|Project Details||The EcoPark Satellite City Project was approved by former Deputy Prime Minister Nguyen Tan Dung in 2004 . The purpose of the project is to create a large residential zone with around 20,000 residential units as well as luxury facilities such as a golf course, around 20 km Southeast of Hanoi, well-connected via urban transport. It is among the largest infrastructure projects in Northern Vietnam. Total project area amounts to 499.9ha and total investment size, required for its 9 phases of construction, was reported to amount to 8.2 billion USD .|
The Ecopark is developed by Viet Hung Urban Development and Investment J.S.C (VIHAJICO), a joint venture of the following Vietnamese Companies: AA Construction Architecture Joint Stock Company (AA Corporation); ATA Architects Co., Ltd; Nam Thanh Do Construction Consultants J.S.C; Thanh Nam Construction and Investment J.S.C; Duy Nghia Co., Ltd; Phung Thien Trading Co., Ltd; Nam Thanh Tourism and Commerce J.S.C; Bao Tin Trading Co., Ltd. .
The contractor company for the first phase, the construction of the Rung Co Apartments, was Vietanmese CotecCons. First phase was completed in late 2011 .
No information on the sources of loans and credits could be found. Vietcombank supports customers who want to buy apartments in the EcoPark with especially low interest rates .
More than 4,000 families have to be evicted for the EcoPark Satellite City Project . According to newspaper reports, around 1,700$ were offered for each 360m2 plot, which according to villagers is inadequate .
|Project Area (in hectares)||500|
|Level of Investment (in USD)||8,200,000,000|
|Type of Population||Semi-urban|
|Potential Affected Population||4000 families (an estimated 15,000 to 20,000 people) to be evicted|
|Company Names or State Enterprises||Viet Hung Urban Development and Investment J.S.C (VIHAJICO) (VIHAJICO) from Vietnam - construction, property development|
AA Construction Architecture Joint Stock Company (AA Corporation) (AA Corporation) from Vietnam - property development
ATA Architects Co. Ltd. (ATA) from Vietnam - construction, property development
Nam Thanh Do Construction Consultants J.S.C from Vietnam - construction, property development
Thanh Nam Construction and Investment J.S.C from Vietnam - construction, property development
Duy Nghia Co., Ltd from Vietnam - property development
Phung Thien Trading Co., Ltd from Vietnam - property development
Nam Thanh Tourism and Commerce J.S.C from Vietnam - tourism, property development
Bao Tin Trading Co., Ltd. from Vietnam - construction, trading
COTECCONS Group from Vietnam - construction
|Relevant government actors||Vietnamese (Deptuty) Prime Minister Nguyen Tan Dung|
|International and Financial Institutions||Vietcombank from Vietnam - banking, finance, investment|
|Environmental justice organisations and other supporters||Urban internet activists supported the protests; Vietnamese Fatherland Front cooperated in protests|