Billionaire Pham Nhat Vuong’s Vingroup to Commence Vietnam’s Largest Mega Port Project with $14.2 Billion Investment in Hai Phong by Early 2027

Unveiling the Nam Đồ Sơn Port and Logistics Hub, a mega-project spanning over 4,300 hectares, poised to redefine the region's logistics landscape. This transformative development promises to be a game-changer, offering unparalleled connectivity and efficiency in cargo handling and transportation.

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Vingroup Corporation (VIC) has recently submitted an environmental impact assessment report for the mega-project “Nam Do Son Port and Logistics Center” in Hai Phong, Vietnam.

The project is located in Kien Hai Commune and Nam Do Son Ward, Hai Phong City, just 12 km from Hai Phong Port and close to the highway connecting Hanoi and Quang Ninh.

Spanning over 4,300 hectares, the project includes a 1,134-hectare port area with 21 berths and 42 piers capable of accommodating large vessels up to 200,000 tons. The logistics center covers nearly 2,880 hectares, featuring industrial facilities, warehouses, and supporting infrastructure.

With a total investment of approximately VND 373.84 trillion (USD 14.2 billion), Vingroup plans to contribute 15% of the total investment, while the remaining 85% will be raised through external funding. The project is set to operate for 70 years, making it one of Vietnam’s largest logistics and seaport infrastructure projects to date.

Project location on the map.

Vingroup plans to commence construction in early 2027, divided into three phases. Phase 1, from 2026 to 2030, involves an investment of VND 29.108 trillion, including two piers with a total berth length of 900 meters and a 535-hectare logistics center.

Phase 2, from 2031 to 2035, will see an investment of VND 206.272 trillion, adding 22 piers, a comprehensive backend system, and expanding the logistics center to 1,876 hectares.

Phase 3, from 2036 to 2040, with an investment of VND 138.461 trillion, will include 18 additional piers, with operations expected to begin in 2038.

In Hai Phong, Vingroup is also developing several large-scale projects in manufacturing, real estate, and industrial zones. Notably, the VinFast automobile factory in Cat Hai Island Industrial Park has a total investment of USD 1.5 billion.

In real estate, Vinhomes is executing four major urban projects. These include Vinhomes Imperia (Hong Bang District), a 78.5-hectare urban area with an investment of nearly VND 5 trillion; Vinhomes Marina (Le Chan District), a 49.2-hectare eco-urban area along the Cam River; Vinhomes Royal Island (Vu Yen Island), an 870-hectare luxury resort urban area with an investment of USD 2.4 billion; and Vinhomes Golden City (Duong Kinh District and Kien Thuy District), a 240-hectare urban project with an investment of over VND 23 trillion.

Additionally, in the industrial real estate sector, Vingroup plans to start construction on the Tan Trao and Ngu Phuc Industrial Zones (Phase 1) in the southern coastal economic zone of Hai Phong in early 2025.

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