World’s Tallest Sea-Encroaching Tower Marks Triumph for Pham Nhat Vuong’s Two-Decade Visionary Project

According to the Department of Construction, this exemption streamlines the investment preparation process, enabling the investor to swiftly commence work on technical infrastructure and transportation, laying the groundwork for the initial phase of this reclaimed land urban area.

Under the amended Construction Law 2020 and Railway Law 2025, projects whose feasibility studies have been approved by specialized agencies and have detailed 1/500 scale planning or approved urban design are exempt from requiring building permits.

The Can Gio project has completed all legal procedures, including the Prime Minister’s investment decision, land allocation and adjustment decisions, detailed 1/500 scale planning, fire safety approval, environmental impact assessment, and technical design appraisal.

Vinhomes Green Paradise (Vinhomes Can Gio) is the most prominent real estate project in the Southern market, covering 2,870 hectares and designed for a population of 230,000—three times the former population of Can Gio District. However, the project’s journey to this point has spanned over 20 years of ups and downs, with moments of seeming impasse followed by unexpected turns. In 2004, Can Gio Tourism Urban Development Joint Stock Company (under Vingroup) was established, marking the first steps toward Vietnam’s largest-scale reclaimed land urban project.

After numerous adjustments in scale and planning, the project’s scope was expanded to 2,870 hectares in 2020. The investment capital was also increased to 217 trillion VND (approximately 9 billion USD). That same year, the project’s environmental impact assessment was approved, providing crucial momentum for its official groundbreaking.

On April 19, 2025—marking the 50th anniversary of the Southern Liberation and National Reunification—Vinhomes Green Paradise officially broke ground. Construction commenced immediately at a rapid pace.

The most notable feature of the nearly 2,900-hectare Vinhomes Green Paradise Can Gio coastal megacity is the 108-story tower developed by Vingroup, poised to become Ho Chi Minh City’s new iconic landmark.

Standing at 550 meters upon completion, this 108-story structure will be the world’s tallest reclaimed land building, setting a new height record for Vietnam, leading Southeast Asia, and ranking among the top 10 globally.

Once completed, the tower—alongside key infrastructure projects like the Can Gio Bridge and high-speed metro line—will create a ripple effect, boosting services, tourism, and real estate in the region.