Vingroup, Vietnam’s largest private conglomerate, has unveiled plans for a massive investment project worth 374 trillion dong (approximately $14 billion) aimed at transforming the country’s logistics landscape. The proposed development involves the creation of a port and logistics hub in Hai Phong, a strategic coastal city located about 100 kilometers east of Hanoi.

This ambitious project is part of Vingroup’s long-term infrastructure and industrial expansion and is expected to bolster Vietnam’s global trade connectivity. It will be executed in three phases and is set for completion by 2040.

Project Highlights

Parameter	Details
Investment Amount	374 trillion dong (~$14 billion)
Project Type	Port and logistics hub
Location	Hai Phong, Vietnam (approx. 100 km east of Hanoi)
Completion Timeline	Project to be developed in 3 phases; full completion by 2040
Funding Plan	15% from internal cash; 85% through borrowings
Developer	Vingroup (Flagship of billionaire Pham Nhat Vuong)
Diversified Interests	Real estate, healthcare, electric vehicles (VinFast), tourism, renewables
Broader Strategy	Includes tourism estates & renewable energy (target: 25+ GWh by 2030)

Strategic Vision

This port and logistics hub aligns with Vietnam’s ambition to become a regional logistics powerhouse. By enhancing transport connectivity through Hai Phong — one of the nation’s busiest ports — Vingroup aims to facilitate smoother cargo movement and bolster trade flows in and out of the country.

The project also complements the group’s energy transition efforts and infrastructure-led growth strategy, reinforcing its leadership across multiple sectors, including the rapidly growing electric vehicle market via VinFast.

Conclusion

Vingroup’s $14 billion investment in Hai Phong signals a new era of industrial and trade development for Vietnam. As the country continues to integrate into global supply chains, infrastructure projects of this magnitude will be critical in supporting sustained economic growth and industrial diversification.