Golden Rubber Joint Stock Company (SRC) has received approval from the Hanoi People’s Committee to repurpose 62,389 m2 of land, including 46 m2 of residential land, to construct a commercial and residential high-rise complex at 231 Nguyen Trai, Khuong Dinh ward. This project is part of the 2025 land use plan of Thanh Xuan district and falls under the category of 148 pilot projects for commercial housing. The estimated total investment for the project is over 18.5 trillion VND, with a planned implementation period from Q3 2025 to 2031, and an expected population of 5,900. Originally part of the Vietnam Chemical Industry Group, SRC has seen changes in shareholders, with Hoang Son Group holding 50.22% of the capital. In the first nine months of 2025, the company achieved revenue of 916 billion VND, but net profit dropped sharply to only 17 billion VND due to the absence of one-time income as in the previous year.
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