Hoang Huy (TCH) Gets 16,177 m² Clean Land for 3,180B VND Project in Hai Phong

Overview

Hai Phong City has officially allocated 16,177 m² of clean land to Hoang Huy Investment Service Financial Joint Stock Company (TCH) for a mixed-use project at 150 To Hieu, with total investment of about 3,180 billion VND. The decision marks a key milestone for TCH, which is ramping up several real estate projects in the city.

Key Facts

• The land area of 16,177 m² is located in Le Chan ward, Hai Phong, and was handed over under Decision 3216/QD-UBND dated August 12, 2026.
• The project includes a 40-story tower with 3 basement levels, combining residential, commercial, and service functions.
• Total investment is approximately 3,179 billion VND, including 2,764 billion VND in construction costs and 415 billion VND in compensation and site clearance.
• The land is divided into 11,011.7 m² for residential and commercial use, 778.7 m² for adjacent housing, 543.8 m² for green space, and 3,842.9 m² for transport, with the latter two allocated free of charge.
• The land use term is 50 years from the date of the allocation decision.
• Construction must be completed within 60 months from the date of the land allocation decision.
• The project achieved 100% clean land status on April 15, 2026, after the last household received compensation.

What Happened

The People’s Committee of Hai Phong City issued a decision to allocate 16,177 m² of land in Le Chan ward to Hoang Huy (TCH) for the construction of a mixed-use urban renovation project. The land, located at lots OTM2-1, N2-3, and CX2-4 in the A2 street block, has been fully cleared and is ready for development. The project, known as 150 To Hieu, will feature a 40-story building with three basement levels, serving residential and commercial purposes.

According to the investment approval documents, the total investment is over 3,179 billion VND, with construction costs estimated at 2,764 billion VND and compensation costs at 415 billion VND. The land allocation decision follows the completion of compensation and site clearance, which was finalized on April 15, 2026, when the last household received payment. At the annual general meeting on July 24, 2026, TCH’s management confirmed that the project had completed compensation and was finalizing legal procedures to begin construction.

Market Context

TCH is listed on the Ho Chi Minh Stock Exchange (HOSE) and closed at VND 13,000 on August 25, 2026, down 0.38% with a trading volume of 6.9 million shares. The company is actively developing several projects in Hai Phong, including Hoang Huy Green River, Hoang Huy New City II, and Hoang Huy Commerce - H2. The land allocation for 150 To Hieu is a positive step for TCH, as it moves from the preparation phase to the construction and sales phase, which could support revenue growth in the coming years.

Strategic Significance

The 150 To Hieu project is strategically important for TCH as it expands its presence in the central urban area of Hai Phong, a key market for the company. The project’s mixed-use nature, combining residential and commercial space, aligns with the city’s urban development plans and could generate steady cash flows from both sales and rental income. For long-term investors, the successful land handover reduces project execution risk and sets the stage for TCH to capitalize on the growing demand for housing and commercial space in Hai Phong.

What to Watch

• Commencement of construction at 150 To Hieu, expected within the next few months.
• Sales launch and pre-sales performance for the project, likely in 2027.
• Progress on other TCH projects in Hai Phong, such as Hoang Huy Green River and Hoang Huy New City II.
• Quarterly financial results to gauge the impact of project development on TCH’s revenue and profit.
• Any regulatory changes or delays in the 60-month construction timeline.