Work starts on many major projects in Vietnam city Hai Phong

By Thang Quang, Thai Ha
Mon, May 12, 2025 | 4:13 pm GMT+7

Twelve key projects saw construction kick-start or inauguration on Sunday in the northern port city of Hai Phong.

Tran Luu Quang, head of the Central Strategy and Policy Committee (fifth, left) and Hai Phong leaders at an event on May 11, 2025 to debut the city's Administrative-Political Center. Photo courtesy of Hai Phong newspaper.

Tran Luu Quang, head of the Central Strategy and Policy Committee (fifth, left) and Hai Phong leaders at an event on May 11, 2025 to debut the city's Administrative-Political Center. Photo courtesy of Hai Phong newspaper.

The events took place en masse at a ceremony held by the municipal People's Commitee at the city's new Administrative-Political Center in the Bac Song Cam urban complex, Thuy Nguyen town.

The 12 events include placing signs for the Administrative-Political Center and a performance-conference center; commencing construction of the Cat Bi International Airport expansion project; and starting to build a new urban area in Duong Kinh and Kien Thuy districts.

Other projects include the inauguration of the Singapore International School (SIS) project (Le Chan district) and the Tien Cuong 2 Industrial Cluster (Tien Lang district), the commencement of construction on a five-star hotel (Hong Bang district), and the groundbreaking for the Trang Due 3 Industrial Park project.

Speaking at the ceremony, Le Anh Quan, standing Vice Chairman of Hai Phong, emphasized that these projects will contribute to changing the city's urban appearance, gradually turning Hai Phong into a city on par with cities in the region and the world as well as a key growth pole in the northern region.

The Administrative-Political Center in Hai Phong city, northern Vietnam. Photo courtesy of Tien Phong (Vanguard) newspaper.

The Administrative-Political Center in Hai Phong city, northern Vietnam. Photo courtesy of Tien Phong (Vanguard) newspaper.

Municipal Administrative-Political Center

The city's Administrative-Political Center is built on an area of over 29,000 square meters, with a total floor area of 89,500 m2 and a total investment of over VND2,831 billion ($109.13 million).

The complex consists of 14 blocks of buildings built symmetrically along the East-West and North-South axes.

Of these, the two main blocks in the middle are 15 floors high. The remaining 12 low-rise blocks are arranged symmetrically in an arc shape opening to the North and South directions.

Inside the buildings, conference rooms, offices, lobbies, corridors and functional rooms are designed in a modern style.

Cat Bi International Airport

The Cat Bi airport expansion project, with a total investment of VND1,151 billion ($44.36 million), will cover 13.68 hectares and include two phases.

The project to expand the aircraft parking lot and the project to build Passenger Terminal T2, after completion, together with the cargo terminal project with a capacity of 100,000 tons per year, will create synchronization in aviation infrastructure.

Illustration of Singapore International School (SIS) in Le Chan district, Hai Phong city, northern Vietnam.

Illustration of Singapore International School (SIS) in Le Chan district, Hai Phong city, northern Vietnam.

Singapore International School (SIS)

Singapore-headquartered KinderWorld International Group's Singapore International School (SIS) in Le Chan district is one of the most significant projects.

Ricky Tan, chairman of KinderWorld, said that Hai Phong is in a very favorable position for FDI attraction and KinderWorld believes in the city's growth prospects.

At the event, he stated that Singapore International School in Le Chan district is the first project in KinderWorld's investment plan in Hai Phong city. In the future, KinderWorld aims to develop more international school campuses, vocational education centers, and outdoor eco-tourism and education complexes.

With this plan, the group hopes to contribute more to the development of human resources in the city, Ricky Tan added.

The school in Le Chan district, the 16th SIS facility, is the first school following the K-12 model (grades are kindergarten and first through 12th grade) in Hai Phong.

The first phase of the school will comprise of the first classroom block and world-class school facilities including a multi-purpose sports hall, swimming pool, football field and auditorium.

With the completion of additional classrooms and complementary facilities in the second phase, SIS Le Chan will become one of the largest campuses of KinderWorld in Vietnam, providing education for 1,500 students from preschool to high school.

Le Khac Hiep, vice chairman of Vingroup, speaks at a groundbreaking ceremony for the Vinhomes Golden City urban complex project in Hai Phong city, northern Vietnam. Photo courtesy of Hai Phong newspaper.

Le Khac Hiep, vice chairman of Vingroup, speaks at a groundbreaking ceremony for the Vinhomes Golden City urban complex project in Hai Phong city, northern Vietnam. Photo courtesy of Hai Phong newspaper.

Vinhomes Golden City urban complex

Vinhomes, a subsidiary of Vingroup, held a groundbreaking ceremony for a $23,218 billion ($894.26 million) new urban area project, named Vinhomes Golden City, in Duong Kinh and Kien Thuy districts.

Illustration of the Vinhomes Golden City project in Hai Phong city, northern Vietnam.

Illustration of the Vinhomes Golden City project in Hai Phong city, northern Vietnam.

Vinhomes Golden City is the fifth real estate project Vinhomes has developed in Hai Phong. It is located in Hoa Nghia ward of Duong Kinh district and the communes of Dong Phuong and Dai Dong in Kien Thuy district.

The project covers more than 240 hectares, including low-rise housing, apartment buildings, public works, commercial and service works, schools, and medical facilities.

Trang Due 3 Industrial Park

Saigon-Hai Phong Industrial Park Joint Stock Company (SHP) held a groundbreaking ceremony for the Trang Due 3 IP project, which has a total investment of VND8,000 billion ($308.11 million).

It covers 652.73 hectares and is located in the communes of Truong Thanh, Truong Tho, An Tien, and Bat Trang of An Lao district in Dinh Vu-Cat Hai Economic Zone.

Trang Due 3 has a strategic location in the zone, fully benefiting from the synchronous transport infrastructure system and international connectivity of Hai Phong - a key logistics and industrial center in the northern region.

The IP aims to attract enterprises in the high-tech sector, electronics, electric vehicle industry, and environmentally friendly supporting industries.

Comments ( 0)
  • Read More
VietinBank seeks to divest entire stake in Hai Phong Port via public auction

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 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 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

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

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 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

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

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 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

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 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 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

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

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

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

Malaysia’s JLand eyes up to $6 bln high-tech hub in Hanoi

Malaysia’s JLand eyes up to $6 bln high-tech hub in Hanoi

Malaysia’s JLand Group has proposed developing a high-tech, innovation and data center complex in Hanoi with an estimated investment of $4-6 billion, as Vietnam’s capital seeks to attract technology projects and strengthen its digital infrastructure.

Infrastructure - Tue, July 7, 2026 | 4:26 pm GMT+7