Deputy Prime Minister Nguyen Chi Dung (right) and Mr. Pham Nhat Vuong (left) at the groundbreaking ceremony of Vingroup’s Can Gio Coastal Urban Area project in April 2025.
On December 19th, approximately 232 projects and constructions will be simultaneously launched and inaugurated to celebrate the 14th National Congress of the Communist Party of Vietnam.
Among these projects, Vingroup’s ecosystem (stock code: VIC) stands out with a series of large-scale initiatives, ranging from urban developments and industrial zones to transportation infrastructure.
First is the Ha Long Xanh Complex Urban Area project. The Quang Ninh provincial leadership has instructed relevant departments to collaborate with Vingroup to ensure all conditions are met for the project’s groundbreaking on December 19, 2025.
The Ha Long Xanh Complex Urban Area project boasts a total investment of over VND 456.6 trillion (nearly USD 18 billion), spanning an area of 4,100 hectares, including nearly 1,000 hectares in Tuan Chau Ward and over 3,100 hectares in Ha An Ward. With a total investment of VND 456.6 trillion (approximately USD 18 billion), it stands as Vingroup’s largest investment project to date.
As of November 11, Tuan Chau Ward has completed land clearance and handed over the site to the investor, while Ha An Ward has cleared 81% of the land (equivalent to over 2,573 hectares) and is finalizing compensation plans for the remaining area.
On the cleared land, Vingroup has commenced site preparation and infrastructure construction.
Next, the “super” urban area along Cam Ranh Bay will also break ground on December 19, led by a consortium including Vinhomes JSC, Cam Ranh Investment JSC, and VinES Energy Solutions JSC.
The Cam Ranh Bay Urban Area has a total investment of over VND 85.293 trillion (more than USD 3.2 billion), covering over 1,250 hectares and expected to accommodate approximately 230,000 residents. The project will offer over 10,000 villas, 8,400 townhouses, and nearly 20,000 social housing units.
The project received investment approval from the Prime Minister in April 2023, and Khanh Hoa Provincial People’s Committee approved the investor in February 2024.
According to the plan, the investor will develop a complete and synchronized urban area with technical infrastructure, commercial and social housing, resettlement areas, and public and service facilities.
Stretching 25 km along Cam Ranh Bay, the urban area is expected to transform the landscape of the Cam Ranh region.
In transportation infrastructure, the Ben Thanh – Can Gio metro project, developed by VinSpeed High-Speed Railway Investment and Development JSC (a Vingroup subsidiary), is scheduled to break ground on December 19.
The 53 km metro line connects downtown Ho Chi Minh City with Can Gio, with a total investment of over VND 85.65 trillion. The double-track line, designed for speeds up to 350 km/h, will reduce travel time from Ben Thanh Station to Can Gio’s center to just over 13 minutes.
The project starts at Ben Thanh Station (connected to Metro Line 1 – Ben Thanh to Suoi Tien) and ends at the Can Gio Coastal Urban Area. It includes a depot in Can Gio and two maintenance centers in Tan Thuan (former District 7) and Can Gio, covering a total land area of nearly 318 hectares across 8 wards and communes: Ben Thanh, Xom Chieu, Tan Thuan, Tan My, Nha Be, Binh Khanh, An Thoi Dong, and Can Gio.
In the industrial sector, Ha Tinh provincial leaders have issued a document urging relevant units to expedite preparations for Vingroup’s high-tech industrial steel plant in Vung Ang.
For the steel production plant, provincial leaders requested the finalization of the plant’s location by November 30, 2025, issuance of the Investment Registration Certificate by December 10, and a groundbreaking ceremony on December 19.
On October 6, 2025, billionaire Pham Nhat Vuong’s Vingroup officially entered the metallurgy sector by establishing VinMetal Production and Trading JSC. This marks a significant step in the group’s strategy to expand its industrial-technology pillar alongside real estate and electric vehicles.
VinMetal, with a charter capital of VND 10 trillion, aims to develop a high-tech industrial steel complex in Vung Ang (Ha Tinh), with a Phase 1 capacity of approximately 5 million tons per year.
The steel produced will primarily meet the internal demands of Vingroup’s ecosystem, particularly Vinhomes and VinFast, while also securing strategic materials for large-scale infrastructure and transportation projects under consideration, such as the North-South high-speed railway, the Ho Chi Minh City – Can Gio route, and the Hanoi – Quang Ninh line.
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