Vietnam Set to Launch $14.1 Billion Mega Coastal Project Spanning 4,300 Hectares, Proposed by Vingroup

Hai Phong Prepares for Vingroup’s $14 Billion Super Port and Logistics Hub

Recently, Vingroup Joint Stock Company submitted an environmental impact assessment report for the Nam Do Son Port and Logistics Center Project, one of Vietnam’s largest infrastructure and logistics projects to date.

The project is divided into three key investment phases. From 2027 to 2030, the investor will allocate approximately VND 29.1 trillion to construct two 900-meter-long berths and a port backend system, while developing a 536-hectare logistics hub and a 3.9 km shared access road.

From 2031 to 2035, the project will add 22 berths, completing the backend area and expanding the logistics infrastructure to 1,876 hectares.

By 2036–2040, an additional 18 berths will be constructed, bringing the total to 42 berths—a scale rarely seen in the region.

Upon completion, the super port complex will handle 2 million TEUs by 2030, increasing to 24 million TEUs by 2035, becoming a strategic cargo hub for Northern Vietnam and the entire country.

Boosting Hai Phong’s Role as a New Growth Engine for the Maritime Economy

The Nam Do Son Port and Logistics Center Project, with its $14 billion investment, is a significant boost to Vietnam’s port system. Spanning over 4,300 hectares and capable of developing up to 42 berths, the project positions Hai Phong as one of Asia’s largest cargo hubs.

With a design capacity of 24 million TEUs by 2035, the project propels Vietnam’s maritime transport capabilities, enhancing its competitiveness in the global supply chain.

Beyond its transport infrastructure role, the project strengthens Hai Phong’s position as a strategic growth hub in Northern Vietnam. Already a key import-export gateway, the city will further enhance its capacity to handle large vessels, expanding its urban, port, and industrial development. Nam Do Son’s growth will integrate seamlessly with the Hanoi–Hai Phong–Quang Ninh economic triangle, forming a comprehensive logistics corridor.

Nationally, the project is crucial in reducing logistics costs, which currently account for a significant portion of Vietnam’s GDP. A large-scale super port and logistics hub in Northern Vietnam will significantly shorten transport times, improve cargo handling efficiency, and reduce reliance on international transshipment points.

This not only enhances the competitiveness of exported goods but also positions Vietnam as a deeper participant in the global production and trade network.

The project also creates a ripple effect in attracting foreign investment, particularly amid the ongoing global supply chain shift. A modern deep-water port combined with a nearly 3,000-hectare logistics hub is an ideal condition for multinational corporations to establish distribution centers, auxiliary industrial zones, and high-tech factories.

Thus, Nam Do Son is not just an infrastructure project but a catalyst for the entire Northern maritime economic ecosystem.

For Vingroup, the project marks a strategic shift from real estate to infrastructure, logistics, and industrial development, aligning with its vision to become a diversified enterprise with broad impact. Investing in a multi-billion-dollar project underscores the group’s commitment to shaping Hai Phong’s future and advancing its integrated urban-industrial-infrastructure development strategy.

Finally, the Nam Do Son super port project will create tens of thousands of direct and indirect jobs, driving local socio-economic development. From construction and operations to logistics, trade, and urban services, the entire region will benefit from the expanded value chain. This significantly contributes to Vietnam’s Maritime Strategy 2030–2045, bringing the nation closer to becoming a strong maritime power.