Vingroup to develop 14 billion USD port and logistics hub in Hai Phong

Vingroup will invest in a project covering nearly 4,400 ha of land within the southern coastal economic zone of Hai Phong city, spanning Kien Hai commune and Nam Do Son ward.

The project to build Nam Do Son port and logistics center has a total capital of over 14.3 billion USD and is slated to operate for 70 years.

It will be developed in three phases. Vingroup expects to contribute 15% of the total investment, with the remainder sourced from external funding.

Vingroup and its subsidiaries have already launched a series of large-scale projects in Hai Phong.

In manufacturing, VinFast auto plant, located in an industrial park on Cat Hai island, has a total investment of 1.5 billion USD.

In real estate, Vinhomes is working on its fourth residential project in Hai Phong, covering approximately 240 ha in Duong Kinh ward. Previous projects include Royal Island (over 870 ha), Imperia (over 78 ha), and Mariana (nearly 50 ha).

In the industrial property sector, Vingroup is also planning to begin construction early next year on two industrial parks, Tan Trao and Ngu Phuc (phase 1), in the southern coastal economic zone of Hai Phong.

Additionally, the group has plans for an LNG power plant project in the port city.

Hai Phong News