European Investors and Kinh Bắc Propose $14 Billion Mega-Project in Hai Phong, Following Vingroup’s Landmark Initiative

At the meeting, Mr. Le Ngoc Chau, Chairman of the Hai Phong People’s Committee, emphasized that Hai Phong is a major seaport city with five modes of transportation, serving as the northern gateway to the sea and a key industrial, transportation, and growth hub for the Red River Delta region of Vietnam.

Hai Phong is home to the Dinh Vu – Cat Hai Economic Zone and the Southern Coastal Economic Zone, spanning over 44,500 hectares. It also boasts a Free Trade Zone covering nearly 6,300 hectares, offering unique and advantageous policies. Additionally, the city is establishing a specialized economic zone of 5,300 hectares in its western area.

As per the city’s master plan, Hai Phong has 69 industrial zones covering 18,900 hectares, with 43 already attracting investors. The city also features 104 berths at 50 concentrated ports, including Lach Huyen, Dinh Vu, Cam River, and Pha Rung terminals.

During the meeting, the Chairman highly praised the proposal by CTP Invest Ltd and Kinh Bac Urban Development Company to collaborate on the “Integrated Seaport, Airport, Logistics, and Industrial Complex” project.

For the projects proposed by CTP Invest Ltd, led by Mr. Remon Vos, Hai Phong has pledged to establish a special task force to expedite administrative procedures and provide optimal support for surveys and investment.

Mr. Remon Vos, CEO of CTP Invest Ltd, and Mr. Dang Thanh Tam, Chairman of Kinh Bac, expressed their desire for comprehensive cooperation with Hai Phong in areas aligned with the city’s future development goals.

Moving forward, CTP Invest will conduct direct surveys of the Southern Economic Zone, the Free Trade Zone, and key transportation infrastructure projects. CTP Invest Ltd aims to act as a bridge between Hai Phong and global corporations in sectors of interest, such as high technology, semiconductors, and logistics.

Both parties agreed to accelerate the progress of cooperative projects. In 2026, CTP Invest Ltd will initiate the construction of infrastructure and factories on a 30-hectare site within the Trang Due 3 Industrial Park, part of the Dinh Vu – Cat Hai Economic Zone.

Recently, Vingroup (VIC) submitted an environmental impact assessment report for the “Nam Do Son Seaport and Logistics Center” megaproject in Hai Phong.

The project, located in Kien Hai commune and Nam Do Son ward, is 12 km from Hai Phong Port and near the Hanoi – Quang Ninh expressway. It covers over 4,300 hectares, including a 1,134-hectare seaport with 21 berths and 42 piers capable of accommodating 200,000-ton ships, and a 2,880-hectare logistics area with warehouses, industrial facilities, and support services.

The total investment for this project is approximately VND 373,840 billion (around USD 14.2 billion). Vingroup is expected to contribute 15% of the total investment, with the remaining 85% to be raised externally. The project’s operational period is set at 70 years, making it one of Vietnam’s largest logistics and seaport infrastructure projects to date.