The Viet Hung Urban Development and Investment Joint Stock Company (Vihajico) said it would begin construction of a US$8.2 billion ecological urban area in the northern province of Hung Yen in July.

Vihajico General Director Dao Ngoc Thanh said the real estate market was forecast to warm up at ecological urban areas in the years to come and that was the reason why his company poured huge investment to early catch this trend.

Covering 500 ha in Van Giang district, the Eco Park is expected to become the first ecological city in Vietnam, with almost 22 percent of its area zoned off for tree planting and lakes – the highest rate in the country’s new urban centres.

The Eco Park will feature a commercial area, an old quarter, a residential area, a golf course, lakeside villas and other areas.

Thanh said the company is now building a waterworks to ensure sufficient supply of clean water for the future urban centre, in addition to a waste water treatment plant.

Vihajico will also invest VND1.5 billion in studying a water environment control and treatment system inside the park.