On August 19, 2025, Hoa Phat commenced construction of a worker housing and social housing project at Yen My II Industrial Park, Hung Yen Province. Covering 31 hectares, the project will include 27 apartment buildings with approximately 9,000 units, 250 commercial townhouses, along with a system of utilities and social infrastructure. It will provide accommodation for workers at Yen My II Industrial Park, other industrial parks across Hung Yen Province, as well as local residents.

Mr. Nguyen Manh Hung, Deputy Secretary of the Provincial Party Committee and Chairman of the Vietnam Fatherland Front Committee of Hung Yen Province, together with delegates and Hoa Phat’s leadership, pressed the button to launch the groundbreaking ceremony.

The groundbreaking ceremony was attended by Mr. Nguyen Manh Hung, Deputy Secretary of the Provincial Party Committee and Chairman of the Vietnam Fatherland Front Committee; leaders of the Provincial People’s Committee and People’s Council; and representatives of provincial departments and agencies in Hung Yen Province. From Hoa Phat Group, participants included Mr. Hoang Quang Viet, Member of the Board of Directors of Hoa Phat Group and Chairman of Hoa Phat Real Estate Development JSC; Ms. Nguyen Thi Thao Nguyen, Deputy CEO of Hoa Phat Group; and Mr. Tran Kien Cuong, Director of Hoa Phat Yen My Urban Development JSC.

Perspective rendering of the worker housing and social housing project at Yen My II Industrial Park, Hung Yen Province

The project is located in Yen My Commune, adjacent to Yen My II Industrial Park, bordering National Highway 39A and Provincial Road DT.200, and just 6 km from National Highway 5A. It is also 4 km from the Hanoi – Hai Phong Expressway interchange, providing convenient access to Hai Phong Port and major economic hubs in Northern Vietnam. The site is 30 km from downtown Hanoi and 25 km from Gia Binh International Airport. Its synchronized transportation infrastructure ensures shortened travel times, smooth trade connections, and enhanced investment appeal.

Perspective rendering from the top view

According to the master plan, the project will feature 27 apartment buildings of up to 11 floors, with a total construction floor area of nearly 580,000 m². Apartments range from 36 to 70 m² with layouts from one to three bedrooms. The commercial townhouse zone, with a maximum height of five floors, will cover more than 2.3 hectares. Approximately 1.9 hectares will be dedicated to a central park with children’s playgrounds, jogging tracks, a square, sports areas, camping and BBQ sites, and a lake. Pedestrian streets will run along low-rise blocks, while each apartment cluster will be equipped with shared community spaces such as a public library, playgrounds, walking paths, and utility services. Social infrastructure will include a cultural house (over 2,000 m²), healthcare facilities (nearly 6,000 m²), schools (11,200 m²), and a commercial-service area (over 4,500 m²). Speaking at the ceremony, Mr. Nguyen Hung Nam, Vice Chairman of Hung Yen Provincial People’s Committee, emphasized: “The worker housing and social housing project at Yen My II Industrial Park marks an important milestone in the province’s development. It demonstrates the joint efforts of the government, enterprises, and citizens to improve workers’ welfare. The project will provide stable, well-equipped housing, enabling workers to settle down, enhance productivity, and directly contribute to economic growth. Hung Yen Province will continue to create favorable conditions for the project to be implemented on schedule with assured quality and efficiency.”

Mr. Nguyen Hung Nam, Vice Chairman of the Provincial People’s Committee, speaking at the groundbreaking ceremony

Mr. Tran Kien Cuong, Director of Hoa Phat Yen My Urban Development JSC, shared: “The Yen My II worker housing and social housing project is Hoa Phat’s concrete step in response to the Government’s program to develop at least one million social housing units by 2030. We are committed to ensuring timely progress, quality, and technical standards, building a modern living environment with synchronized amenities to meet long-term housing needs of industrial workers and local residents. With strong support from authorities and relevant agencies, the project will contribute to infrastructure development and socio-economic growth in Hung Yen upon completion.”

Mr. Tran Kien Cuong, Director of Hoa Phat Yen My Urban Development JSC, speaking at the event

The first apartment buildings are expected to be completed and handed over in June 2027, addressing urgent housing needs and improving the living standards of workers and local communities.

Panoramic view of the groundbreaking ceremony for the worker housing and social housing project at Yen My II Industrial Park

Machinery and equipment at the groundbreaking ceremony for the worker housing and social housing project at Yen My II Industrial Park

Previously, Hoa Phat had invested in urban real estate projects in Hanoi, including Mandarin Garden 1 & 2, 70 Nguyen Duc Canh Apartment Building, and 257 Giai Phong Building. All of these projects, located in prime areas, have high liquidity and are highly regarded for their quality. Hoa Phat Group’s real estate strategy focuses on developing industrial park infrastructure in parallel with green and sustainable social housing for workers, particularly in Vietnam’s dynamic economic growth regions.

HPG News