Vingroup Doubles Investment in Ha Long Xanh Project to VND 456.639 Trillion

Spanning a vast 4,119 hectares across two wards, this ambitious project promises to deliver unique tourism experiences. By leveraging its prime coastal location, it aims to captivate both domestic and international visitors, inviting them to explore, discover, and immerse themselves in its distinctive offerings.

0
59

On October 17th, the Board of Directors of Vingroup Group issued a resolution approving adjustments to the Ha Long Xanh Complex Urban Area project in Tuan Chau and Ha An wards, Quang Ninh province.

The total land area for the project is approximately 4,119.23 hectares, comprising about 933.23 hectares in Tuan Chau ward and approximately 3,186 hectares in Ha An ward.

The total investment for the project is 456.639 trillion VND.

Four years ago, on October 24, 2021, the Ha Long Xanh project was launched, marking one of the largest urban development projects in Quang Ninh province in recent years.

At that time, Ha Long Xanh was envisioned as a multi-functional complex urban area, blending coastal identity with eco-resorts, golf courses, and services. Spanning 4,109.64 hectares (3,186 hectares in Quang Yen town and approximately 923.64 hectares in Ha Long city), the project borders the Hai Phong – Ha Long – Van Don expressway. It aims to accommodate a population of around 244,000. The initial estimated investment was 232.369 trillion VND.

Thus, the total investment has nearly doubled since the initial estimate.

Upon completion, the project will contribute to increasing the province’s urbanization rate, establishing a modern, smart, and environmentally friendly urban space. It will feature synchronized internal and external technical infrastructure, seamlessly connecting functional zones and social amenities. This will meet the housing and quality living space demands of local residents and neighboring areas, while also attracting investment from other regions to Quang Ninh.

You may also like

Vingroup Set to Launch New Billion-Dollar Subsidiary

Vin New Horizon boasts a chartered capital of VND 1,000 billion, with Vingroup set to contribute 65% of the company’s total capital.

Expert Insight: The “Resting” Phase is Essential—VN-Index Gearing Up for the Next Bull Run

Most experts agree that last weekend’s correction was merely a “pit stop” for the upcoming bullish waves, with the immediate target set at 1,800 points.

The Female Powerhouses Steering Vingroup Empire Alongside Billionaire Pham Nhat Vuong

Meet the formidable women leaders whose vision, talent, and unwavering determination have been instrumental in building and expanding Vingroup’s ecosystem alongside billionaire Phạm Nhật Vượng. Their exceptional leadership and strategic acumen have shaped the conglomerate’s success, leaving an indelible mark on Vietnam’s business landscape.

Week of October 20-24: VIC Subsidiary’s Nearly 5.5 Trillion VND Dividend Payment Takes Center Stage

During the week of October 20-24, only 12 companies announced dividend payouts in cash, a significant decline compared to previous weeks. Notably, the highest dividend yield reached an impressive 330%, equivalent to 33,000 VND per share.

“Cen Land Chairman Criticizes Land Speculators, Proposes Land Tax Cuts and Anti-Speculation Measures to Address Affordable Housing Shortage”

Mr. Nguyen Trung Vu believes that many current developers are merely “land traders” rather than true real estate developers, with exceptions like Vingroup and Sun Group, which create living experiences that attract millions.