Investments

Unveiling Vingroup’s $18 Billion Mega Project in Northern Vietnam: The Largest in History

This groundbreaking project has just received monumental news.

25 November, 2025

80.76% Land Clearance Achieved for Mega Project

Vice Chairman of Quang Ninh Provincial People’s Committee, Le Van Anh, recently held a working session with Ha An Ward to inspect and accelerate land clearance for the Ha Long Xanh Complex Urban Area Project—one of Vingroup’s largest-ever investments.

According to Ha An Ward’s report, the project spans 3,186 hectares, affecting 1,818 households and 10 organizations.

Le Van Anh, Vice Chairman of Quang Ninh Provincial People’s Committee, discusses land clearance progress with Ha An Ward. Photo: Quang Ninh Newspaper

To date, significant progress has been made in documentation:

86 files reviewed;

9 files approved;

101 files publicly posted;

12 land allocation plans approved;

50 cases finalized as requested by the investor.

Notably, Ha An Ward successfully negotiated with 11 households and 3 organizations, securing an additional 343 hectares. Of the 22 pending cases transferred from Quang Yen Town, 12 households agreed to hand over 60.77 hectares.

In total, 80.76% of the required land has been cleared and handed over to the investor—a remarkable achievement for a project of this scale and complexity.

Recognizing local efforts, Quang Ninh’s leadership praised Ha An Ward’s commitment. However, the province urged continued collaboration to:

Complete all land clearance by January 2026;

Ensure land handover to the investor by November 2025.

These milestones are crucial for the project’s synchronized implementation, aligning with the province’s strategic urban development goals.

AI-generated concept of Ha Long Xanh Project (illustrative, not official).

Vingroup, the project investor, is urged to expedite documentation for cleared areas and prepare construction as per commitments.

Ha Long Xanh is envisioned as a world-class eco-urban hub, reshaping Quang Ninh’s urban landscape and driving socio-economic growth in the Quang Yen – Ha Long region.

How Vingroup’s Largest Project is Shaping Up

Vingroup previously adjusted details for the Ha Long Xanh Complex Urban Area Project to align with realities and requirements.

The investment surged to over VND 456.6 trillion (USD 18 billion), nearly double the 2020 figure of VND 232 trillion—making it Vingroup’s largest investment to date.

Launched in October 2021, the 10-year project includes infrastructure, housing, and commercial facilities, executed by Vincons (Vingroup subsidiary).

Strategically located, the project borders Ha Long – Hai Phong Expressway (north), Hot River and Ha Long Bay (east/south), and Chanh River (west). Vingroup also proposes a 350 km/h Hanoi – Ha Long high-speed rail.

This rail link will revolutionize Quang Ninh’s connectivity, enhancing Ha Long Xanh’s value as Vingroup’s flagship project.

With travel time to Hanoi reduced to 30 minutes, Quang Ninh will evolve from a tourist destination to an extended living space for Hanoi residents.

High-speed connectivity will attract professionals and investors, transforming Ha Long Xanh into more than a weekend getaway.

The rail creates a unified corridor linking Hanoi – Hai Phong – Quang Ninh, positioning Ha Long as a key residential and service hub complementing Hai Phong’s logistics and Hanoi’s administrative roles.

Thus, the 350 km/h rail enables Quang Ninh to develop a coastal urban model integrated with Hanoi’s financial and political center, fostering a “dual-hub” lifestyle: work in the capital, reside by the sea.