Vingroup starts building mega urban project in Vietnam's Mekong Delta

By Minh Hue
Wed, March 26, 2025 | 10:11 pm GMT+7

Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.

At the groundbreaking ceremony for Vinhomes Green City project in Long An province, Mekong Delta, southern Vietnam. Photo courtesy of Tuoi tre (Youth) newspaper.

At the groundbreaking ceremony for Vinhomes Green City project in Long An province, Mekong Delta, southern Vietnam. Photo courtesy of Tuoi tre (Youth) newspaper.

Vinhomes Green City, covering 197.2 hectares in Hau Nghia township, Duc Lap Thuong commune, and Tan My commune of Duc Hoa district, is expected to open up investment opportunities and contributing to the prosperous development of the region.

The project boasts a strategic location that provides strong connectivity between Ho Chi Minh City and the Mekong Delta region, which is experiencing rapid urbanization and industrial development.

The urban area’s inter-regional connectivity will become even more comprehensive with the completion of major infrastructure projects such as the Gia Nghia-Chon Thanh Expressway and HCMC’s Ring Roads 3 and 4, and Metro Line No. 2 from Ben Thanh to Tham Luong, which will provide direct access to major seaports, airports, and key industrial zones.

Vinhomes Green City is designed with multiple open traffic axes and a large-scale commercial complex spanning 9.6 hectares within the development, forming an initial framework for a vibrant trade center in the northwestern urban economic corridor of HCMC.

Regarding the living environment, the urban area will be developed with a low construction density, offering an ecological living space for an estimated population of 40,000.

It will feature a vast park system covering nearly 36 hectares, including entertainment parks, sports parks, ecological parks, and internal parks, all designed to meet residents' daily needs for recreation, physical activities, and health care, complemented by a modern and civilized green transportation infrastructure.

Speaking at the groundbreaking ceremony, Nguyen Viet Quang, vice chairman and CEO of Vingroup, stated that as the first mixed-use urban development project in Vingroup’s ecosystem in Long An, Vinhomes Green City will not only create a new, modern living standard for residents but also serve as a catalyst to attract businesses, investors, experts, and highly skilled workers to live and work in the region.

In Long An, the Vinhomes-VIG consortium has also been given in-principle approval to implement the Phuoc Vinh Tay New Urban Area project in Can Giuoc district. The project covers 1,089.6 hectares, with a total investment estimated at VND90.8 trillion ($3.55 billion).

In July 2024, the Can Giuoc district People’s Committee held a meeting to announce the recovery of land from around 3,805 households and individuals for the project, which is expected to begin construction in 2026.

Comments (0)
  • Read More
Swedish giants H&M, Syre to scale up operations in Vietnam

Swedish giants H&M, Syre to scale up operations in Vietnam

H&M, a globally renowned fashion brand from Sweden, plans to expand its network of stores in Vietnam to over 20 in the time to come, said CFO Adam Karlsson.

Industries - Sat, June 14, 2025 | 2:16 pm GMT+7

Leading industrial park developer Becamex to gain from Binh Duong province’s merger into HCMC: broker

Leading industrial park developer Becamex to gain from Binh Duong province’s merger into HCMC: broker

Becamex IDC Corp, a leading urban and industrial park developer based in Binh Duong, is expected to benefit from the province’s merger into Ho Chi Minh City, with many new development opportunities, according to Vietcombank Securities (VCBS).

Companies - Sat, June 14, 2025 | 8:00 am GMT+7

Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion

Vietnam Airlines secures $1.5 bln funding from ING Bank for strategic expansion

Vietnam Airlines and ING Bank have signed an MoU for bilateral financial cooperation, securing capital funding of up to $1.5 billion.

Companies - Fri, June 13, 2025 | 10:56 pm GMT+7

Lawmakers scrutinize dual-city international financial center plan

Lawmakers scrutinize dual-city international financial center plan

Discussing a draft resolution on establishing an international financial center in Vietnam, some parliament members have proposed careful consideration of a dual-city model based on regional development strategies and investment efficiency.

Finance - Fri, June 13, 2025 | 10:49 pm GMT+7

Vietnam among world’s most food-self-sufficient nations: study

Vietnam among world’s most food-self-sufficient nations: study

As concerns mount over the potential for disruptions to global trade, a new study published in the journal Nature Food has identified Vietnam as one of the few countries with a high level of food self-sufficiency, capable of withstanding major interruptions to food imports and exports worldwide.

