Billionaire Pham Nhat Vuong to Build $380 Million International Port in Ha Tinh

The People's Committee of Ha Tinh Province has officially approved the investment policy for the Son Duong International Port project, granting it to Vinhomes Ha Tinh Industrial Zone Investment Joint Stock Company.

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The Son Duong International Port Project is set to be developed in Vung Ang Ward (formerly part of Ky Anh Town), spanning a total area of approximately 123.5 hectares. The land use breakdown includes 36.53 hectares for port construction, 81.36 hectares of sea area, and 5.62 hectares allocated for connecting transportation infrastructure.

Technically, the investor will construct three berths with a combined length of 1,050 meters. Supporting infrastructure comprises warehouses, ship berthing areas, turning basins, and auxiliary facilities, enabling the port to accommodate general cargo and container vessels of up to 100,000 DWT. The port’s designed capacity ranges from 9.04 to 11.3 million tons of cargo annually.

The total investment is estimated at VND 8,866 billion. The project’s operational period is 70 years from the date of land allocation and lease approval. According to the announced timeline, construction is slated to begin in 2026, with completion and commercial operations commencing in Q2/2028.

The primary objective is to complete the Son Duong Port as per the national seaport master plan, providing cargo handling, transportation, and storage services for industrial zones in Ha Tinh and neighboring regions, including Laos. Son Duong Port benefits from its natural deep-water advantage and proximity to international shipping routes.

VinFast Ha Tinh Automobile Assembly Plant

Vingroup’s investment in deep-sea port infrastructure aligns with its expanding presence in the Vung Ang Economic Zone through key industrial projects. Previously, in late 2021, Vingroup launched the VinES battery factory, and most recently, in June 2025, the 360,000 m² VinFast Ha Tinh Automobile Assembly Plant was inaugurated after seven months of construction.

Acquiring deep-sea port infrastructure is a strategic move to streamline the supply chain and optimize logistics costs for the conglomerate’s industrial operations in North-Central Vietnam.

Locally, as of Q3 this year, Ha Tinh has attracted 28 new investment projects. Foreign direct investment (FDI) includes three projects with a combined registered capital of over USD 14.4 million. Notably, domestic investment has surged, with project numbers increasing 1.5 times and registered capital rising sevenfold compared to the same period last year.

The Ha Tinh Provincial People’s Committee has tasked the Department of Finance and relevant agencies with guiding investors through legal procedures. Additionally, the Vung Ang Ward People’s Committee has been directed to handle land clearance and resettlement to ensure project timelines are met.

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