The project would cover 268 hectares in the three communes of Tam Xa, Vinh Ngoc and Xuan Canh in the rural district of Dong Anh.
It is part of the city’s master planning by 2030 and a vision until 2050.
The project is expected to provide 12,833 apartments, houses and villas for roughly 38,500 people.
Some VND2.09 trillion will be used for site clearance and compensation.
Businesses which can have a minimum of VND1.59 trillion and have experience in carrying out the same projects can apply to be project investor. The application needs to be before June 29.
Dong Anh will be turned into an urban district in the coming time.
A USD4.2 billion smart city project spanning over 270 ha by the Red River is also underway in Dong Anh.
The project was started in November last year and was scheduled to be finished in May 2032.
