Vingroup starts building world-class expo center in Hanoi

By Quang Minh
Fri, August 30, 2024 | 3:52 pm GMT+7

Vietnamese conglomerate Vingroup has kick-started the construction of a much-awaited world-class exhibition fair center on the outskirts of Hanoi.

Prime Minister Pham Minh Chinh, Vingroup chairman Pham Nhat Vuong, and a host of government officials attended the groundbreaking ceremony on Friday.

Prime Minister Pham Minh Chinh (center) and Vingroup chairman Pham Nhat Vuong (left) attend the groundbreaking ceremony of the new Vietnam Exhibition Fair Center in Dong Anh district, Hanoi, August 30, 2024. Photo courtesy of the government's news portal.

Prime Minister Pham Minh Chinh (center) and Vingroup chairman Pham Nhat Vuong (left) attend the groundbreaking ceremony of the new Vietnam Exhibition Fair Center in Dong Anh district, Hanoi, August 30, 2024. Photo courtesy of the government's news portal.

The 90-hectare Vietnam Exhibition Fair Center will be built in Dong Anh district, an emerging urban center in the capital, as one of the largest facilities of its kind worldwide.

The new exhibition center, located close to Noi Bai International Airport and several minutes of drive from the inner city, is expected to be a venue for global trade events and exhibitions. It will replace the previous national exhibition center on Giang Vo street, Ba Dinh district.

Besides indoor premises, the center will feature outdoor spaces of up to 20.6 hectares. An ecosystem of ancillary facilities will include service areas, high-rise office buildings, a five-star hotel to be managed by Marriott, and parking areas.

 Government and Vingroup officials conduct the groundbreaking ceremony in Hanoi, August 30, 2024. Photo courtesy of the government's news portal.

Government and Vingroup officials conduct the groundbreaking ceremony in Hanoi, August 30, 2024. Photo courtesy of the government's news portal.

Speaking at the ceremony, Vingroup CEO Nguyen Viet Quang said the new exhibition center is expected to be of the same class as those in Dubai, Frankfurt, and Milan, and it will help domestic and foreign enterprises connect and promote trade.

Hanoi Chairman Tran Sy Thanh said the city has focused on improving urban and traffic infrastructure systems and facilitated procedures for the exhibition center project.

The mayor committed to supporting Vingroup in implementing the project to put it into operation as soon as possible. The local government will also accelerate the implementation of traffic works that link to the center.

Comments (0)
  • Read More
Vietnam SOEs need tailored mechanisms, greater autonomy to accelerate tech investment, innovation: execs

Vietnam SOEs need tailored mechanisms, greater autonomy to accelerate tech investment, innovation: execs

Vietnam's state-owned enterprises (SOEs) need flexible, tailored mechanisms to make rapid decisions, maintain a leading role, drive innovation, and boost competitiveness, said company executives.

Companies - Sun, November 23, 2025 | 8:16 pm GMT+7

Café Amazon retreats, Mixue scales down in Vietnam over intense competition

Café Amazon retreats, Mixue scales down in Vietnam over intense competition

Vietnam’s food and beverage (F&B) sector is seeing a wave of closures and market exits as rising competition and shifting consumer preferences squeeze profit margins.

Economy - Sun, November 23, 2025 | 2:36 pm GMT+7

Vietnam Education Publishing House strengthens cooperation with Malaysia’s Pelangi Publishing Group

Vietnam Education Publishing House strengthens cooperation with Malaysia’s Pelangi Publishing Group

Vietnam Education Publishing House (VEPH) met with Malaysia’s Pelangi Publishing Group in mid November to expand professional exchange and explore deeper cooperation in educational publishing.

Companies - Sun, November 23, 2025 | 12:21 pm GMT+7

French energy giant plans $500 mln investment in green Vietnam projects

French energy giant plans $500 mln investment in green Vietnam projects

French green hydrogen infrastructure developer HDF Energy is looking to invest $500 million in potential energy and transport projects across Vietnam, particularly the southern economic hub of Ho Chi Minh City.

Energy - Sun, November 23, 2025 | 11:29 am GMT+7

Vincom Retail estimated to book $72 mln profit from Hanoi mall sale: broker

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

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

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 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

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

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

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 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

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

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

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

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