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.
A corner of Vung Ang Economic Zone where Vingroup will build Son Duong international port. Photo by The Investor/Truong Hoa.
Ha Tinh authorities recently granted in-principle approval for the project and okayed Vinhomes Ha Tinh Industrial Park Investment JSC - a member of Vingroup - as investor.
The over 123-hectare project site is located in Vung Ang ward, formerly part of Ky Anh township. This includes roughly 36 hectares for port construction, 81 hectares of sea area, and over 5.6 hectares for connecting roads.
The project has a total investment of more than VND8.8 trillion ($333.8 million). It includes three wharves with a total length of 1,050 meters, capable of receiving 100,000-DWT general cargo and container vessels.
It will also feature warehouses, port service infrastructure, anchorage areas, channels, and turning basins. Its designed handling capacity is around 9.4-11.3 million tons per year.
The port will serve cargo handling, transportation, and storage needs for Ha Tinh and neighboring areas. Its operating period is 70 years from the date the investor receives the land allocation decision.
Construction is scheduled to begin in 2026, with completion and commissioning planned for Q2/2028, supporting economic activity, industrial parks, surrounding regions, and Laos.
Son Duong is one of the key deep-water ports in Ha Tinh province and the north-central region. It is planned alongside many major industrial projects and functions as a hub for receiving raw materials and transshipping international cargo.
With natural deep-water advantages, proximity to international shipping routes, and connections to the East-West economic corridor, the port is positioned as a foundation for Ha Tinh’s heavy industry, logistics, and seaport services, while expanding import-export gateways for neighboring provinces and Laos.
Vingroup has invested in many large projects in Ha Tinh. In late August 2023, the group's VinES electric vehicle (EV) battery factory in the Vung Ang Economic Zone began operations.
In late June 2025, VinFast, an EV manufacturing startup under Vingroup, inaugurated a factory in Vung Ang, its second in Vietnam after the one in Hai Phong city.
The appearance of Son Duong international port will strengthen Vingroup's industrial-logistics ecosystem in the region, creating a chain from production to export.
In the year to end-Q3/2025, Ha Tinh attracted 28 investment projects, including three FDI ones with total registered capital of over $14.4 million. Compared with the same period last year, the number of domestic projects rose 1.5 times, while total registered capital increased sevenfold.
- Read More
Surging fuel prices put pressure on Vietnam’s aviation, logistics industries
Global fuel prices remain elevated amid ongoing geopolitical instability, placing direct pressure on Vietnam’s aviation and maritime transport businesses.
Economy - Tue, May 19, 2026 | 8:00 am GMT+7
State-controlled stocks rally, lift VN-Index to record high
A broad rally in Vietnamese state-controlled stocks including VCB (Vietcombank), BID (BIDV bank), PLX (Petrolimex), BSR (Binh Son Refining and Petrochemical JSC), and GAS (PV Gas) helped push the benchmark VN-Index to a record high on Monday, despite lingering concerns over weakening market breadth and slowing momentum.
Finance - Mon, May 18, 2026 | 8:31 pm GMT+7
Work begins on $2.25 bln LNG power project in central Vietnam
A consortium consisting PV Power - a subsidiary of state-owned Petrovietnam, Nghe An Sugar Co. Ltd. and South Korea’s SK Innovation has broken ground on the $2.25 billion Quynh Lap LNG-fired power project, located in Nghe An province, central Vietnam.
Energy - Mon, May 18, 2026 | 6:52 pm GMT+7
Foreigners eligible to buy housing at extra 6 projects in HCMC
Ho Chi Minh City authorities have added six more residential developments to the list of housing projects eligible for ownership by foreign individuals and organizations, as Vietnam’s largest economic hub seeks to attract additional international investment into its property market.
Real Estate - Mon, May 18, 2026 | 5:52 pm GMT+7
Masan’s WinCommerce speeds up northern Vietnam expansion as April revenue jump 27%
WinCommerce, the retail arm of Vietnamese conglomerate Masan Group (HoSE: MSN), reported strong sales growth in April as the company accelerated store expansion across northern and central regions.
