TECCO Group was granted investment policy decision by Hanoi for a trillion-dollar project

Prime Minister Nguyen Xuan Phuc attended and directed the conference with nearly 2,000 delegates.

As one of 1,300 participating enterprises, TECCO Hanoi Corporation (a unit of TECCO Group) made a strong impression when it was named in the list of investors of 229 projects that Hanoi City granted investment policy decisions on this occasion. The total investment capital of the project is nearly 1,000 billion VND (excluding land use fees) and is invested entirely by non-budgetary capital. Of which, equity capital accounts for about 20%, the rest is borrowed capital and other legally mobilized capital.

Tecco Diamond project was granted the Investment Policy Decision this time to be built on an area of ​​0.75 hectares in the land use rights auction area of ​​Tu Hiep commune, Thanh Tri district.

The project was launched in the second quarter of 2020 and is expected to be completed in the first quarter of 2022 with 665 apartments and 20 shophouses, providing accommodation for about 2,000 residents. Previously, also in Thanh Tri district, TECCO completed two apartment projects, Tecco Garden and Tecco Skyville Tower, with a total of nearly 1,500 apartments put into use. The presence of the above two projects creates a prosperous residential community, contributing to changing the appearance and infrastructure of the southern area of ​​the capital.
Sharing at the conference, Mr. Nguyen Van Loi - Chairman of the Board of Directors and General Director of Tecco Hanoi Corporation said: “Although starting out as a real estate investor from Ho Chi Minh City since 2001, Tecco Group has had the “fate” to work on many large construction projects in the capital and the northern provinces. Operating in the capital market since 2009, TECCO Hanoi has affirmed its leading reputation with management agencies. All projects have met the committed progress, fulfilling the obligation to pay the State budget thanks to abundant financial resources and project implementation capacity. Along with that is a series of “trillion” projects that are increasingly perfect in both design and quality, especially the closed management process from construction, handover, operation and warranty for any product".

Mr. Nguyen Van Loi - Chairman of the Board of Directors and General Director of Tecco Hanoi Corporation (2nd from left to right) received the Investment Policy Decision for the Tecco Diamond project.

This is thanks to the capacity and 20 years of experience in "building" the infrastructure of the Tecco Group brand with 5 affiliated corporations, 36 member companies and joint ventures operating across 18 provinces and cities (HCMC, Hanoi, Vinh, Thanh Hoa, Thai Nguyen, Lao Cai...).

Over the past two decades, TECCO Group has continuously affirmed its strong brand from the real value of each project.

In addition to residential civil works, the group has also made a resounding mark in the resort real estate market with a series of huge projects such as: 5-star resort complex "Sunbay Park Hotel & Resort" in Ninh Thuan with 3,300 rooms, with a total investment of 4,500 billion VND, expected to be put into operation in 2022. Ana Marina Nha Trang international marina with a total investment of 2,000 billion VND, is the first 5-star international standard marina in Vietnam with a capacity of up to 220 yachts. The resort chain with the famous Turkish brand - Selectum Noa in Nam Hung (Cam Ranh - Khanh Hoa) with a total investment of 1,400 billion VND has been put into operation since the end of 2019. The 5-star Hoan Cau Resort complex with a total investment of 6,000 billion VND is also being started, expected to be put into operation in 2024.

Perspective of Tecco Diamond project - a project that contributes to changing the appearance and infrastructure of Thanh Tri area.

In addition to resort real estate projects, Tecco Group is also implementing the Tecco Elite City project - the first international-class multi-utility complex in Thai Nguyen. The project has a total investment of over VND 1,600 billion with more than 2,000 apartments, expected to be handed over in the third quarter of 2021.

TECCO Group is a multi-industry corporation operating in many fields such as: Residential real estate, resort real estate, services, hydropower, stone mining, water exploitation... In which, the strongest capacity and experience must be mentioned in the construction field with more than 70 large-scale commercial and residential projects, hotels, and resorts across the country. The total investment of TECCO Group's projects is expected to be about 35,000 billion VND for the coming years.

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