Billionaire Pham Nhat Vuong Continually Invests in His Homeland: From Industrial Zones and Electric Vehicle Factories to an $8.9 Trillion VND International Port Project

The Son Duong International Port project is spearheaded by Vinhomes Ha Tinh Industrial Zone Investment Joint Stock Company, a subsidiary of Vingroup.

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The People’s Committee of Ha Tinh Province has recently approved the investment policy for the Son Duong International Port Project, designating Vinhomes Ha Tinh Industrial Park Investment Joint Stock Company as the project investor.

With an estimated total investment of approximately VND 8,866 billion, the project will be located in Vung Ang Ward, covering an area of about 123.5 hectares. This includes 36.53 hectares for port construction, 81.36 hectares of sea area, and 5.62 hectares for connecting roads.

The project involves the construction of three port berths with a total length of 1,050 meters, capable of accommodating general cargo and container ships up to 100,000 DWT. It also includes warehousing systems, port infrastructure, ship berthing areas, and connecting waterways. The designed capacity ranges from 9.04 to 11.3 million tons per year.

The port will provide services for loading, transporting, and storing general cargo and containers in Ha Tinh Province and the surrounding region. The project’s operational period is set at 70 years, starting from the date the investor receives the land allocation decision.

Expected to be fully operational by Q2/2028, the port will significantly enhance logistics capabilities in the area.

In early November, Vinhomes Ha Tinh Industrial Park Investment Joint Stock Company disbursed the first installment of compensation for land acquisition to facilitate the construction of rental workshops for the electric vehicle auxiliary industry.

This project, covering over 132 hectares in lots CN4-1 and CN4-2 within the central industrial zone (CN4-CN5) of Vung Ang Economic Zone, has a projected investment of more than VND 21,400 billion. The investor’s equity contribution is approximately VND 3,210 billion (15%), with the remainder sourced from mobilized capital.

Construction of technical infrastructure and workshops is scheduled to commence in December 2026, with completion and operation slated for June 2027.

The groundbreaking ceremony for the Vinhomes Vung Ang Industrial Park infrastructure development project took place on August 19th.

On August 19th, Vingroup commenced the Vinhomes Vung Ang Industrial Park infrastructure development project within the Vung Ang Economic Zone. The project focuses on heavy industries, including automobile assembly, auto parts manufacturing, and logistics warehousing.

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