Vingroup has announced plans to invest VND373.84 trillion (USD14.3 billion) in developing the Nam Do Son Port and Logistics Centre in Hai Phong’s Southern Coastal Economic Zone. The 4,400-hectare project will be developed over 70 years in three phases between 2026 and 2040.
Phase one (2026–2030) will receive VND29.1 trillion (USD1.11 billion), followed by VND206.3 trillion (USD7.88 billion) in phase two (2031–2035), and VND138.5 trillion (USD5.29 billion) in phase three (2036–2040). Vingroup will finance 15 per cent of the total investment, with the remainder sourced through external funding.
This megaproject strengthens Vingroup’s presence in Hai Phong, where its ventures include the VinFast EV plant, multiple Vinhomes real estate developments, two upcoming industrial parks, and a planned LNG-to-power project. Hai Phong has emerged as a logistics and manufacturing hub, with port throughput expected to reach 212 million tonnes in 2025.
