Work starts on golf course, liquid cargo port, waste-to-energy projects in northern Vietnam province
A groundbreaking ceremony was held on Saturday for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in the northern province of Thai Binh (now Hung Yen province).
Thai Binh and Hung Yen were merged to become Hung Yen province, starting from July 1, 2025. On June 12, the parliament passed a resolution that reduces the country's number of provinces and cities from 63 to 34.
Groundbreaking ceremony for the Con Vanh Golf Course and Ba Lat Liquid Cargo Port projects in Thai Binh province (now Hung Yen province), northern Vietnam, June 28, 2025. Photo courtesy of the province's news portal.
With a total investment of VND2.5 trillion ($95.62 million), these projects, located in Tien Hai district, are expected to boost the province's tourism and economic development and create new momentum for the Thai Binh Coastal Economic Zone.
The Con Vanh Golf Course project, invested by Hoang Huy Urban and Infrastructure Development JSC, was approved by the provincial People's Committee in January 2025. It covers nearly 110 hectares with a total investment of VND2.16 trillion ($82.6 million).
The project includes a 27-hole international standard golf course, a control center, resort villas, a luxury hotel, a driving range, technical maintenance facilities, as well as supporting infrastructure such as green spaces, parking lots, and other amenities.
Once operational, the course is expected to bring significant socio-economic benefits. It will transform the mangrove area into a large-scale sports, entertainment and resort complex.
Preliminary estimates suggest annual tax revenues of around VND250 billion ($9.56 million) and employment for nearly 300 people, half of whom will be local residents. It will also increase land value in the planned area and surrounding real estate, thereby stimulating the development of other economic sectors.
The project will help realize the province’s goal of turning tourism and sports into key economic sectors, while preserving the region's natural landscape and environment.
Meanwhile, the Ba Lat Liquid Cargo Port project, developed by Phu Thanh Group JSC, was approved by the Management Board of Thai Binh Economic Zone and Industrial Parks in November 2024. It spans nearly 7 hectares with a total investment of VND278 billion ($10.63 million).
The port includes a specialized berth capable of receiving ships of up to 3,000 tons, a warehouse system for storing liquid goods such as petroleum and chemicals, a modern reception and transshipment system, technology pipelines, and supporting technical and transport infrastructure directly connected to the coastal road and key industrial zones.
This is the first specialized liquid cargo port in Thai Binh, playing a vital role in the energy and raw materials supply chain serving the development of the Thai Binh Economic Zone.
It will enhance inland waterway transport, facilitates import-export activities for businesses, and supports economic development. At the same time, it leverages the local advantages of river mouths and coastal access.
The same day, work also commenced on a VND2.5 trillion ($95.62 million) waste-to-energy plant in Thuy Trinh commune, Thai Thuy district. The project is jointly developed by Dragonventures Investment and Development JSC and WangNeng Environmental JSC.
According to the design, the six-hectare plant will have a daily processing capacity of at least 600 tons of domestic and general solid waste, while generating electricity with a capacity of 15 MW per day.
The plant will apply modern waste incineration technology in a closed-loop, circular treatment process that meets international environmental standards. It aims to minimize landfill waste, generate energy from waste, and contribute to improving the local living environment.
Construction is expected to take just over two years, with completion and operations scheduled for the fourth quarter of 2026. Once operational, the plant will help reduce the burden on existing landfills in Thai Thuy district and surrounding areas, while contributing clean energy to the local power grid.
- Read More
From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia
Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.
Travel - Thu, July 9, 2026 | 11:09 pm GMT+7
VietinBank seeks to divest entire stake in Hai Phong Port via public auction
VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).
Companies - Thu, July 9, 2026 | 5:10 pm GMT+7
Starlink begins taking orders in Vietnam, first-year service costs $1,190
Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).
Companies - Thu, July 9, 2026 | 4:09 pm GMT+7
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.
Companies - Thu, July 9, 2026 | 3:51 pm GMT+7
Idemitsu Kosan expands energy ecosystem in Vietnam
After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.
Industries - Thu, July 9, 2026 | 1:43 pm GMT+7
Two banks to list on Ho Chi Minh City bourse, expand charter capital
Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.
Banking - Thu, July 9, 2026 | 11:51 am GMT+7
Strong Q2 earnings, lower interest rates to bolster Vietnam stocks
Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.
Finance - Thu, July 9, 2026 | 8:00 am GMT+7
Wistron raises construction, equipment investment in northern Vietnam province to $178 mln
Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.
Industries - Wed, July 8, 2026 | 7:56 pm GMT+7
Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year
Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.
Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7
Vietnam raises airport number target to 36 by 2030 as aviation demand surges
Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.
Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7
Germany's VFT Bio Fuels UG eyes $3.1 bln green steel complex in southern Vietnam
Vietnamese industrial park developer IMG Phuoc Dong and Germany’s VFT Bio Fuels UG have signed a memorandum of understanding to study the development of a $3.1 billion green steel complex in the southern province of Tay Ninh.
Industries - Wed, July 8, 2026 | 4:25 pm GMT+7
Vietnam police minister urges Yamato Holdings to study investment in Gia Binh airport
Vietnam’s Minister of Public Security Luong Tam Quang has called on Japan’s Yamato Holdings to assess investment opportunities in warehousing and cargo transport systems at Gia Binh International Airport, while exploring potential cooperation and operational models with Vietnamese partners once the facility becomes operational.
Infrastructure - Wed, July 8, 2026 | 3:09 pm GMT+7
Vietnam real estate M&A favors quality, clear legal status assets as FDI priorities evolve
Vietnam's real estate M&A market continued to attract foreign capital in the first half of 2026 despite persistent global economic uncertainties, but foreign investors are increasingly targeting assets with clear legal status, stable cash flow, and strong operational performance, with data centers emerging as a key growth segment.
Real Estate - Wed, July 8, 2026 | 1:38 pm GMT+7
Central Vietnam hub Danang plans to tokenize nearly $4 bln in infrastructure projects to attract global capital
The Vietnam International Financial Center, located in the central city of Danang (VIFC Danang), plans to tokenize nearly $4 billion worth of infrastructure projects as part of a strategy to attract more global capital.
Economy - Wed, July 8, 2026 | 12:17 pm GMT+7
Computers, smartphones edge higher in price as AI memory boom tests Vietnam's ICT firms
Rising memory chip prices driven by artificial intelligence are spreading from semiconductor manufacturers to consumer electronics brands such as Apple, Dell and ASUS, pushing up the prices of computers and smartphones.
Companies - Wed, July 8, 2026 | 8:00 am GMT+7
LG Innotek to build $1 bln semiconductor substrate plant in northern Vietnam
South Korea's LG Innotek will spend $1 billion to build a semiconductor package substrate manufacturing plant in Hai Phong city, with mass production scheduled to begin in the third quarter of 2028, according to local authorities.
Industries - Tue, July 7, 2026 | 11:13 pm GMT+7

















