Billionaire Pham Nhat Vuong at the groundbreaking ceremony of the Can Gio Coastal Urban Area on April 19. Photo: TT
According to the plan, on December 19, Vingroup and related units will commence a series of projects in Ho Chi Minh City, Quang Ninh, Hung Yen, Ha Tinh, and Khanh Hoa. These projects span various sectors, including transportation infrastructure, energy, industry, and urban development, with a total investment of approximately VND 341.183 trillion.
In Ho Chi Minh City, the Ben Thanh – Can Gio metro line will break ground in the Can Gio Coastal Urban Area. With a total investment of VND 102.430 trillion, this project is a crucial infrastructure development, connecting the city center with Can Gio district.
The Ben Thanh – Can Gio metro line stretches nearly 54 km, featuring a double-track design with a standard gauge of 1,435 mm and a maximum design speed of 350 km/h. This will reduce travel time from Ben Thanh Station to Can Gio’s center to just over 13 minutes.
As per the investor’s plan, the metro line will start at Ben Thanh Station (directly connecting to Metro Line 1 – Ben Thanh to Suoi Tien) and end at the Can Gio Coastal Urban Area. The route includes 1 depot in Can Gio and 2 maintenance centers in Tan Thuan (former District 7) and Can Gio.
The project passes through 8 wards and communes: Ben Thanh, Xom Chieu, Tan Thuan, Tan My, Nha Be, Binh Khanh, An Thoi Dong, and Can Gio, utilizing a total land area of nearly 318 hectares.
In Quang Ninh, several urban and service projects will be launched, including the groundbreaking of the Ha Long Xanh Complex Urban Area in Ha An Ward, with an investment of over VND 456 trillion, and the Tuan Chau Public Park in Tuan Chau and Viet Hung Wards, with an investment of VND 5.380 trillion.
In Hung Yen, Vinhomes plans to start construction on a social housing project in Pho Hien Ward, covering approximately 31.5 hectares with a total investment of VND 6.095 trillion. This project aims to increase the housing supply in the provincial center and surrounding areas.
Ha Tinh will focus on energy and industrial projects, including two wind power plants in Ky Anh: the Ky Anh Wind Power Plant with a capacity of 400 MW and an expected annual output of 1,053.3 GWh (total investment: VND 17.051 trillion), and the Eco Wind Ky Anh Wind Power Plant with a capacity of nearly 500 MW and an annual output of over 1,322 GWh (total investment: VND 22.647 trillion). Additionally, Ky Anh Town will develop the Ky Trinh New Urban Area with an investment of VND 8.800 trillion and the Vinmetal Ha Tinh Steel Plant, covering approximately 461.22 hectares with a Phase 1 capacity of 5 million tons/year and a total investment of nearly VND 89.000 trillion.
In Khanh Hoa, the Cam Ranh Bay Coastal Urban Area project, jointly implemented by Vinhomes, Cam Ranh Investment JSC, and VinES Energy Solutions JSC, is also set to begin. Spanning 1,254 hectares, the project is expected to accommodate around 230,779 residents and includes various housing types such as townhouses, villas, and social housing. The total investment for this project is VND 85.294 trillion.
With a combined investment of approximately VND 341.183 trillion, these projects highlight Vingroup’s continued large-scale investment across multiple provinces, focusing on infrastructure, energy, industry, and urban development. Once completed, these projects are expected to expand urban spaces, enhance production capacity, and increase housing supply in the respective regions.
Phuong Hoang
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