Southeast Asia - Fri, June 13, 2025 | 10:41 pm GMT+7

Bad debts at Vietnamese commercial banks remain a concern

Bad debts at Vietnamese commercial banks remain a concern

While the most challenging period for bad debts in Vietnam appears to have passed, potentially irrecoverable debts have reached a record high, accounting for 1.25% of total outstanding customer loans, or more than VND176 trillion ($6.74 billion), according to a new report by research firm Vietnam Report JSC.

Banking - Fri, June 13, 2025 | 7:58 pm GMT+7

Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes

Vietnam's galvanized steel major Ton Dong A to focus on domestic sales amid export market woes

Ton Dong A, a leading galvanized steel manufacturer in Vietnam, will focus more on the domestic market due to export difficulties, raising the ratio of domestic sales to 75%.

Companies - Fri, June 13, 2025 | 4:56 pm GMT+7

Vietnam's leading construction materials maker Viglacera appoints new chairman

Vietnam's leading construction materials maker Viglacera appoints new chairman

The board of directors of Viglacera, Vietnam's leading construction materials maker, has appointed Tran Manh Huu as new chairman, succeeding Nguyen Van Tuan.

Companies - Fri, June 13, 2025 | 3:08 pm GMT+7

Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project

Vietnam urges Exxon Mobil to accelerate long-delayed Blue Whale gas field project

Vietnam expects the U.S.'s Exxon Mobil to speed up the long-delayed Blue Whale gas field project in line with the contract.

Energy - Fri, June 13, 2025 | 2:06 pm GMT+7

Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy

Prime Minister invites Swedish firms to invest in Vietnam's technology infrastructure, renewable energy

Prime Minister Pham Minh Chinh says he hopes Swedish companies will continue to expand their investment in Vietnam's information technology infrastructure, especially in remote areas.

Economy - Fri, June 13, 2025 | 11:28 am GMT+7

Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam

Singapore’s Keppel earns $76 mln from partial sale of property complex in southern Vietnam

Singapore-based Keppel Corporation brought in SGD98 million ($76.54 million) from selling a 22.6% stake in a property complex in Vietnam’s southern metropolis of Ho Chi Minh City.

Real Estate - Fri, June 13, 2025 | 8:28 am GMT+7

Thailand tightens e-commerce rules

Thailand tightens e-commerce rules

Thailand is preparing to increase oversight of digital marketplaces, adding rules for certain types of platforms to strengthen consumer protection and ensure responsible e-commerce, Bangkok Post quoted the Electronic Transactions Development Agency (ETDA) as saying.

Southeast Asia - Thu, June 12, 2025 | 10:56 pm GMT+7

Malaysia attracts nearly $21 bln investment in Q1

Malaysia attracts nearly $21 bln investment in Q1

Malaysia has secured MYR89.8 billion (nearly $21 billion) in approved investments for Q1, a 3.7% year-on-year increase amid a challenging global economic backdrop, according to the Malaysian Investment Development Authority (MIDA).

Southeast Asia - Thu, June 12, 2025 | 10:53 pm GMT+7

Thailand targets faster EV growth

Thailand targets faster EV growth

Thailand’s Board of Investment (BoI) is stepping up efforts to promote the electric vehicle (EV) industry by offering more investment incentive packages aimed at supporting the emerging sector and creating additional EV-related jobs.

Southeast Asia - Thu, June 12, 2025 | 10:46 pm GMT+7

Malaysia to hold second round of trade talks with US

Malaysia to hold second round of trade talks with US

Malaysia’s Ministry of Investment, Trade and Industry (MITI) said Minister Tengku Zafrul Aziz is scheduled to travel to Washington D.C. on June 18 for a new round of discussions focused on tariffs.

Southeast Asia - Thu, June 12, 2025 | 10:40 pm GMT+7

Vietnamese banks' bond issuance sees three-fold rise in first 5 months

Vietnamese banks' bond issuance sees three-fold rise in first 5 months

Vietnamese banks have significantly increased their bond issuance in 2025, with a reported total issuance of VND81 trillion ($3.1 billion) in the first five months of the year.

Finance - Thu, June 12, 2025 | 10:17 pm GMT+7