Approved by the Hai Phong Economic Zone Management Board, the planning project for the land auction area designated for commercial housing construction is located on Vu Yen Island, within the Dinh Vu – Cat Hai Economic Zone.
The total planned area spans over 51.6 hectares, with more than 47 hectares allocated for land auction and approximately 4.3 hectares for transportation infrastructure. The projected population is nearly 28,000 residents.
Land use distribution includes over 45% for residential purposes, more than 40% for green spaces, and nearly 13% for internal transportation. Housing complexes will range from 8 to 30 stories, prioritizing open spaces, greenery, and gardens to maximize the scenic views of the Cam and Bach Dang rivers.
The development comprises 8 land plots (B6-NOXH-01 to B6-NOXH-08), with plans for 14 mixed-use residential towers, each standing 30 stories tall, accompanied by 1-2 basement levels depending on location.
This area benefits from the existing social and technical infrastructure provided by the previously approved Vu Yen Island Entertainment, Housing, and Eco-Park Project.
Vu Yen Island is also home to Vinhomes Royal Island, developed by Vingroup.
Notably, Vu Yen Island hosts Vinhomes Royal Island, an expansive 877-hectare project with a total investment of nearly 56 trillion VND (approximately 2.4 billion USD) by Vingroup. This development is envisioned as a modern resort island city, catering to over 33,000 residents, excluding the social housing area.
Positioned in the ultra-luxury segment, the complex features 11 subdivisions of villas, townhouses, shophouses, and a 36-hole golf course set within a riverside ecological environment. It also includes premium amenities such as VinWonders, a marina, a horse racing track, a saltwater lake, an Onsen mineral bath, Vinschool, and Vinmec.
In the market, single villas at Vinhomes Royal Island, ranging from 280 to 400 square meters, are priced between 23 and 60 billion VND. Semi-detached villas, sized 180 to 226 square meters, range from 14 to 35 billion VND. Townhouses, measuring 75 to 90 square meters, are priced at 9 to 10 billion VND, while shophouses range from 11 to 40 billion VND.
Stock Market Thrills: A Rollercoaster Ride Like No Other
The stock market witnessed a dramatic trading session on October 28th, as the VN-Index staged a remarkable turnaround. After plunging to around 1,620 points, it unexpectedly rebounded, closing above 1,680 points. This rollercoaster-like movement highlighted the emergence of bottom-fishing demand during the afternoon session, fueling a spectacular market reversal.
Vingroup Launches Vinmetal Steel Company with $430 Million Charter Capital: Meet the Two Co-Founders
On October 6th, Vingroup announced the establishment of VinMetal Joint Stock Company, marking its official entry into the metallurgy industry and further expanding its existing industrial-technology pillar.
Congo’s President and Prime Minister Discuss Collaboration with Vingroup
President Félix Tshisekedi and Prime Minister Judith Suminwa received Vice Chairwoman of Vingroup, Lê Thị Thu Thủy, and her delegation in Kinshasa. The meeting, as described by local media, signifies a pivotal moment in the partnership between the Congolese government and one of Vietnam’s leading private conglomerates, paving the way for the implementation of key projects under Prime Minister Suminwa’s government action program.
The Unique Advantage of Vingroup’s Upcoming Mega-Project Destination: Dominating 74% of Global Production for a Critical Electric Vehicle Metal
The nation where Vingroup is set to launch a groundbreaking infrastructure project stands at the heart of the global electric vehicle supply chain. It commands over 74% of the world’s cobalt production—a metal hailed as the “lifeblood” of lithium-ion batteries, an indispensable component in every modern electric vehicle.
Real Estate Stocks Underperform Expectations
The sharp decline in blue-chip stocks today (October 27) triggered a widespread sell-off across the stock market. Real estate shares were the hardest hit, with numerous stocks such as CII, GEX, CEO, and DIG plummeting to their lower limits.
