Real Estate Project Worth Over 4,500 Billion VND by Duc Giang Chemicals Approved After 5 Years of Waiting

On November 12, 2025, the Hanoi People’s Committee approved the investment for the Duc Giang Integrated Public Works, School, and Housing Complex project, executed by Duc Giang Chemical Group (DGC). The project has a total investment of 4.5 trillion VND and will be implemented from 2025 to 2030. It includes 60 townhouses, 880 apartment units, and 1.1 hectares for a school along with commercial services. DGC estimates a net profit of 413 billion VND in 2027, potentially reaching 1 trillion VND by 2028. Chairman Dao Huu Huyen emphasized that this project is not a long-term strategy for real estate but rather a way to utilize available land. DGC continues to focus on chemical production while also enhancing investments in other industrial facilities like the Nghi Son Chemical Industrial Park.