have real demand for houses.