Companies - Mon, May 18, 2026 | 4:18 pm GMT+7
Vietnam pushes to build groundwork for domestic high-speed rail technology capability by 2028
Vietnam is accelerating efforts to develop homegrown technological capabilities for its planned high-speed railway network as the government seeks to reduce dependence on foreign contractors and turn the multi-billion-dollar infrastructure program into a catalyst for industrial upgrading.
Investing - Mon, May 18, 2026 | 3:59 pm GMT+7
Hoa Phat Group's member company emerges at 120 mln-ton iron ore mine after Chinese partner exits
A new entity backed by a member company of Hoa Phat Group and Dai Quang Minh Real Estate Investment Corporation's chairman Tran Dang Khoa has replaced the Chinese partner in the joint venture operating Quy Xa iron ore mine in northern Vietnam.
Industries - Mon, May 18, 2026 | 2:27 pm GMT+7
Central Vietnam province okays Hong Kong-invested $12 mln wood processing project
A VND315.6 billion ($12 million) wood manufacturing plant project, invested by Lehome International Co., Ltd. from Hong Kong, has received an investment registration certificate, contributing to increased FDI inflows into Gia Lai province’s industrial sector.
Industries - Mon, May 18, 2026 | 12:24 pm GMT+7
Trinh Van Tuan: The man behind PC1’s rise and the unexpected turn at the end of his career
Trinh Van Tuan’s career reflects the rise of an engineer-turned-businessman who helped expand PC1 into one of Vietnam’s notable infrastructure and energy groups. But at the closing stage of his career, an unexpected legal turmoil is now casting uncertainty over the future not only of Tuan himself, but also of the company shaped by his influence for more than 20 years.
Companies - Mon, May 18, 2026 | 8:17 am GMT+7
Chinese giant explores infrastructure, agriculture, education opportunities in central Vietnam
Su Shang Construction Group Co., Ltd., a major Chinese infrastructure developer, has expressed interest in investing in several large-scale infrastructure projects in Vietnam’s central province of Gia Lai under the financing-engineering-procurement-construction-operation (FEPCO) model.
Industries - Sun, May 17, 2026 | 6:08 pm GMT+7
13 investors eye major stakes in state-controlled beer maker Viet Ha
As many as 13 domestic investors eye major stakes in Viet Ha Investment and Trading JSC, owner of the long-established Viet Ha beer brand and controlled by the Hanoi People's Committee.
Companies - Sun, May 17, 2026 | 11:13 am GMT+7
HCMC targets mega-city of 22 mln people with ‘one-hour mobility’ vision
Ho Chi Minh City is targeting a population of 20-22 million by 2050 and aims to become one of the world’s most livable cities, as Vietnam’s largest economic hub pursues an ambitious transformation into a multi-centered mega-city supported by modern transport infrastructure and a maritime-driven economy.
Economy - Sun, May 17, 2026 | 9:00 am GMT+7
Southeast Asia’s largest iron ore mine set for $3 bln revival after 15 years in limbo
After remaining dormant for 15 years, Vietnam’s Thach Khe iron ore mine is set for a major restructuring that could pave the way for a new VND80,000 ($3.04 billion) mining and steel complex aimed at producing high-quality steel products instead of exporting raw ore.
Industries - Sun, May 17, 2026 | 8:00 am GMT+7
JC&C-backed REE’s longtime chairwoman to step down as son takes CEO role
Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corp (HoSE: REE) is reshaping its leadership structure in a transition that marks the gradual handover of executive responsibilities to a younger generation.
Companies - Sat, May 16, 2026 | 6:13 pm GMT+7
Vietnam fines Shopee for misleading free shipping promotion
Vietnam’s competition authority has fined e-commerce platform Shopee VND200 million ($7,590) for providing misleading information to consumers in promotional campaigns.
Companies - Sat, May 16, 2026 | 4:48 pm GMT+7
Vietnam Deputy PM requests study of VAFIE proposals to build ‘leading’ economic groups
Vietnam’s Deputy Prime Minister Nguyen Van Thang has instructed ministries and state agencies to study recommendations from the Vietnam's Association of Foreign Invested Enterprises (VAFIE) on developing “leading” economic groups aimed at fostering large domestic corporations capable of competing regionally and globally.
Companies - Sat, May 16, 2026 | 1:03 pm GMT+7




















