Vinhomes Green Paradise (Vinhomes Can Gio) is the most talked-about real estate project in the Southern market, spanning 2,870 hectares with a population capacity of 230,000—triple the former population of Can Gio district. Photo: PQR.
However, the journey to this point has spanned over 20 years of ups and downs, with moments that seemed like dead ends but ultimately led to unexpected turns.
In 2004, Can Gio Urban Tourism Joint Stock Company (under Vingroup) was established, laying the foundation for Vietnam’s most ambitious land reclamation urban project.
After numerous adjustments to scale and planning, the project was approved in 2020 with an expanded area of 2,870 hectares. The investment capital was also increased to 217 trillion VND (over 9 billion USD).
That same year, the project’s environmental impact assessment report was approved, providing crucial momentum for the official groundbreaking.
On April 19, 2025, marking the 50th anniversary of the liberation of the South and national reunification, Vinhomes Green Paradise officially broke ground.
Construction began immediately after the groundbreaking ceremony.
Advanced construction methods and wastewater treatment systems meeting Vietnam’s highest standards were implemented during the project’s development.
Hundreds of barges, excavators, and trucks were mobilized for land reclamation, land leveling, and material transportation. Within just over 5 months, the groundwork was largely completed.
The most prominent feature of the nearly 2,900-hectare Vinhomes Green Paradise Can Gio is the 108-story tower developed by Vingroup, set to become a new symbol of Ho Chi Minh City.
Standing at 550 meters tall upon completion, the 108-story tower will be the world’s tallest land reclamation building, the tallest in Vietnam, and among the top 10 globally.
Upon completion, the tower, along with key infrastructure like the Can Gio Bridge and high-speed metro line, will create a ripple effect, boosting services, tourism, and real estate in the region.
In addition to the 108-story tower, Vinhomes Green Paradise Can Gio features the Blue Waves Theatre, designed by Gensler, covering 7 hectares with a 5,000-seat auditorium and a plaza accommodating up to 60,000 people.
The project also includes two 18-hole golf courses and a 122-hectare entertainment and tourism complex featuring a beachfront artificial lake, theme park, safari, and a 30,000 m² indoor snow zone.
To enhance connectivity to Vinhomes Green Paradise Can Gio, Vingroup has proposed a 48.5 km metro line with a budget of nearly 3 billion USD, connecting District 7 to Can Gio at speeds of up to 350 km/h.
Vingroup has also proposed a 15 km sea-crossing road connecting Can Gio to Vung Tau, part of the Southern coastal road linking Tien Giang, Can Gio, Dong Nai, and Ba Ria – Vung Tau.
Not only did it take 21 years to pursue Vinhomes Green Paradise Can Gio, but billionaire Pham Nhat Vuong also spent decades on other mega-projects. These include Vinhomes Wonder City (13 years for legal completion), Vinhomes The Gallery (11 years of unpredictable challenges), 13 years envisioning the Ocean City coastal urban complex, and 10 years transforming Vinhomes Royal Island from a wilderness into a world-class “billionaire’s island.”
According to Prof. Dang Hung Vo, former Deputy Minister of Natural Resources and Environment, Vingroup’s story is not unique but reflects a widespread issue in the market. With fragmented management, projects typically take 5-7 years to complete legal procedures. For mega-projects spanning hundreds or thousands of hectares, this timeline can double or triple.
“Even Vingroup, known for its precision and speed, takes a decade to complete a project. This ‘blood clot’ is causing prolonged supply congestion in the market,” emphasized Prof. Vo.
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