Vinhomes interested in developing two industrial parks worth $400 million in Haiphong

June 04, 2025 | 14:44

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Vinhomes Haiphong Industrial Park Investment JSC plans to develop two industrial parks in Haiphong, namely the 238-hectare Ngu Phuc Industrial Park (Phase 1) and the 226-hectare Tan Trao IP (Phase 1) in Kien Thuy district.

Vinhomes interested in developing two industrial parks worth $400 million in Haiphong

Le Tien Chau, Secretary of Haiphong Party Committee, chaired the meeting

On June 2, Le Tien Chau, Secretary of Haiphong Party Committee, chaired a meeting regarding the IPs.

Vinhomes Haiphong Industrial Park Investment JSC is expected to be the investor of the projects, with an implementation timeline of five years from the second quarter this year. The projects aim to attract multi-sector investments, create jobs, contribute to industrial development, and drive the socioeconomic growth of the city.

The Ngu Phuc IP (Phase 1) has an estimated total investment of over VND5.67 trillion ($226.8 million), meanwhile Tan Trao IP-Phase 1 will cost VND4 billion ($160 million).

The two projects align with the city's master plan, the Northern Growth Pole, the Lao Cai-Hanoi-Haiphong-Quang Ninh economic corridor, and are part of the Southern Haiphong Coastal Economic Zone.

The city approved the investment policy for the IPs and assigned relevant agencies to continue implementing procedures in accordance with regulations.

Vinhomes Haiphong Industrial Park Investment JSC is a subsidiary of Vinhomes JSC, part of the Vingroup ecosystem. Originally a real estate developer, Vinhomes began transitioning to industrial real estate in 2020 with the establishment of Vinhomes Industrial Zone Investment and Development JSC (VHIZ).

In November 2024, VHIZ was spun off into two subsidiaries, namely Vinhomes Haiphong Industrial Park Investment JSC (with a charter capital of VND15.16 trillion, equalling $606.4 million) and Vinhomes Ha Tinh Industrial Park Investment JSC (with a charter capital of VND3 trillion, or $120 million).

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