Marvel at Vingroup’s $18 Billion Mega Project in Northern Vietnam, the Largest in History

Adjusting the Total Investment for the Ha Long Xanh Complex Urban Area Project

Vingroup has recently approved adjustments to the Ha Long Xanh Complex Urban Area project in Quang Ninh province, aligning it with current realities and project requirements.

Notably, the total investment has been increased to over VND 456.6 trillion (approximately USD 18 billion), nearly double the VND 232 trillion announced in 2020. This marks the largest investment in the conglomerate’s history to date.

Construction began in October 2021, with a projected 10-year timeline. Vincons Construction and Investment Development JSC, a Vingroup subsidiary, is responsible for executing the entire technical infrastructure, residential, and commercial components of the Ha Long subdivision.

The urban area is expected to accommodate approximately 244,000 residents. The total land area designated for the project is 4,119.23 hectares, comprising 933.23 hectares in Tuan Chau ward and 3,186 hectares in Ha An ward.

During an on-site inspection on October 14th, Vice Chairman of Quang Ninh Provincial People’s Committee Le Van Anh directed relevant departments and localities to closely coordinate, ensuring “land clearance and clean handover proceed in tandem.” He also urged Vingroup to accelerate phased construction, preventing prolonged vacant land that could waste resources and impact residents’ interests.

Prime Location of the Ha Long Xanh Complex Urban Area

The project’s location is strategically significant: bordered by the Ha Long – Hai Phong Expressway to the north, Hot River and Ha Long Bay to the east and south, and Chanh River to the west. Vingroup is also proposing a 350 km/h high-speed rail line connecting Hanoi and Ha Long in this area.

Incorporating the Hanoi – Ha Long high-speed rail into planning not only revolutionizes transportation infrastructure between Quang Ninh and Hanoi but also directly enhances the value of Ha Long Xanh—Vingroup’s most ambitious project to date.

With travel time from Hanoi to Ha Long reduced to just 30 minutes via high-speed rail, Quang Ninh enters a new development phase: transitioning from a “destination-based tourism city” to an “expanded living space” for Hanoi residents.

High-speed connectivity transforms Ha Long from a weekend getaway into a magnet for a new intellectual and economic demographic: experts, investors, and high-quality workers previously constrained by distance.

Thus, the 350 km/h rail line enables Quang Ninh to develop a coastal urban model linked to Hanoi’s power and financial center through a “dual operational axis”: working in the capital while residing in the coastal megacity.