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On the afternoon of May 6, 2026, DXMD Vietnam—the project implementer of Fenica—signed a strategic cooperation agreement with distribution partners in the southern market, marking a significant step toward bringing Fenica, a TOD apartment project near Metro Line 1, to market.
The “Fenica project distribution cooperation signing ceremony” took place on May 6, 2026 at Le Méridien Saigon. Attendees included the investor Phuong Hoang, project investment partner Dalat Realco (DLR), the project implementation unit DXMD Vietnam, and leading distribution partners.
The event is positioned as an important starting point for Fenica’s official market debut, with a concept focused on a living environment designed for younger buyers seeking a balance between work and life. It also highlights coordination among the investor, the implementing unit, and distribution partners to build a product aligned with real market needs and sustainable value.
DXMD Vietnam said the collaboration is intended to ensure suitable financing and sustainable value for Fenica, with the project expected to be quickly welcomed by the market and become a serious option for both investors and end-users in the northeast area of Ho Chi Minh City.
In remarks at the ceremony, Mr. Nguyen Ngoc Tien, Deputy General Director of the Business & Marketing Division at DXMD Vietnam, stated: “With this collaboration, we believe Fenica will have suitable financing and sustainable value; it will be quickly welcomed by the market and become a serious option for both investment and end-user in the northeast area of Ho Chi Minh City in the coming time.”
Fenica is described as a “factory-new” TOD apartment project by Phuong Hoang, implemented by DXMD Vietnam, targeting younger customers seeking a housing-for-life or investment product in the northeast of Ho Chi Minh City.
Located in a fast-growing northeast development area, Fenica benefits from accelerating infrastructure. The project is near An Phu metro station and S12 on Line 1 (the New City – Suoi Tien Metro Line, also known as the Ben Thanh – Suoi Tien extension), enabling residents to reach external amenities and the administrative center in about five minutes.
Fenica is also adjacent to An Phu Roundabout, a strategic junction where My Phuoc–Tan Van, Beltway 3, DT743, and the Ho Chi Minh City – Thu Dau Mot – Chan Thanh expressways converge. The area is being upgraded with flyovers, tunnels, and widened roads.
Beltway 3 is expected to serve as a regional connector for the Southeast region. Phase 1 is expected to be completed in 2027, with expansion to eight elevated highway lanes following Resolution 1697/QĐ-TTg. The project’s positioning is presented as enabling connections to eastern Ho Chi Minh City, Đồng Nai, and western, northwestern, and Tay Ninh areas without passing through the urban core—supporting demand from buyers with frequent travel and inter-provincial schedules.
Fenica is located on Tran Quang Dieu street, Tan Dong Hiep ward, with a frontage of up to 22m, supporting internal connectivity and strengthening the project’s location value.
Regarding progress, the basement B2 has been completed, the B1 basement slab is under construction, and the project is expected to cap the basement in May 2026.
The project also plans a range of internal amenities, including a commercial area, swimming pool, landscaped park, outdoor BBQ area, gym, community hall, and daycare.
Fenica is offering a payment method described as more affordable for current market conditions. Under the plan, customers pay 10% to sign the purchase contract, an additional 10% after two months, and the remaining balance through monthly payments of 6 million dong, without requiring a bank loan.
Phuong Hoang stated that Fenica is being developed with an emphasis on progress and quality from the outset, adding that in a volatile market, commitments to customers—covering construction progress, transparent legal matters, and favorable payment policies—are central to the project’s approach.
With support from strategic distribution partners, Fenica is expected to gain momentum following the signing milestone, with an anticipated official market launch in Q2 2026. The project is positioned as a notable option in the Northeast Ho Chi Minh City area where value-for-money living and long-term growth potential are expected to converge.
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