Vietnam has one of the fastest growing economies in the world (PwC 2017) and XnTREE have signed the MOU in early 2020 for an urban regeneration project (Brownfield project) that targets the Hoan Kiem District in Hanoi. We are also currently in the process of working on a New Urban Development (Greenfield project) that targets Ecopark, the new residential city outside of Hanoi.
Hoan Kiem, approximately 530ha of space, is a part of the old city and a popular tourist destination spot. In particular, Hoan Kiem is the cultural centre of Hanoi and North Korea – US Hanoi Summit was held here in 2019. The estimated budget for the urban regeneration is approximately US$1 billion.
The Ecopark development project, which we are looking to work on in the future with one of our partners to bring innovation to the area, is an Urban township development on the outskirts of Hanoi. It has over 500ha of space and the project is looking to raise an estimated investment capital of over US$8.2 billion. The entire development, divided into nine construction phases, is expected to complete in an 18-year period.