Vingroup to Build $14B Port & Logistics Hub in Hai Phong

Vingroup greenlights $14 billion port and logistics complex at Nam Do Son, Hai Phong

Vingroup’s board has approved a landmark project: the Nam Do Son Port and Logistics Hub, valued at approximately USD 14.28 billion. The development spans nearly 4,320 hectares within Hai Phong’s Southern Coastal Economic Zone. Vingroup plans to contribute around 15% equity, with the remainder mobilised from external investors. The project is slated to operate for 70 years.

Structured in three phases (2026–2040), the first phase (2026–2030) will receive nearly VND 29,000 billion in investment. Subsequent phases will develop deep-water port infrastructure, a hinterland logistics centre, and internal transport corridors.

Vingroup already plays a pivotal investment role in Hai Phong, with over USD 7.5 billion committed to industrial parks such as Tan Trao and Ngu Phuc. At the mid-July investment forum, Hai Phong secured USD 15.6 billion in commitments—about half attributed to Vingroup’s projects.

Hai Phong’s strategic location, featuring the Lach Huyen deep-water port and multi-modal transport links (road, rail, sea), positions it as a top-tier logistics hub in Northern Vietnam. The Nam Do Son mega-project further cements this status.

Local manufacturers and exporters can expect expanded warehousing and logistics services, supporting more efficient supply chains. Businesses should prepare to integrate with new infrastructure and leverage opportunities throughout the value chain.

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