A Vinhomes Project.
The Hai Phong City electronic portal provides information that the Standing Committee of the Municipal Party Committee has just met to report and opine on two industrial parks: Ngu Phuc (phase 1) and Tan Trao (phase 1).
The two projects are considered suitable for the planning of Hai Phong City, the northern driving force, and the Lao Cai – Hanoi – Hai Phong – Quang Ninh economic corridor. They are also part of the southern coastal economic zone of Hai Phong City, approved by the Prime Minister.
The projects are conveniently connected to major transport routes, seaports, and airports, creating a premise for the development of auxiliary services, linkages, and easy attraction of high-quality human resources. At the same time, it prioritizes attracting high-tech, clean, environmentally-friendly industries with high added value, in line with the goal of developing a green industry and green growth.
Vinhomes Hai Phong JSC is expected to be the investor to implement these two projects, and the implementation time is expected to be within five years, from Q2/2025 – Q2/2030.
Hai Phong City agreed on the investment policy for the two projects and assigned relevant agencies to continue with the procedures as regulated.
Expected location for the construction of the two industrial park projects in Kien Thuy district
Previously, the city had an investment policy for the Development of Infrastructure Project for Ngu Phuc Industrial Park (Phase 1). This project has a scale of more than 238ha, located in Ngu Phuc and Kien Quoc communes (Kien Thuy district), with a total expected investment of over VND 5,670 billion.
The project’s objective is to form a new, modern industrial park with a technically invested and advanced infrastructure system that meets the long-term development requirements.
In addition, this project will attract investment in multiple sectors, prioritizing high-tech, clean, and environmentally-friendly fields to increase added value and sustainable development. It is expected to create over 10,000 new jobs, positively contributing to solving employment issues, increasing income for the people, and promoting socio-economic development in the southern area of Hai Phong City.
Regarding the investment policy for the Development of Infrastructure Project for Tan Trao Industrial Park (Phase 1) with a scale of more than 226ha in Tan Trao and Kien Quoc communes and a total expected investment of over VND 4,000 billion.
The objectives of these projects are to attract investment in multiple sectors, create jobs, and contribute to industrial development, thereby promoting the socio-economic development of the city.
A Vinhomes project.
Vinhomes Hai Phong is a subsidiary of Vinhomes JSC (VHM) within the Vingroup ecosystem, chaired by billionaire Pham Nhat Vuong. This enterprise has a chartered capital of VND 15,160 billion, with Vinhomes holding 100% of the voting rights.
Regarding business activities, in the first quarter of 2025, Vinhomes recorded a consolidated net revenue of VND 15,698 billion. The consolidated net revenue, including revenue from cooperation contracts and bulk sales recorded in financial revenue, reached VND 19,269 billion, equivalent to a 124% growth compared to the same period last year. Consolidated post-tax profit reached VND 2,652 billion, up 193% over the same period.
Sales and uninvoiced sales at the end of Q1 reached VND 35,000 billion and VND 120,000 billion, up 116% and 7%, respectively, compared to the same period last year.
This success is mainly due to the positive business results from large urban projects, especially Vinhomes Wonder City in western Hanoi, launched in mid-March.
As of March 31, 2025, Vinhomes’ total assets and owners’ equity reached VND 561,504 billion and VND 223,396 billion, respectively.
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