Real estate giant Vinhomes to develop $523 mln industrial park in central Vietnam
Vinhomes, a subsidiary of Vietnam’s largest listed conglomerate Vingroup, will build a VND13.3 trillion ($523.3 million) industrial park in the central province of Ha Tinh.
An illustration of an industrial park in Ha Tinh province, central Vietnam. Photo courtesy of local authorities.
Deputy Prime Minister Tran Hong Ha signed Saturday a decision granting in-principle approval for the company’s Vinhomes Vung Ang-Ha Tinh Industrial Park project.
The project will cover 964.84 hectares in the Vung Ang Economic Zone, Ky Anh township.
Of the estimated total investment of VND13.3 trillion ($523.3 million), the developer will contribute VND1.99 trillion and mobilize the remainder from other sources.
The Deputy PM’s decision tasks the Ministry of Planning and Investment with appraising the project investment plan and implementing state management of industrial parks in line relevant laws.
Relevant agencies in charge of project investment policy have to ensure compatibility of forestry-related content in the approved master plan for Ha Tinh province and the national forestry plan.
The People's Committee of Ha Tinh province is tasked with ensuring accuracy of information, data and appraisal content in accordance with laws; and be responsible for the project's conformity with plans approved by competent authorities.
The decision requires the developer to ensure the legality, accuracy and veracity of the project profile and documents sent to competent state agencies; and comply with legal provisions during project implementation.
Ha Tinh has two economic zones, three industrial parks and 21 industrial clusters. Of these, the 22,700-hectare Vung Ang Economic Zone is one of eight key economic zones in the country.
The province currently has 1,500 domestic investment projects with a total investment of more than VND145 trillion ($5.7 billion) and 72 foreign investment projects worth $16.2 billion.
It is home to some mega projects including the $2.4 billion, 1,320-MW Vung Ang II thermal power plant, which is set to become operational next year; the electric vehicle (EV) battery plant of VinES, a subsidiary of Vingroup; and the Formosa Ha Tinh Steel complex invested by Taiwan's Formosa Plastics Group.
- Related News
- Read More
Vincom Retail estimated to book $72 mln profit from Hanoi mall sale: broker
Vincom Retail (HoSE: VRE), Vietnam’s leading retail property developer, is set to record an estimated VND1.9 trillion ($72 million) in profit after completing the divestment of its entire equity interest in a Hanoi project last month, according to a report by BSC Securities.
Real Estate - Sun, November 23, 2025 | 8:00 am GMT+7
Market watchdog conference in central Vietnam offers insight into amended securities law
A conference recently held by the State Securities Commission (SSC) in Danang briefed companies and market participants in central Vietnam on amendments to the Securities Law and guiding documents, as part of the authority's 2025 legal dissemination plan.
Finance - Sat, November 22, 2025 | 9:48 pm GMT+7
Central Retail incurs 6% drop in Jan-Sept revenue from Vietnam
Thailand’s top retailer Central Retail posted revenues of nearly THB35.48 billion ($1.09 billion) in Vietnam in the first nine months of this year, down 6.6% year-on-year due to exchange rate fluctuations.
Companies - Sat, November 22, 2025 | 3:32 pm GMT+7
Young leadership mindset drives SHB bank's next growth phase: exec
Young leadership would play a pivotal role as Vietnamese businesses navigate digital transformation and rising global competition, said Do Quang Vinh, vice chairman cum deputy CEO of Saigon-Hanoi Commercial Joint Stock Bank (SHB).
Banking - Sat, November 22, 2025 | 3:23 pm GMT+7
Stock market regulator holds final round of ESG-focused corporate governance contest in Hanoi
The final round of the “Vietnam ESG Challenge 2025”, a competition aimed at promoting sustainable development, modern corporate governance, and social responsibility among Vietnamese university students, took place in Hanoi on Monday.
Finance - Sat, November 22, 2025 | 10:16 am GMT+7
IFC, Vietnam's EVNNPT discuss investment in power transmission projects
Vietnam's National Power Transmission Corporation (EVNNPT) and the International Finance Corporation (IFC), a member of the World Bank Group, have discussed issues related to potential cooperation and investment in power transmission projects under the Power Development Plan VIII (PDP VIII).
Companies - Sat, November 22, 2025 | 9:23 am GMT+7
Earnings strength meets market consolidation
Global appetite for emerging markets is still cautious, constrained by high returns in developed markets amid geopolitical uncertainty, while pressure on the Vietnamese dong has been compounded by seasonal FDI profit repatriation, writes Minh Dang, head of research at Dragon Capital.
Economy - Sat, November 22, 2025 | 8:00 am GMT+7
Phat Dat pursues HCMC housing project after a decade as it restructures property portfolio
Phat Dat Real Estate Development Corp (PDR) has moved to acquire a 50% stake in AKYN Investment Trading Service JSC as part of efforts to revive a long-delayed residential project in central Ho Chi Minh City, the company said in a board resolution. Financial terms were not disclosed.
Real Estate - Fri, November 21, 2025 | 9:30 pm GMT+7
F88 wins dual workplace awards for 2025
Vietnam’s consumer finance major F88 has been named one of "Vietnam Best Places to Work" and a “Happiness at Work” enterprise for 2025.
Companies - Fri, November 21, 2025 | 4:07 pm GMT+7
European IP developer CTP plans large industrial-logistics project in northern Vietnam port city
CTP, a Dutch-led industrial park developer headquartered in the Czech Republic, is exploring a large integrated complex combining seaports, an airport, logistics facilities and industrial parks in the northern port city of Hai Phong.
Infrastructure - Fri, November 21, 2025 | 3:24 pm GMT+7
Vingroup to build $334 mln international port in central Vietnam
Vietnam's leading private conglomerate Vingroup will develop a modern, large-scale international port named Son Duong at the Vung Ang Economic Zone in Ha Tinh province.
Infrastructure - Fri, November 21, 2025 | 3:10 pm GMT+7
HCMC ready to operate International Financial Center: city authorities
Ho Chi Minh City has completed preparations across infrastructure, spatial planning, digital systems, organizational apparatus, and human resources to ensure Vietnam's International Financial Center can begin operating immediately after the Government issues its guiding decrees.
Economy - Fri, November 21, 2025 | 2:11 pm GMT+7
Hoa Phat Agriculture valued at over $450 mln ahead of IPO, ranking 2nd in Vietnam's livestock industry
Hoa Phat Agriculture Development JSC (HPA) has been valued at more than $450 million based on its newly announced IPO price, making it the second-largest company in Vietnam’s livestock industry after Masan MeatLife.
Companies - Fri, November 21, 2025 | 11:26 am GMT+7
Vietnam leads ASEAN in consumer optimism: UOB
Vietnam continues to lead the region in consumer optimism, driven by positive economic outlook and confidence in personal finances, according to the sixth edition of the ASEAN Consumer Sentiment Study (ACSS). UOB analysts offer an insight into their findings.
Economy - Fri, November 21, 2025 | 9:01 am GMT+7
MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card
MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.
Banking - Thu, November 20, 2025 | 9:38 pm GMT+7
Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification
Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.
Industries - Thu, November 20, 2025 | 5:27 pm GMT+7
