Hai Phong: Vietnam’s Dynamic Northern Port City
Hai Phong, the vibrant northern port city of Vietnam, is undergoing a significant transformation, thanks to the presence of leading private economic groups, with Vingroup being the most prominent.
With its strategic and large-scale investment approach, Vingroup has continuously expanded its presence in Hai Phong in recent years, playing a crucial role in developing modern urban areas, advancing industrial infrastructure, and promoting high-tech and clean energy sectors in the city.
In its latest move, Vingroup has approved a resolution to invest in the Nam Do Son Port and Logistics Center project. The total investment is estimated at approximately VND 373,841 billion (around USD 14.28 billion). The project is planned to be implemented in three phases, with the first phase costing VND 29,108 billion from 2026 to 2030, the second phase VND 206,272 billion from 2031 to 2035, and the third phase VND 138,461 billion from 2036 to 2040.
Vinhomes’ Prominent Projects
Vinhomes Imperia Hai Phong is a high-end integrated urban area situated on a 78.5-hectare site. The project comprises 1,480 low-rise residences, including detached villas, twin villas, terraced houses, boutique houses, and mansions, with a construction density of approximately 34%.
The project includes a 45-story hotel and office tower, Vinschool, Vincom Plaza (approximately 20,000 sq. m), a light square, an internal park, and outdoor sports facilities for modern residents.
Vinhomes Imperia commenced construction in 2017 and was handed over to customers at the end of 2018. While the exact total investment amount has not been officially disclosed, forecasts and averages from similar projects indicate that the investment could reach thousands of billions of VND.
Vinhomes Marina (Cau Rao 2) is a premium urban area developed by Vingroup – Vinhomes Joint Stock Company. Spanning 49.2 hectares, with a construction density of about 29%, the project comprises 1,153 low-rise residences, including detached villas, twin villas, terraced houses, and shophouses.
The project was launched in Q3 2018, officially introduced to the market on December 10, 2018, and completed and handed over in February 2020. The total investment in this project is approximately VND 4,636 billion.
Vinhomes Marina stands out with its Mediterranean design style, featuring a 7.2-hectare central lake, scenic roads such as the Avenue of Lights and the Love Bridge, the Santorini floating restaurant, and high-end internal utilities such as a multi-sport court, outdoor swimming pool, Vincom commercial center, Vinschool, and the adjacent Vinmec Hospital.
Vinhomes Royal Island (also known as Vinhomes Vu Yen) is a large-scale eco-urban and resort project by Vingroup on Vu Yen Island, Hai Phong, spanning approximately 877 hectares, with a total investment of up to VND 55,870 billion (equivalent to USD 2.4 billion).
The project is planned with about 7,000 villas, over 3,500 adjacent houses, a 50-hectare social housing area, a 36-hole golf course spanning 160 hectares, and a range of high-class utilities such as VinWonders, Vincom Megamall, a marina, Vinschool, and Vinmec Hospital. Construction began in 2020, with Vinhomes Royal Island launched in March 2024 and expected to be handed over in 2025.
To connect Vu Yen Island to the mainland, the May Chai Bridge is a key transportation project in Hai Phong. This bridge has infrastructural and strategic significance, serving the seamless connection of the entire Vu Yen Island urban area to the city center. The project has an estimated investment of VND 1,900 billion, with Vingroup as the main investor.
Vinhomes Golden City is located in Hoa Nghia ward, Duong Kinh district, and Dong Phuong and Dai Dong communes, Kien Thuy district, Hai Phong city. This 240-hectare project is the fourth urban area in Hai Phong to bear the Vinhomes brand.
Spanning an area of approximately 216-240 hectares, with a total investment of about VND 23,000 billion (USD 1 billion), Vinhomes Golden City is expected to accommodate nearly 48,000 residents, with a construction density of about 27-30%. As of March 2025, the project is in the large-scale land leveling phase, with about 60% of the area completed to ensure timely implementation.
Industrial Parks, Factories, and Seaports
One of Vingroup’s most notable projects in Hai Phong is the VinFast automobile manufacturing complex in Dinh Vu Industrial Park, Cat Hai district. Construction began in late 2017, focusing on producing cars with internal combustion engines, electric cars, and electric motorcycles.
The factory covers an area of approximately 335 hectares and consists of five main workshops: body pressing, assembly, painting, engine production, and chassis production. Phase 1 of the factory has a design capacity of 250,000 vehicles per year, increasing to 500,000 vehicles per year in phase 2, with an estimated output of 38 vehicles per hour. The total investment in this project amounts to USD 1.5 billion.
Lach Huyen Deep Sea Port is Vietnam’s first international gateway port in the northern region, located on Cat Hai Island, Hai Phong city.
To serve export activities, it has been proposed to invest in additional berths from berth 9 to berth 12 at Lach Huyen Port. The project is owned by Lach Huyen Port Investment Joint Stock Company (under the Vingroup ecosystem) with a scale of nearly USD 1 billion. It includes the construction of four new container berths, aiming to form a modern port capable of receiving large vessels ranging from 12,000 to 18,000 TEUs.
With a very large total area, ranking among the top container ports in Vietnam, the Lach Huyen port area promises to become an essential international cargo transshipment hub in the northern region.
The factory is located in the Tan Trao Industrial Park, which covers an area of approximately 226 hectares. The project owner is Vinhomes Hai Phong Industrial Park Investment Joint Stock Company, with a total investment of about VND 4,000 billion.
In addition, the Ngũ Phúc Industrial Park (Phase 1) is one of the two key industrial park projects approved by Hai Phong city on June 2, 2025. With a scale of more than 238 hectares and a total investment of over VND 5,670 billion, the project is owned by VHIZ Hai Phong, a subsidiary of Vinhomes/Vingroup.
The project is planned to be implemented within five years, from Q2 2025 to Q2 2030. The site clearance and investment preparation phase will take place before Q1 2026, and infrastructure construction will be carried out from Q1 2026 to Q2 2030.
With a total investment of nearly USD 22 billion in the above projects, Vingroup is the largest private investor in Hai Phong, spanning real estate, industry, energy, and infrastructure sectors, significantly contributing to the city’s development as a northern economic hub.
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