Vingroup to develop 4,600ha coastal urban project in northern Vietnam

A consortium of Vingroup (HoSE: VIC) and its real estate arm Vinhomes (HoSE: VHM) will develop a 4,600-hectare coastal urban complex in Ha An ward, Quang Ninh province, following local authorities’ approval of a zoning plan.

With location near the Ha Long-Hai Phong Expressway, the development is designed to accommodate nearly 300,000 residents and will integrate ecological resorts, theme parks, and modern urban services.

It is expected to become a key growth driver supporting Quang Ninh’s long-term socio-economic development.

The zoning area is divided into four functional subzones: B01, B02, B03, and B08.

B01, covering 1,455 hectares, will accommodate about 90,800 residents and serve as a mixed-use urban center featuring residential, commercial, and public facilities, structured along a 51-meter-wide main boulevard.

B02, spanning 1,471 ha with a projected population of 100,128, is designated as an eco-urban zone integrating tourism, hospitality, healthcare, education, and commercial functions, with green and waterfront spaces as key visual highlights.

B03, covering 1,154 ha and housing roughly 81,861 residents, will focus on recreational and entertainment facilities, including theme parks and community leisure areas.

B08, occupying 527 ha and planned for 25,891 residents, will feature high-end residential and commercial developments surrounded by green and water landscapes.

The project extends Vingroup’s expanding footprint in Quang Ninh - home to the UNESCO-recognized natural heritage site Ha Long Bay.

The group recently began construction on the Quang Hanh golf course – a 100-hectare, VND886 billion ($34 million) development featuring a 21-hole course, clubhouse, and staff facilities.

Vingroup, chaired by billionaire Pham Nhat Vuong, is also leading several major projects in the province, most prominently the Vinhomes Ha Long Xanh urban area, spanning more than 4,100 ha with a total investment of around $10 billion.

The firm is developing Zone A of the Quang Hanh coastal tourism, service, and urban project, covering 32 ha and worth over VND2.93 trillion ($111 million).

To strengthen regional connectivity, Vingroup has also proposed a 120-kilometer high-speed railway linking Hanoi and Quang Ninh, designed for speeds of up to 350 km/h with an estimated investment of $5.4 billion.