Hanoi approves 22,200 billion dong Hoan Kiem Lake rebuild with Sun Group as investor
First published Wed, Oct 28
Ruled paragraphs are attributed to the outlet named in them, not stated as established fact.
Hanoi's city council passed a resolution on Wednesday approving the investment policy and the investor for the project to renovate, upgrade and restructure the space around Hoan Kiem Lake and its surrounding area, turning the approved planning map into a construction scheme. The investor is Sun Group. The resolution covers the whole redevelopment zone, not a single building.1
The plan includes an underground shopping centre and a square near Hoan Kiem Lake costing 4,611 billion dong, and a new city government headquarters priced at 3,518 billion dong. The full reconstruction is put at 22,200 billion dong, with completion set for 2029.2345
Payment for the work is tied to six land plots described as prime sites totalling 7.3 hectares, according to a CafeF account of the plan. The same account names Sun Group's Mat Troi Thu Do as the vehicle appearing in the redevelopment scheme.6
Attributed claim: Figures for the programme differ between outlets. Docnhanh.vn puts the Hoan Kiem Lake reconstruction at nearly 22,230 billion dong, while the state broadcaster's portal reports the 3,518 billion dong city headquarters and a 2029 completion date. The gap is small but the totals are not identical across reports.74
Tin tức 24h reported that the load-bearing capacity of the Hoan Kiem Lake area needs to be clarified before the 22,200 billion dong project proceeds. The question was raised as the redevelopment plans were being finalised.8